K&S Loan Mentors
K&S Loan Mentors in the business since 1998.
K&S Loan Mentors in the business since 1998.
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A bank guarantee is a risk management tool in which the bank assures to cover the losses to a contract between two external parties if the debtor fails to do so. In other words, a bank guarantee is a facility where the bank takes responsibility on behalf of the customer for various business obligations and promises to cover the losses if the customer fails to do so. It is taken by businesses to protect the third party from any financial losses.
If want to apply for a Bank Guarantee, you must meet the following criteria.
| Age Limit | The applicant should be min 21 years & max. 65 years. |
| Income | Business should be profit making at least for the past 3 years |
| Turnover | Rs. 250,000 p.a. should be the minimum annual income |
| Co-applicants | Business should be profit making at least for the past 2 years |
| Audited | We accept only audited financials by CA. |
| Cash flow | On the other hand, we denounce with righteous indignation. |
| Type of the Business | Proprietorship, Partnership, Pvt.Ltd. or Public Ltd. |
If want to apply for a bank Guarantee, you must have the following document.
Your entire borrowing process simple and user friendly You can get your loan funded in as little as 48 hours
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
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Have questions? Here’re the answers.
No, you may need collateral which may be in the form of stocks, bonds, or cash accounts to get a bank guarantee.
There are two types of bank guarantees i.e., financial guarantees and performance guarantees.
Yes, you need to pay interest to avail of a bank guarantee and that will depend on the type of guarantee and its value.