Trade Finance

Trade Finance means financing of International Trade. Trade Finance includes such activities as lending, issuing letter of credit, factoring, export credit and insurance etc. Companies involved with trade finance include importers & Exporters, Uttara Bank PLC.provides those companies Trade Finance Services as per their requirement. 

Key Features :

Import Finance :

1. Letter of Credit (LC) (Sight/Deferred/UPAS)
2. Back to Back Letter of Credit (BBLC)
3. Loan Against Imported Merchandize (LIM)
4. Loan Against Trust Receipt(LTR)
5. Term Loan(TL) facility for import of Capital Machinery
6. Others (PAD)

Export  Finance

1. Foreign Bill Purchase (FBP) against clean Export Documents
2. OD Against Export Documents Augment
3. OD(Export)/Packing Credit (PC)
4. Export Development Fund (EDF)
5. IBP (Advance against Inland Accepted Bill)

Purpose : Facilitating Import & Export of the Country

Customer Eligibility :

• Must be a Current Account Holder of the Bank as per norms
• Up dated clean CIB report of the party
• Running Business concern with satisfactory performance
• Valid Trade License, IRC & ERC
• Other documents as per bank’s norms.

Security :

• Registered Mortgage of Land & Building
• Personal Guarantee of the Owner(s)/Directors
• Corporate Guarantee of the Related Business Concern(s)
• Post Dated Cheque
• Hypothecation of imported/to be imported Goods/Machinery
• Export LC
• Export Documents
• Other conditions will be applicable

Interest Rate : Market Competitive

​*condition will be applicable