Line of Credit by EXIM BankLine of Credit Agreement • February 23rd, 2011
Contract Type FiledFebruary 23rd, 2011The Line of Credit (LOC) is the facility given by EXIM bank to the Importer overseas in the form of deferred credit facility to boost the Export (Goods, Services and Project) from India. The EXIM bank sign the agreement with the bank, financial institution, government and other entities overseas (borrowing country) so that the importer in these countries could import from India and may avail easy credit facility extended by EXIM bank at discounted rate of interest.