Buyers credit is the credit availed by an Importer (Buyer) from overseas Lenders i.e. Banks and Financial Institutions for payment of his Imports on due date. It is a financial arrangement in which a bank or financial institution, or an export credit agency in the exporting country, extends a loan directly to a foreign buyer or to a bank in the importing country to pay for the purchase of goods and services from the exporting country. Buyers credit helps local importers access to cheaper foreign funds linked to LIBOR rates as against local sources of funding which are costly compared to LIBOR rates.We specialize in arranging Buyers credit for our clients for financing of import of capital and non-capital goods. Benefits of Buyers Credit: The benefits of buyers credit for the importer are as follows: The exporter gets paid on due date; whereas importer gets extended date for making an import payment as per the cash flowsThe importer can deal with exporter on sight basis, negotiate a better discount and use the buyers credit route to avail financing.The funding currency can be in any FCY (USD, GBP, EURO, JPY etc.) depending on the choice of the customer.The importer can use this financing for any form of trade viz. open account, collections, or LCs.The currency of imports can be different from the funding currency, which enables importers to take a favourable view of a particular currency.Rate of interest is linked with LIBOR and the effective cost of finance is very less as compared to term loan in Indian currency or cash credit.Buyer avails the further credit in addition to letter of credit.Supplier of the goods received the payment as per LC payment terms.Buyer can also request for further roll over buyers credit