Cash Credit:

It is a type of Fund based loan which is short term in nature and fixed in the limit. It is usually extended by our bank to a company to meet its working capital requirements. It is sanctioned as a running facility.

WCDL:

It is a short-term Loan for a period of 180 days given as a part of working capital facility. Loan can be repaid in bullet repayment or amortization basis.

• Kindly contact nearest IOB Branch for more details and your requirement.

Cash Credit Against Deposit:

It is a fund based short term loan given to business houses and corporates for meeting short term capital requirements. It is a running account facility and the loan is given against own Fixed Deposit account with IOB. Kindly contact nearest IOB Branch for more details and your requirement.

Demand Loan Against Deposit:

It is a fund based short term loan given to business houses and corporates for meeting business purpose requirements. The loan is given against own Fixed Deposit account with IOB. Repayment of the loan to be done in one bullet repayment at the end of the loan tenure. Kindly contact nearest IOB Branch for more details and your requirement.

Miscellaneous Cash Credit:

To encourage trade credit to those who cannot submit financial statements and to those, who find it difficult to submit monthly stock statement or where monitoring/inspecting of current assets are difficult on an ongoing basis, Bank is extending credit against immovable properties to the extent of 50% of the forced sale value of the property. Kindly contact nearest IOB Branch for more details and your requirement.

Bridge Loan:

Bank will sanction bridge loans to companies (other than Non-Banking Financial Companies and Residuary Non-Banking Financial Companies) for a period not exceeding one year against expected equity flows/issues. Kindly contact nearest IOB Branch for more details and your requirement.

Line of Credit:

The Bank shall consider Line of Credit for speedy delivery of credit to reputed corporate/Public sector undertakings. Kindly contact nearest IOB Branch for more details and your requirement.

Short Term Loans:

Corporates shall be looking for loans from Banks and Financial Institutions for

general corporate purposes. In order to meet their short term requirements short term loans are granted by the Banks.

Eligibility:

Constitution: Listed companies, Societies, Government Departments, Institutions, Statutory Corporations, Unlisted Corporates with . a record of growth in sales and profit for the last 3 years.

Rating: Rating should be at least not less than IOB 5 (Internal rating) or BBB (External rating).

Asset Status: The account should not have been classified as NPA during last three years.

Purpose:

1. To meet short term cash deficit of Corporates.

2. To meet Working Capital requirements.

3. For project related expenses.

4. Short term cash flow mismatches.

5. Not for investment in capital markets.

6. Not for any speculative purposes.

7. Not for any diversion of funds for any unapproved purposes.

8. Not for investing in unrelated real estate.

9. Not for investment in Associate firms.

10. Not for any purpose restricted by RBI/Govt. guidelines.

Repayment Period:

I. For fully secured advances, the repayment period shall be maximum 12 months.

II. For partially secured or not fully secured short term loans, the repayment period shall be maximum six months; however, if collateral security has been created within this period the loan may be extended for another six months.

Kindly contact nearest IOB Branch for more details and your requirement.

Non-Fund Based Working Capital Finance:

Bank shall provide NFB facilities to its customers based on the past performance and evaluation of the future need for the same as per borrower's business plan. Non Fund Based facilities are sanctioned by way of Letters of Guarantee, Letters of Credit, Standby Letters of Credit for imports· and domestic procurements, Trade Credits etc. Kindly contact nearest IOB Branch for more details and your requirement.

Letter of Credit

Letter of Credit is established on behalf of the customers for working capital needs such as procurement of indigenous and imported raw materials, etc. LCs are also established for capital expenditure of the constituents. The LCs are issued on Document against Payment (DP) or Document against Acceptance (DA) terms based on the requirements of the borrowers.

Features:

• Bank shall ensure that the applicant has adequate resources to -meet the commitments under the LC on the respective due date and wherever necessary, amortization schedule is stipulated.
• Margin as per norms to be provided.

