Right Finance at the Right Time
At SVC Bank, we provide post-shipment credit, by way of Bill Discounting or Advance against Export Receivables, up to a certain period as approved by Reserve Bank of India. The facility is in the form of loan / advance granted to an exporter. The loan can also be given against the security of export incentives such as duty draw back and also against undrawn balances in the invoice.
Export Bills Discounting / Negotiation Export Bills tendered by customers, either under LC / direct exports, will be negotiated / discounted.