Import Duty Finance (IDF)
This product will allow you pay for shipping costs, customs and storage charges for your imports. It affords you a convenient and affordable repayment plan spread out up to a maximum of 7 months. The IDF will salvage your shipment and save you from incurring demurrage charges.
Step 1 | Make an application by filling out the Business Loan Form. Contact us |
Step 2 | You will be assigned a Business Relationship Officer (BRO), who will get in touch with you regarding additional documentation required to assess your credit application. Documents required are indicated below. |
Step 3 | If your application is successful, your BRO will notify you, and avail the letter of offer and other documents for your execution. |
Step 4 | Upon execution of the requisite documents, you will receive funding within 24 hours. |