Export Finance [Overseas Lending] (EF-OL)
Export Credit Insurance for Bank
ECIB to Banks
Export Finance (Overseas Lending) Guarantee
If a bank financing an overseas project provides a foreign currency loan to the contractor, it can protect itself from the risk of non-payment by the contractor by obtaining Export Finance (Overseas Lending) Guarantee.
What are the premium rates applicable?
The premium rate is 0.90% per annum for 75% cover and 1.08% per annum for 90% cover. Premium is payable in Indian Rupees. Claims under the Guarantee will also be paid in Indian Rupees.
For any further clarification on the scheme,
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