Packing Credit Limit (PCL)
Features
Packing Credit Limit (PCL) is provided to an exporter for financing the purchase, processing, manufacture or packing of goods prior to shipment /working capital expenses.
Period of the facility is based on Export Cycle up to 6 months(180 days)
Applicant shall be an Exporter and all Corporates having turnover of Rs.500 Crores and above are eligibile to avail PCL.
Security
Primary
- Hypothecation / extension of Hypothecation charge over the underlying current assets.
Collateral
- Extension of charge over Fixed Assets
- Additional tangible security such as immovable properties / bank deposits etc.
Others
- Personal guarantee of proprietors / partners / promoters
- Corporate guarantee
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