Demand Finance

Features

 

Purpose of Facility
  • Bridge financing to bridge the gap until the availability of the arranged credit lines
  • To meet the capital expenditure requirement
  • For procurement of goods/services from local sources
  • For any specific/structured credit need
Tenor of Facility
From 30 days to 5 years
Amount of Finance
Limits will be allocated as per business needs/requirements
Pricing
Market competitive pricing will be offered
Pricing Type
Floating (Revision will be made according to the benchmark used)

For example: If 3 Months KIBOR is used then revision will be made quarterly, similarly for 6 Months KIBOR revision will be made bi-annually.

Principal Repayment
Monthly/Quarterly/Bi-Annually/Yearly or complete adjustment at end of tenor
Markup Payment
Monthly/Quarterly/Bi-Annually/Yearly payment or at the time of complete adjustment of principal liability (whichever comes earlier)
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    Last Update: 18/07/2024 05:05

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