Features and benefits of export packing credit
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Need-based financing
Get a loan amount based on your needs to conveniently purchase raw materials required for manufacturing export goods.
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Nominal paperwork
Borrow funds with ease against a confirmed export order, letter of credit or agreement with applicable terms mentioned.
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Immediate disbursal
Avail of finances immediately after providing the required documents and meeting simple eligibility criteria.
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Credit flexibility
Get funds in rupees or foreign currency against customised export orders for a suitable period based on payment terms.
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Attractive interest rate
Packing credit interest rates are more affordable than most other loans to support businesses like yours.
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Repay with export proceeds
Choose a comfortable repayment tenor based on specific requirements such as your manufacturing or trade cycle in up to 84 months.
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Address obligations with ease
Convert your pre-shipment obligation to liability and repay once goods are shipped to manage your finances better.
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For all types of borrowers
Both merchants involved in export and businesspersons manufacturing export goods can avail of our packing credit advance.
As an exporter, you may require funds to procure raw materials to produce finished goods before sending your shipment across borders. Our packing credit facility supports you with the finances you need to manufacture goods for export. You can avail export finance to meet varying working capital needs like purchasing and processing raw materials, manufacturing, warehousing, transportation or packing goods required for shipping.
We offer this loan at competitive interest rates to ensure exporters can avail the necessary funds to complete orders. Export packing credit reduces any chances of missing out on available trade opportunities and helps your business grow to meet larger demands with ease. This is essential from the working capital perspective as the buyers are often reluctant to make advance payments to exporters.
Get attractive features with our export credit facility and easily repay over a suitable tenor. Remember that our export packing credit limit calculation is based on the agreement document mentioning the buyer’s name, quantity and value of goods, shipment date, and any other terms as applicable.
Eligibility criteria for export packing credit
To avail of export packing credit, a business must have the following:
- An Import Export Code (IEC) issued by the regional office of DGFT (Director General of Foreign Trade)
- A confirmed export order or a letter of credit
NOTE: Our credit facility is available to exporters dealing with items listed under freely exportable goods. If the items to be exported fall under the negative list, you must acquire a license to export such goods.
