Buyer's Credit

Get Attractive & Lowest Interest Rate On Buyer’s Credit Backed by SBLC

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    Why You Need Buyer’s Credit Service?

    Myforexeye is India’s first technology-oriented platform that provides its user with affordable, instant, and most convenient Buyer's credit quotes.

    To ensure prompt financing, we compare the lowest rates from over 99 institutions in an hour.
    To consult client, we have an in-house buyer’s credit consultant facility also.
    To get instant Buyer’s credit quotes straight from foreign lenders, you can use the Myforexeye mobile application.

    Process Flow

    Advantages of Buyer’s Credit Consultancy Service

    Attractive Quotes
    Low Arrangement Fees
    More Economical
    Forex Management

    Salient Features

    Get attractive quotes for Buyer's Credit from 99+ banks.

    Reduce price discovery timelines significantly.

    Eliminate unnecessary bargaining and negotiations with multiple brokers/banks.

    Frequently Asked Questions

    SBLC Backed Buyer's Credit refers to loans for payment of imports into India arranged on behalf of the importer through an overseas bank. SBLC stands for Standby letter of credit. The offshore branch credits the NOSTRO (in some cases funds are directly remitted to the beneficiary) of the bank in India and the Indian bank uses the funds and makes the payment to the exporter's bank as an import bill payment on due date. The importer reflects the SBLC Backed buyer's credit as a loan on the balance sheet.
    1. Request Letter by client.
    2. Offer Letter issued by Overseas Funding Bank.
    3. Trade Credit Agreement (as per the prescribed format of Overseas Bank).
    4. Scanned copy of import documents to be sent via official Mail ID of Issuing bank.
    5. Issuing Bank sends SBLC by SWIFT MT760 in the format shared by Overseas Bank.
    6. Issuing Bank sends funding request by MT799

    Raw Material - upto 360 days
    Capital Goods - upto 3 years

    Importer's Bank will issue SBLC on behalf of Importer to Overseas Funding Bank.
    You will need separate SBLC limits which may be a sub-limit of CC or if your bank permits, CC limits can be marked and SBLC issued
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    Have more questions?

    You can always contact us if you can't find your solution in our FAQ section. We will respond to you soon!

    What Clients Says

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    We are associated with Myforexeye since 2014, they have been consulting us on our forex exposures and also reforming our hedging strategies. They have been looking after our treasury managemnt effeciently.

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    We have large dollar exports and managing forex risk is critical for our overall business profitability. We have collaborated with Myforexeye for forex market intelligence and insights to take prudent and informed decisions.

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    Myforexeye significantly reduced our trade finance costs to less than half of our previous bank payments, demonstrating their effectiveness in optimizing financial strategies and expenses.

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    We have been using the services of Myforexeye for the last 2 years. Their currency market predictions and analysis are mostly accurate.

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    My experience with them has been nothing short of exceptional. If you're in search of reliable and efficient forex services. Myforexeye is the perfect choice.

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    We’ve used Myforexeye for 7+ years and are very satisfied with your prompt forex insights and market updates. Your quick calls after major global news and the Myforexeye app keep me fully informed—anywhere, anytime.

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    What We Have Achieved Till Now

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    No. of Clients Served

    We are regulated

    SEBI Registration

    Registered Investment Advisor(RIA)

    NISM-202100075147

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    Sub-Broker

    AP0091502703

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    CIN

    U65910DL2014PTC320897

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