Generic SME Products
Working Capital Finance:
UCB offers working capital finance by way of:
- Cash credit
- Working capital loans
These are suitably structured to your needs and your risk profile as a part of consortium or as a sole banker. These products are designed to ease the liquidity position of the client.
Letter of Credit:
Whether you are an exporter or an importer, UCB offers an array of services to meet your Letter of Credit requirement which includes:
- Opening, Negotiating or Discounting
- Advising, Confirming, Reimbursement
- Foreign Exchange services
UCB offers post import finance to the importers in the form of Loan against Imported Merchandise (LIM), Loan against Trust Receipt (LTR), and Payment against Documents (PAD).
House Building Finance
UCB provides House Building Loan (HBL) for:
- Commercial purposes
- Real Estate Development Finance
Other SME Loans
UCB provides Hire Purchase (HP) facility to finance capital machinery, equipment and vehicle of industrial and other business units. In a Hire Purchase facility the borrower agrees to take the machinery and equipments on hire at a stated rental on an agreed tenure payable in equal installments that includes both principal and interest. Once payments of all required installments are made the ownership of the goods is transferred to the borrower.
UCB also provide loan under lease agreement to finance capital machinery, equipment and vehicle to the manufacturing and other business units. In this case the leaseholder is given the exclusive right to use the leasehold asset for an agreed period of time against payment of rent.
UCB is extending its facility to the transportation sector by providing transport loan to help purchase vehicles used in the public transportation services.
Work Order Finance
UCB provide work order finance for execution of work order against assignment of work order/bill for implementation of contractual works. This facility is provided both in funded and non-funded form for both short and medium term as Overdraft against Work Order or OD (Work Order), Performance Guarantee (PG), Advance Payment Guarantee (APG), Guarantee against Retention Money, Earnest Money, and Bid Bond.
Purchase of Bills
UCB purchases export documents against valid Sight/Usance Export L/C and Local Usance L/C under the head of Local Documentary Bills Purchased (LDBP) as Post-shipment finance.
UCB provides both foreign and local Letter of Guarantee on behalf of our valued customers. Our guarantee services include Bid-Bond, Performance Guarantee, Advance Payment Guarantee, Customs Guarantee, Shipping Guarantee, etc.