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YOUR IMPORT BILL IS YOUR LOAN TICKET

Savvy importers know how to make best use of Buyer’s Credit. Loans are cheaper abroad than in India. In order to pay for the imported goods, the buyer’s bank gets credit from a foreign bank. This gives the international buyer the ability to get a loan in the local currency of the exporter. Such loans are much cheaper than domestic loans since they are charged closer to the LIBOR rate.