Post Shipment Credit Fx

Bank Name	Min Interest Rate	Processing Fee	Max Loan (Lacs)	Max Tenure (Month)
Bank of Baroda	5%	0.25%	1500	12
Bank of India	5.20%	0.25%	1500	12
Bank of Maharashtra	5.25%	0.25%	1000	12
Canara Bank	5.30%	0.25%	1000	12
Central Bank of India	5.15%	0.25%	1500	12
Indian Bank	5.20%	0.25%	1000	12
Indian Overseas Bank	5.40%	0.25%	1500	12
Punjab & Sind Bank	5.25%	0.25%	1000	12
Punjab National Bank	5%	0.25%	1500	12
State Bank of India	5.10%	0.25%	1500	12
UCO Bank	5.10%	0.25%	1000	12
Union Bank of India	5.25%	0.25%	1000	12
United Bank of India	5%	0.25%	1500	12
Axis Bank Ltd.	4.75%	0.50%	1000	12
Bandhan Bank Ltd.	4.80%	0.50%	1500	12
City Union Bank Ltd.	4.80%	0.50%	1500	12
DCB Bank Ltd.	4.75%	0.50%	1000	12
Digibank (DBS)	4.80%	0.50%	1500	12
Federal Bank Ltd.	4.90%	0.50%	1000	12
HDFC Bank Ltd	4.85%	0.50%	1000	12
ICICI Bank Ltd.	4.75%	0.50%	1500	12
IDFC First Bank	4.80%	0.50%	1500	12
IndusInd Bank	4.90%	0.50%	1000	12
Kotak Mahindra Bank	4.80%	0.50%	1000	12
RBL Bank Ltd.	4.85%	0.50%	1500	12
South Indian Bank Ltd.	4.75%	0.50%	1000	12
YES Bank Ltd.	4.75%	0.50%	1500	12

Apply Now EMI Calculator Eligibility Criteria Documents Check List FAQs

Loan Amount is:

₹

₹ 10L

₹ 50L

₹ 1C

₹ 1.5C

₹ 2C

₹ 2.5C

₹ 3C

Interest Rate is:

10%

15%

20%

25%

30%

Loan Tenure is:

Yr Mo

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

PHOTOGRAPHS 2
PAN CARD COPY
AADHAR CARD + PASSPORT
ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
PROCESSING FEE CHEQUE IN FAVOUR OF BANK
LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER

PROP FIRM

PHOTOGRAPH BOTH
PAN CARD CLEAR COPY PROPRIETOR
ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
LAST 1 YEAR GST RETURN COPY
FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
PROVISIONAL FINANCIAL AY 2019-20
BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS WITH CHAIN SANCTION MAP

PARTNERSHIP FIRM

PHOTOGRAPH PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
FIRM ADDRESS PROOF- LATEST ANY UTILITY BIL
PARTNERSHIP DEED COPY
GST RETURN LAST 1 YEARS
3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
PROVISIONAL FINANCIAL AY 2019-20
3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
ALL PARTNER SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH MAP

PVT.LTD

ALL DIRECTORS PHOTOGRAPH
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
ADDRESS PROOF – COMPANY AND DIRECTORS
LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE
MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP

FAQs

Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.

How much loan can I get for Post Shipment funds?

You can take Loans s for Post Shipment 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 Credit 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 Credit Fx fund?

Following documents are required for Post Shipment Credit 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.

Personal Need Loan Products

Secured Loan Products

Unsecured Loan Products

Project Loan Products