| 1. Current Account |
| |
You need a well-equipped bank account to keep pace with the ever-changing business scenario. What sets our business banking proposition apart is that it has been tailored and customized with a host of features matching your requirements, for your business.
We present you a choice of 3 power-packed Current Accounts namely Ace, Pro and Edge and each account has been designed to fulfill your business requirements. |
| |
|
|
|
|
| 2. Assets |
| |
We offer working capital finance by way of suitably structured products catering to your need. Based on a financial and qualitative evaluation of your business and your working capital requirements, we can extend :
- Cash Credit :
Our Cash Credit (CC) facility helps you meet your working capital requirement and short-term funding needs.
- Overdraft :
Overdraft differs from Cash Credit only in respect of Drawing Power. Unlike the Cash Credit facility, the Overdraft facility has no monthly fluctuating Drawing Power.
- Overdraft against Term Deposit :
An Overdraft can also be obtained against your Term Deposits of 181 days or more with our Bank. This facility helps you to meet your short term liquidity requirements without disturbing your investment in the deposit.
- Working Capital Demand Loan :
A Working Capital Demand Loan (WCDL) can be used to meet temporary shortfalls in liquidity or cater to some unexpected business orders, or for short-term business requirements.
- Working Capital Term Loan :
A Working Capital Term Loan (WCTL) can be used for medium to long term requirements to fund your core current assets or to meet your business requirements.
- Single Payment Gateway :
Under A Single Payment Gateway (SPG), the amount payable to the manufacturer by the dealer is directly credited to the manufacturer's account in the Bank. This is ideal for dealers sourcing most of their inventories from one manufacturer.
|
|
|
|
|
| 3. Long-Term Financial Needs |
| |
We can also assist you in the your long-term business requirements, like setting up of projects, plants, infrastructure, workshops, factories, showrooms, purchase of equipment, plant & machinery and so on.
- Term Loan :
The Term Loan (TL) facility has a maximum repayment tenure varying from 5-7 years and is available for long-term requirements of businesses such as setting up a new plant, acquisition of fixed assets, technology up-gradation, capacity expansion or substituting earlier high cost debt.
- Loan Against Property :
Irrespective of your business size and industry, sometimes business may require urgent funds either for some unforeseen expenses or to exploit an opportunity. The Loan Against Property (LAP) option can be a handy tool in such situations as it helps you to unlock the financial value of your immovable assets. It can either be used as a long term finance or Overdraft depending upon the nature of your requirements.
- Lease Rent Discounting :
With the help of Lease Rent Discounting (LRD) you can borrow against the future rent receivables from your properties. This option has been developed considering the growth potential of real estate across the country, especially in metro cities and urban centres.
|
|
|
|
|
| 4. Export & Import Finance |
| |
- Export Credit :
Export Credit is available to exporters having confirmed export orders or holding a confirmed Letter of Credit from a recognized Bank. Pre-shipment Credit is offered by way of Export Packing Credit at competitive rates of interest. Post-shipment Credit is available in the form of Export Bills Negotiation/Discounting and is offered to finance export sales receivables after the date of shipment of goods till the date of realization of export proceeds at a competitive rate.
- Import Finance :
Under Import finance, various types of non-fund-based facilities are available to the importers for facilitating imports into the country.
- Letter of Credit (Non-fund-based Facilities) & Bank Guarantee (Non-fund-based Facilities) :
Both Letter of Credit & Bank Guarantee are sanctioned to importers after assessing their requirement, credit worthiness, financial strength and other parameters being to the satisfaction of the Bank. We undertake non-fund-based exposure along with fund-based exposures.
|
|
|
|
5. Other Business Banking Products
Want to know more? |
| |
- Agricultural Project Funding :
Kotak Mahindra Bank supports agricultural projects. The land-based activities can be related to Horticulture, Floriculture, Vermiculture, Farm Mechanization etc.
- Trade and Forex Services :
You can access a wide range of trade services to facilitate your business needs and requirements. For example: Bill Collection Services, Remittances & ancillaries like Letter of Credit, Bank Guarantees, Forward contract etc.
- Cash Management Services (CMS) :
Kotak Mahindra Bank's Cash Management Services (CMS) aim at ensuring that your company has total control over its receivables and helps you derive optimal working-capital utilization. The CMS facility is available for more than 1000 locations across India.
- Institutional & Advisory Services :
We provide comprehensive research expertise and a broking platform to domestic and foreign institutional investors. We also offer the entire spectrum of advisory services on equity and debt capital markets, mergers & acquisitions, structured finance, financial sponsors and infrastructure.
|
|
|
