At KCIBL, we make it our goal to help realise the potential of your business. Whether you are in retail, trading, manufacturing or services, we want to see you succeed. We'll support you with customised financial solutions, responsive services and access to expert advice.
For a small or medium business, timely finance is the key to making the most of business opportunities. At KCIBL Bank we understand. We have a host of innovative loan and overdraft products that can make all the difference to your bottomline.
- Business Advantage Loan
- Vendor Bill Discounting
- Vendor/Dealer Finance
Business Advantage Loan:
We provide customers with
- Limits offered : Rs. 25 lacs to Rs. 5 crores
- Collaterals : Funding against commercial / industrial / residential property & liquid securities.
- Facilities offered : Cash Credit / Overdraft / Dropline Overdraft / Bank Guarantee / Letter of Credit / Export Credit / Cash
Management Services - - Fast processing and quick availability of loans with lesser documents.
- Best suited for : Retailers / Traders / Manufacturers / Wholesalers / Distributors / Importers / Exporters / Dealers
- Pre-requisites : Minimum one year business vintage & audited financials.
KCIBL Bank Advantages: - Flexible Collateral norms based on your financials and property types from 30% to 200%
- Fast decisioning - decentralised operations, centralised decision making.
- Fast disbursement - subject to complete documentation, disbursement in 25 days
- Working capital limits to support your growth plans and enhancements based on your further requirements - ranging from 25 lacs to 5 crores.
- Exclusive relationship managers - who can provide you all financial services - including trade accounts & services, remittances.
Fast and Easy renewals:
E-mail, Mobile alerts. - Internet banking convenience - 8am to 8pm banking in select locations
Interest rates on loans and advances are IBAR (KCIBL Bank Benchmark Advance Rate) linked. Present Interest rate is I BAR + 3% based on product offered. IBAR at the time of limit set-up will be applicable. Please refer www.kcibl.com for the latest IBAR.
Terms and conditions governing the facility will be as per the Credit Arrangement Letter issued to the borrower after sanction.
Business Advantage Loan - Loan backed by credit guarantee from CGTMSE:
Loan up to Rs. 25 lac, specially designed to fund manufacturers under the Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE) scheme of SIDBI (Small Industries Development Bank of India) and Ministry of Small and Medium Enterprises.
Key Features: - Loan amount of up to Rs. 25 lac*
- Funding for manufacturers under the CGTMSE scheme of SIDBI and Ministry of Small and Medium Enterprises
- Charge on current assets
- No requirement of third-party guarantee Flexible Collateral norms based on your financials and property types from 30% to 200%
No requirement of collateral security. Available in two attractive variants
i. Cash Credit - Working capital as cash-credit facility (with charge on current assets)
- Facility for a period of 12 months
- Floating interest rate. Interest levied only on amount utilized.
- Flexibility of paying a minimum amount every month.
ii. Business Installment Loan - Term loan with equated monthly installments (with charge on current assets / fixed assets financed through Business Installment Loan
- Choice of fixed tenure for repayment (6 months to 48 months)
- Loan for purchase of assets / expansion / working capital
- Fixed rate of interest.Working capital as cash-credit facility (with charge on current assets)
Eligibility: - Track record of repayment of loans
- Audited financial statements of past two years
- Investment of less than Rs. 5 crore in plant and machinery
- Funding to proprietorships, partnerships, private limited companies and public limited companies. Loan amount of up to Rs. 25 lac*
Pricing
Maximum – IBAR + 3% p.a. IBAR at the time of limit set-up will be applicable. Please refer www.kcibl.com for the latest IBAR. *Terms and conditions apply. All loans at sole direction of KC international bank limited.
Vendor Bill DiscountingKCIBL Bank s Vendor Bill Discounting is the solution for your working capital requirements. If you are a vendor with a turnover of Rs. 2 crore, KCIBL Bank's Vendor Bill Discounting can solve your business cash flow needs. This helps you meet your working capital needs, and allows you to access funds at competitive interest rates.
The KCIBL Bank Edge
- Minimum paperwork
- Competitive rates of interest
- Quick transaction delivery
Vendor Dealer Finance
KCIBL Bank s Vendor Dealer Finance solves your cash flow needs and ensures smooth running and development of your business. With KCIBL Bank s Vendor Dealer Finance, you get funds conveniently, on time and at a reasonable cost.
KCIBL Banks Vendor Financing
KCIBL Bank offers Bill Discounting services to vendors of large Indian corporates, including priority sector companies. Once the company accepts the bills drawn by you, they may be discounted by us. Discounting rate is linked to the tenor based IBR. Limit is outside the banking arrangement of the Corporate, and recourse is to you. In case the corporate is not willing to accept a bill of exchange, you can also opt for our Invoice Discounting facility.
KCIBL Bank s Dealer FinancingKCIBL Bank's Dealer Financing schemes are available to selected dealers of large corporates. With KCIBL Bank s Dealer Finance services, you can avail short-term unsecured finance to procure goods from corporates. These may be on a non-recourse basis; or, in some cases, corporate recourse by way of First Loss Deficiency Guarantee. The corporate provides non-financial comforts like Stop Supply Letter, Assistance in Recovery & Resale. All payments due to you must be routed through our accounts.
Dealer financing may be in the form of Bill Discounting or an Overdraft facility. Term facility is also available for assets, like vending machines, which are required by you to deliver the corporates products.
