Banking Exam Question - What is Non-Funded Loan in Banking System? What are it's Types? Explain

Introduction - Non Funded Loan

Complete suite of adaptable non-supported exchange fund administrations is most valuable to meet your fleeting monetary prerequisites particular to import or fare of products/administrations. 

Special Features and Benefits: 

• Offered to both universal and household exchange 
• Offered as a remain solitary, one time or normal acknowledge office as a piece of host of working capital or task advances 
• Incorporates different remain solitary or suite of acknowledge offices according to your necessity: Documentary Credit (or Letter of Credit) and Business Guarantees. Letter of Credit and Business Guarantees 
• Accessible in neighborhood and remote cash (outside trade controls apply) 
• Simple to apply 
• Quick and proficient credit affirming process