Hello Sir,
Nextgen Financials Services is expertise in arrangement of Import finance like buyers and suppliers credit.
What is Import Finance?????
Buyers Credit is a cheap form of finance for importers.This is used only for payment of import bills.
How it is beneficial to your company???
Its a cheap form of finance and this finance is done in USD, Euro and Yen and it costs you around 2.50%p.a as compared to 14% for your other working capital funds.
How it Process?????
Step 1
We need the below details at the time of payment of your bill and on the basis of that details we will arrange a quote or offer letter from the funding bank :-
1) Importer Name
2) Importer Bank and branch
3) Exporter Name and country
4) Commodity
5) Amount of the transaction
6) Tenure- 90/120/180/360 days
7) Date due for payment
On the behalf on the above details we will arrange one overseas banker for your transaction and provide the offer letter.
Step 2
You will submit our offer letter to your banker.
LOU Format is attached
Step 3
And then your bank will send the undertaking to our bank and provide the payment instructions through SWIFT message and then our bank will pay the funds as per your bank instructions.
Rate of Interest
LIBOR + 0.50-1.20% per annum (Currently 90 days Libor rate is 0.28 percent per annum)
For any other queries or more details you can call us.
Please visit our website for more details.
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