Short description
The supplier may require payment of the goods before shipment. Pre-shipment Finance will provide finance in these circumstances
This loan is:
- A short term lending solution for up to 180 days.
Post Shipment Finance
Finance goods exported that are not covered by a Letter of Credit. Seller may require discounting of their invoices upon shipment to assist with cash flow up to receipt of funds from buyer.
A short term lending solution for up to 180 days. Gives the security of dealing with a bank even without a Letter of Credit.
Facility Establishment:
- Minimum facility amount A$250,000.00 fully secured
- Full credit analysis and approval process takes approximately 10 working days.
| Feature |
Description |
| Loan Amount |
Minimum drawdown amount: $5,000
No maximum amount |
| Interest options |
Loan rates are calculated using a competitive base rate plus a customer margin.
Rates are individually priced to purpose, term, current market and security.
Principal and Interest Fixed rate for the set period.
At Call - rate fluctuates in line with market rates until maturity date. |
| Interest charging |
Interest may be compounded monthly into the loan and payable at maturity. |
| Repayments |
Fixed: Repaid in full at maturity
At Call:Repayments can be made at any stage of the term with full payment required at maturity. |
| Loan Term |
Pre Shipment Finance:
Minimum 14 days
Maximum 180 days
Post Shipment Finance:
Minimum 7 days
Maximum 180 days
|
| Security |
Fully secured facility. Many forms of security may be accepted including cash and property. |
| Fees |
|
Fees and charges vary for each transaction |
Please speak to a Trade Finance Specialist on +61 07 3362 1902. |
All trade finance facilities are available to approved applicants only and are subject to fees and charges. Terms and Conditions also apply. Risks are involved in utilising foreign currency products and independent legal and accounting advice should be sought in relation to the risks involved and the suitability of these products for your specific needs.
