Magnus by Deutsche Bank for SMBs

By : |November 5, 2012 0

BANGALORE, INDIA: Every business big or small requires access to working capital. Working capital helps businesses meet their cashflow requirements and plan for growth and expansion.

With a view to help our customers in their business ventures, we bring ‘Magnus’ a business lending product designed to fund working capital requirements and other short term funding needs of business clients.

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Overview

Depending on your specific requirements, we offer you services like Overdraft, Bill Discounting, Buyer’s Credit, Letter of Credit, Bank Guarantee, Forward Contracts or Forex Options.
Magnus offers the following services:

Business Lending

Working Capital Finance: Magnus facilitates your short term financing requirement in the form of Working capital finance secured by acceptable securities.
Loan against Property: We understand your ever increasing need for capital towards expanding your business. If you own a property, Deutsche Bank Loan against Property is just the right loan for you.
Lending against Liquid Securities: The investments you made for tomorrow can also help you make the most of today. You may avail of facilities against select asset classes in the form of Mutual Fund Units, Fixed Maturity Plans or Life Insurance Policies.

 

Also read: Bank SME Initiatives

Acceptable Securities

Fixed Deposit : Fixed deposits placed with us can be offered as security to avail of facilities at attractive rate of interest; Maximum funding upto 90% of the FD amount
Current Asset Hypothecation : Primary security shall be taken in the form of current assets (stocks and debtors) hypothecation, whenever the additional security is other than Fixed deposits.
Property : Residential or commercial property can be offered as collateral for funding your business needs; Maximum funding upto 65% value of residential property and 50% value of commercial property.
Mutual Fund Investments : Let your investments fund your dreams. You can avail of both, funded and non-funded facilities against your investments made in acceptable mutual fund schemes. Maximum funding upto 80% of the current market value
Life Insurance Policies : You can also avail of facilities for your business against the premium paid on your or your family members’ life insurance policies. Maximum funding upto 90% of surrender value

Source: www.deutschebank.co.in

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