SMETatweer
Tatweer Products & Services
Overdraft Facilities
A short term facility committed for maximum one year and used for working capital purposes.
Product Features
- Overdraft facilities may be granted to facilitate the customers to fund their day to day operational expenses such as salaries, utility bills, rent etc.
- To meet short term gap in working capital needs
- Revolving facility
- A limit may be granted to the customers depending on their business size, based on their annual operational expenses.
- Can be renewed for another term at bank’s discretion
Requirements
In addition to our standard documents:
- Estimated annual operational expenses.
- The bank may ask for additional information/ documents for any credit facility as requested by the customer.
Cheque discounting
This facility is to discount postdated cheque(s) or receivables, up to 120 days of tenure.
Product Features
- Interest is payable upfront based on maturity of each cheque
- Cheque discounting facilities are granted to facilitate customers to encash post-dated cheques to improve their cash flow.
- A particular limit will be granted to the customers depending on their business size and based on their receivables etc.
Requirements
In addition to our standard documents, following details are required:
- Post-dated cheques from represented party.
- The bank may ask for additional information/ documents for any credit facility as requested by the customer.
Invoice discounting
Invoice Discounting can reduce your working capital pressures by providing immediate funding on outstanding invoices. This product is a flexible funding option that leverages your sales and manages cash flow without offering early payment discounts to customers.
Product Features
‘Lending against Receivable’ facilities are granted to facilitate customers to encash their debtors’ payments to improve their cash flow.
A particular limit will be granted to customers depending on their business size, based on their receivables, etc.
Requirements
In addition to our standard documents, following details are required:
- The projected Receivables/ Debtors outstanding of the business.
- RP (Receipt of Payment) from government, semi government sectors and the top tier companies – Acceptability of such companies will be evaluated and decided on a case by case basis.
- The bank may ask for additional information/ documents for any credit facility as requested by the customer.
Short Term Procurement Financing (STPF)
STPF facilities are granted to facilitate the customers to purchase their stocks locally.
Product Features
- Flexible re-payments
- Each loan under the limit will be granted for a maximum tenor of 120 days based on the working capital cycle
Requirements
In addition to our standard documents:
- List of suppliers and estimated purchase
- The bank may ask for additional information/ documents for any credit facility as requested by the customer.
Loans Against Trust Receipts/ Import Finance (LTR)
Trust receipts loan to refinance Sight/ Usance documentary Letter of Credit for not more than 180 days.
Product Features
- To refinance LCs at competitive pricing.
- LTR facilities are granted to assist the customers in settings their import bills.
- LTR may also be granted to customers who import without LC, either by way of collection documents or through remittances.
Requirements
In addition to our standard documents:
- Details of Letters of credit amount, tenor, party etc.
- In the case of remittances through LTR, a valid proforma invoice/ invoice should be submitted.
- The bank may ask for additional information/ documents for any credit facility as requested by the customer.
Pre & Post Shipment Finance
Pre-shipment finance is a product introduced by Doha Bank to allow clients to meet all their financial needs to purchase inventory in order to fulfill their export order commitments.
Post-shipment finance enables our clients to avail export financing loans (discount future collections from confirmed export (LCs) to ensure normal course of business without facing any cash flow disruptions, thereby maximising your business profitability.
Collections & Advising
Collections and Advising are used in lieu of a Letter of Credit when buyers and sellers want a third party document-handling entity (such as Doha Bank) involved in the transaction. Documentary collections can provide an exporter and importer with a compromise between open account trading and documentary credits. They offer the exporter a degree of security in the transaction as the Bank will have control over the goods through the title documents and can arrange for one of its overseas correspondents to release the documents only against payment or acceptance of a bill of exchange with payment at a future date.
When you choose to use documentary collection as a method of payment, the importer’s bank has control over the goods via the shipping documents that give access to the goods. The documents can only be delivered to the buyer after the buyer has paid the amount due or signed a bill of exchange that falls due on a later date.
