Kotak Mahindra Bank Exporters Gold Card Scheme provides easy access to export credit on better terms to exporters.
Eligibility
- All accounts of the Exporter borrower are under ‘Standard’ classification with the Bank continuously during last three years and no irregularities / adverse features are found in the conduct of the borrower’s accounts.
- The borrower has no overdues / irregularities with the Bank; further the borrower is not SMA/ NPA with any other lender.
- The borrower is not blacklisted by ECGC or included in RBI’s defaulter’s list/ caution list.
- The borrower / promoter directors / partners are not classified as RFA / Fraud with any lender and is not a wilful defaulter with any lender.
- Borrowers under IBC resolution process are not eligible.
Features
- Limits will be sanctioned in-principal for 3 years, with a provision for automatic annual renewal (this is subject to satisfactory operation and compliance with the terms and conditions of sanction).
- A standby limit, ad-hoc limit of not less than 20% of the assessed limit may additionally be made available, at the request of the borrower.
- Waiver of collateral and exemption from ECGC guarantee schemes may be considered on the basis of borrower’s track record.
- Time frame for disposal of credit sanction application will be prioritized
The sanctioning of limits is based on credit policy decisions and internal guidelines of Kotak Mahindra Bank.