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The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.
There are multiple types of export finance one such is project finance generally used to do funding on infrastructure projects. This facility helps the debt off the project sponsor balance sheet & work as an unsecured loan if the project gets default, then overall responsibility undertaken by lenders. Hence, it’s most preferred finance as the risk level is nil.
Eligibility Criteria depends on various factors like repayment history, business sales/turnover& Creditworthiness …etc.
There are few factors that generally affects Eligibility Criteria as given below: –
None – collateral: – Lender check whether you own any collateral/assets on your name or not, if not then preferably your chances get lower due to none-collateral.
Financial Statement: – If you were unable to maintain & keep eye on financial statement, it would affect your eligibility as due to lack of professional maintenance you fall to miss payment which give a negative mark.
To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.
Maintain good financial history: – Maintaining a good financial history is only possible when you do credit card & existing loan EMI payments on time without making any default, not applying for multiple card with low usage of card with the ratio of 30% from actual limit.
Boost your creditworthiness: – On regular basis check your credit creditworthiness by getting credit report & make sure whether all payments are taking place on time. This will help you to increase eligibility as well as creditworthiness.
Yes, Collateral security is requiring for Export Project Funding
Some other securities you have to pay in Export Project Funding: –
If, you want to apply for Export Project Funding firstly, you have to download the application form and fill all necessary details given in in the form then attach documents with the application form which is required for that and wait for the approval.
There are some documents you required for Export Project Funding:
There are some benefits of Export Project Funding like it is easy to apply on low Rate of Interest with minimal paper work.
Get funded for your Export Project, whether it’s a new & existing project. Many lenders offer this credit facility to business owners who engage in export. These funds cover up construction, procurement & other expenses.
Project Export Finance is not for only earn foreign exchange but also provides an opportunity to the industry in providing additional avenues of growth and employment.
