Get Support From Buyers Credit Consultant To Make More Profit

Get Support From Buyers Credit Consultant To Make More Profit
September 26 13:18 2017 Print This Article

Getting the consultant’s support is very necessary for buyers credit and helps achieve success. From the online platform, there are a number of the instant buyers credit quotes available directly from the foreign lender. Hence, it supports to meet the need of the intermediaries that result in faster time, less interest rate. This credit facility is available for the credit facility Indian importer, and who borrow in foreign currency against their import liability. Hence, the import can be against the document, which is completed based on the payment condition. If the lender depends on the foreign bank or the foreign brand of Indian banks, then they can accept to lead at the labor interest rate on the Letter of Undertaking. Here, the imported bank will take responsibilities to repay the loan on the maturity with the interest to the major lending bank.

 What is buyers credit?

The imported credit from the overseas bank is for settlement of the payment on the different date for his/ her import. Then the respective importer can able to buy the credit against the document letter, document against the payment and much more from the overseas bank.

How it works?

Once one obtains details of the same importer document, buyers credit consultant can arrange the buyers credit quotes at the low price from their own banking sector. To access this, buyers credit consultant charges a zero cost from the importer hence you can hire such an option and get great support for the customer.

In order to make use of such service, the importer has to hire consultant that gives hand to collect the free quotes and other additional tips regarding the buyer credit. Then it helps to make money without any trouble. With the support of the Buyers credit consultant, your approach to import payments process to the major foreign client is streamlined.

Process flow:

It has an exact process flow that helps importer to move ahead in a fine manner so that it will be more comfortable for the customer to earn more profit. The steps involved are listed below-

  • Decide to take Buyer’s Credit
  • Send Query to FinByz
  • Get Quote Letter from Funding Bank
  • Request your Banker for LOU
  • Your Bank Sends LOU
  • Funding Done
  • Payment to Supplier
  • Repayment

The above process is followed for the buyers credit so it helps to make more money with no risk of it.

 Advantages of the Buyers credit:

  • The importer gets enough time to make the payment so it never affects the cash flow of the importer.
  • Exporter can get payment according to the date without delay
  • If the exporters are obtaining the payment before, the importer can negotiate with themselves
  • The fun money can be in any mode- EURO, FCY, GBP, JPY and much more options to pick as per the convenience of the customer.
  • The importer can make use of such financing for other forms of trade such the open account and collection and much more benefits
  • The movement can buy time by undertaking credit and wait for suitable currency charges to hedge it.
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