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Buyers Credit Meaning & Process | Financeseva
Are you facing any trouble while doing export/Import, worry not our financeseva has added a new specially designed facility buyer credit where you can avail loan.
Buyers Credit @3.50% Onwards
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Buyer's Credit is our unique credit facility programme that motivates Indian exporters to explore new geographies. Through this programme, the overseas buyer can open a "letter of credit" in favour of the Indian exporter and can import goods and services from India on deferred payment terms. While on the one hand, the exporter enjoys reduced transaction costs and complexities of international trade transactions, on the other hand, the Indian exporter gets to compete in the international market and can continue to put his working capital to good use to scale up operations.
What is buyers credit?
It's a short-term loan offered to buyers from overseas banks to purchase goods at lower rates compared to usual rates. Even exporters are guaranteed their payment will be paid on time without any default taking place.
How buyer credit works on?
• Importers enter into agreement with suppliers for import goods wherein financial institutions play an important role in providing a line of credit with overseas banks to help. Overseas banks pay directly to supplier before the due date & the buyer pay to overseas bank as per the commitments.
Read More Click here: How Buyer Credit Work
How to apply buyer credit online?
It's easy to apply just submit your request letter through online or offline by nearest bank & fill the application form with correct values, make sure you carry all the necessary documents. More Products Read here: Business Loan
