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 SMEs
Non – Fund Based Letter of Credit, Buyers Credit, Bank Guarantee
For Domestic: 100% LC/BG/SBLC value
Account level customization
Click To Apply
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
Q. For what purpose can this program be used?
A. LC: for procurement of raw materials/capital goods and BG: for guaranteeing the financial / performance obligations of the client
Q. For what purpose can this program not be used?
A. This facility is not be used for issuance of merchant trade/revolving/red clause LC or for issuance of inter institutional guarantees/ guarantees on behalf of overseas JV/WOS guarantees /third party BG/issuance of BG to stock exchanges)/issuance of BG for purchasing gold on loan basis No open ended BGs in terms of amount to be issued under this delegation
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