Saturday, April 29, 2017

What are different types of Credit?

Answer:


01. Funded Credit

  •  Loan (G)/ Term Loan
  •  Hire Purchase
  •  Lease finance
  •  Cash Credit (Hypo)
  •  Loan against Trust Receipt (LTR)
  •  Payment against documents (PAD)
  • Packing Credit (PC), etc.

02. Non Funded Credit

  • Letter of Credit (L/C)
  • Guarantee (BG, PG)
 

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