Similar to buyers credit, this is another financial solution given by banks to importers for their capital investment extensions. The import finance loan program includes certain financing options like fixed or variable repayments, drawdown process on each transaction.
Bankers provide a wide range of services under the category of Import trade finance that includes Trust Receipt Loans, Import Invoice Financing, Collection of Import bills, Credit facilities against LOU/Standby L/C, Shipping guarantees and so on.
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