What Is the Rate of Interest on Packing Credit Limit funds?
The Rate of Interest on Packing Credit Limit is 1.50%.
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
5.00%
|
0.25%
|
1500
|
12
|
|
|
5.20%
|
0.25%
|
1500
|
12
|
|
|
5.25%
|
0.25%
|
1000
|
12
|
|
|
5.30%
|
0.25%
|
1000
|
12
|
|
|
5.25%
|
0.25%
|
1500
|
12
|
|
|
5.30%
|
0.25%
|
1000
|
12
|
|
|
5.00%
|
0.25%
|
1500
|
12
|
|
|
5.20%
|
0.25%
|
1000
|
12
|
|
|
5.30%
|
0.25%
|
1500
|
12
|
|
|
5.00%
|
0.25%
|
1000
|
12
|
|
.png)
|
5.15%
|
0.25%
|
1000
|
12
|
|
|
5.25%
|
0.25%
|
1500
|
12
|
|
|
5.40%
|
0.25%
|
1500
|
12
|
|
|
4.75%
|
0.50%
|
1500
|
12
|
|
|
4.80%
|
0.50%
|
1000
|
12
|
|
|
4.90%
|
0.50%
|
1000
|
12
|
|
|
4.80%
|
0.50%
|
1500
|
12
|
|
|
4.95%
|
0.50%
|
1500
|
12
|
|
|
4.75%
|
0.50%
|
1000
|
12
|
|
.png)
|
4.75%
|
0.50%
|
1500
|
12
|
|
|
4.80%
|
0.50%
|
1000
|
12
|
|
|
4.85%
|
0.50%
|
1500
|
12
|
|
|
4.75%
|
0.50%
|
1500
|
12
|
|
|
4.90%
|
0.50%
|
1500
|
12
|
|
|
4.80%
|
0.50%
|
1000
|
12
|
|
|
4.90%
|
0.50%
|
1500
|
12
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
5.00% |
|
|
|
5.20% |
|
|
|
5.25% |
|
|
|
5.30% |
|
|
|
5.25% |
|
|
|
5.30% |
|
|
|
5.00% |
|
|
|
5.20% |
|
|
|
5.30% |
|
|
|
5.00% |
|
|
|
5.15% |
|
|
|
5.25% |
|
|
|
5.40% |
|
|
|
4.75% |
|
|
|
4.80% |
|
|
|
4.90% |
|
|
|
4.80% |
|
|
|
4.95% |
|
|
|
4.75% |
|
|
|
4.75% |
|
|
|
4.80% |
|
|
|
4.85% |
|
|
|
4.75% |
|
|
|
4.90% |
|
|
|
4.80% |
|
|
|
4.90% |
|
Packing credit are similar to pre-shipment, this type of facility is utilized by exporter to finance for purchasing raw material, processing, working capital & expanding their business. You can avail loan against stock of raw material & for ready to shipment materials.
Eligibility Criteria depends on several factors like repayment history, business sales/turnover& Creditworthiness ...etc.
There are top factors that generally affects packing credit eligibility criteria as given below: -
Due to outstanding Debt: - Lender check whether you are paying debt to any existing loan, if you are then make sure you clear it earlier before planning to avail a new loan.
Any fault on CIBIL Report: - CIBIL report represent your past financial history, you are required to ensure whether details depicted are correct or any fault seems like appearing then immediately contact lender to make it corrected through CIBIL. Report containing fault led to reflect eligibility.
To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.
Maintain good credit record: -To maintain good credit record you are required to ensure that all payments are made on time which is effective for letting it better. Apart from that consider to do minimal usage of credit card as these will enhance your loan edibility.
Extra attention on credit card utilization: - Credit card utilization is the indicator of your credit usage, generally 30% ratio of utilization considered to secure from affecting credit history, this aid to boost credit score as well as the eligibility too.
What Is the Rate of Interest on Packing Credit Limit funds?
The Rate of Interest on Packing Credit Limit is 1.50%.
When I have to repay Packing Credit Limit fund?
You have to repay Packing Credit Limit I over 6month.
How can I get Packing Credit Limit funds?
Packing Credit Limit you can take from Private or Government.
What are the documents required for Packing Credit Limit funds?
Some document required for Pre Shipment Credit: -
What is Packing Credit Limit?
Packing Credit means loan provided by the banks to an exporter for financing the purchase, processing, manufacturing or packing of goods before shipment at fair rate.
Who is Eligible for Packing Credit Limit?
Want to get financial service? Advise by CA Vikas Jain
CA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
Read MoreCA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
Read MoreIf you want me & my team at financeseva to help you in getting Best Financial Services, Just Book a Free Call
9863-02-02-02