No matter where you are, Bank of Baroda has a growth plan for you.

Proud to be India’s International Bank.

Trade Credit Through Standby Letter Of Credit

  • Features

Following are the highlights of our product:

  • It helps the importer to obtain foreign currency funds from abroad by facilitating the issuance of a SBLC from our domestic branches in India who guarantees payment to the funding bank if the client fails to make the payment on the due date.
  • The product envisages to provide finance to those import transactions wherein documents are received by any Indian bank from any overseas Bank on sight/Usance basis under collection/under LC basis.
  • Helps importers import capital and non-capital goods by raising funds under this product route for up to 3/1 year or less respectively based on varying requirements of individual business.
  • Facilitates importer by providing them the competitive rate of interest on foreign currency funds raised through our wide network of foreign branches spread across the globe.

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