Line of Credit

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165+

YEARS OF EXCELLENCE

3.8+ Cr.

ACTIVE CUSTOMER BASE

1300+

BRANCHES ACROSS INDIA

₹3.9 Lakh Cr.

AUM AS OF JUNE, 2023

Line of Credit

A line of credit, is an arrangement between a financial institutions, and a customer that establishes a maximum loan balance that the lender permits the borrower to access or maintain a customer may draw upon the available line of credit, provided that the amount does not exceed the limit. Money borrowed on the line of credit must be paid back within a specified timeframe, at a specified interest rate. Unlike a loan, however, only the money actually drawn (or used) on a line of credit is charged

What do we offer?

Supply Chain Financing

This enables you to convert your receivables into cash, improves liquidity, and enables continuous cash flow. This solution provides finance by discounting the sales bills of your vendors or your purchase bills.

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Secured Business Loan

We offer Working Capital Demand Loan, Term Loan, and Transaction Banking Facilities with our bankers, Line of Credit, and Business Loans with flexible repayment options at a lower rate of interest.

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Unsecured Business Loan

Provide higher loan amounts that start with lower EMIs that gradually increase, easing the initial financial burden. It is suitable for younger buyers who are expecting rising incomes over time

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Working Capital De,a

Having working capital to run a business may not be always possible. Explore the option of our Working Capital Demand Loan to meet your SME’s financial needs.

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FAQs

A LOC is a predetermined borrowing limit that can be accessed anytime. The borrower can withdraw funds as necessary till the given limit. In the case of an open line of credit, repaid amounts can be borrowed again.

Personal Line of Credit
Business Line of Credit
Secured Line of Credit

A LOC can serve various purposes, such as covering wedding or vacation expenses or addressing an unforeseen financial emergency.

The timely repayment of a line of credit loan significantly influences your credit score, leading to an increase and improvement in your credit score and history. Alternatively, failure to repay your LOC on time can have a negative impact, causing a drop in your credit score.

To apply for a line of credit, simply visit our branch, submit all necessary documents, and undergo a credit score and income verification process. The approval of the request is contingent upon the applicant's credit score and income assessment. Once approved, the credit amount is determined, and the interest rate is based on the borrower's credit score, income, and provided security. You can explore the online line of credit option.

Proprietorship, Partnership, Public, and Private Limited Companies.

A loan is generally disbursed within 7-10 working days after the submission of complete and correct documents.

ABFL provides both short term and long term loans based on the business requirement of the client. This may range from 3 months to 12 years.

You can pay the processing fee through cheques/NEFT/RTGS facility.

Quick Services

Revision of Reference Rates for determining Interest Rates on loans given

Long Term Reference Rate

ABCL has increased its Long-Term Reference Rate (LTRR) by 20 bps to 20.45% p.a. with effect from March 1, 2024. The interest rate on the floating rate loans of tenor greater than 12 months that are linked to the LTRR will be revised upwards by 20 bps. The spread / margin on the said loans will remain unchanged.

Short Term Reference Rate

ABCL has increased its Short-Term Reference Rate (STRR) by 20 bps to 19.45% p.a. with effect from March 1, 2024. The interest rate on the floating rate loans of tenor up to 12 months that are linked to the STRR will be revised upwards by 20 bps. The spread / margin on the said loans will remain unchanged.