Project Loan/Finance Service involves providing credit and other facilities to a borrower (provided adequate mitigants are in place), for setting up new projects, expansion, diversification and modernisation of existing industrial units. While considering the project for assistance, our company evaluates technical feasibility, commercial and economic viability and financial soundness of the project. The interest rate and other fees for credit and other facilities would be based on creditworthiness of borrower, rating, risk perception, tenure of loan / facilities and other relevant factors. The repayment of the loans and facilities is normally fixed on case to case basis depending on projected cash flow of the borrower.

Under the Corporate Loan/Finance Service, Sai Management Services provides rupee and/or foreign currency loans to Corporates with minimum 5 years of operations, continuous profits for the last 2 years with satisfactory track & credit record with lenders for normal capital expenditure, working capital margin, shortfall in working capital and general corporate purposes, including expenses on Voluntary Retirement Scheme and business acquisition where no tangible asset creation is envisaged. The interest rate would be based on creditworthiness of borrower, rating, risk perception, tenure of loan and other relevant factors. The repayment period for the loans would normally not exceed 5 1/2 years.

Sai Management Services also provides Letter of Credit (L/C or LC) which is a document issued to provide an irrevocable payment undertaking to a beneficiary against complying documents as stated in the credit. It is often referred to as a documentary credit, abbreviated as DC or D/C, documentary letter of credit, or simply as credit.
Once the beneficiary or a presenting bank acting on its behalf, makes a presentation to the issuing bank or confirming bank, if any, within the expiry date of the LC, comprising documents complying with the terms and conditions of the LC, the applicable UCP and international standard banking practice, the issuing bank or confirming bank, if any, is obliged to honour irrespective of any instructions from the applicant to the contrary. In other words, the obligation to honour (payment) is shifted from the applicant to the issuing bank or confirming bank. Non-banks can also issue letters of credit however parties must balance potential risks.

Our Company provides An Overdraft Service which is a facility granted to you whereby you can overdraw your current account up to an agreed limit. Overdraft is an efficient form of borrowing as you pay interest only for the time you use the money. It gives you flexibility. You can at any time deposit money into the account to reduce the outstanding balance or can draw out money whenever you need it as long as you do not exceed the limit. Interest is calculated daily on the fluctuating outstanding balance and is normally charged at the end of each month.
Customers' overdraft accounts fluctuate between debit and credit over a reasonable period. What is a "reasonable period" depends on the nature of your business. For example, an exporter who uses his overdraft to pay his supplier for goods to be shipped under a letter of credit to his overseas buyer should be able to clear the overdraft within 10 days. This is because under normal circumstances, the process of his preparing the shipping documents, submitting them to his bank for negotiation and receiving the proceeds of negotiation to repay the overdraft should take no longer than 10 days. On the other hand, a manufacturer who has used the overdraft to purchase raw materials will need more time to repay the overdraft because the process of manufacture, sale and collection of payment from sales is a longer one.
The overdraft utilised determines the interest that will be payable by the customer. The overdraft rate is linked to the Bank's Prime Lending Rate and is charged to the account at the month end.

At, Sai Management Services, we can provide Bank Guarantee:

• On Suitable Conditions
• Flexible Terms
• Reasonable Rates ( As per RBI Guideline)

You can now enjoy the convenience of hassle-free and fast way of trading in the Indian Equity Markets through our NRI Investor Services.
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• Sai Management Services NRI Trading Account - Provides access to comprehensive trading tools for independent NRI investors

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External Commercial Borrowings (ECB) are defined to include

1. commercial bank loans,
2. buyer’s credit,
3. supplier’s credit,
4. securitised instruments such as floating rate notes, fixed rate bonds etc.,
5. credit from official export credit agencies,
6. commercial borrowings from the private sector window of multilateral financial institutions such as IFC, ADB, AFIC, CDC etc. and
7. Investment by Foreign Institutional Investors (FIIs) in dedicated debt funds

Applicants will be free to raise ECB from any internationally recognised source like banks, export credit agencies, suppliers of equipment, foreign collaborations, foreign equity - holders, international capital markets etc. Offers from unrecognised sources will not be entertained.