India's First Technology Platform that offers cheap, instant & convenient BC quotes
Import financing is an option which helps the Importer to bridge working capital demand with cheaper cost of funds, as it is linked to LIBOR/EURIBOR(foreign currencies). Under import finance, banks can fund up to 100% on overseas import, which includes VAT, freight & duty costs.
Import trade finance helps you to build a security around trades and mitigate risks. When it is not possible to raise capital, import finance comes to your rescue. The importer can grow their business without dealing on the equity, investments or even without losing any share.
A financial solution that provides access to cheap foreign funds, availed to the importer. BC facilitates simple payments against imports on the specified due date. The short term credit transaction is based on a bank guarantee (LC) by the importer’s bank. The rates quoted by the overseas financial institution is close to libor rates, making it cheaper than the general interest rates.
Supplier’s credit is an importer’s product, where importer is unable to make at sight payment to Exporter and the Importer needs a credit period. Importer’s bank commits to pay usance bill under LC to an overseas bank on due date as per LC terms. Thus, allowing importer to bargain better rates and giving credit period.
"SaveDesk lays down the foundation of : Transparency, Confidentiality and Trust. They not only helped us save cost on immediate basis but also provided us with a sustainable solution going forward."
They are a team of amazing and self-driven, motivated members and they have been a great team to work with and for savings, as their company name suggests.
We do get a lot of foreign remittances and it is at times impossible to track the pricing and other financial intricacies. With SaveDesk, you can rest assured that you are in SAF(V)E hands. SaveDesk's support is largely responsible for the dramatic lowering of the Bank charges and thereby resulting in increase in our profits and revenue.
SaveDesk! Finally a start up which has taken up the task of bringing financial fairness in current banking cost structure. They are a team of highly qualified & experienced ex-bankers and not only act as our extended finance team but also our in-house advisors on various important financial decisions of the company. I strongly recommend services of SaveDesk who has helped us benefit from their efficient and reliable advisory support.