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- Solution For Importers
- Buyers Credit
Buyer’s Credit
We enable trade and finance services through dedicated specialists, fast document processing and efficient systems
Apply Now Find Nearest BranchBuyer’s Credit
Buyer's Credit is a short-term working capital trade credit loan extended to an importer by an overseas lender such as a bank or financial institutions in International Financial Services Centers located in India as well as overseas to finance the import purchase for working capital and capital expenditure.
Features & Benefits
- Addresses funding gaps in cash flow and avail extended credit period subject to the working capital cycle.
- Cost effective financing option in foreign currency for imports.
- Facility available through our GIFT city branch.
This account comes with a host of unique features:
- Zero Monthly Average balance Requirement
- Extended benefits in cash deposits, withdrawal, chequebook, NEFT and RTGS
- Nil Monthly Service charge
- Classic , Supreme and Platinum options available for debit card. Click here
How it works
- 01
Buyer approaches our Bank with the requirement of financing.
- 02
We provide quote from the funding Bank to the client.
- 03
Post acceptance of quote by the client, we proceed with Documentation and SBLC issuance.
- 04
SBLC is sent to funding bank before the payment date.
- 05
Funding Bank funds our Nostro account as per SBLC terms and we make payment to the Supplier.
- 06
On due date Importer client pays us Principal plus applicable Interest and the same is remitted to Funding Bank.
Fees & Charges
Disclaimer
Product offering is subject to certain eligibility criteria as per Bank's internal policy and is subject to Bank's discretion
