Mumbai, Apr 23, 2019 (Issuewire.com) - Balaji Credit Services Pvt. Ltd. (A division of Balaji Corporation) is a loan and financial consultancy company incorporated in the year January 2015 by a group of experienced financial consultants and Ex-Bankers.
Balaji Credit has helped numerous SMEs, Start-ups, and Corporate to avail the best financial and loan products in the form of working capital at the right time and for the right purpose. Have raised working capital loans for all business communities may it be manufacturing, trading or services. With the help of its vast and diversified customer base, Balaji.. today is not just a normal financial consulting company but has grown in leaps and bounds and is one of the pioneers in working capital and SME Loans.
Visit BalajiCredits.com to Know More or Apply Online
Call +91 8080 368 222 For Direct Assistance
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Type of credit facilities:
Letters of credit have been used for centuries to facilitate payment in international trade. Their use will continue to increase as the global economy evolves. A letter of credit is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make a payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase. Due to the nature of international dealings, including factors such as distance, differing laws in each country, and difficulty in knowing each party personally, the use of letters of credit has become a very important aspect of international trade.
FEATURES AND BENEFITS
- No Pre-Payment penalty.
- Eligibility on projected Turnover.
- No vintage required (Age of the firm can be less than 1 year).
- No interest charged.
- Only opening charges are applicable.
- Can also be in Foreign Currency.
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Letter of Credit (LC Discounting)
Discounting of Letter of Credit (LC) is a short-term credit facility provided by the bank. LC discounting is actually a term used for ease in place of 'LC Bill Discounting', which means discounting of a bill backed by LC. In this arrangement, the sale of goods is made by the client on the strength of usage of the term 'Export Letter of Credit (LC).' Sellers may request that a buyer obtain a letter of credit from a financial institution prior to shipping goods. This is done to protect the seller against non Payment and the merchandise.
FEATURES AND BENEFITS
- No Pre-Payment penalty.
- Eligibility on projected Turnover.
- No vintage required (Age of the firm can be less than 1 year).
- No interest charged.
- Only opening charges are applicable.
- Can also be in Foreign Currency.
- No Collateral Security required.
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Buyer credit is a short term credit available to an importer (buyer) from overseas lenders such as banks and other financial institution for goods they are importing. The overseas banks usually lend the importer (buyer) based on the letter of comfort (a bank guarantee) issued by the importers bank. For this service, the importer's bank or buyer's credit consultant charges a fee called an arrangement fee.
Buyers credit helps local importers gain access to cheaper foreign funds that may be closer to LIBOR rates as against local sources of funding which are more costly.
The duration of buyers credit may vary from country to country, as per the local regulations. For example, in India, buyers credit can be availed for one year in case the import is for tradeable goods and for three years if the import is for capital goods.
FEATURES AND BENEFITS
- No Pre-Payment penalty.
- Eligibility on projected Turnover.
- No vintage required (Age of the firm can be less than 1 year).
- Can also be in Foreign Currency.
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Packing Credit is nothing but pre-shipment finance given to exporters with a low-interest rate to boost exports. A packing credit loan will often be extended if a letter of credit has been issued by the purchaser of the products that is based in another country or a confirmed order for exporting the goods exists.
Packing Credit is pre-shipment finance given by the bank to procure raw materials and arranging goods ready for export.
FEATURES AND BENEFITS
- No Pre-Payment penalty.
- Eligibility on projected Turnover.
- Only opening charges are applicable.
- Can also be in Foreign Currency.
To Know more or Apply online visit - https://balajicredits.com/apply-now/
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Other Offerings:
Agriculture & Allied Industries Finance
Balaji credit offers finance for agriculture & allied industries including manufacturing, trading, exports & imports comprising industries such as edible oil, commodities, horticulture, fisheries, biofuel, agriculture equipment, seeds, tractor dealers, insecticides & pesticides.
FEATURES AND BENEFITS
- Tailor-made repayment structure.
- Bullet payment option.
- Interest on a utilisation basis.
- Warehousing option available.
