Star Export Credit


Target

  • Individuals, Proprietorship/Partnership firms/LLP/ Corporate/Trust Societies/Export Houses

Purpose

  • To meet business requirement of our existing/NTB exporters for execution of export orders.

Eligibility

  • MSME & AGRO Units having CBR 1 to 5 or (BBB & better ECR if applicable) & having entry level Credit rating .
  • Min CBR/CMR as per Product guidelines.
  • No SMA ½ in last 12 months.

(Note: Takeover of account is permitted)

Nature of Facility

  • Pre & post shipment Packing Credit (INR & USD).Inland LC/Foreign LC/SBLC Issuance and Negotiation of Bills under LC.

Margin

  • Pre-Shipment -10%.
  • Post Shipment – 0% to 10%.

Security

  • Hypothecation of assets created out of Bank finance and current assets.

Collateral

  • ECGC Cover : Mandatory for all.
  • Minimum CCR of 0.30 or FACR of 1.00.
  • Minimum CCR of 0.20 or FACR of 0.90 for Star rated Export Houses.

Concession in Charges

  • Up to 50% concession in Service Charges & PPC.

Rate of Interest

  • For INR based Export Credit: ROI starting from 7.50% p.a.

(*Terms & Conditions apply)

STAR-EXPORT-CREDIT