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What is Corporate Credit Channel NON-FUND BASED LIMITS?

Union Bank offers various types of non-fund based limits

Bank Guarantee

  • We issue Bank Guarantees on behalf of our customers guaranteeing their performance and also financial obligations.
  • We issue domestic BGs and also Foreign BGs

Letters of Credit

  • Both domestic LC and Import LC for procurement of goods and/or fixed assets on DA/DP basis are offered.
  • At a competitive LC commission

Letters of Comfort for availing the Buyers Credit

  • We issue Letters of Comfort to enable our clients to avail Buyers Credit from overseas Banks/FIs for procurement of goods or fixed assets

For further details & financing costs, please contact our nearest Large Corporate Branch