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- About DBS
Import Services
Import Financing
Finance the purchase of your goods and take possession of them earlier
Free up your cash flow so you can focus on growing your business with our Import Financing solutions. We offer customised solutions depending on your trade cycle to ensure your needs are met. Our import financing solutions fund the purchase of your goods. We pay your sellers first, which means you can take possession of your goods earlier.
Why choose DBS Import Financing?
- 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
- Structure your Import Financing facilities around your trade cycle, to ensure the terms meet your business needs
- Save time by submitting applications or providing settlement instructions via IDEAL™, our online banking platform
- Know immediately when your loan is disbursed with our AUTOFAX service
- Ensure you don’t miss your Import Financing loan settlement due date with automatic reminders from IDEAL™
- Reduce costs with our competitive financing rates
FAQs
When should I apply for Import Financing?
Import Financing helps when you need to pay off a Documentary Credit or inward bill collection.
Can I apply for Import Financing if I do not have a credit facility with DBS?
No, you must obtain a credit facility with DBS before we can finance your purchases. Please call us at 2290 8068 should you require assistance.
How long will it take to process my application?
We understand time is of the essence, so we can process your application on the same day if we receive it by 4pm. If we receive your application after 4pm, we will process them within the next working day.
Will DBS remind me when the loan is due?
Yes, we will notify you via IDEAL™, our online banking platform.
Can I ask for an extension on the due date?
Yes, however this is subject to approval and the overall loan period must not exceed the maximum period granted in the letter of offer.
Can I repay the loan before the due date?
Yes, however this is subject to a break funds fee. Please call us at 2290 8068 to find out more.
How do I apply?
Simply submit your application form at one of our Trade Collection Branches or Enterprise Banking Centres. Alternatively, you can apply via IDEAL™.
To borrow or not to borrow? Borrow only if you can repay!
Get in Touch
DBS BusinessCare: 2290 8068
