Export Finance
Financing provided by bank basis underlying confirmed export
orders or Export LC for customers.
The purchase of bills or documents under LC by a financial institution from sellers & providing instant funds via loan after discounting the bill amount is called LC bill discounting. When documents from the seller are negotiated at the counters of a bank & a facility is drawn out of it, after shipment, it is termed as Bill Negotiation.
Features
World-class service standards of Kotak Mahindra Bank negotiates the export bills drawn under LC at very competitive rates both in INR & foreign currency provided the documents are credit compliant. Negotiation under LC is much simpler than availing regular working capital limits from a bank. Similarly, against approved credit limits, Kotak Mahindra Bank can pay the exporter the discounted value of the invoice, immediately up on shipment in INR & foreign currency at competitive rates both with world-class service standards.
Eligibility
Customers of Kotak Mahindra Bank with credit facility and current account enabled for Trade Finance.
Fees & Charges
For detailed fees and charges please contact with your relationship manager or visit our nearest branch