A Bank guarantee (BG) is a promise from a bank/NBFC that the liabilities of a debtor will be met in the event that you fail to fulfill your contractual obligations. With a BG, assets are safe and secured & only waged if the other party in the contract fulfills the designated words agreed upon.
Chandra Credit Ltd. has been in the business for almost two decades and has come a long way after beginning its journey perhaps in one of the tough and challenging times. We help our patrons to find perfect solutions for fund requirement with professional excellence. Team Chandra Credit Ltd. specializes in project funding, funding for business, corporate finance, trade finance, debt syndication, structured funding & private equity and comes out with appropriate funding options. We are dedicated to delivering our best on our job with complete focus and reliability.
It's important to note that the specific requirements, costs, and benefits of bank guarantees may vary depending on the bank and the specific terms and conditions of the guarantee. It's advisable to consult with your bank or financial institution to get accurate information tailored to your situation and requirements.
Risk Mitigation: Bank guarantees mitigate risks by ensuring that parties fulfil their contractual obligations, reducing the likelihood of financial loss.
Credibility and Trust: Having a bank stand as a guarantor enhances the credibility of the applicant, instilling trust and confidence in business relationships.
Access to Opportunities: Bank guarantees enable businesses to participate in contracts, tenders, and trade deals that require such guarantees, expanding their market reach and opportunities.
Legal Protection: Bank guarantees provide legal protection, allowing the beneficiary to make a claim in case of default, providing a legal remedy for financial losses.
International Trade Facilitation: Bank guarantees are widely recognized and accepted globally, facilitating cross-border transactions and international trade.
Cash Flow Management: Bank guarantees allow businesses to avoid tying up their own capital as collateral, enabling better cash flow management and financial flexibility.
Remember, bank guarantees can be powerful tools for businesses, providing security, credibility, and facilitating smooth commercial transactions.