Does the Letter of Credit safe and Secure mode for International payment or Not?

An International Letter of Credit is a payment method which particularly suites the transactions of high value and high risk. This method is quite complicated, and one of the traditional ways of making international payments. The companies decide to trade through Letter of Credit Services because of two reasons. One reason is due to the rules and regulation of foreign government, and the second reason is due to the lack of trust between the parties those are going to trade with one another. This lack of trust mainly occurs depending upon the value of the transaction with which the financial risk is associated.

What Banks Look for When Reviewing a Loan Application?

Taking a loan from the bank for personal as well as business usage can become a real hassle sometimes. There is a lot of paper work that has to be done in order to get the loan approved from the bank. Most of the people who involve in personal as well as business banking for the first time do not know the concept of these loan applications have to visit the banks multiple times in order for them to get the desired credits. Wouldn’t it be nice if you already knew the things that the banks will look for while approving your loan application so that you could get loans easily? Here we have listed all the points that bank consider while looking at your loan application before approving it:

1. Credit Score

The first thing any bank looks for in a loan application is the credit score. Your credit score will be calculated by the bank and if you have a high or passable credit score, your application will be reviewed further. However if your credit score falls below the minimum requirement, the application will be instantly rejected. The credit score is like the primary criteria to sort out the valid as well as invalid applications.

Axios Credit Bank's Financial Services | Online Banking

Axios Credit Bank is an international bank that provides a wide range of financial services to individuals and businesses. Our private bankers and client service specialists are supported by a solid operations infrastructure, an extensive range of wealth management services, an international network of partners, and representation in major business hubs throughout Asia, North America, Caribbean and worldwide. Our Bank offers offshore banking, trade finance, and escrow services of the highest quality and consumer value to high net worth private persons who want to trust us with their financial solutions and are interested in developing sustainable business relations. 

Benefits and Risks of Online Banking - Axios Credit Bank

Nowadays, everyone has become tech savvy. Perhaps that is why we are more active in the virtual world of the internet rather than the real world. All the services are trying to adapt to this changing scenario. Even banking services are not left behind. They are also trying to meet the customers’ requirements. This is one of the reasons why online banking services have become ubiquitous. Almost all the major and reputed banks are offering internet banking in Malaysia to their customers.



Despite saying this, it is important to highlight that with all its positives, E-Banking in Malaysia also comes with its shortcomings. We, being an International bank think it is our responsibility to highlight the pros and cons of internet banking services. Scroll down to learn more about it.