Bank of Baroda

Rupee Export Credit (Pre-Shipment And Post-Shipment)

BOB offers both pre and post shipment credit to the Indian exporters
through Rupee Denominated Loans just as remote cash advances in India.
Exporters having affirmed send out requests or L/C from a perceived Bank
can benefit the fare credit offices from BOB gave they fulfill the necessary
credit standards. The subtleties of the credit standards can be gotten from
the closest part of the Bank. Rupee send out credit is accessible for a most
extreme time of – up to the working cycle or 360 days from the date of
payment whichever is prior. The corporate, whenever required can book
forward agreements in regard of future fare credit drawls.

Export Credit Foreign Currency

Pre-Shipment Credit In Foreign Currency (PCFC)

BOB gives PCFC in the remote money to the exporters empowering them
to finance their acquisition, fabricating/handling and pressing prerequisites.
These advances are accessible at serious worldwide loan fees taking care
of the expense of both local just as import substance of the fares. The
PCFC can be benefited in US$, Euro, GBP and Japanese Yen. PCFC in
outside cash is accessible for a greatest time of - upto the working cycle or
360 days from the date of dispensing whichever is prior like the instance of
Rupee office.

Eligibility

The corporate/exporters having affirmed send out requests or L/C are

qualified for PCFC, if they fulfill other credit standards of the Bank.
Features

The forward spreads can be reserved in regard of future PCFC drawals.

The PCFC drawals are additionally allowed in cross money subject to
exporter bearing the hazard in cash changes. The cross cash drawals are
limited to US$. On the off chance that, the fare request is in a non-assigned
money like Swiss Franc and so on. PCFC will be given distinctly in US$.
For orders in Euro, Pound Sterling and JPY, PCFC can be benefited in the
separate monetary forms or US$ at the decision of exporter.

Repayment

PCFC is to be reimbursed with the returns of the fare bill submitted after
shipment. If there should arise an occurrence of wiping out of fare request,
the PCFC can be shut by selling comparable measure of remote trade at
TT selling rate pervasive on the date of liquidation.

Export Bill Rediscounting

BOB offers financing of fare by method for charge limiting of fare bills to
give present shipment money on the exporters at serious universal pace of
premium. This office is accessible in - 4-monetary forms for example US$,
Pound Sterling, Euro and JPY. The fare bills (both Sight and Usance) can
be bought/limited gave they go along the standards of the Bank/RBI. All
exporters are qualified to cover the bills drawn under L/C, non-credit
charges under authorized cutoff points under the Bill limiting Scheme.

Baroda Exporter Gold Card

Features Of The Product

Who are Eligible

•All exporters, incorporating those in little and medium parts, having a

decent reputation and credit value contingent upon the FICO assessment
done according to bank's standards.
•The record ought to be "Standard" persistently for a long time and ought
not be in the alert rundown of ECGC or RBI.

•However, send out firms making misfortunes for as far back as three years
or having past due fare charges in overabundance of 10% of the present
years' turnover are not qualified for Gold Card.

Limits

•Based on the credit needs of the exporter fitting cutoff points for both Pre-
shipment/Post shipment will be endorsed for a time of three years subject
to yearly audit of record.

•A remain by limit up to 20 percent of as far as possible might be made

furthermore conceded for encouraging pressing credit requirements for
executing abrupt requests.

•Norms for stock might be loose if there should be an occurrence of

unforeseen fare orders, considering the size and nature of the fare request.

Rate of Interest

According to Banks' standards appropriate every once in a while

Concession in Charges

10% concession will be given to cardholders in commission and trade.

Tenor

The Gold Card will be given for a time of three years and will be
reestablished for a further time of 3 years except if any
antagonistic/anomalies are taken note