Pre-Shipment Credit INR | Flexible Financing By Financeseva

Bank Name	Min Interest Rate	Processing Fee	Max Loan (Lacs)	Max Tenure (Month)
Bank of Baroda	7.50%	0.25%	1500	12
Bank of India	8..00%	0.25%	1000	12
Bank of Maharashtra	7.75%	0.25%	1500	12
Canara Bank	7.70%	0.25%	1000	12
Central Bank of India	8.10%	0.25%	1500	12
Indian Bank	8.25%	0.25%	1000	12
Indian Overseas Bank	8.35%	0.25%	1000	12
Punjab & Sind Bank	7.50%	0.25%	1500	12
Punjab National Bank	7.75%	0.25%	1500	12
Punjab National Bank	7.85%	0.25%	1000	12
State Bank of India	8.10%	0.25%	1500	12
UCO Bank	7.75%	0.25%	1000	12
Union Bank of India	8.15%	0.25%	1500	12
United Bank of India	7.75%	0.25%	1000	12
Axis Bank Ltd.	7.50%	0.50%	1500	12
Bandhan Bank Ltd.	7.80%	0.50%	1000	12
City Union Bank Ltd.	7.85%	0.50%	1000	12
DCB Bank Ltd.	7.90%	0.50%	1500	12
Digibank (DBS)	7.85%	0.50%	1000	12
Federal Bank Ltd.	7.80%	0.50%	1000	12
HDFC Bank Ltd	7.80%	0.50%	1500	12
ICICI Bank Ltd.	7.75%	0.50%	1500	12
IDFC First Bank	7.75%	0.50%	1000	12
IndusInd Bank	7.70%	0.50%	1500	12

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Eligibility Criteria

What you mean by Pre shipment credit INR Eligibility Criteria?

Pre-shipment facility allow you to get fund for expanding export growth just through the aid of trade receivable. It works as a working capital assistance for the purpose to procure raw material, processing & manufacturing of goods quality until the shipment takes place.

Pre-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
• Merchant exporters
• Manufacturer exporters
• This facility only availed by those exporter 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 Pre shipment credit INR Eligibility Criteria?

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

Not being an Exporter: - Pre-shipment facility only can be obtained if you meet the mandatory requirements of being a exporter. Therefore, being not an exporter, you fail to meet the criteria.

Exporter should not be in the caution list of RBI: - An exporter would be caution- listed by the Reserve Bank based on the recommendations of the AD bank concerned, depending upon the exporters track record with the AD bank and investigative agencies. The AD bank would make recommendations in this regard to the Regional Office concerned of the Foreign Exchange Department of the Reserve Bank in case the exporter has come to the adverse notice of the Enforcement Directorate (ED) / Central Bureau of Investigation (CBI) / Directorate of Revenue Intelligence (DRI) /any such other law enforcement agency and/or the exporter is not traceable and/or is not making sincere efforts to realise the export proceeds.

What are the ways to increase Pre shipment credit eligibility?

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

pen account with preferred lenders: - OThis considered to be the best way to increase eligibility, by opening a bank account with your preferred lender 1 year earlier of availing loan will build trust to lender & a good financial history help them to know your creditworthiness.

Must hold Import & Export code no: - For any person doing import & export needs to get IEC Code on mandatory basis. As if you already owned it, then it shows how legally you are following the protocol & even enhances your eligibility strength to get finance.

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 BILL
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

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 can I get Pre Shipment Credit funds?

Pre-shipment credit loan you can take from Private or Government.

What Is the Rate of Interest on Pre Shipment Credit funds?

The Rate of Interest on Pre Shipment Credit is 0.75%.

When I have to repay Pre Shipment Credit fund?

You have to repay Pre Shipment Credit fund over 6month.

Who is Eligible for Pre Shipment Credit?

Your age should be- 25 to 65 years
Merchant exporters
Manufacturer exporters
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.

What are the documents required for Pre Shipment Credit funds?

Some document required for Pre Shipment Credit: -

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

What is Pre Shipment Credit INR?

Pre Shipment means loan provided by the banks to an exporter for financing the purchase, processing, manufacturing or packing of goods before shipment.

Personal Need Loan Products

Secured Loan Products

Unsecured Loan Products

Project Loan Products

Pre Shipment Credit (INR) @7.50% Onwards

Pre Shipment Credit (INR)