Yes Bank Ltd offers finance options for entire gamut of print related machines, such as pre-press, press and post press. Vikas Sharma, YES BANK Ltd, shares, “At Pamex, we have launched Equipment Finance for new print related machines (pre-press, press & post press). That is to say, finance without collaterals. Here only the concerned equipment / machines is considered as collateral. Finance is extended upto 80% of landed price i.e. price including customs duty, OCTROI and local taxes. In case of import of machines, customer can avail buyers credit at no additional arrangement fees, unlike NBFC’s where there is additional cost of arranging from other banks. Further, YES BANK offers all types of banking solutions to printers like working capital, term loan, foreign currency loan, cash management solutions, internet banking services and more.”
“Pre-owned (Used) machines are also financed by YES BANK but with collaterals (Residential / Commercial premises, Surrender value of LIC, FD, Factory Building, Godownsetc),” he adds.
YES BANK is India’s fifth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in Mumbai.