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Export Loans

by anonymous

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Some of the following facilities are availabe in the Bank:

Short term financing and discounting of the Exporter's receivables covered under EXIMBANK's Export Credit Insurance. It covers the gap between the manufacturers production cost expended and their income from sales.

Post-Shipment Financing Facility of the bank can be availed directly or through arrangement with the various commercial banks. The exporter receives 85% to 100% of the value of the export invoice, upon shipment, by using this facility.

A credit sale of the exporter can be converted into a cash sale by which the exporter freeing up their capital for future exports.

Grace Period - A period representing 15 days after the invoice maturity date before penalty interest becomes applicable.

Reputed exporters can avail pre shipment finance to meet their reputable buyers order which will assist their processing costs including wages, raw materials purchase and other machinery etc.,

Bank's pre shipment guarantee enables exporters to meet their confirmed orders by repayment to commercial lenders on working capital loans and thereby bank's liability is discharged atonce upon shipment.


How to prepare project report to Bank to get loan?

           After  Identify the  Importer from the importer's list available with the respective Councils
           and Write letter with  company profile alongwith sample of buyer's choice. On the basis of your
           contract and verifying your authenticity, bank will release loan.
The profile about your company should generally include the following matters:
     1)Company's name and address /Telephone /Fax/Email/ Date of establishment  
      2)Export Executives
     3)Status: Partnership/ Company (Pvt. Ltd./Pub.Ltd) Govt.(Semi-Govt.)
      4)Exporting Since
     5)Bank Reference
     6)Value of Assets
     7)No. of Employees/ Manufacturing/ Sales/ Administration
     8)Foreign Offices/Representatives, if any
     9)Exporter/ Manufacturer/ Agent
     10)Main Line
     11)Technical Collaboration
     12)Standards/Specification followed
     13)Major Buyers- In India; Abroad

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