What you mean by Post shipment credit FX Eligibility Criteria?

Post shipment finance are generally granted from the date of extending credit & after the shipment of goods to be realization of date exporter proceeds. This allows the exporter to get quick access to credit before the importer initiates funds.

Post-shipment finance Eligibility Criteria

Eligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover& Creditworthiness …etc.

Eligibility Criteria

• • Age Limit of Individuals – 25 to 65 years
• • Individual & companies involved in export are eligible
• • Even any entity engaged in export of goods
• • This facility only availed by those exporters who has order on his own name
• • Some institutions fund for third party manufacturers who don’t have export on their own name
• • Exporter should not be in the caution list of Reserve Bank of India (RBI).

What are the factors generally affecting Post shipment credit FX eligibility Criteria?

There are top factors that generally affects post-shipment finance eligibility criteria as given below: –

Business not involved in exports of goods: – This is one of the major reasons behind not meeting the eligibility as for obtaining post shipment finance an business or individua must need to be engaged in exports of goods.

Age limit should not exceed: – As per the criteria below the age of 25 & above the age of 65 led to affect your eligibility because lenders want the surety that you are capable to repay the loan.

What are the ways to increase Post shipment credit FX eligibility?

To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.

lear existing debts: – CIf you are having existing loan, then prefer to close it as earlier as possible to avoid any kind of effect take place in credit score, a clear up to mark credit score ranging 700 above leds to increase eligibility.

Have close eye on credit report: – It always advised to keep a close eye on your credit report in regular basis & ensure whether all transaction is taking place on time, if not then keep them up to date as it will help you in increasing eligibility as the repayment capacity seems positive.