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Suppliers Credit

Suppliers' Credit is a product where in Supplier and Buyer agree on payment terms so that the Supplier gets paid at sight/ as per payment terms from his Bank through LC Negotiation and Buyer gets credit period to make payment as per the tenor of the LC.

Features & Benefits

Higher transaction limits

The buyer can deal with seller on sight basis and negotiate a better deal.

More affordable access to capital

Applicant gets access to cheaper funds from international markets without immediate outlay of funds.

Several funding locations

Multiple financing locations for beneficiaries.

Quick turnaround

Quick turnaround of transactions from the bank.

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How it works

How it works?

Understanding how Suppliers' Credit works is crucial to make informed decisions in international trade.

  • 01

    Buyer approaches our bank with the requirement of financing.

  • 02

    We provide quote from funding bank to the client.

  • 03

    Post acceptance of quote by the client, we proceed with documentation and LC issuance.

  • 04

    LC is sent to 1st Advising Bank (Negotiating Bank) and is further advised to 2nd Advising Bank (Beneficiary Bank).

  • 05

    Exporter ships the goods and submits documents to his bank, who further sends to Negotiating Bank.

  • 06

    Negotiating Bank pays the Beneficiary Bank as per LC terms i.e. at Sight/ on Acceptance from Issuing Bank.

  • 07

    On due date Importer client pays us principal plus applicable interest and the same is remitted to Negotiating Bank.

Fee & Charges

Know More right-card-for-every-need

Disclaimer

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

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