• Achieve the flexibility to buy almost anything you want
  • You can spread the cost to suit your budget, with fixed monthly repayments to meet your needs.
  • To meet personal requirement of any nature
  • Easy maximum instalments
  • Interest maximum 20% p.a for secured loans and 21% p.a for unsecured loans

Loan Against Deposit
  • Bank of India instant loans against bank’s fixed deposit receipts.
  • To meet urgent unforeseen needs for short periods.
  • Nominal interest of +2% p.a over Deposit Rate
  • Interest for loan amount period only.
  • Repayment as per customers wish.


The facility is renewable on an annual basis.

The facility is secured by acceptable collateral as stipulated in BOITZ’s Credit Policy.

Different types of Standby Letters of Credit/Guarantees offered by BOITZ
  • Bid Guarantees (Bid Bond)
  • Performance Guarantees (Performance Bond)
  • Advance Payment Guarantees
  • Retention Guarantees/Advance Payment Holdback Under Contract Guarantees
  • Financial Guarantees
Key benefits :

Improves your cash flow

Eliminates or reduces the need to give a beneficiary, with whom you have entered into a contract, cash collateral or other security to support the performance obligations under the contract May eliminate the need for you to prepay for products or services, which allows you to use your funds for alternate purposes before payments become due A bid or performance guarantee may help you win contracts by providing the company with financial security of payment


BOITZ has expertise in structuring Standby Letters of Credit/Guarantees to meet your business needs while helping to protect your interests to the extent possible in the circumstances We can customize our formats to suit your needs, subject to Bank's requirements

Is it for you?

Standby Letters of Credit/Guarantees may be for you if you :
Do business domestically or internationally with government or other entities Enter into contracts/agreements, which require you to provide cash, collateral or other security to another party to support your business transactions or to meet specific financial or performance obligations

  • Credit Grading Methodology
  • Longer tenor of upto 3 years
  • Attractive interest rates
  • Quick turn around time