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Loan Against Trust Receipt (LTR)

This facility is provided as post import finance for retirement of shipping documents so that the importer can release the goods imported through L/C. LATR is allowed against import of trading items/ industrial raw materials The facility is allowed on trust with the arrangement that sale proceeds (of the goods) will be deposited for adjustment of the loan account within the stipulated time.

As per the approved terms and the Bank's prevailing interest/profit rate and charges.

Existing/eligible SME customers with satisfactory credit standing and an approved LTR limit, subject to assessment of transaction, repayment capacity and underlying goods.

as per sacntion

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