Loans & Advances
We can offer the following credit facilities to Corporates in or Outside UAE in any currency other than Dirham (AED).
We offer various Trade Finance Facilities which include funded and non funded credit lines with sub limits for Letters of Credit(L/C), Bank Guarantees (BGs), Trust Receipts (TRs), Demand Loans( DL) etc.
We offer competitive rates for discounting of Bills under Letters of Credit for a Tenor up to 180 days. Bills of even longer period tenors could be considered subject to RBI approval.
Benefits of discounting the Bills with us:
State Bank of India's expansive reach, stretching across continents and time zones translates into faster communication, quicker realization of proceeds etc.
Effective and personalized service.
Discounting Facility at competitive LIBOR linked Interest rates.
We cater to the Medium/Long Term requirements of Industrial Corporates through matching bilateral Term Loans. Term Loans are normally arranged for funding of the following requirements:
- High value import of capital goods like Plant and machinery.
- Low cost Foreign Currency requirements of new projects/expansion.
- Augmentation of Working Capital.
We can structure the term loans on various parameters such as tenor, repayment, pricing security package etc. depending on the specific requirement of the corporate.
Gulf is an upcoming market where large projects are being undertaken both in the Industrial and in Infrastructure sectors. We extend financial assistance to green field projects on bilateral basis as well as in association with other banks. We assist entrepreneurs right from the stage of conceptualisation to execution of project
We provide financial advisory services and arrange syndication of loan requirements for Indian and overseas Corporates. We also participate in syndications of corporate loans arranged by our international banking partners for short and medium term requirements.
We will also consider “Buyers Credit” on a case to case basis.