Target
- Individuals, Proprietorship/Partnership firms/LLP/ Corporate/Trust Societies/Export Houses
Purpose
- To meet business requirement of our existing/NTB exporters for execution of export orders.
Eligibility
- MSME & AGRO Units having CBR 1 to 5 or (BBB & better ECR if applicable) & having entry level Credit rating .
- Min CBR/CMR as per Product guidelines.
- No SMA ½ in last 12 months.
(Note: Takeover of account is permitted)
Nature of Facility
- Pre & post shipment Packing Credit (INR & USD).Inland LC/Foreign LC/SBLC Issuance and Negotiation of Bills under LC.
Margin
- Pre-Shipment -10%.
- Post Shipment – 0% to 10%.
Security
- Hypothecation of assets created out of Bank finance and current assets.
Collateral
- ECGC Cover : Mandatory for all.
- Minimum CCR of 0.30 or FACR of 1.00.
- Minimum CCR of 0.20 or FACR of 0.90 for Star rated Export Houses.
Concession in Charges
- Up to 50% concession in Service Charges & PPC.
Rate of Interest
- For INR based Export Credit: ROI starting from 7.50% p.a.
(*Terms & Conditions apply)