Importers Loan

Importers Loan

An import loan is a short-term cash advance (with recourse) that enables the customer as an importer to meet the customers immediate payment obligations under usance letter of Credit presentation .

Importers Loan
7 %
Interest Rate
Importers Loan
10.11 %
Base Rate
Importers Loan
17.11 %
Total Interest Rate

Last Updated Date: May 16, 2022

Sunrise Bank Ltd

Sunrise bank limited has provided its customers with up-to-date banking services and facilities under the motto Rising to serve. The bank was founded by renowned pioneers and its team is completely committed to creating a dedicated institution to provide all banking needs and services. The aim of this bank is to provide all kinds of individuals in every area, size of transaction and aspiration with the tailor banking service. It has approved the capital with regard to the capital structure of the bank: 5,000 million, Promoter Shares of NRs (51% of the paid-up capital), 1,140.70 million respectively. For public stock, which is 49% of the paid-up capital, 1,095.95 million. This bank is not only open for profit motive But also with the aim to be a friend who will take care of people’s financial affairs and support them. This bank is always in operation to ensure the customer's success.

Importers Loan


  • Photograph (2 copies each)
  • Citizenship and/or Passport
  • Firm/Company Registration Certificate (if applicable)
  • PAN/VAT Certificate (If applicable)
  • Article of Association (AOA) and Memorandum of Association (MOA) (if applicable)
  • Partnership Deed (if applicable)
  • PAN Certificate of the individual
  • Location Map (Residence & Office)
  • Copy of renewed/valid blue book of commercial vehicle along with route permit
  • Latest tax paid receipt or tax clearance certificate for all income (where ever applicable)

What Is Importer Loans ?

An import Loan is a short-term cash advance (with recourse) that enables the customer as an importer to meet the customers immediate payment obligations under a sight or usance Letter of Credit presentation or Import Documentary Collection. Under such arrangements, Standard Charted Bank finances the customers import commitments by making payment against the Letter of Credit or Documentary Collection and receives payment from the customer at a pre-determined date in the future. Here, the credit period between the time that the bank provides finance and the time the customer repays the bank, should be sufficient for the customer to either manufacture goods for final sale or for direct sale to end buyers. Nepal is an import based economy. Most of the raw materials for manufacturing are import based.  Trust Receipt Loans are easier and popular to finance imports through Letters of Credit facility for trading and manufacturing houses. Such loans are provided for maximum of 120 days of documents retirements. Importers loans are provided for imports under payment mode of TT, Demand Drafts and DAP facility.

Benefits Of Importer Loan

  • This will allow the customers more financial resources to clear goods from the port and manufacture, store or arrange for final sale to the end buyer
  • The supplier is independent of the process of raising finance. They need not sign any documentation, but receive payment as per the original contract terms through the Letter of Credit or Bill for Collection
  • As the customer is able to reimburse the suppliers on a sight basis or when the tenor is due, this will increase the bargaining power of the customer - typically in terms of the contract price.

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