Our businesses are like football team, each player needs to contribute towards that winning goal.
One of the key driver for any business is finance, a right lending partner could help you never miss opportunities.
Choose Bokdia Finance as the right lending / funding partner which has more than 40+ years of experience in this field.
We at Bokdia Finance as part of our work culture constantly educate our clients the basic difference between a Good Debt Vs. Bad Debt.
In short any debt is good as far as someone else is paying the interest for it or the subsequent debt adds value (Tangible or Intangible).
For check if you are laden with Good or Bad Debt visit us at http://www.BokdiaFin.in or call us at 9150132003.
Bokdia Finance, Lenders of Good Debt.
What is Gold Bond:
Sovereign Gold Bonds (SGB) are government securities denominated in grams of gold. The bonds are issued by Reserve Bank of India on behalf of Government of India and it substitutes holding of physical gold. SGBs carry sovereign guarantee and are classified as government securities.
Last week a manufacturer of recycled plastic granules approached Bokdia Finance for a working capital loan. During the course of our 1-2-1 meeting, we discovered that she held Government issued Sovereign Gold Bonds.
We directed her to approach the issuing bank to avail gold loan by pledging the Bond. The issuing bank recieved first such loan request (after the Government came out with SGB schemes) and due to some technical difficulties it could not process the loan.
The promoter asked us if we could help her in providing Business Loan against the SGB. We processed her application in less than One business day and disbursed working capital term loan which is payable in easy monthly installments through her bank account.
The manufacturer was impressed with the fact that Bokdia Finance had an option to foreclose / pre-close the loan at any given point of time. This suited well for her business as it had multiple bills receivable.
Bokdia Finance & Estate arguably became the first Private Financier / lender in Chennai to provide business loan against Sovereign Gold Bonds.
Call us at 9150132003 or visit or website http://www.BokdiaFin.in