Bank Guarantee

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    What is a Bank Guarantee?

    A bank guarantee is a guarantee supplied by a bank or any other established lending institution, to a borrower, in this case, to a business. A bank guarantee places the onus of repayment not on the debtor but the lending institution. The essence of a bank guarantee is that the lending institution will cover the borrower’s debt obligation if the business cannot do so on its own steam.

    A bank guarantee is required when a buyer needs to assure a seller of payment by a specified date or as a guarantee of quality or performance. It may even be used as collateral for repaying a loan or for a rental agreement.

    When you go the OneNDF way, obtaining a bank guarantee is a quick online process. All you need to do is cite your requirements, based on which the system will offer you a handful of Banks / NBFCs whom you discuss intricacies with, negotiate terms, and once settled; you obtain your bank guarantee immediately.

    Obtaining a bank guarantee can propel your business to the heights it intends to achieve by enabling you to procure capital that can be invested in growth and expansion. It can also safeguard your business from potential supply chain losses and might be seen as a necessary risk management tool.

    Any business, especially those with significant cash flow, is recommended to invest in bank guarantees to mitigate risks in various areas of procurement.

    Why choose OneNDF Bank Guarantee ?

    At OneNDF, you can choose from a wide variety of bank guarantee options and zero in on precisely the right fit for you.

    • Payment guarantee

      Utilise this guarantee when you need to assure a supplier of payment by a set, predetermined date or when you need to make such an assurance to obtain a loan.

    • Advance payment guarantee

      Safeguard advance payments made by your business by choosing this sort of bank guarantee that reimburses the borrower if goods or services are not supplied according to terms set in a pre-signed contract.

    • Confirmed payment order guarantee

      In situations where input costs are high, and payment is on delivery, manage the risk of order cancellation, delayed payment, insufficient payment, and non-payment by this type of bank guarantee, which assures you get your payment on the set date.

    • Performance bond guarantee

      Quality-linked risks can be managed by opting for a performance bond that acts as collateral for goods and services being of the standards/ as per description in the pre-signed contract.

    • Warranty bond guarantee

      Very much like its prior counterpart, a warranty bond guarantee has to do with standards and description. However, it is specifically linked to how the goods and services are delivered, as per a pre-signed contract.

    OneNDF Bank Guarantee Benefits

    Enjoy the OneNDF advantage:

    • AI-enabled precision On the OneNDF platform, borrowers are matched with lenders offering various permutations and combinations of bank guarantees. Our proprietary, world-class software ensures that borrowers and lenders' needs are perfectly synchronized.
    • Excellent network OneNDF has partnered with lenders across indirect and direct bank guarantee categories within all bank guarantee options described above. In indirect bank agreements, our esteemed borrowers can be rest assured that our lender associates and partners will link up with the most reputed foreign banks to ensure the smoothest possible experience.
    • Wide scope of intelligence Our lenders come with hands-on experience providing air-tight bank guarantees across every sector conceivable. Secure your business' input and expansion capital with loophole-free bank guarantees when you go the OneNDF way.
    • Service quality assurance Standards are at the center of everything we do at OneNDF. Lender associates are filtered through a strict quality vetting process and onboarded after thorough checks. OneNDF stands by its borrowers pre and post-sales for any obstacles or issues.
    • Tech at your service Negotiate, discuss, clarify and brainstorm with your lenders of choice using our state-of-the-art inbuilt video-calling technology, brought to you as part of a 360-degree OneNDF experience.
    Eligibility Criteria Requirement
    Age The vintage of the Firm should be at least two years.
    Business Type
    • Sole Proprietorship
    • Partnership
    • Public or Private Limited Companies
    Assessment Financial assessment & Valuation of the property offered as collateral.
    Self Employed Individuals
    Duly filled Application Form
    Passport Size Photograph
    Proof of Identity – Voter ID card/PAN card/ Passport/Aadhar card/Valid Driver’s license
    Proof of Residence – Latest Electricity Bill/Utility Gas Bill/Telephone Bill/Passport/ Registered lease agreement with a utility bill in the name of the landlord
    Proof of Business: Registration Certificate/GST Certificate
    Proof of Income: Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant of previous 2 years
    Bank Account Statements (self & business) – previous 12 months
    Complete chain of Property papers
    Sanction Letters & Repayment schedules of all the loans & limits; if any

    Bank Guarantee FAQs

    A fixed deposit or any asset may serve as collateral against a bank guarantee. The collateral approvals differ from one case to the next.

    The OneNDF advantage allows you to get your bank guarantee within within minimal timefram after all your documents have been submitted.

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