Trust Receipt / Import Loan

Trust Receipt loan is offered to the importer upto maximum of 90% of the value of import Letter of Credit. It is offered to meet the running requirements from the port of discharge to the warehouse of the importer. Tenure of this loan shall be for a maximum period of 120 days. Interest on this loan is charged on quarterly basis and upon maturity.

To avail this facility, you are required to obtain Letter of Credit and Trust Receipt limit, for which you are required to submit financials of last two to three years, whether audited or provisional and also projections for one year.