Post-shipment financing refers to the provision of funds to businesses after the shipment of goods or completion of services for export transactions. It helps businesses bridge the cash flow gap between shipment and receipt of payment.

Export bill discounting involves the bank purchasing your export bills providing you with immediate funds. The bank then collects the payment from the overseas buyer on the due date.

The repayment period for post-shipment financing may vary based on the terms agreed upon. It is typically structured to align with your export cash flows.

The processing time for post-shipment financing applications depends on various factors, including the completeness of documentation and the nature of the transaction. Union Bank of India strives to process applications efficiently, ensuring timely access to funds for eligible businesses.