
Explore Non-Recourse Financing with
Credit Glorious
At Credit Glorious, we are pioneers in offering innovative financial solutions such as Non-Recourse Loans. These are not traditional loans but rather financial disbursements that do not require repayment. The key to these operations is the collateral: assets provided as security are the sole means through which the financier can recover their investment in the event of default. This approach provides a new perspective in the financial world, allowing our clients to access significant capital without the burden of traditional repayment, placing emphasis on the evaluation and management of collateral.
The Credit Glorious Difference: Our Commitment to Responsible Lending
Credit Glorious is steadfast in its commitment to responsible lending. We believe in building sustainable financial solutions that support not only the immediate needs of our clients but also their long-term success. Choosing Credit Glorious for your Non-Recourse Loan needs means selecting a partner committed to your success. We aim to support your projects and investments, securing their success and safeguarding your personal assets.
Timeline – How Does Obtaining Non-Recourse Loan Work?
-
SIGNING OF THE DOA: In this step we formalize the terms and conditions. The DOA is a crucial legal document that outlines the responsibilities and obligations of each party.
-
SIGNING OF THE MONETIZATION CONTRACT: After the DOA, a monetization contract is signed with the monetizer.
-
ISSUANCE OF THE GUARANTEE: The provider issues a top-rated bank guarantee by a renowned financial institution.
-
MONETIZATION GUARANTEE: The financial guarantee issued by the provider is converted into liquid funds by the monetizer.
-
PAYMENT TO CREDIT GLORIOUS: Once the guarantee is monetized, the proceeds are paid to Credit Glorious. The funds are now available for use as per the terms of the agreement.
-
RELEASE OF THE FUNDS FOR THE NON-RECOURSE LOAN: Credit Glorious releases the funds for the non-recourse loan to the client upon the successful conclusion of the monetization process.

​​
200M+
Share Capital
​​
A+ rating
in 2024 according to the Basel parameters with a default risk of just 0.07%
​​
500M+
in iussed guarantee
-
What is a Standby Letter of Credit (SBLC)?An SBLC is a financial guarantee issued by a bank that ensures payment to the beneficiary if the applicant fails to meet their contractual obligations. Unlike a standard letter of credit used as a primary payment method, an SBLC acts as a safety net, triggered only in the event of non-performance or default.
-
How is an SBLC different from a Bank Guarantee?While both instruments reduce financial risk, they serve different purposes: Standby Letter of Credit (SBLC): A contingent payment obligation where the bank pays the beneficiary only if the applicant fails to fulfill their contract. Common in trade finance and service agreements. Bank Guarantee: A broader financial commitment ensuring the bank will compensate the beneficiary for losses or damages if the applicant defaults. Frequently used in construction, real estate, and project financing.
-
When should I use an SBLC?An SBLC is beneficial when you need a secure financial commitment in high-value transactions. It is commonly used in: International Trade: Ensuring suppliers receive payment even if the buyer defaults. Construction Projects: Guaranteeing contractors fulfill their obligations. Service Contracts: Providing a safety measure for service agreements. An SBLC adds credibility to transactions, reassuring partners that financial commitments will be honored.