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.
'SaveDesk’ global network of financial institutions & Banks brings the best quotes with the least turn around time in industry. Our dedicated support team ensures relentless follow ups on fund's till seamless execution of transaction.
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.
Association with more than 85+ foreign lenders makes us market leader of the industry ensuring most competitive buyer’s credit quotes always. Our seamless systems offer integration with different time zone lenders, thus offering round the clock offer letters and nostro funding for your business.