Letter of Guarantee

Guarantees shall be issued by the Bank on behalf of customers only. Various Guarantees issued by the Bank depend upon the purpose (such as Performance, Bid Bond, Security deposit, Advance Payment, Shipping Guarantee etc.). Guarantees are issued on behalf of the customers, in favour of the beneficiary for fulfilment of commitments or for due performance of a contract or for due payment of monetary obligations by the customer.

STANDBY LETTER Of CREDIT(SBLC):

Standby Letters of Credit shall be issued in connection with payment of margin money in respect of approved commodity hedging transaction subject to terms and conditions as stipulated by the Reserve Bank of India from time to time. Standby letters of credit favouring overseas lenders for purpose of such as raising buyer's credit/ to facilitate wholly owned subsidiaries/ Joint Venture (JV) abroad owned by our customers shall be issued as per RBI guidelines issued from time to time. SBLC shall not be issued for purposes which are prohibited by RBI guidelines.

Solvency Certificate:

Solvency Certificate is required for providing to government authorities, other corporates in business deals, bids, etc. providing information about the financial stability of an individual/entity. Our Bank provides the same to its clients based on internal guidelines.

Project Financing:

Project finance is the funding (financing) of long-term infrastructure, industrial projects, and public services using a non-recourse or limited recourse financial structure. The same is given in form of Term Loan and Capex LC. Term loans are extended for acquisition of fixed assets like land, building, plant and machinery, vehicles, furniture and fixtures.

Kindly contact nearest IOB Branch for more details and your requirement.

Bills Financing

Purchase and Discount of Inland bills backed/ not backed by LC.

Kindly contact nearest IOB Branch for more details and your requirement.

Gold (Metal) Loans:

Bank lends Gold (Metal) Loans as per RBI guidelines.

Kindly contact nearest IOB Branch for more details and your requirement.

Takeover of Accounts

Our bank extends credit facilities to borrowers for closing accounts with other banks or takeover share of other banks in a consortium as per requirement of the borrower subject to fulfillment of Bank's internal guidelines.

Kindly contact nearest IOB Branch for more details and your requirement.

FOREIGN CURRENCY LOANS:

Working Capital Loan in Foreign Currency (WCFC)/ Foreign Currency Term Loan (FCTL):

Bank shall extend Foreign Currency Loans subject to availability of foreign currency funds as under:

I. Working Capital Loan in Foreign currency (WCFC) to meet the working capital needs of the borrowers towards cost of raw materials acquired locally or imported from abroad.

II. Foreign Currency Term Loans (FCTL) for capital expenditure.

III. Packing Credit / Bills purchase and discounting in Foreign Currency towards export credit as working capital.

Foreign Currency Loans Against FCNR(B) Deposits:

Bank shall extend Foreign Currency Loan against FCNR (B) deposits with 10% margin on face value of deposits. Such loans shall be given to the deposit holders or third parties.

Kindly contact nearest IOB Branch for more details and your requirement.

Export-Credit

Pre-Shipment Finance

Pre-shipment Credit also known as "Packing credit" is a loan/ advance granted to an exporter for financing the purchase, processing, manufacturing or packing of goods prior to shipment.

Kindly contact nearest IOB Branch for more details and your requirement.

Post-Shipment Finance

Post-shipment finance is an advance normally granted to an exporter of goods and services after shipment from India, till the date of repatriation of the export proceeds. The advance may be against shipping documents or on the security of duty drawback or export related receivables from Government of India.

Features

Kindly contact nearest IOB Branch for more details and your requirement.

Export Gold Card

Bank will issue Gold cards with line of credit for 3 years to eligible export borrowers having satisfactory track record.

Kindly contact nearest IOB Branch for more details and your requirement.

• Packing credit in Rupees.
• Running packing credit in Rupees.
• Packing credit in foreign currency.
• Letters of credit/guarantees for procurement of materials for export.
• Purchase of export documents under confirmed order.
• Discounting of export documents under L/C or confirmed order.
• Negotiation of documents under L/C.
• Post shipment demand loans against export bills sent for collection.
• Export bills purchase/discounting in foreign currency.
• Advance against export incentive receivables.