Apart from term and working capital loan we assist you to avail packing credit also.
Packing credit can be described as pre shipment finance given to exporters with a low interest rate to encourage exports. It is generally given by authorized bank to promote exporters to earn foreign currency to strengthen financial position of a country.
As quoted by RBI about packing credit – “No Export Order should suffer for want of finance”. This says all regarding the aim of packing credit finance to exporters.
The main motive of Packing Credit Finance is to permit the exporter to procure process, manufacture or store the goods for export. Packing credit refers to the credit granted by bank to an exporter to enable to pack the goods. This can be considering as short-term working capital advance.