WIN IN FOREIGN EXCHANGE

Service Profile

Packaged loan refers to a specialized loan issued to a customer for the purpose of stocking goods under the letter of credit, upon request, by retaining the original letter of credit in favor of the customer before submitting the documents.

Service Advantages

The financing amount is generally 80% of the L/C amount and up to 100% of the L/C amount.

The financing period is generally one month and up to six months after the validity of the letter of credit.

The financing currency can be RMB or foreign currency.

Service Function

Increase trading opportunities - If the customer has insufficient or unwilling to occupy too much of their own funds, and the foreign importer is unwilling to make advance payments to the customer, the customer can accept settlement by letter of credit, thereby increasing the trading opportunities.

Relieve financial pressure - Customers can pay for various expenses such as pre export purchasing, processing, transportation, etc. with a small amount of their own funds and a packaged loan, and then repay the loan after the export proceeds.