FA, 2020 amendment increasing...
Bank Name | Key Features | |
---|---|---|
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Interest rate
3.00% - 4.00%
Max loan amount
1500 |
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Interest rate
3.00% - 4.00%
Max loan amount
1000 |
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Interest rate
3.00% - 5.00%
Max loan amount
1000 |
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Buyer's credit is a short term credit available to an importer (buyer) from overseas lenders such as banks and other financial institution for goods they are importing. Buyer's credit helps local importers gain access to cheaper foreign funds.
The benefits of buyer’s credit for the importer are:
Extend your import payment period and ensure your suppliers are paid on time with Financeseva Buyer’s Credit. We offer tailored import financing packages designed to suit your company financials and business activities. We arrange payments to your suppliers in a wide range of foreign currencies, ensuring you pay on time.
No, you must obtain a credit facility with Financeseva before availing Buyers Credit. Please visit us at any of our Branches should you require a credit facility.
Yes, Financeseva can help arrange Buyer’s Credit based on an undertaking to pay on maturity received from another bank in India.
You will need to provide us with a request letter and transactional documents.
It can take 2 -3 business days.
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