Export Packing Loan - Packing Credit Loan | OCBC Business Banking SG
Packing Loan

Packing Loan

Pre-export financing to buy the goods required for shipment to your buyer

Why you will love this

Financing with Letter of Credit or confirmed sales contract

Free up your funds for better cash flow management

Reduced hassle through direct funds remittance to your supplier

Features and benefits

Assist with short-term working capital needs

Facilitate the financing for preparation of goods for shipment under confirmed sales contracts or Letter of Credit.

Facilitate the financing for preparation of goods for shipment under confirmed sales contracts or Letter of Credit.

Quick access to funds

Quick access to cash flow, with short turnaround from request to drawdown.

Quick access to cash flow, with short turnaround from request to drawdown.

Direct payment to suppliers

No need for an additional step of making payment to your suppliers.

No need for an additional step of making payment to your suppliers.

How it works

Step 1

Submit your application with supporting trade documents

Step 2

OCBC will provide financing

Step 3

Repay your loan at the maturity date
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Fees and charges

0.25 % of invoice amount. Minimum fee of S$100 applies.

Interest charges apply.

Important notice

You can only apply for a Packing Loan application if you have a trade finance credit facility with OCBC.

Ways to apply

Apply for a Packing Loan today

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