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Secured Loans

Loan Against Property

Loan Against Property is a secured loan product that can be useful for both salaried individuals as well as businesses. The loan gets sanctioned once you mortgage your residential or commercial property. The bank approves the credit amount, which is equivalent to the current value of the property. As a loan buyer, you can mortgage a property that is self-occupied, rented or any piece of land owned by you. However, you need to make sure that the title of the property is clear.

Working Capital Loan

A working capital loan works best for seasonal businesses, which do not require a lumpsum to keep going. The companies apply for these loans to pay rent or buy raw materials, which lets them preserve their capital for the time being. For example, the company buys raw materials using such finances, begins production, manufactures the finished goods, generates income or profit, and repays the debtors using the same money.
There can be many reasons why companies opt for such loans. For example, the company may have heavily invested in its capex; hence the shortage of funds for day-to-day operations is obvious. Using these loans helps them cater to such needs. In addition, there are instances where entities are unable to convert their debtors or investments or unable to make sales as expected. The working capital loan for businesses, in such scenarios, help them in finding monetary aid.
Even when they have unexpected cash requirements, they can apply for it. Shortage of funds to take up new projects/sales orders or purchase raw materials at a lower market rate can also be one of the reasons behind taking up these loans.

Dropline Overdraft

Drop-line Overdraft (DLOD) is a facility granted to the customer by the financial institution where businesses can overdraw from their current account up to a limit that is agreed upon by the banker. Overdraft is one of the most efficient forms of borrowing as one needs to pay interest only for the amount of money withdrawn.
The dropline overdraft is almost similar in all the cases except in new cases as there is the availability of the limit. This withdrawal limit reduces each month from the limit which is sanctioned. The calculation of the Interest rate is done on a daily basis and it is charged at the month's end. You will be charged only for the amount used, So, you can always park your funds in a virtual account whenever funds are not in use.

Bank Guarantee

A bank guarantee is when a lending institution promises to cover a loss if a borrower defaults on a loan. The guarantee lets a company buy what it otherwise could not, helping business growth and promoting entrepreneurial activity.There are different kinds of bank guarantees, including direct and indirect guarantees. Banks typically use direct guarantees in foreign or domestic business, issued directly to the beneficiary. Direct guarantees apply when the bank's security does not rely on the existence, validity, and enforceability of the main obligation.
Individuals often choose direct guarantees for international and cross-border transactions, which can be more easily adapted to foreign legal systems and practices since they don't have form requirements.
Indirect guarantees occur most often in the export business, especially when government agencies or public entities are the beneficiaries of the guarantee. Many countries do not accept foreign banks and guarantors because of legal issues or other form requirements. With an indirect guarantee, one uses a second bank, typically a foreign bank with a head office in the beneficiary's country of domicile.

Letter Of Credit

A letter of credit, or a credit letter, 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. If 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. It may be offered as a facility.
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.

Industrial Property Loan

An industrial property purchase loan opts when one wishes to buy an industrial building which is ready to move-in. The loan amount is agreed upon by the bank. There are some parameters that are checked and assessed before agreeing upon the amount, they are, the income of the borrower, purchase value, the present market value of the property. The purchased property must comply with all the rules and regulations legally as well as technically.
The prominent factors that need to be assessed are 'Loan to Value ratio' and the 'income eligibility'. Loan to Value (LTV) ratio is expressed in percentage and is essentially the ratio of the loan amount required to the property's market value. When considering Industrial Property loan this ratio normally ranges from 50% to 60%. The LTV depends upon the property type and the ultimate use of it.Income Eligibility is another crucial point to be considered. The main focus of this parameter is deciding and agreeing upon a fixed loan amount that can be extended to the lender, based on his income. There exist particular eligibility calculators that can help ease this hefty calculation task.
The rate of interest in industrial property loan is higher than other secured loans. The floating term is also variable rate. The margin decided at the time of the loan is agreed upon and made constant through the whole loan term.

Commercial Property Loan

A commercial property loan allows you to avail of sizeable funding by mortgaging commercial real estate owned by you. The commercial property may be the one you use for your business or any other profit-generating purpose. You can opt for a commercial property loan in case you are looking for ample, affordable financing; for instance, to expand your business or buy expensive machinery.
Here, a commercial property loan refers to a loan against commercial property, wherein you raise funds by mortgaging commercial real estate you already own. Sometimes, however, lenders refer to commercial property loans as loans given to purchase commercial real estate; for instance, in the case of a loan for a commercial shop.

Builder Inventory Funding

The term inventory financing refers to a short-term loan or a revolving line of credit that is acquired by a company so it can purchase products to sell at a later date. These products serve as the collateral for the loan.
Inventory financing is useful for companies that must pay their suppliers for stock that will be warehoused before being sold to customers. It is particularly critical as a way to smooth out the financial effects of seasonal fluctuations in cash flows and can help a company achieve higher sales volumes by allowing it to acquire extra inventory for use on demand.

Loan Against Rent Receivables

There are different types of loan products available in the market today. With growing finance needs, one loan does not suit the needs of all. Even for the banks or financial institutions, it becomes easier if they offer tailor-made products for different customers. One such loan product is Loan Against Rent Receivables.
As the name suggests, this type of loan is targeted at owners of real estate buildings or commercial establishments who have given their space or part building on rent. The real estate has been on the upswing for some time now. While there is volatility in this market, the overall scenario has been strong. Many people invest in commercial properties/malls even at the developmental stage to take advantage of future gains. Such people are eligible to take loans HYPERLINK "https://www.creditmantri.com/loan/" from the bank on the grounds of future rent receivables through these invested properties.
Loan Against Rent Receivables are available both in urban and rural areas. The investment made in the purchase of a building or the rent receivables is treated as the security for the loan. This type of loan helps owners to get finance on the basis of future rent and generate liquidity in their portfolio. Most leading banks in the country offer this loan product. Read on for further details on this type of loan.

Bank Overdraft

Bank overdraft is a type of financial instrument that is provided to some customers by the bank in the form of an extended credit facility, which comes into effect once the main balance of the account reaches zero.
In other words, bank overdraft is an unsecured form of credit that is mainly used for covering short term cash requirements.
Banks offer a credit limit to the bank customers based on their relationship with the bank. The bank levies separate interest and charges towards non-maintenance of account. The interest rate for the overdraft facility may vary from bank to bank.

LC Discounting

Letter of Credit discounting is a primary method of financing in international trade and is also known as a documentary credit. Fundamentally, it is a guarantee provided by a financial institution to pay sellers on behalf of buyers in case of default on their part. Letter of Credit discounting serves as financial security for businesses involved in either export or import or both.
LC discounting is considered to be a typical funding option as financial institutions follow a mandatory verification process to confirm the authenticity of both the parties. Also, the chance of manipulating the discounting rate is minimal as only the prevailing rates apply to a Letter of Credit.

Loan Against Bank Guarantee

A guarantee means giving something as security. A bank guarantee is when a bank offers surety and guarantees for different business obligation on behalf of their customers within certain regulations. The lending institutions provide a bank guarantee which acts as a promises to cover the loss of the customer if he/she defaults on a loan. It is an assurance to a beneficiary that the financial institution will uphold the contract between the customer and third party if the customer is unable to do so.
Bank Guarantee a promise made by the bank to any third person to undertake the payment risk on behalf of its customers. Bank guarantee is given on a contractual obligation between the bank and its customers. Such guarantees are widely used in business and personal transactions to protect the third party from financial losses. This guarantee helps a company to purchase things that it ordinarily could not, thus helping business grow and promoting entrepreneurial activity.

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