Due to the high unit price of machinery and the long payback period, foreign buyers often request to purchase in installments. In order to assist manufacturers to expand their markets, Eximbank provides Medium and Long-Term Export Credit with long terms and extremely favorable interest rates. With this credit, our manufacturers can obtain the payment after the export of machinery and equipment, and foreign buyers can repay the payment in installments. It can not only increase the willingness of foreign buyers to purchase our country's machinery and equipment but also enhance the competitiveness of domestic machinery and equipment in the international market.
Please contact us and provide the name of the machinery and equipment, the transaction amount, the required loan amount and length of time, the name of the foreign buyer and the guarantee bank, etc. We will make preliminary loan planning for your company first.
The foreign buyer shall pay at least 15% of the purchase price as deposit, and the remaining 85% of the purchase price must be guaranteed by a Stand-by L/C or Deferred Payment L/C issued by the buy's correspondent bank which is approved by Eximbank. After the credit is approved, the contract is signed, the products are shipped and also the Export Credit Insurance is acquired from Eximbank, you can apply for loan disbursement with all the required documents.
If you would like to know more about the details, please feel free to contact us. Medium and Long-Term Export Credit is easy to apply and the interest rate is competitive. It is definitely the best financing tool for your company to expand into overseas markets.