Overview

Buyers' Credit is a short-term working capital loan extended to an importer by an overseas lender such as a bank or financial institutions in International Financial Service Centres located in India as well as overseas to finance the import purchase.

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Features &
Benefits

Features & Benefits

  • imgAddresses funding gaps in cash flow
  • imgCost effective financing option in foreign currency
  • imgExtend payable terms
  • imgExpeditiously processed through our Gift City branch

How it works?

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Buyer approaches our bank with the requirement of financing.
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We provide quote from the funding bank to the client.
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Post acceptance of quote by the client, we proceed with documentation and SBLC issuance.
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SBLC is sent to the funding bank before the payment date.
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Funding Bank funds our Nostro account as per SBLC terms and we make payment to the Supplier.
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On due date Importer client pays us principal plus applicable interest and the same is remitted to the fund-ing bank.

Disclaimer:

Product offering is subject to certain eligibility criteria as per the Bank's internal policy and is subject to the Bank's discretion