Promise of Credit Line & Credit Cofirmation


Product Description

Promise of credit line
It is a facility whereby the lender is expected to ensure that if the clients win the market they are bidding for, or if the clients have any other financial engagement to be ensured by the lender, the bank will facilitate them to get a credit line subject to meet current eligibility criteria. This type of guarantee does not commit the bank.
Credit confirmation
By credit line confirmation the bank is confirming that the customer has already the credit line by precising the amount and its maturity date.


Features
  • Commission of 30,000+VAT is paid on demand.
  • Promise of credit line facility is given up on the supplier demand.
  • Having credit line in place for credit line confirmation.

Benefits
  • Attractive commission.
  • TAT of 2 days.
  • Bidding to the tender.
  • Signing tender contract and its execution.

Requirements
  • Application letter.
  • Company Registration Certificate/ID copy of the applicant and his guarantor.
  • RRA Tax Clearance Certificate.