Program Title: Domestic Trade Financing
Program Objective: To provide working capital for local trade transactions.
Eligible Borrowers:
– Manufacturers, traders of various industry sectors
Loan Purpose: working capital
Terms/Requirements:
Loan Amount: Up to 80% of Domestic Letter of Credit (DLC), confirmed Purchase Order (PO) or Sales Confirmation (SC), subject to the Bank’s credit risk rating.
Interest Rate: Prevailing bank interest rate payable and subject to
review every thirty days
Maturity: LC expiry date/15 days after shipment date of PO, SC
Security:
– Real Estate Mortgage (REM)
Support:
– Continuing Suretyship of Principal Owners
– Post dated checks (PDCs)
Contact Details:
EXPORT AND INDUSTRY BANK
Export Bank Plaza, Export Bank Drive corner Chino Roces Avenue Makati City
Andres F. Ibarra
Unit Head
Corporate Banking Group
Phone: 878.0201
E-mail: afibarra@exportbank.com.ph
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