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Foreign Currency Term Loan
Balaji Credit has observed that many SMEs and Corporate have imported plant and machinery with Indian Currency in the form of a loan or from their own sources.
BCSPL has a specific product for such clients in form of Foreign Currency Term Loans (FCTL. Under FCTL these SMEs and Corporate can import machinery in foreign currency thus resulting in very low cost of interest vis-a-vis increased profitability.
FEATURES AND BENEFITS
- Subsidy from the government on machinery Loans for manufacturing units.
- No Pre-Payment penalty.
- Eligibility on projected Profitability.
- Loans can be arranged to the tune of 100% of the project cost.
- Rate of Interest as low as 6.5% to 9%
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Invoice/Bills Discounting
Balaji Credit offers assistance for Invoice/Bill Discounting for vendors to large Corporate. The term invoice discounting or bills discounting or purchase of bill are all same. Invoice discounting is a source of working capital finance for the seller of goods on credit. Major SME is stuck due to extended corporate debtors/receivables cycle which is generally a minimum 30 days to maximum 180 days.
Bill discounting is an arrangement whereby the seller recovers an amount of sales bill from the financial intermediaries before it is due.
FEATURES AND BENEFITS
- No additional collateral security/property to be pledged.
- Receivables/Debtors up to 180 days considered.
- Repayment after Debtors/receivables realization.
- Bills to be collected by FIs on the due date.
- Both Domestic and Export Bills discountable.
- No NOC required from existing Banks.
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Machinery & Equipments Finance
Balaji Credit services Pvt. Ltd. (BCSPL) facilitates Small Medium Enterprises (SMEs) and Corporate to avail loans to purchase machinery and equipment from leading NBFC and Banks without any additional collateral security or property.
With our long-standing experience in debt syndication, we encourage them to expand and compare with the best loan products available in India. "Considering that major clients do have issues pertaining to margin since all financial institutions fund only 75% of the cost of machinery and equipment, we do have margin arrangements in form short term loans for margin funding. In all, we can help our clients get 100% of the value of machinery and equipment and facilitate the growth of our clients irrespective of shortfall of capital or margin".
FEATURES AND BENEFITS
- Subsidy from the government on machinery Loans for manufacturing units.
- No Pre-Payment penalty.
- No vintage required (Age of the firm can be less than 1 year).
- Eligibility on projected Profitability.
- Loans can be arranged to the tune of 100% of the project cost for vintage units.
- Term Loans in Foreign currency for imported machinery
- Letter of Credit (LC) facility for imported machinery.
- Buyers Credit (BC) facility for imported machinery.
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Loan Against Bank Guarantee
Bank guarantee is a non-fund based instrument which is not convertible into the fund based which can be helpful for companies to purchase raw material when the actual working capital limit is fully exhausted.
Balaji Credit helps companies to avail funds and even raw material against unutilized Bank Guarantee limits.
Features & Benefits:
- Lowest Rate of Interest.
- No upfront service charges.
- No maximum limit restriction.
- Interest calculation on per day utilization basis.
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Collateral Free Working Capital
Banks usually require collateral as security for a business loan plus a personal guarantee. In this guide, we recommend the best unsecured business lenders for borrowers who dont want to pledge business collateral or personally guarantee a loan. We also recommend the best unsecured business loans for small business owners who are okay with personally guaranteeing a loan but cant come up with adequate collateral. You can diversify your business or even fund through our personalized solutions and services.
FEATURES AND BENEFITS
- Loans without any primary or collateral security requirements.
- Loan - Rs. 30 lakhs to 5 Crores.
- Loan Tenure - 6 months to 48 months.
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To Know more or Apply online visit - BalajiCredits.com
To Be in touch, Follow our linkedin page
Call +91 8080 368 222 For Direct Assistance
Media Contact
Balaji Credit Services Private limited
91 80 80 368222
Shop No.1, Sujata Niketan CHSL,Rani sati Marg, Near Railway Station,Malad (East) Mumbai – 400 097
Source :Balaji Credit Services private Limited
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