We provide financing to customers who need assistance in paying import duties for goods that they bring into the country. Here’s how we can help:
- Provide funding: Import duty financing can be a significant financial burden for businesses, particularly small and medium-sized enterprises (SMEs). City Access can provide funding to cover the import duty costs, allowing the customer to continue with their business operations.
- Flexibility: City Access offers flexible repayment terms that can be tailored to suit the customer’s needs. This can include options such as repayment holidays, extended repayment periods, and variable interest rates.
- Quick and easy application process: Applying for an import duty financing from City Access is a straightforward process. The customer can apply online or in person, and the application process typically takes only a few days.
- Expert advice: City Access has a team of financial experts who can provide guidance and support to customers throughout the financing process. They can help the customer understand the terms of the loan, calculate repayment amounts, and ensure that they are making informed financial decisions.
This product offers short term credit facility to importers who have imported goods into the Country and need to clear the goods from the port to avoid demurrages. It can be used to cover all the direct costs relating to the duty, transport, clearing agent, etc.
Features:
- For importers of authorized goods
- Tenor does not exceed 90 days.
- Repayment terms are customizable.