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Packing Credit Loan in Foreign Currency (PCFC)

Packing Credit Loan in Foreign Currency (PCFC)

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

  • Features
  • Eligibility
  • Security
  • Provided to an exporter as a form of pre shipment finance to exporters at internationally competitive rates
  • Rate of interest is linked to LIBOR
  • The exporter will have a choice of currency i.e. USD, GBP, Euro etc.
  • Period is based on Export Cycle, up to 6 months(180 days).
  • Applicant shall be an Exporter
  • All Corporates having turnover of Rs.500 Crores and above.
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