Buyer’s credit is a short-term working capital trade credit loan extended to an importer by an overseas lender such as a bank or financial institutions in International Financial Services Centres (IFSCs) located in India as well as overseas to finance, for the goods they are importing. The overseas bank usually lends the importer based on a bank guarantee issued by importer’s Bank.

We issue guarantees** for availing of buyers credit or arrange buyer’s credit through our overseas branches at a very competitive interest rates, as prescribed in trade credit under ECB framework, for imports of capital/non-capital goods permissible under the Foreign Trade Policy of the Government of India.