This type of LC provides a guarantee of payment to the beneficiary in case the applicant fails to fulfill their obligations. SBLCs are commonly used in international trade and construction projects, assuring payment in case of default.

This LC involves a confirmation by a second bank, typically the seller’s bank, to ensure the payment is made, providing an additional layer of security to the beneficiary.

With this LC, the original beneficiary can transfer a part or the entirety of the credit to another party, typically used in complex trade transactions involving intermediaries.

In contrast to a revolving loan, this type involves a one-time disbursement of funds with a specific repayment schedule and fixed terms.

These types of LC/FLC Limits cater to different financial requirements and offer varying terms and conditions to suit the diverse needs of businesses and individuals engaging in trade, commerce, or seeking financial support. Depending on the specific nature of your financial needs, one of these options may be more suitable than the others.

RLOC is a type of LC that can be used multiple times within a specific period. As the credit amount is used, it becomes available again for further use after repayment, providing a revolving line of credit for businesses involved in regular transactions.

This type of LC doesn’t involve a second bank’s confirmation. The payment assurance solely relies on the issuing bank’s credit.

This is a funded loan arrangement where the borrower has access to a set amount of money, similar to a line of credit, with the flexibility to draw, repay, and redraw as needed.