Star Export Credit

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)