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
Just like the fingers in our palm which are unique and different, we believe each business is unique and different. Bokdia Finance provides Private Financing solutions in Chennai that’s suits the financial requirements of your unique business.
Bokdia Finance is a private Financing firm since 1962 committed in helping you grow your business. We provide Business Loans to Chennai’s Businesses for short term. Our products include short term loan, bridge Loans, working capital Loans with tailor made repayment solutions suiting the existing cash flow of the business. For more details visit our website http://www.bokdiafin.in or call Sushil Bokdia – 9150132003
Businesses can get their future loans pre-approved so that they can use it for their working capital requirements during the hour of need. As life is full of chocolates, we at Bokdia Finance help you when you receive the bitter dark chocolate.
Pre-Approved loans helps you save time and stress to raise funds when you require them the most. This helps you in not missing a single order and hence increases credibility of the business by delivering on time.