Corporate Credit Services at Axis Bank

CORPORATE CREDIT SERVICES AT AXIS BANK

1. Large Corporates

Working Capital Finance

Axis Bank offers working capital finance by way of cash credit, overdraft or working capital loans suitably structured to customer needs.

Term Loans

The demands of business expansion and upgradation of existing facilities can put considerable pressure on the finances of a company.Axis Bank can structure credit solutions to meet specific short-term or long term funding requirements.

Trade Services

Over the last few years Axis Bank has emerged as one of the leading banks in providing trade finance services, providing a gamut of products for both exports and imports. They serve a wide range of customers across varying industries, segments and regions.

Structured Finance

Axis Bank provides tailor made solutions to meet our clients' requirements, while mitigating the credit and price risk at the same time.

Supply Chain Management

Axis Bank provides integrated commercial and financial solutions to the supply and distribution channels of a corporate. They offer Channel financing products that extend working capital finance to dealers or vendors having relationships with large corporates.

Overseas Transactions

Axis Bank through its existing overseas branch at Singapore provides the following services:

* ECBs

* Acquisition Financing

* Loan Underwriting and Syndication

* Buyers's and Suppliers's Credit

* Back-to-Back LCs

* Other Structured Trade Finance Products

These services will soon be extended on commencement at our proposed branches at HongKong.

2). SME Fast Track.

* Business Loan for Property

It is an EMI based term loan and can be availed by Partnership firms, Private Ltd. Companies and Trusts.

* Enterprise Power

Axis Bank's Enterprise Power is a unique product designed keeping in mind the business requirements of Micro and Small Enterprises (MSE).

* Equipment Power

This product is a term loan facility with a tenor upto 48 months for purchase of construction, medical and office equipments. There is a standard list of equipments, which the Bank would finance under the scheme and the maximum exposure permitted under the product is Rs. 100.00 lacs.

* Zero Collateral Loans to SSI Units (ZCL)

Collateral free product to facilitates the MSE and software/IT related services to avail both working capital and term finance from the Bank. The facility is secured by guarantee cover of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGMSE). Maximum loan amount under the product is Rs. 50 lacs.

3).SME Standard

For a business on the growth phase with a wide range of opportunities to explore for SME businesses that include Micro & Small Enterprises(MSE), timely availability of credit is an integral ingredient needed to scale new heights. At Axis Bank they understand this and endeavor to be not just a bank but also your financing partner, so that you focus on your business needs whereas they cater to your financing needs.

* Cash Credit

They offer Cash Credit facilities to meet your day-to-day working capital needs. Cash Credit is provided against the primary security of stock, debtors, other current assets, etc., and/or collateral security of movable fixed assets, immovable property, personal or corporate guarantee, etc. Interest is charged not on the sanctioned amount but on the utilized amount.

* Working Capital Demand Loan

They also provide working capital facilities in the form of Working Capital Demand Loan instead of cash credit facility. The primary or collateral security will be as mentioned in cash credit facility. Here also interest is levied on the amount drawn rather than on the amount utilized.

* Export Finance

They provide finance for export activities in the form of Pre-Shipment Credit against firm order and or Letter of Credit and Post shipment credit. Credit is available for procuring raw materials, manufacturing the goods, processing and packaging the goods and shipping the goods. Finance is provided in Indian or foreign currency depending upon the need of the borrower.

* Short Term Loan

You may enjoy Working Capital facilities to meet your day-to-day working capital needs and Term Loan for your capex. However there may be occasions where you may need ad hoc or short-term finance for general corporate purposes, meeting temporary mismatches in working capital or for meeting contingent expenses. In such situations they provide Short Term Loans for tenure upto a year so as to ensure that your business runs smoothly.

* Term Loan

Given the growth opportunities your business enjoys you may need long-term funds for capex or capacity expansions or plant modernization and so on. Keeping these requirements in mind they provide term loans upto acceptable tenor with suitable moratorium, if required, and repayment options structured on the basis of your estimated cash flows. These loans are primarily secured by a first charge on the fixed assets acquired through the loan amount. Suitable collateral security is also taken