Overview

You can get your export documents discounted/purchased or get rupee advance against Export Bills sent on collection/ under LC at competitive interest rates.

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Features &
Benefits

Features & Benefits

  • imgHelps you bridge the working capital gaps by converting receivables to cash
  • imgObtain quick funds disbursement

How it works?

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After the exporter has shipped the goods, he/she prepares the necessary documents as requested by the buyer.
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Customer (exporter) submits documents for collection to Axis Bank and requests for post-shipment finance (purchasing / discounting of bill)
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Axis Bank credits the bill amount to the customer account subject to availability of credit lines on the exporter and forward the documents to the overseas buyer's bank/buyer directly.
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Buyer's bank will release the documents to the buyer after receipt of payment or acceptance.
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Buyer’s bank remits bill proceeds to Axis Bank at sight or on due date after which Axis Bank liquidates the loan.
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Fee &
Charges

Fee & Charges

SOC-Trade

 

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Disclaimer:

Product offering is subject to certain eligibility criteria as per Bank's internal policy and is subject to Bank's discretion