Star Export Credit

Target

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

Nature of Facility

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

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.

Purpose

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

Security

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

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.