Pre-Shipment Finance

Facility offered by the Bank to the customer to purchase inputs for the production process of goods which are for onward sale/export. The facility helps to generate additional working capital to enable client meet production demands and it must be backed by an export LC or a confirmed export order.

Benefits:

  • Provides additional working capital with flexible security requirements
  • Cheaper than other borrowing facilities and can be used on a revolving basis
  • Enables taking of very large orders

Key Features:
  • The product has a maximum tenor of 90 days for confirmed export order or up to 180 days for export LC.
  • The facility needs to be fully secured by asset collateral. Flexibility will be allowed when financing is supported by a letter of credit
  • The facility is self-liquidating.
  • The bank charges appraisal fee and interest.

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