Export Cash Credit (Packing Credit) Loan
| Purpose | Financing against export/purchase order. |
| Financing Ratio: | Maximum 80% of the export/purchase order. |
| Nature | (i) Regular limit - revolving and renewable. (ii) Each deal – 'non-revolving' & 'non-renewable', however validity may be extended up to expiry date of export/purchase order. |
| Disbursement | Partially or fully upon request of the borrower along with/based on export/purchase order. |
| Principal Repayment | From export/sales bill realization or within expiry of the credit. |
| Interest repayment | On quarterly basis but prior to the expiry of the loan. |
| Security: | Against lien over export/purchase order and/or 50% coverage by the value of mortgaged collateral security. |
| Tenure: | Limit maximum for one year and in case of deal, maximum up to export/purchase order’s expiry date. |
