- Onshore Foreign Currency Loan (OFCL) is a trade facility in Foreign Currency for financing of goods and services such as:
- Imports, Exports, Local Purchases and Local Sales*
- Domestic and / or foreign operating expenses or service payables.*
*Note: Terms and conditions apply
Minimum period of financing: 5 days.
Maximum period of financing: Must not exceed the approved financing tenure by the bank subject to a maximum period of 180 days.
- OFCL is drawn against presentation of necessary supporting documents and the financing amount is up to 100% of invoice value. The minimum OFCL financing amount is set at USD5,000 or its equivalent.