Get a loan on pre-shipment and post-shipment costs, applies to eligible exporting manufacturing and agricultural producers only
- Imagine you’re a Durian Farmer, and you’re hoping to export the frozen durians to China. You may apply a loan with the Bank (if your business falls into sectors like agriculture and manufacturing) to finance Pre and Post-Shipment cost of your goods
- Once you receive your order from your customer, you may apply to receive cash upfront to finance associated expenses prior to shipping the goods
- With the fund available to you before your buyer makes the payment, you have additional liquidity to expand your business further
- Drawn in RM only
- Pre-shipment and Post –shipment bill must have a min nominal value of RM10,000
- Pre-shipment – max 4 months
- Post-shipment – max 6 months
- Pre-shipment loan draw down prior to shipment of eligible goods
- Bank handles and monitors the collection of export proceeds
- Obtain advance or financing before actual payment or acceptance from buyer / importer
- ECR funding rate is determined by EXIM Bank from time to time