If you have imports

Always use buyer’s credit@ Libor+1.25% i.e approx
1.75% to 2% (If no exports, go for hedging also)

If you have exports

Use PCFC/ FBN / FBP / FCNR(B) facilities. (Even SME‘s can take sub-limit with cc limit)

Change of bank

Change from co-operative/small pvt. Banks to bigger PSU banks/foreign banks for better interest rates

If you have good collateral

Always ask for best CC rates or convert part of CC in to WCDL / FCNR(B) Loan

If you are supplier to biggies like HUL, ITC, PFIZER, ONGC etc…..

Never take spot payment against cash discount.It costs you 18% to 24% p.a. instead take bill discounting from banks @ 10%-12% p.a

If you have 100% collateral for your CC limit

Better convert your part CC to mortgage loan/ OD at much better rates

If you want to increase negotiation power

Go for SME rating to take best interest rates benefit.

If you want better rating & avoid penal interest?

Submit Monthly, Quarterly, Half yearly statements in time

If you are in a liquidity crunch for temporary reason

Go & explain your problem to bank and take Adhoc limits instead of spoiling track record of not paying creditors

If you are in good financial position

Always avail cash discount from your supplier say 2% p.m. and use bank limits of 12%-13% p.a.

If you are importer and exporter

Always deal with a forex branch of bank to avail better Rs.-$ rates

If you have large limits say 50 Cr +

Always deal with more than one bank to negotiate better…