How much loan can I get for Post Shipment Credit?
You can take Loans s for Post Shipment up to 10 crores or more than according to your needs.
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
5%
|
0.25%
|
1500
|
12
|
|
|
5.20%
|
0.25%
|
1000
|
12
|
|
|
5.25%
|
0.25%
|
1500
|
12
|
|
|
5.10%
|
0.25%
|
1000
|
12
|
|
|
5.25%
|
0.25%
|
1000
|
12
|
|
|
5.30%
|
0.25%
|
1000
|
12
|
|
|
5%
|
0.25%
|
1500
|
12
|
|
|
5.10%
|
0.25%
|
1500
|
12
|
|
|
5.5%
|
0.25%
|
1000
|
12
|
|
|
5%
|
0.25%
|
1500
|
12
|
|
|
5.25%
|
0.25%
|
1000
|
12
|
|
.png)
|
5.25%
|
0.25%
|
1500
|
12
|
|
|
5.20%
|
0.25%
|
1000
|
12
|
|
|
4.75%
|
0.50%
|
1000
|
12
|
|
|
4.80%
|
0.50%
|
1500
|
12
|
|
|
|
4.85%
|
0.50%
|
1500
|
12
|
|
|
4.85%
|
0.50%
|
1000
|
12
|
|
|
4.85%
|
4.80%
|
1000
|
12
|
|
|
4.85%
|
4.90%
|
1500
|
12
|
|
|
4.75%
|
0.50%
|
1500
|
12
|
|
|
4.75%
|
0.50%
|
1500
|
12
|
|
.png)
|
4.90%
|
0.50%
|
1000
|
12
|
|
|
4.75%
|
0.50%
|
1500
|
12
|
|
|
4.80%
|
0.50%
|
1000
|
12
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
5% |
|
|
|
5.20% |
|
|
|
5.25% |
|
|
|
5.10% |
|
|
|
5.25% |
|
|
|
5.30% |
|
|
|
5% |
|
|
|
5.10% |
|
|
|
5.5% |
|
|
|
5% |
|
|
|
5.25% |
|
|
|
5.25% |
|
|
|
5.20% |
|
|
|
4.75% |
|
|
|
4.80% |
|
|
|
4.85% |
|
|
|
4.85% |
|
|
|
4.85% |
|
|
|
4.85% |
|
|
|
4.75% |
|
|
|
4.75% |
|
|
|
4.90% |
|
|
|
4.75% |
|
|
|
4.80% |
|
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.
Eligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover& Creditworthiness ...etc.
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.
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.
How much loan can I get for Post Shipment Credit?
You can take Loans s for Post Shipment up to 10 crores or more than according to your needs.
What documents required for Post Shipment INR fund?
Following documents are required for Post Shipment INR fund: -
What Is the Rate of Interest on Post Shipment Credit funds?
You can take a Post Shipment Loan for short term or long term. Interest Rate will be charge according to that: -
What is Post Shipment Credit INR fund?
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.
Who is eligible for Post Shipment INR fund?
It is available for all types of exporters or seller: -
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.
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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...
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