Advantages of using collection as a payment method
- The exporter’s bank monitors whether the payment is made or accepted
- The shipping documents with the bank(s) until the collection has been paid or accepted
Letters of Credit (Sight & Usance)
This facility may be granted to customers for the issuance of Documentary Credits on Sight and Usance basis for the import of products and inventory.
Product Features
- Short/ Medium term
- Effective for Overseas and Local transactions
- Ensures payment on due date, subject to compliance with LC terms.
- Helps to manage cash flow
- L/Cs may be refinanced though loans (subject to approval)
Requirements
In addition to our standard documents following details are required:
- Amount
- Tenor
- Counter party details etc.
- Purpose
- The bank may ask for additional information/ documents for any credit facility as requested by the customer.
Guarantees
Issuing all types of Bank Guarantees, including among others, Tender/ Bid Bonds, Performance Bonds, Advance Payment Guarantees.
Product Features
- Short/ Medium/ Long Term
- May be used to participate in tenders/ contracts
- To prove financial and performance capability to third parties.
Requirements
In addition to our standard documents, following details are required:
- Beneficiary details
- Tenor details
- Amount under consideration
- Purpose
- The bank may ask for additional information/ documents for any credit facility as requested by the customer.
Term Loans
Term loans may be provided to customers for their capital expenses or to purchase fixed assets eg: building, machinery, equipment, decoration work etc.
Business Loans
Business loans may be used to finance planned expansions, or even to meet an unplanned exigency acceptable to Doha Bank as per the norms.
Business loans are ideally suited to meet any immediate business needs and are offered for tenors of up to 48 months.
Vehicle/ Equipment Loans
Vehicle / equipment loans may be provided to customers to finance the purchase of vehicles/ equipments that could be registered at the traffic department. Equipment loan is a product that will allow you to invest in the most up-to-date office/ factory- equipment and ensure that your business remains ahead of the competition.
Documents Required
In addition to our standard documents:
- SME car loan request form (if vehicle loan is required)
- CR copy and signature card for the company
- 6 Months Bank statement of the company.
- QID copy of partners
- Passport copy for partners who are not holding QID
- Original quotation from the supplier
- The bank may ask for additional information/ documents for any credit facility as requested by the customer.
Tatweer Credit Cards
Based on the inherent need of a business card in the market, SME business cards were launched in 2010 specifically aimed at Small & Medium Enterprises.
Features
- The card could be used by the customer for any working capital requirements by way of general expenses, purchasing of inventory or withdrawing cash for their day to day expenses.
- Usage at POS terminals
- International acceptance at all VISA outlets across the world.
- May be used for online payments
- Maximum Limit: -A particular limit will be granted to the customers depending on their business size,annual operational expenses and as per the eligibility calculated
- Please contact your nearest Branch or Relationship Manager to avail of such services.
- Other features include discounts and offers from VISA International valid across the GCC
- The payment due on the card will be directly debited to your company’s current account maintained with Doha Bank.
Eligibility Criteria
- Company in operation for over 1 year
- Current account with Doha Bank for over 6 months
- Account history to reflect no cheque returns due to lack of funds
Documents Required
In addition to our standard documents:
- SME Credit Card Application signed by all partners.
- Latest CR Copy.
- QID copies of all partners.
- QID and Passport copy of card user.
- The bank may ask for additional information/ documents for any credit facility as requested by the customer.
Visa offers for Tatweer Cards
Maximize Your Cash Flow with Business Savings on Tatweer Visa Debit and Credit Cards
Take advantage of many specially selected discounts and offers, when you pay with your Doha Bank Tatweer Visa cards. This suite of exclusive offers has been selected with the needs of your business in mind and may translate into considerable savings.
Offers range from business travel and service solutions, to IT and telecommunications.
Remember to use your TATWEER Visa Credit/Debit cards at merchants detailed here under, identify yourself as a Visa commercial cardholder and enjoy great savings.
To learn more about Visa Business Savings and offers or for any of the detailed terms and conditions, Click here
Note:
Doha Bank’s retail, SME, commercial and corporate lending products are granted at our sole discretion and are subject to the Bank’s terms, conditions and acceptance.
