Cash Backed Lending Program
Immediate approval and disbursement of non-fund based facility!
The Cash Backed Lending Programme aims to provide a comprehensive solution for the financing requirements of Traders, Manufacturers and Service providers.
Product features may change without notice -for all Products offering.
Quick Processing with minimal documentation
Ideal for immediate non fund based credit needs of MSMEs
For Domestic: 100% LC/BG/SBLC value
Account level customization
Request letter to debit the client’s account for creation of FD
Trade KYC document
Duly accepted copy of the Facility letter
Indemnities for the LC facility
Letter of Set off (In case Third Party Fixed Deposit provided as security) executed by such third party in favor of YBL
Board Resolution according consent for availing the facility, providing fixed deposit as security and authorizing persons to sign and execute documents on behalf of the company.
FD discharge form
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