Export Loan

Export Loan

Export credits are government financial support, direct financing, guarantees, insurance or interest rate support provided to foreign buyers to assist in the financing of the purchase of goods from national exporters

Export Loan
4 %
Interest Rate
Export Loan
8.12 %
Base Rate
Export Loan
12.12 %
Total Interest Rate

Last Updated Date: November 30, 2021

Nepal Credit and Commerce Bank Ltd

Nepal Credit & Commerce Bank Ltd. (NCC Bank) formally registered as Nepal - Bank of Ceylon Ltd. (NBOC), commenced its operation on October 14, 1996 as a Joint Venture with the Bank of Ceylon, Sri Lanka. It was then the first private sector Bank with the largest authorized capital of NRS. 1,000 million. The Head Office of the Bank is located at Bagbazar, Kathmandu. The name of the Bank was later changed to Nepal Credit & Commerce Bank Ltd., (NCC Bank) on 10th September, 2002, due to transfer of shares and management of the Bank from Bank of Ceylon, to the Nepalese Promoters. NCC Bank completed 23 years of its banking services on October 14, 2019 and recently entered into a historic merger with four Development Banks – Infrastructure Development Bank Ltd., Apex Development Bank Ltd., Supreme Development Bank Ltd. and International Development Bank Ltd. NCC Bank started its joint transaction from January 01, 2017 has now become one of the largest private sector commercial banks. At present NCC provides banking services and facilities to rural and urban areas of the country through its 120 branches, 85 ATMs and 4 Extension Counters scattered all over the country from Far West to Far East. The Bank has developed a corresponding agency relationship with more than 150 International Banks having a worldwide network.

Export Loan

REQUIRED DOCUMENTS

  • Citizenship certificate
  • PAN Certificate
  • Company Registration Certificate
  • Credit limits sanctioned by the bank.

What Is Export Credit?


An export credit offers trade finance and other services to facilitate domestic companies' international exports. Like other countries, Nepal also provide loans, loan guarantees and insurance to help eliminate the uncertainty of exporting to other countries. The purpose  is to support the domestic economy and employment by helping companies find overseas markets for their products. It can be government agencies, quasi-governmental agencies or even private organizations including the arms of commercial financial institutions. Export credits are government financial support, direct financing, guarantees, insurance or interest rate support provided to foreign buyers to assist in the financing of the purchase of goods from national exporters. A loan extended to finance a specific purchase of goods or services from within the creditor country. Export credits extended by the supplier of goods such as when the importer of goods and services is allowed to defer payment are known as supplier’s credits; export credits extended by a financial institution, or an export credit agency in the exporting country are known as buyer’s credits.The common products found in trade and export transactions are the following:

  • Import/ Export Letters of credit (L/C)
  • Loans for Import/Export (can be covered with credit insurance products)
  • Performance Guarantees and Standby Letters of Credit
  • Supply Chain Finance (Payables Finance)
  • Some instances of specific Project finance / Commercial finance
  • Products for which an export credit  has provided a state-backed guarantee or insurance to the financing bank
  • Banks’ lending related to public credit risk transfers and political risk mitigation
  • Bank lending in public-supported trade facilitation transactions

In addition, to support companies to export and thrive in a global economy, Export Finance is also a critical part of the development finance and sustainable finance agendas (with Export Finance having some of the highest ratios of sustainability / total transactions in the market. Given the high level of compliance and rules governing the transactions, all steps can be traced from importer to exporter, banks and ECAs, ensuring that transparency, public support interests and international agendas .


 

 


 

 

 

 

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