Supplying Facilities

Supplying Facilities
1. Business and Commercial loans: They are granted to the customers who are operating in those fields, in order to supply their needs.
2. Personal loans: This loan is granted to those who hold account with the Bank.
3. Guarantee letters: Customers can approach the related Bank Saderat Iran Branch and request for issuing the above guarantee. Our branches will issue the requested guarantee letter, taking into consideration the condition of the customers' accounts.
LOCAL CHEQUE DISCOUNTING
The Bank provides finance to the customer against the presentation of post dated cheques drawn in his .favour by acceptable third parties.
OVER DRAFT
A flexible facility in a current account (common by known as overdraft account) is to be allowed by granting a regular credit limit for a specified period of time.
PERSONAL LOANS
A loan to an individual as opposed to a business loan. These are allowed to the bank's individual customer employed with reputed organization.
BUSINESS LOAN
This refers to funds loaned to a business entity for a specified time. The repayments can be made in lump sum or in installments as per prior agreement.
GUARANTEES:
POST DATED CHEQUES CERTIFIED GOOD FOR PAYMENT
Usually issued for valued customers, the bank certifies their postdated cheques as "Good for payment" to assure the payee that it will receive funds upon presentation of the specified cheque.
TRADE LICENSE GUARANTEE
The bank assists its commercial customers in obtaining trade license by issuing appropriate guarantees in power of the Economic Department.
PERFORMANCE BOND
Normally, once a Bid is accepted, the bid bond is replaced by a performance bond. This is an undertaking that should the seller fail to carry out the terms of the contract then the buyer may claim & certain amount of money.
TENDER BOND
The purpose of a Tender Bond (also known as Bid Bond) is to substantiate the financial standing of a person submitting a tender. It is required to be issued in connection with the tender & its normal characteristic is an under taking to pay the beneficiary a fixed amount within a stated period on his simple written demand if the contractor has not accepted the award.
ADVANCE PAYMENT GUARANTEE
In contacts, the contractors take mobilization advances from the employers to commence work on projects. In order to obtain this payment the contractor is required to produce on Advance payment Guarantee.
FINANCIAL GUARANTEES
A commitment issued by the bank to the third parties whose main characteristic is an undertaking to meet any claim from the beneficiary up to a fixed sum on simple demand if the customer fails to fulfill its financial commitment.
SHIPPING GUARANTEE
An indemnity issued by the bank to a shipping company at the request of the buyer demanding the release of shipped goods in the absence of shipping documents.
LOAN AGAINST IMPORTED GOODS (TR)
T R loans are related to import transactions and should be considered only to those good customers who have been granted a credit line for opening of import sight letter of credit.
PRE-EXPORT FINANCING
This financing is done to provide the exporter with funds for supplying the goods to be exported.