- Enjoy interest/profit payable on the amount used and the flexibility of a standby source of funds whenever required.
- You'll be tied against contracts secured from government bodies and reputable companies
- The contracts must be accepted by the Bank for financing
- Payment is to be channelled directly to the Bank
- Higher margin of financing
- Facilities are not on a revolving basis
- Short-term financing
- Interest/Profit rate is pegged against BLR/BFR