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  • Proposal For BIL

    Uploaded by

    Dinesh Rupani
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    Radiance Financial Services is offering a non-fund based facility of ₹3 to 5 crore with a tenure of 12 months renewable annually at an average interest rate of 9.8% to 10.25% per annum. The offer includes a fund based overdraft facility and letter of credit that are fully fungible with a margin of 10% and opening charges of 0.9% to 1% annually. The first monthly installment will be due starting the proceeding month after a 45-day moratorium period. Security includes a demand promissory note and personal guarantee with no other collateral required. The offer is valid for 7 working days.

    Original Description:

    proposal for the bll @ radius

    Original Title

    Proposal for BIL

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    Radiance Financial Services is offering a non-fund based facility of ₹3 to 5 crore with a tenure of 12 months renewable annually at an average interest rate of 9.8% to 10.25% per annum. The offer includes a fund based overdraft facility and letter of credit that are fully fungible with a margin of 10% and opening charges of 0.9% to 1% annually. The first monthly installment will be due starting the proceeding month after a 45-day moratorium period. Security includes a demand promissory note and personal guarantee with no other collateral required. The offer is valid for 7 working days.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    Download as doc, pdf, or txt
    7 views1 page

    Proposal For BIL

    Uploaded by

    Dinesh Rupani
    Radiance Financial Services is offering a non-fund based facility of ₹3 to 5 crore with a tenure of 12 months renewable annually at an average interest rate of 9.8% to 10.25% per annum. The offer includes a fund based overdraft facility and letter of credit that are fully fungible with a margin of 10% and opening charges of 0.9% to 1% annually. The first monthly installment will be due starting the proceeding month after a 45-day moratorium period. Security includes a demand promissory note and personal guarantee with no other collateral required. The offer is valid for 7 working days.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 1

    RADIANCE FINANCIAL SERVICES

    Indicative Offer Only

    We are pleased to offer you NFB Proposal on the terms and conditions as mentioned below:

    Total facility Amount ₹ 3 to 5 crore


    Type of Facility Fund Based + Non-Fund Based – OD + LC (fully fungible)
    Serviced Monthly
    Tenure & Payment 12 Months renewed annually

    Average 9.8% to 10.25% p.a., Margin 10%, Opening


    Rate of Interest & Charges Charges – 0.9% to 1% p.a.
    Monthly Installment Starting from proceeding month of disbursement (i.e.
    Banking Date moratorium period of 45 days)
    Insurance Optional
    No collateral security, only required procedure has to
    be maintained
    Security
    Demanded Promissory Note executed by the Borrower
    Unconditional & Irrevocable Personal Guarantee
    Advance EMI Depends
    Lender MNC Bank
    Up Front Fees NIL

    Processing Charges Processing Fees & Legal


    Mode Of Payment NACH
    Offer Validity The above offer is valid for 7 working days only.
    Disbursement Disbursement will be in Company’s Working Capital A/C

    If you require any further clarifications, please call us on Customer Service No:
    022- 2801 0175 / 7045046169
    We will be glad to assist you. Assuring you of our best services always

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