• 9863020202    
  • contact@financeseva.in

Post Shipment Credit Fx

• Get quick access to liquidity • Avail negotiation under LC • Doorstep assistance available
Enquiry Form
Post Shipment Credit Fx
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month)
Neogrowth
10
34555
32
12
Bank Name Min Interest Rate
Neogrowth

10

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Post shipment credit FX Eligibility Criteria?

Post shipment finance are generally granted from the date of extending credit & after the shipment of goods to be realization of date exporter proceeds. This allows the exporter to get quick access to credit before the importer initiates funds.

Post-shipment finance Eligibility Criteria

Eligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover& Creditworthiness ...etc.

Eligibility Criteria

  • • Age Limit of Individuals - 25 to 65 years
  • • Individual & companies involved in export are eligible
  • • Even any entity engaged in export of goods
  • • This facility only availed by those exporters who has order on his own name
  • • Some institutions fund for third party manufacturers who don’t have export on their own name
  • • Exporter should not be in the caution list of Reserve Bank of India (RBI).

What are the factors generally affecting Post shipment credit FX eligibility Criteria?

There are top factors that generally affects post-shipment finance eligibility criteria as given below: -

Business not involved in exports of goods: - This is one of the major reasons behind not meeting the eligibility as for obtaining post shipment finance an business or individua must need to be engaged in exports of goods.

Age limit should not exceed: - As per the criteria below the age of 25 & above the age of 65 led to affect your eligibility because lenders want the surety that you are capable to repay the loan.

What are the ways to increase Post shipment credit FX eligibility?

To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.

lear existing debts: - CIf you are having existing loan, then prefer to close it as earlier as possible to avoid any kind of effect take place in credit score, a clear up to mark credit score ranging 700 above leds to increase eligibility.

Have close eye on credit report: - It always advised to keep a close eye on your credit report in regular basis & ensure whether all transaction is taking place on time, if not then keep them up to date as it will help you in increasing eligibility as the repayment capacity seems positive.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. Photographs 2
  2. PAN Card Copy
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  11. Photographs 2
  12. PAN Card Copy
  13. AADHAR CARD + PASSPORT
  14. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  15. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  16. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  17. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  18. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  19. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  20. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR.
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  14. PHOTOGRAPH BOTH
  15. PAN CARD CLEAR COPY PROPRIETOR.
  16. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  17. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  18. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  19. LAST 1 YEAR GST RETURN COPY
  20. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  21. PROVISIONAL FINANCIAL AY 2019-20
  22. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  23. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  24. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  25. AGREEMENT TO SELL COPY
  26. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST Return last 1 years
  7. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  10. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  11. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  12. Agreement To Sell copy
  13. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  14. PHOTOGRAPH PARTNERS
  15. PAN CARD - COMPANY, ALL PARTNERS
  16. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  17. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  18. PARTNERSHIP DEED COPY
  19. GST CERTIFICATE
  20. GST Return last 1 years
  21. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  22. PROVISIONAL FINANCIAL AY 2019-20
  23. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  24. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  25. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  26. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  27. Agreement To Sell copy
  28. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  3. ADDRESS PROOF – COMPANY AND DIRECTORS.
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
  17. ALL DIRECTORS PHOTOGRAPH
  18. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  19. ADDRESS PROOF – COMPANY AND DIRECTORS.
  20. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  21. MEMORANDOM
  22. ORDER IN HAND AND COMPLETE COPY (if applicable)
  23. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  24. 1 YEAR GST RETURNS
  25. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  26. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  27. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  28. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  29. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  30. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  31. AGREEMENT TO SELL COPY
  32. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

How much loan can I get for post shipment funds?

You can take Loans s for post shipments up to 10 crores or more than according to your needs.

How can I apply for post shipment fund?

Firstly, select the bank then fill the application form and submit it in your nearest branch or submit it online through the website wait for approval.

What is post shipment credit fx fund?

Post shipment credit fx is a type of fund provided by the bank to the exporter or seller against a shipment that has already been made.

Who is eligible for post shipment fx fund?

It is available for all types of exporters or seller: -

  •   Merchant exporters
  •  Manufacturer exporters
  •  Export houses
  •  Trading houses

What documents required for post shipment fx fund?

Following documents are required for post shipment fx fund: -

  • packing list
  •  Invoice
  • Performa invoice
  • Shipper's Letter of Instruction
  • Certificate of origin

What Is the rate of interest on post shipment credit fx funds?

You can take a post shipment loan for short term or long term. Interest rate will be charge according to that: - 

  •  For short term post shipment loan time period is 90 days
  • For long term post shipment loan time period is 6 months.

Related Topics

credit-report
business Credit Report
Improve Credit Report
Get Financial Statement

Join our Network of Happy Customer

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

Read More
CA Vikas Jain

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

Read More

If you want me & my team at financeseva to help you in getting Best Financial Services, Just Book a Free Call