Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Trade Finance

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16.49% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Trade Finance is Rated as "Great!" by 77002 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    What is Trade Finance?

    Trade finance or trading loan is any financing that is provided for the purpose of conducting domestic and/or international trade between a buyer and a seller. Banks and financial institutions can be the providers of such financing and thus allow the transaction.

    This kind of financing may allow an extra level of protection to the buyer and a quicker access to the funds generated by the transaction for the seller. There can be a few specific types of loans that are based on or provide support to traditional trade loans. Such can be documentary collection, trade credit insurance, factoring and forfeiting.

    Products offered under Trade Finance

    A trade finance or trading loan availed from most banks will normally have one or all of the following products and/or services –

    1. Letter of credit – An undertaking or promise given by the buyer’s bank to the seller that if the latter presents pre-specified documents to the buyer’s bank regarding a transaction as per a purchase agreement, the buyer’s bank will make a payment to the seller
    2. Bank guarantee – An undertaking or promise wherein a bank stands guarantee on behalf of an applicant in favour of a beneficiary. If in case the applicant fails to deliver to the beneficiary on pre-specified terms or agreement, the guarantor bank will make a payment to the beneficiary upon receiving a demand or a claim. The different types of bank guarantee can be mentioned as follows –
      • Tender Bond
      • Advance Payment
      • Performance Bond
      • Financial
      • Retention
      • Labour
    3. Bill Collection and Discounting – Herein, the seller’s bank collects the payment from the buyer or buyer’s bank for the goods or services purchased

    Eligibility Criteria and Details for Trade Finance (Trade Loan) Options in India

    Globally, eligibility criteria for availing a trade finance remains more or less the same. Since it is a loan by all means, most of the regulations and requirements of a conventional trade finance remain standard. Based upon specific banks, additional criteria might come into play, but on an average, the following conditions, if met, qualify a customer to avail a trade loan without any hassle –

    1. Age – As with any kind of loan, the interested customer must be of legal voting age or above and allowed to conduct business, either in partnership or proprietorship
    2. Business Age – The minimum years required for a business to be functional varies from bank to bank, but could be anywhere between 2 years to 4 years

    A few of the necessary details that are common to most trade finance schemes are mentioned below -

    1. Loan Limits – These again vary with differing banks, lower limits being close to INR 15,000 to INR 30,000. The upper limits could be decided as per the need of the customer and the limits set by the bank. Generally, a maximum of INR 2 crores to INR 3 crores can be approved
    2. Loan Tenure – Tenures for repayment of the loan can be as high as 60 months and can be as low as decided by the customer or permissible by the bank
    3. Loan Security – Most banks will allow securities in the form of mortgaged land (excepting agricultural land), National Savings Certificates, government bonds or fixed deposits with the bank. Some banks might also accept life insurance policies in the name of the borrower, partner, proprietor or director as security
    4. Margin on Loans – Based on the security provided, the margin allowed by different banks could vary between 5% to 45% of the provided security

    Documentation required for availing a Trade Loan

    Being a Secured Loan, there are specific documents that need to be furnished for a borrower to avail a trade finance scheme without any hassle. The most common documents required while applying for a trade loan are as follows

    1. Balance sheet/profit-loss statement for the past 2 to 3 financial years
    2. Declaration of annual sales along with tax returns
    3. Assessment of sales tax/income tax
    4. Stock statements
    5. Proof of insurance of premises and/or stock
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  • Trade Finance Reviews

