Packing Credit Limit

Packing credit is similar to pre-shipment credit in that it is used by exporters to fund the purchase of raw materials, processing, working capital, and the expansion of their firm. You can get a loan against raw material stock and ready-to-ship materials.

Low Initial Payment

Enticing EMI

Instant Acceptance

No guarantor

Used Vehicle Loans

Refinance Existing Loans

Eligibility Criteria

The eligibility criteria are determined by a variety of elements such as the individual's age, repayment history, business sales/turnover, and creditworthiness, among others.

  • Mid-sized and large corporations
  • Only exporting businesses are eligible.
  • The minimum corporate turnover should be 500 crores.
  • A strong credit history is required.

Documents Required

  • Two Photographs
  • Pan Card Copy
  • Aadhar Card + Passport
  • Address Proof – If Rented, also require Permanent Address Proof
  • Last 3 Years Form-16, ITR with Computation of Income (if filed)
  • Last 1 Year Bank Statement – Salary Account
  • Loan Schedule & Sanction Letter (if running)
  • Complete Property Papers with Chain & Map + ATS
  • Processing Fee Cheque in favour of the Bank
  • Last 3 Months’ Salary Slip + Appointment Letter
  • Photograph Both
  • Pan Card Clear Copy – Proprietor
  • Address Proof (Passport, Voter ID Card) – Proprietor
  • Office Address Proof Latest (Electricity Bill, Telephone Bill)
  • Firm Registration Certificates & GST Registration Copy
  • Last 1 Year GST Return Copy
  • Firm 3 Years ITR Computation, Profit & Loss A/C, Balance Sheet, Tax Audit Report, All Schedules & Annexures
  • Provisional Financial AY 2023–24
  • Bank Accounts (Current Account, CC Account, OD Account – Last 1 Year Updated)
  • 6 Month Saving Account Statement Updated (Proprietor)
  • If Running Any Loan – Provide Sanction Letter and Repayment Schedule
  • Agreement to Sell Copy
  • Property Papers with Complete Chain & Sanction Map
  • Photograph – Partners
  • Pan Card – Company and All Partners
  • Address Proof – All Partners (Passport, Voter ID, PAN Card, Aadhaar)
  • Firm Address Proof – Latest Utility Bill
  • Partnership Deed Copy
  • GST Certificate
  • GST Return – Last 1 Year
  • 3 Years Company ITR, Computation, Profit & Loss A/C, Balance Sheet, Audit Report (3CB, 3CD), All Annexures & CA Certified Schedules
  • Provisional Financials – AY 2023–24
  • 3 Years All Partners’ Individual ITR + Computation
  • Firm Bank Statements – All Accounts, Last 1 Year Updated
  • All Partners’ Saving Account Statements – Last 6 Months
  • If Any Running Loan – Latest Sanction Letter + Repayment Track Records/Schedule
  • Agreement to Sell Copy
  • Complete Property Papers – Chain of Documents with Map
  • All Directors’ Photograph
  • Clear PAN Card – Company and All Directors
  • Address Proof – Company and Directors
  • List of Directors & Shareholders – CA Certified as on Date
  • Memorandum Order in Hand and Complete Copy (if applicable)
  • GST, Sales Tax, VAT, and SSI Registration Certificates
  • 1 Year GST Returns
  • All Directors’ Individual ITR & Computation – Last 3 Years
  • Last 3 Years Complete Financials with Tax Audit Report and Annexures
  • Provisional Financials for Last FY or Month-wise Sales Figures for Last 1 Year
  • Company’s Bank Account Statements – Last 1 Year (Updated)
  • All Directors’ Savings Account Statements – Last 6 Months
  • If Any Running Loan – Latest Sanction Letter and Repayment Schedule
  • Agreement to Sell Copy
  • Property Papers – Complete Chain with Sanction Map

FAQs

Got questions? Our FAQs have answers and a sprinkle of humor. Dive in and discover more!

1. What is the Packing Credit Limit?

Packing Credit is a loan given by a bank to an exporter to finance the purchase, processing, manufacture, or packing of products before shipment.

2. How can I obtain funds for Packing Credit Limit?

You can obtain a Packing Credit Limit from either the private or public sector.

3. When do I have to pay back the Packing Credit Limit fund?

You must return Packing Credit Limit I within 6 months.

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