Buyers Credit

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Buyer’s credit is also referred to as financial credit. In this kind of a financial arrangement, a financial institution or bank extends a loan to foreign buyers. The loan is also extended to a bank in the importing country in order to bear the expenses for purchase of goods from the exporting country. It is beneficial to local importers since they can access cheaper foreign funds . Buyer’s Credit availed by the importers should be need based and tenure of the Buyers’ Credit should be within their normal operating cycle. Rollovers of the Buyer’s Credit should be permitted only after seeking justification from the borrower or independently assessing the requirement for the same. The transaction should be for imports into India. Short Term Trade Credit is not permitted

  • for any Merchanting trade /Intermediary trade transactions,
  • for financing advance payment for imports and
  • financing purchase by entities in Domestic Tariff Area (DTA) from units in Special Economic Zone (SEZ) / 100% Export Oriented Units (EOU).

Import should be permissible under the current Foreign Trade Policy.

*Conditions apply: Loans are at the sole discretion of Finance Companies and are subject to guidelines of the Reserve Bank of India. SSFS may engage the services of marketing agents for the purpose of sourcing loan assets in certain locations.

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