    • Bank Bazaar Customer Support
      "Great"
      0.5 4.5/5 "Excellent!"
      Great site, this will help the people to have one site with validation banks rather having different banks upload Need to have exposure from banks like how bankbazar reacts. Banks should also communicate the way bankbazaar works. All the best
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jul 23, 2017
    • Bank Bazaar Customer Support
      "Best of Services bankbazaar.com"
      0.5 5.0/5 "Blown Away!"
      I am happy to use this site because here, I get quick service online and calling also. I am using this every month for searching for all products like cards, loan offers etc. I am very much thankful to you bankbazaar also easy to use their online services.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 23, 2017
    • ICICI Bank Personal Loan
      "Very bad, bad and bad"
      0.5 0.5/5 "Unacceptable"
      Hi all, I am serving Army man and approached the ICICI bank for the personal loan. They neglect me very badly. I am feeling very much ashamed. In my whole life I will never have a relation with such bank as they say they respect army, In reality they treat us like goons. My middle finger salute to ICICI.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 23, 2017
    • Citibank Personal Loan
      "Personal Loan process from citibank, as it is highly charged"
      0.5 1.0/5 "Really Bad"
      I hate taking loan from Citibank, also I will try to drop all my transactions that I make with citibank. Please avoid citibank banking. They will highly charge you when you are in need. I have been using citibank since 5 years once I need a loan and went for credit card loan they charged me 6 % more from outside market. i don't have options at that time so I was forced to take it. I closed the loan in 3 months due to high interest rate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Good"
      0.5 5.0/5 "Blown Away!"
      The call was quick and the Process was Pushed quick and instant Approvals was also great submitting documents online best of all that I think saved a lot of time and paper work Keep up the Good Work All the Best!!!Would definitely Recommend you guys .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Superb"
      0.5 5.0/5 "Blown Away!"
      Instantly finished. Fast working. Process was very good. I don't know whether I am eligible for personal loan and also top up may be given to me or not. The bank bazaar mentioned the variation of each bank then only I select the best bank for emi rate of interest and repay the amount and also the eligibility, save money for a month, finally they are providing a T- shirt based on my review too.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Quick service"
      0.5 4.0/5 "Great!"
      Quick service in any aspect of any loans. Good service in all aspects of service related queries & good response on time.. Anyway many many thanks to bankbazaar for providing best service to their valuable customers.. I had a great experience with bankbazaar as I had received the calls on time to time regarding the process of my Loan application. It's a best oriented website giving all the facilities to takes different loans in all categories.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Waiting"
      0.5 4.5/5 "Excellent!"
      I'm waiting for my loan to be approved I'll provide best feedback if approved I'll be very much glad to refer my friends and family regards to bankbazaar so that in future any loans are required I'll try to contact bankbazaar for any help thanks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Personal loan "
      0.5 3.0/5 "Satisfactory"
      Great going...This is the fastest site to help customers. I am satisfied with this site...Well done and good job...nice services...I had a great experience and I got fastest reply. I hope you will continue giving this type of services to customers too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Thanks For Support My Credit Card application."
      0.5 5.0/5 "Blown Away!"
      I had got good response from bankbazaar on my loan application. I approached bankbazaar for my requirement and submitted my loan application on the website. On which they responded and provided a good service. Their website is good and it is easy to handle.
      Was this review helpful? 0
      , madurai
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Great and needful, its very simple "
      0.5 4.5/5 "Excellent!"
      Bank bazaar process is very easy and their representatives are also very kind .I love it, I will tell all my friend who need card and loan . It is a great source to find happiness !!! love it and I am very much happy with the site bankbazaar.com.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 21, 2017
    • Bank Bazaar Customer Support
      "Personal Loan"
      0.5 4.0/5 "Great!"
      I am very much happy with bankbazaar, it was a great experience too. I had received a call from your side with your nice warm welcoming words,,, it's great experience in my life. I am very happy for the same... I hope you would give the same sort of service for a long time,, very great work , Keep it up!!!
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 21, 2017
    • Bank Bazaar Customer Support
      "Nice App.Thanks For Support My Credit Card application."
      0.5 5.0/5 "Blown Away!"
      Thank You Bank Bazaar Team. I would suggest Bankbazaar to provide assistance in Marathi language too, as your executives always say "Sir please speak in English or Hindi''. I am not sure what is the problem conversing in marathi, please make sure all regional language operators are available to provide customers support .
      Was this review helpful? 0
      , pune
      Reviewed on Jul 21, 2017
    • HDFC Bank Personal Loan
      "Useless bank"
      0.5 0.5/5 "Unacceptable"
      Dont apply personal loan with HDFC. 1st they will call you telling, Sir you have a HDFC salary account so you are eligible PL for 3 lakhs, when i applied they said sir your personal loan is rejected as it did not met internal policies. My Cibil was 765 No other loans PAN CARD AADHAR is upto the mark Salary is 36K take home Address proof also is Authentic. Then why, they only say did not met internal criteria, if did not met that, why the hell you call at all asking us to take a loan with you(HDFC). Opt for ICICI or Axis guys don't use HDFC. Regards
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 21, 2017
    • Bank Bazaar Customer Support
      "Personal loan"
      0.5 4.5/5 "Excellent!"
      Hi this is jo , I have applied for the loan at bankbazaar loan as it is a very easy process for the personal loan , So, please you people also apply for the loan online through bankbazaar site. Also I am sharing this my friends , also I would like to thank bankbazaar for the same.
      Was this review helpful? 1
      , vijayawada
      Reviewed on Jul 20, 2017
    • Bank Bazaar Customer Support
      "GUIDANCE"
      0.5 5.0/5 "Blown Away!"
      This is the very first time I approached bankbazaar, also I am very much satisified with all their steps for searching for my product. It happens, some times where people would not be interested in doing online search, but here after gaining sufficient information I would recommend all my friends, relatives to give a try atleast once. My hearty thanks to the team Bankbazaar.com for providing their valuable time for their customers in a proper way. Hope they would get back to me with a favourable reply on time.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jul 20, 2017
    • SBI Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from State Bank of India and the process for it was smooth. I did not have much of a documentation process and also I did not get the loan on time. The rate of interest and processing charges were very much normal too. But on the other hand, after loan services were very much hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2017
    • Bank Bazaar Customer Support
      "Overall a good experience "
      0.5 3.0/5 "Satisfactory"
      The services rendered by bankbazaar is really great and I had a lot of follow up calls from them. The response was prompt from the moment I registered with them. It would have been better, if the companies whom they connect the customer too is also responsive. Lastly, the website is very much user friendly.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2017
    • Citibank Personal Loan
      "Not professional"
      0.5 1.0/5 "Really Bad"
      As a matter of fact, Citibank collected all my documents and after which they did not process my personal loan request and did not get back to me as well. It was not a very good experience as they were not very much professional. Not too sure on the interest rate and processing charges too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2017
    • Bank Bazaar Customer Support
      "I had got good response from bankbazaar on my loan applicati"
      0.5 2.5/5 "Just OK"
      I had got good response from bankbazaar on my loan application. I approached bankbazaar for my requirement and submitted my loan application on the website. On which they responded and provided a good service. Their website is good and it is easy to handle.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 19, 2017
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