Import Duty Finance
This is a short term facility granted to importers of permissible goods and services to bridge funding gap in the payment of import duties and charges. It is designed to help prevent importers from suffering unnecessary demurrage charges.
- Loan accessible to importers of authorized goods & services.
- Loan amount depends on credit evaluation and ability to repay.
- Business must have existing cashflow to support repayment.
- Tenor not exceeding 120 days.