Corporate and Commercial Credit Products
Always with you
You don’t have to worry about your lack of funds or financial means, that’s why we are here.
Overdraft FacilityBy making a credit agreement with BoA, account holders can withdraw more money than what they have in their account for their operational needs of viable and ongoing business.The facility includes:Regular O/D Overdraw on a regular O/D Overdraw of one’s current account
Merchandise Loan Facilities
This is a short-term credit facility, availed to customers against physical pledge of merchandise or documentary evidence(railway receipt, warehouse receipt, airway bills, and the like). If you are an investor or a merchandiser, you must not suffer in the thought of cash flow problems and then lack of funding. BoA will take care of that for you and give you a breathing space.
Import letter of Credit Facility
Is a credit product that extended to the applicants who are engaged in import business, or other applicants who import for various purposes on payment of certain percentage of the value of the documents while opening a Letter of Credit.
Import L/C Settlement Loan
What is the most faced problem for importers? Lack of capital. The Import settlement loan is a loan designed to address that specific shortcoming and settle the L/C opened but have remained outstanding because of her or his temporary shortage of cash for the settlement. If you are an importer, then BoA will extend loans to relieve you of your working-capital shortage.
Warehouse receipt financing
It is a financing mechanism in which BoA provides loans or advances for members and clients of ECX by pledging the warehouse receipts issued in their names by the ECX.
The best financial choice
This finance is designed to boost working capital or project finance to be repaid within a specific time usually with interest. BoA is engaged in delivering unsurpassed working financing credit to ensure the smooth running of businesses with Short, Medium, and Long-term loans.
Motor Vehicle, Machinery, and Equipment
loan Investment financing for Enterprises operating in an industrial park
Agricultural term loan
Consulting firm financing & others
Pre-Shipment Export Credit Facility
It is a loan extended for purchase of raw materials, processing and converting them into finished goods, warehousing, packing and transporting the goods until the time of shipment.
Advance against Export Bills
This is a facility advanced to reputable corporate/SME customers of the BoA, who are involved in the export business to finance their short-term financial needs in their export activities upon the presentation of all their export documents, except the bill of loading.
Loan to Micro finance Institutions
BoA extends credit to micro-finance institutions to alleviate their financial constraints in providing credit to micro-entrepreneurs, thereby enhancing their lending capacities.
Project financing/partial financing
BoA offers projects like infrastructure and industrial projects in credit financing. If you have a project you want to engage in but lack the financial means to achieve it, BoA will offer you the chance to do as such.
Export and import financing
For individuals and companies involved in the import-export sector. BoA will send funds to use as a deferred payment. While you worry about your export materials, BoA will ensure your products don’t lag behind because of finances. Similarly, through import financing, BoA will make payments for exporters so that importers don’t struggle with payments. This will give you time to take your time with your finances and it later time settle with BoA.
is financing offered by a group of banks or lenders that fund fragments of a loan for an individual borrower. When a bank is unable to fulfill a credit request alone, BoA will be able to provide such financing.