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SME Loans (Small & Medium Enterprises)
(Turnover Up To 250 Cr)

Be assured of finance, the way it is best suited to your business,
through hassle-free credit and trade services

Apply Nowfor 'SME Loans' Track Status

LCBN Power

Boost your firm’s liquidity with hassle-free quick bills discounting

Overview

The LCBN Power programme offers Quick Discounting of Bills of Exchange, helping provide the required liquidity to your company/firm. By extending post-sale credit against its receivables it also presents an opportunity to the company/firm to offer better credit terms to its buyers.

Key Highlights

This program is available to all business units including MSME units engaged in manufacturing, trade and service activities.
Limits under this program can be clubbed with any other Program of Commercial Banking Group (restricted to a combined limit of Rs. 10 Cr.)

Features and Benefits

Turnover - Upto Rs. 100 Cr.

Limits - Upto Rs. 50 Cr.

Product Offerings - Usance Bills (max. tenor upto 180 days) under LC.

Collateral - No Collateral required.

Documents Required:

  • Last 2 years audited financials.
  • KYC Documents .

*additional documents may be requested basis Axis Bank Policies.

Purpose

The Negotiation of Bills backed by LC providing bill finance facility to constituent borrowers and non-constituent borrowers*


*Subject to specific program conditions