>

[vc_row][vc_column][layerslider_vc id=”39″][/vc_column][/vc_row][vc_row king_class=”featured_section94″][vc_column width=”1/2″ el_class=”right stcode_title5″][vc_empty_space height=”55px”]

Financing 

[vc_column_text]
Type of credit provided for various viable project promoters with 50% finance for new customers and with 60% finance for existing customers of the Bank. Wegagan is one of the private commercial banks which has been profoundly financing the economy across its various sectors. The Bank has been extending loans and advances to scores of businesses engaged in various areas such as agriculture, manufacturing, import and export, construction, wholesale and distribution, etc.

The Bank’s major activities in its credit operations revolve around providing short and medium-term loans & advances and related lines of credit to commercial, industrial and agricultural business enterprises. It also provides consumer (personal) credit facilities for the purchase of automobiles, household goods, etc. Apart from its acclaimed involvement in fueling the economy with financings.

Wegagen also channels a great deal of sizable funds to priority sectors through purchase of long-term government bonds from the National Bank of Bond Mar- ket. Across its foreign banking and trade finance business, Wegagen is a re- nowned participant in the sector by allowing a significant share of the customers and business community conduct international trade both in terms of import and export. The Bank also offers various other facilities including rendering fast and reliable local & international funds transfer services.

[/vc_column_text][vc_empty_space]

Asset finance

It is a medium-term loan designed for acquisition and/or leasing of fixed business assets (leased land, buildings, machinery, equipment, public transport vehicles, trucks and trailers, etc.) whose business nature justifies, or requires, such financing and periods of time for implementation and repayment of the loan.

Construction (L/C)

Machinery or Equipment Loan

Transport

or Motor Vehicle Loan

Agricultural

Equipment Loan

Property

Disposal Loan

Mortgage

Term Loan

[vc_empty_space]

Project  Financing

[vc_column_text]
It is a medium or long-term loan extended for the establishment of a new project and the expansion of an existing business—all of which must be justified by a project feasibility study and/or a business plan, with periodic installments. The project loans as a package may embody working capital finance.

Warehouse Receipt Financing

Credit facility granted to agricultural commodity traders and suppliers against receipt of warehouse voucher from legally authorized warehouse operators.

 

[/vc_column_text]

Warehouse Receipt   Financing

[vc_column_text]Credit facility granted to agricultural commodity traders and suppliers against receipt of warehouse voucher from legally authorized warehouse operators.

 

[/vc_column_text][vc_empty_space]

Project Finance

Type of credit provided for various viable project promoters with 50% finance for new customers and with 60% finance for existing customers of the Bank.

[vc_empty_space height=”90px”][/vc_column][vc_column width=”1/2″][vc_empty_space height=”40px”][vc_row_inner][vc_column_inner width=”1/6″][/vc_column_inner][vc_column_inner width=”2/3″][vc_wp_search][/vc_column_inner][vc_column_inner width=”1/6″][/vc_column_inner][/vc_row_inner][vc_empty_space height=”40px”][vc_single_image image=”4258″ img_size=”400×471″ alignment=”center”][vc_empty_space height=”40px”][vc_row_inner][vc_column_inner width=”1/6″][/vc_column_inner][vc_column_inner width=”2/3″][vc_column_text]

[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/6″][/vc_column_inner][/vc_row_inner][vc_empty_space height=”20px”][/vc_column][/vc_row]