| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | Chances of Loan Approval | |
|---|---|---|---|---|---|---|
Bank of Baroda
|
5% | 0.25% | 1500 | 12 |
|
|
Bank of India
|
5.20% | 0.25% | 1000 | 12 |
|
|
Bank of Maharashtra
|
5.25% | 0.25% | 1500 | 12 |
|
|
Canara Bank
|
5.10% | 0.25% | 1000 | 12 |
|
|
Central Bank of India
|
5.25% | 0.25% | 1000 | 12 |
|
|
Indian Bank
|
5.30% | 0.25% | 1000 | 12 |
|
|
Indian Overseas Bank
|
5% | 0.25% | 1500 | 12 |
|
|
Punjab & Sind Bank
|
5.10% | 0.25% | 1500 | 12 |
|
|
Punjab National Bank
|
5.5% | 0.25% | 1000 | 12 |
|
|
State Bank of India
|
5% | 0.25% | 1500 | 12 |
|
|
UCO Bank
|
5.25% | 0.25% | 1000 | 12 |
|
|
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Union Bank of India
|
5.25% | 0.25% | 1500 | 12 |
|
|
United Bank of India
|
5.20% | 0.25% | 1000 | 12 |
|
|
Axis Bank Ltd.
|
4.75% | 0.50% | 1000 | 12 |
|
|
Bandhan Bank Ltd.
|
4.80% | 0.50% | 1500 | 12 |
|
|
|
Bandhan Bank Ltd.
|
4.85% | 0.50% | 1500 | 12 |
|
|
City Union Bank Ltd.
|
4.85% | 0.50% | 1000 | 12 |
|
|
DCB Bank Ltd.
|
4.85% | 4.80% | 1000 | 12 |
|
|
Digibank (DBS)
|
4.85% | 4.90% | 1500 | 12 |
|
|
Federal Bank Ltd.
|
4.75% | 0.50% | 1500 | 12 |
|
|
HDFC Bank Ltd
|
4.75% | 0.50% | 1500 | 12 |
|
|
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ICICI Bank Ltd.
|
4.90% | 0.50% | 1000 | 12 |
|
|
IDFC First Bank
|
4.75% | 0.50% | 1500 | 12 |
|
|
IndusInd Bank
|
4.80% | 0.50% | 1000 | 12 |
|
|
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 Post-shipment finance Eligibility Criteria
Eligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover& Creditworthiness ...etc.
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 INR eligibility?To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.
Clear existing debts: - If 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.
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
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 DEED COPY
GST CERTIFICATE
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
FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
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
PHOTOGRAPH PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL
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
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.
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You can take Loans s for Post Shipment up to 10 crores or more than according to your needs.
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Following documents are required for Post Shipment INR fund: -
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You can take a Post Shipment Loan for short term or long term. Interest Rate will be charge according to that: -
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Post Shipment Credit INR is a type of fund provided by the bank to the exporter or seller against a shipment that has already been made.
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It is available for all types of exporters or seller: -
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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.
CA Vikas Jain - Our Mentor
9863-02-02-02