EG Financial Services

EG Financial Services Import Finance - Buyers Credit
We Eg Financial Services is expertise in arrangement of Import finance like Buyer’s Credit, Suppliers credit and LC Bill.

Import Finance - Buyers Credit
We Eg Financial Services is expertise in arrangement of Import finance like Buyer’s Credit, Suppliers credit and LC Bill Discounting. I am sharing a brief of our company’s Trade Finance Division. Buyers Credit is a cheap form of finance for importers. This is used only for payment of import bills. Buyer’s Credit refers to loans for payment of imports into India arran

ged by the importer from a bank or financial institutions outside India. Based on letter of undertaking of Importer’s bank, overseas bank credits the nostro of the importer’s bank which in turn uses the funds to make payment to the Suppliers bank against the import bill. It’s a cheap form of finance and this finance is done in USD, Euro and Yen and it costs you around 2.00%p.a as compared to 14% for your other working capital funds.

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Kolkata
700033

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09874345275

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