Export Services

Packing Credit

Improve your working capital with pre-shipment financing

Access working capital financing for the purchase of raw materials and shipping if you receive Export Letter of Credit as part of doing business. DBS helps facilitate trade by providing pre-shipment financing under our Packing Credit in the form of a bridging finance. The proceeds from the Export Letter of Credit are then used to pay off the financing.

 

Why choose DBS Packing Credit?

  • Grow your business with the Best Trade Finance Bank in Singapore, as named by Alpha Southeast Asia and The Asia Banker in 2012. We also received this accolade from Global Finance in 2012, for the 8th consecutive year
  • Fund your manufacturing process and improve your cash flow with DBS. We provide pre-shipment financing for the purchase of raw materials
  • Bundle this offering with Letter of Credit Negotiation/Discounting, which means the proceeds can be used to repay the packing credit loan

FAQs

How do I complete the application form?

Please call us at 2290 8068 for help in completing the application form.

Do I need a credit facility to apply for packing credit? Are there any other requirements for approval of my packing credit?

Yes, you must obtain a credit facility with DBS. Please call us at 2290 8068 should you require assistance. The facility is also subject to availability of the issuing bank’s limit.

How do I access the financing rate?

Please call us at 2290 8068 and we’ll arrange for a relationship manager to assess your needs and provide you with a quotation.

How long does it take to process the financing?

If we receive the application by 6pm, we can process them on the same day. If we receive the documents after 6pm, we will process them within the next working day.

How do I check the status of financing?

Please call us at 2290 8068 to check the status of your financing.

Awards

Awards we have won recently
Best Trade Finance Bank in Singapore

Best Trade Finance Bank in Singapore

2012
Best Trade Finance Bank in Singapore

Best Trade Finance Bank in Singapore

2012
Best Trade Finance Bank in Singapore

Best Trade Finance Bank in Singapore

2013
View All

 

How do I apply?

Simply submit your application form and original export Letter of Credit at one of our Trade Collection Branches or Enterprise Banking Centres.

Get in Touch

DBS BusinessCare: 2290 8068

Get in Touch

DBS BusinessCare: 2290 8068