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Power Up Production for Export Orders – Instantly!

Speed Up Production and Fulfill Export Orders Quickly with Instant Funding!

Overview

Exporters can finance the procurement of raw materials, processing, manufacturing, and packing of items intended for export by using Packing Credit, a short-term pre-shipment loan. It guarantees that companies have the working cash needed to promptly complete export orders.

Features

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Available in Domestic and Foreign Currencies.
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Lower Interest Rates compared to standard loans.
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Directly Linked to Confirmed Export Orders.
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Convertible into Post-Shipment Loan if required.
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Flexible Repayment Terms based on the export cycle.
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Primarily Secured by Export Documents or Orders.
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Additional Collateral Options may include inventory, property, or fixed.

Benefits

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Supports Pre-Shipment Working Capital Needs for businesses.

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Provides Liquidity to cover production and shipping expenses.

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Boosts Cash Flow by financing raw material procurement and processing.

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Improves Exporter Competitiveness through timely order completion.

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Lowers Interest Burden with concessional interest rates.

Eligibility Criteria

  • The applicant must be a registered exporter.
  • Must have a confirmed export order or letter of credit from a buyer.
  • Satisfactory creditworthiness and financial track record.
  • The export contract should comply with RBI and FEMA guidelines.

Documents Required

  • Export Order Copy or Letter of Credit
  • Import-Export Code (IEC) issued by DGFT
  • PAN Card & Aadhaar Card of the business owner(s)
  • Address Proof (e.g., Electricity Bill, Rent Agreement, etc.)
  • GST Registration Certificate and Udyam Certificate
  • Business Registration Proof (e.g., Partnership Deed, Incorporation Certificate, etc.)
  • Income Tax Returns (ITR) for the last 2-3 years
  • Bank Statements for the last 6-12 months
  • Audited Profit & Loss Statement and Balance Sheet (for loans over ₹10 lakh)
  • Loan Repayment Track Record (if applicable)

Frequently Asked Questions

The repayment period for Packing Credit (Pre-shipment Credit) depends on the export order and the agreed terms. According to RBI guidelines, the typical repayment period is:
  • Up to 180 days from the date of disbursement.
  • In special cases, it can be extended up to 360 days with the bank's approval.
  • If the shipment is delayed beyond the sanctioned period, the bank may convert the Packing Credit into a demand loan or apply a higher interest rate.

Packing Credit can be availed in both Indian Rupees (INR) and Foreign Currency (PCFC – Packing Credit in Foreign Currency), depending on the exporter's preference and the bank's offerings.

The interest rate for Packing Credit in India varies across banks and depends on factors such as the borrower's creditworthiness, loan tenure, and prevailing benchmark rates.

Feel free to get in touch with us

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