MSME/CGTMSE

Loans under CGTMSE Scheme – ING Vysya Bank provides Collateral Free Lending to MSMEs Backed by Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). Maximum Lending up to INR 1 Cr per borrower is allowed under this program. We also provide a host of trade services pertaining to
 

  1. Export
  2. Import
  3. Letter of Credit & Bank Guarantee
  4. Remittance Services
  5. Investment Services
  6. Hedging Solutions

Export Services

Export Advances

In today's highly competitive international trade, you need to provide longer and more liberal terms of credit to your importers. Keeping this in mind, we offer a wide range of export services designed to make your export business activities much easier.

You might require overseas importers of your goods to make advance payments for goods they are importing. You can ask your importers to send the payment to any of our branches. The payments will be credited to your account promptly and we will provide you with the best competitive rates for your remittances.

We have dedicated Trade Finance Desks across India where you can get the best services to help you with your export advances.

Export Collections

When you export goods, you need to receive payments for these goods. Our Export Collections service ensures that you get faster collections for all your export bills provided all the necessary documents that have to be sent to overseas banks for collection are in place.

With the additional help of our Trade Finance Desks that offer you the best professional services you can run your business smoothly and easily.

Import Services

Import Advances

Your exporter may require you to make a full or part payment in advance for the goods to be exported to you. The exporter will dispatch the goods to you after receiving your payment. For this purpose, ING Vysya Bank will make your remittance. Remittance is any form of money transfer or payment done from one's working country to home country. Depending on the difference in currency rates and the amount to be transferred, the charges on remittance are also different. in foreign currency to the exporter at a very competitive rate.

We have dedicated Trade Finance Desks spread throughout the country, which offer you the best services.

Import Direct Payments

You may require your exporters to dispatch the goods to you first, along with the required documents, before you make a payment for the goods. You can then approach ING Vysya Bank, with the documents, so you can send the payment to your exporter. ING Vysya Bank will ensure that the payment is made promptly at competitive rates.

We have dedicated Trade Finance Desks across India to help you with your import payments.

Import Collection

ING Vysya Bank's Import Collection service is specially designed to provide value to your import business.

Once your overseas exporter send the goods to you, the exporter / exporter's bank sends the documents to ING Vysya Bank for collection ING Vysya Bank will then intimate you about the receipt of the documents. All you need to do is to authorize the bank to debit your account and send the remittance. Remittance is any form of money transfer or payment done from one's working country to home country. Depending on the difference in currency rates and the amount to be transferred, the charges on remittance are also different. to the exporter's bank.

If it is a Sight Bill (Documents against Payment) then the necessary documents and debit authority will be collected from you for the remittance and the documents will be released to you.

If it is a Usance bill (Documents against Acceptance) then the acceptance letter will be taken from you and the documents will be released to you. On the due date payment will be made to the exporter's bank by debiting your account.

Our Trade Finance Desks are there to help you with any queries you have.

Buyer’s Credit

ING Vysya Bank's Buyer's Credit service is specially designed to help you with you import business.

As a buyer, you need to pay for your purchases in International and Domestic markets. Our Buyer's Credit helps you to facilitate the purchase of goods in International and Domestic trading operations.

Trade Finance Desks spread across India are also at your service to help you.

Letters of credit & Bank Guarantees

Letters of Credit

As a buyer you need to pay for your purchases in International and Domestic markets every business cycle. To help make your task easier, we offer import financing through Letters of Credit that are well accepted globally and supported by a strong trade finance set up.

Bank Guarantees

Bank Guarantees are necessary to fulfill certain business obligations. With this in mind, we issue Bank Guarantees to your principals on your behalf under any business contract. It is our way of helping you fulfill your business requirements. We offer various types of guarantees viz. financial, performance, etc. that are required at various stages of your contract.

We also have dedicated Trade Finance Desks across India to provide you with top class services that add value to your business.

Remittance Services

Outward Remittance & Inward Remittance

ING Vysya Bank offers Outward & Inward Remittance that ensures efficient and prompt reach to wherever your global trading partner is located.

We ensure timely execution of all your inward and outward remittances, supported by a vast network of banking relationships and established ties with banks of international repute.

Hedging Solutions

Our team of professional Treasury Advisory Group provides customized solutions to meet specific Forward Contract requirements for your export and import transactions.

We have skilled and seasoned experts who offer solutions while extracting maximum value out of each market situation.

Login

New Customer? Read more

Quick access

In the spotlight

Sample image

ING Launches Best in class Mobile Banking App for iphone Read more


What's new

Today's Poll

Would you be happier if you put more money into your savings?
The poll is closed.