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Credit line

 

Sometimes you might need the finance to support your business in the future but some issues might prevent you from getting loans for your business requirement on time. BIDC bank provides immediately the best solution for getting loans with Credit Line Service.
Purpose : Working capital
Loan amount : Maximum 70% of total collateral value
Loan term : Less than 1 year
Interest rate : 8% to 10% p.a
Installment : Pay interest only
Interest : Every month on 25th
Processing fee : 1% to 2% of loan amount
Grace period : No
Disbursement : All at one
Disbursement : Base on customer request, must have invoice, customer can request to pay each LD before maturity date but cannot disburse it back.
Renew loan condition: Pay off each LD
*** Interest and fee charges can be negotiate with VIP customers and Big amount loan