When an exporter is not ready to extend the credit for longer period to the importer under Letter of Credit transaction, our Buyers Credit product cater to such customers. It is an innovative product for the importer in India and facilitate the export backed by the Standby Letter of Credit of the authorised Importer Bank. The Customer can open the LC and finance its goods and services through our bank on the due date at very competitive rates and convenience under this product.
We can finance the transaction up to 1 year for financing short term assets and up to three years for capital assets.
This information does not consider your objectives, financial situation or needs and you should before acting on information consider its appropriateness to your circumstances. Fees and charges will apply and will be provided in the service information.
Product Issuer is State Bank of India Australia ABN 95 082 610 008 AFSL 238340