Letter of Credit - type | Process & Meaning | Financeseva

Do you require a Letter of Credit from the Bank, How Letter of Credit in Delhi works, It is a letter from the bank guarantee to conclude your import deal

What you mean by Letter of Credit Eligibility Criteria?


A letter of credit is a facility offered by banks & financial institutions guaranteeing the buyer that the seller will make payment on time, if suppose he/she fails to make payment. Therefore, Bank will cover the payments which needs to be made. Generally, there are various types of letter of credit offered for international traders. To use this facility, you will be required to meet few eligibility criteria.


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