Purpose
For purchase of raw materials, processing, packing, transportation and warehousing of goods meant for export, It
has two essential features, VIZ: Existence of an export order and / or letter of credit and liquidation of the packing
credit by submission of export documents within a stipulated period
Features
Nature of Facility Pre-shipment finance extended as working capital.
Target Group
Manufacturers as well as merchant exporters, are eligible to avail Rupee Packing Credit at
concessional rate of interest.
Quantum of loan (Min/Max) : Need based Finance
Margin (%) The percentage of margin is determined depending on the nature of order, commodity,
capability of exporter, etc. keeping in view the spirit behind RBI guidelines for liberal finance to the export
Pricing : Competitive Pricing
Collateral Security : As applicable in case of Cash Credit / Working capital limits)
Repayment Period : The period for which the Bank gives packing credit depends on the manufacturing /
trade cycle or specific requirements of the individual export, normally not exceeding 180 days.
Processing Fee/Upfront Fee: As applicable to cash Credit Facility/Working Capital Limits
Eligibility Criteria
Existing Customer already availing credit facilities from us.
New units.
Takeover of existing units from other Banks/ FIs with satisfactory track record. (Credit information report to
be obtained)
Credits – SBI ( State Bank of India )