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Bank guarantee & letter of credit in Pune
Non-fund based facilities that support tenders, contracts and trade payments.
About this facility
A Bank Guarantee (BG) is a lender's undertaking to pay a beneficiary if the applicant fails to meet an obligation, commonly required for tenders, contracts and advance payments. A Letter of Credit (LC) assures a seller of payment once agreed documents are presented, and is widely used in domestic and international trade.
These are non-fund based limits, usually sanctioned alongside working capital and typically backed by margin money or collateral. We help you understand the requirement, prepare documentation and approach suitable lenders. This service is offered where available through partner lenders.
Offered where available through lenders; subject to lender policy.
Who it suits
- Contractors and suppliers bidding for government or corporate tenders
- Importers and exporters
- Traders purchasing on credit from new suppliers
General eligibility considerations
- Established business with satisfactory banking relationship
- Margin money / collateral as per lender policy
- Contract, tender or trade documents supporting the requirement
Indicative only. The lender's policy and the official rules prevail.
Indicative documents
- KYC: PAN and Aadhaar of applicant(s), photographs, address proof
- Business proof: Udyam registration, GST registration, shop/trade licence or incorporation documents
- Income tax returns with computation for the last 2 to 3 years
- Audited / CA-certified balance sheet and profit & loss statement
- Bank statements of all operative accounts for the last 6 to 12 months
- Tender document / work order / purchase contract
- Import/export code (IEC) for international trade, where applicable
How we help
- 1
Understand your requirement, business profile and repayment capacity in a free initial discussion.
- 2
Share an indicative document checklist and help you organise financial records.
- 3
Explain suitable facility types and lender options so you can decide with clarity.
- 4
Assist with application preparation and coordination with the lender you choose.
- 5
Keep you informed until the lender communicates its decision.
Frequently asked questions
Is a bank guarantee the same as a loan?
No. A BG is a non-fund based commitment; money flows only if the guarantee is invoked. Lenders still assess it like a credit facility and charge a commission.
Serving Pune, Pimpri Chinchwad & nearby
From our Rahatani office we help businesses and families across PCMC, the Hinjewadi IT corridor and the Chakan, Bhosari and Talegaon industrial belts.
- Bank Guarantee / Letter of Credit in Pimpri Chinchwad
- Bank Guarantee / Letter of Credit in Wakad
- Bank Guarantee / Letter of Credit in Pimple Saudagar
- Bank Guarantee / Letter of Credit in Hinjewadi
- Bank Guarantee / Letter of Credit in Baner & Aundh
- Bank Guarantee / Letter of Credit in Chakan
- Bank Guarantee / Letter of Credit in Bhosari
- Bank Guarantee / Letter of Credit in Talegaon
- Bank Guarantee / Letter of Credit in Ravet & Nigdi
Abhigamyah Fins is a loan consultancy. We are not a bank or lender. All lending decisions, interest rates and terms are decided solely by the relevant lender. Loan approval is not guaranteed.
Discuss your requirement with us
Share a few details and our team will call you back to understand your requirement. No obligation.