We offer a floating interest rate which is based on the six month LIBOR(London Interbank Offered Rates) for US Dollar plus a margin.
The initial line of credit to be approved is generally based on your bank’s actual requirement. The established line may also be increased when additional requirement arises. After the application is approved or the Eximbank’s decision to take the initiative to extend a line of credit is made, your esteemed bank will receive two copies of Relending agreements signed by Eximbank and then duly countersign and return the duplicate one to us.
If the tenor of the loan is twelve (12) months or less,
the relending bank shall repay the loan in one lump sum on the maturity date. If the tenor of the loan is longer than one year, repayment of the loan is in approximately equal semi-annual installments commencing twelve months after the date of Eximbank’s disbursement. The due date of the first installment is the first Scheduled Payment Date on/after twelve months of Eximbank’s disbursement. The so-called Scheduled Payment Date is defined by Eximbank as February 15, May 15, August 15 or November 15.
Department of Finance
Fax: (886-2) 2341-2517