Import Services

Buyer's Credit

Extend your payment cycle for imports

Extend your import repayment period and ensure your suppliers are paid on time with DBS Buyer’s Credit. We offer tailored import financing packages designed to suit your company financials and business activities. We arrange payments to your suppliers in a wide range of foreign currencies, ensuring you pay on time.

 

How Buyer’s Credit works:

  1. DBS arranges a line of credit with overseas banks to help you import goods
  2. The overseas bank pays us directly, and we then pay your supplier on the import due date
  3. You then pay the overseas bank on the buyer's credit due date
  4. We can arrange import bills up to USD 20 million, ensuring a one-year line of credit for raw materials and three years for capital expenditure goods

 

Why choose DBS Buyer’s Credit?

  • Leverage our Asian insights and connectivity as you grow your business domestically and overseas
  • Benefit from our award-winning experience. DBS received The Asset’s Best Trade Finance Solution & Best Structured Trade Finance Solution awards in 2013
  • Secure foreign currency funding for your imports at competitive rates
  • Extend your payment cycle and ensure suppliers are paid on time
  • Hedge your foreign exchange outflows and mitigate foreign exchange currency risk

FAQs

Can Buyers Credit be availed if I do not have a credit facitility with DBS?

No, you must obtain a credit facility with DBS before availing Buyers Credit. Please visit us at any of our branches should you require a credit facility.

Can I utilise my existing line with another Indian Bank to secure overseas funding through DBS?

Yes, DBS can help arrange Buyer’s Credit based on an undertaking to pay on maturity received from another bank in India.

What documents do I need to submit?

You will need to provide us with a request letter and transactional documents.

How long will it take to process my application?

If we receive your application by 1pm it will be processed the same day. Applications received after 1pm will be processed the next working day.

 

How do I apply?

Simply submit your request letter and transactional documents at any of our Branches. Alternatively, you can apply via IDEAL™.