Letter of Credit
Letter of Credit
A letter of credit (LC) is a trusted trade finance tool widely used in domestic and international transactions. It guarantees payment to suppliers upon fulfilling agreed terms, minimizing risk for both buyers and sellers. LCs empower businesses to expand trade relationships with confidence.
YOUR LOAN IN 4 EASY STEPS
We Make Simple Process To Get Good Results
01
Apply Online
Fill out a simple form with basic details.
02
Submit Documents
Upload required KYC and income proofs digitally.
03
Get Approval
Application reviewed and approved within 24 hours.
04
Receive Funds
Loan amount disbursed directly to your account.
FREQUENTLY ASKED QUESTIONS
Know Before You Apply
It ensures suppliers receive payment after delivering goods or services under trade contracts.
Scheduled commercial banks and certain authorized financial institutions issue letters of credit.
Invoices, shipping documents, contracts, and buyer-seller details are required to initiate LC.
Generally valid for 90–180 days depending on trade contract and bank.
Yes, letters of credit are issued for domestic as well as international trades.
Charges include bank commission, document handling fees, and applicable forex conversion charges.