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HOME > Financial Services > Export Credit > Medium & Long-term Loan > Export Loan

본문내용

Export Loan is extended to Korean exporters as a supplier credit, in order to provide them with the required funds to finance export transactions with repayment terms of two years or more. It is mainly designed to encourage the export of capital goods such as industrial plants, ships, and industrial machinery involving larger credits and longer repayment terms than what suppliers or commercial banks would provide.

KOREA-EXIM
Korean Exporter
Foreign Importer

When Korean exporters apply for Export Loan, their export contracts must meet the following conditions

Eligible Items
All goods and services that are not prohibited for export by applicable laws and international conventions See More
Minimum Foreign Exchange Earnings Ratio (Foreign Exchange Earnings / Contract Value): No less than 25%
Cash Payment
- * Ships: No less than 20% of contract value
- * Other products: No less than 15% of contract value

Terms & Conditions

Terms & Conditions Borrower, Currency, Coverage, Interest Rate, Repayment Term, Security
	Pre-shipment Credit	Export loan
Borrower	Korean exporters, manufacturers, component providers	Korean exporters
Currency	Korean Won or a foreign currency	a foreign currency
Corverage	Up to 90% of 'the export contract value less the already eceived payment.' (i.e.,cash payment)	export contract value less required cash payment
Interest Rate	korean Won : Base Rate + Margin Foreign Currency: LIBOR(or Swap Rate) + Margin	Foreign Currency Fixed rate : CIRR + Margin Floating rate : LIBOR + Margin
Fees	Not relevant	Exposure Fee : Charged according to the OECD Arrangements Commitment Fee : No less than 0.3% per annum but 0.5% p.a. with repayment terms of 2 years or more Management Fee : No less than 0.15% with repayment terms of 2 years or more Prepayment Fee : Charged according to internal regulation
Repayment Term	Up to 30 days after the actual delivery date of the export contract	Maximum Repayment Term Ships/Non-nuclear power plants / Aircrafts : 12 years Nuclear power plants / Renewable energies / water projects : 18 years Project finance transactions : 14 years Other products : 5~10 years, pursuant to the OECD Arrangements
Security	Bank guarantee, pledge or mortgage on the borrower's local assets Loan on credit possible to creditworthy borrowers	Promissory note or trade bills related to the transaction Letter of Guarantee (L/G) or Letter of Credit (L/C) issued or confirmed by a creditworthy international bank, the importer´s government, or the central bank of the importing country