Overdrafts: An overdraft means overdrawing from a current account. In simpler words, an account holder takes out more money that has been deposited in the account. An agreed rate of interest will be charged if the overdrawn amount is within the limits of a preceding agreement

Term loans: Currently many types of term loans are available such as short term loan, long term loan and other intermediate loans. An entrepreneur can avail these loans according to his/her requirements and economical position. Mainly the loan tenure for a short term loan is 3 years and for long term loan it is 10-15 years, there will be some variations in the interest rates of both the tenures

Term loans are divided into two parts that is unsecured business loans and secured business loans. In secured loans, the collateral or security can be a certain property, machinery or a business ground and they will usually possess lower interest rates as compared to an unsecured one.

Bill discounting: This process gets you instant cash back on your large purchases and you get discount on the credit sales. All you need to do is to submit the important documents which validate your transactions like invoices, transportation receipts, lading bills etc.

Letter of credit: A letter of credit is issued by the buyer’s bank which declares that a seller will receive the payment in full when all the terms and conditions regarding sale and delivery have been completed. This situation generally arises in international business finance where seller and buyer are unknown to each other, t