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Packing Credit Loan in Foreign Currency (PCFC)

Features

Packing Credit Loan in Foreign Currency (PCFC) is a form of pre shipment finance to exporters at internationally competitive rates.

 

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Provided to an exporter as a form of pre shipment finance to exporters at internationally competitive rates
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Rate of interest is linked to ARR
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The exporter will have a choice of currency i.e. USD, GBP, Euro etc.
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Period is based on Export Cycle, up to 6 months(180 days).

Eligibility

  • Applicant shall be an Exporter
  • All Corporates having turnover of Rs.500 Crores and above.

Security

Primary
  • Hypothecation / extension of Hypothecation charge over the underlying current assets.
 
Collateral
  • Extension of charge over Fixed Assets
  • Additional tangible security such as immovable properties / bank deposits etc. 
 
Others
  • Personal guarantee of proprietors / partners / promoters
  • Corporate guarantee 

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