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EFIC's Direct Loan facility provides finance to overseas buyers to fund their purchases of Australian capital goods and services. How can a Direct Loan help you? EFIC's Direct Loan facility could assist you if your project or contract involves: - the export of capital goods and/or services that have sufficient level of Australian content;
- a minimum contract value of $5 million; and
- the provision of a comprehensive finance package to your overseas buyer or where it may give you a competitive edge.
Features - May be denominated in any major currency;
- Loan amount limited to 85% (80% in relation to ships) of the combined Australian and foreign-sourced content plus an additional amount to finance local content, representing expenditure for goods and services sourced from the overseas buyer's country;
- Available at a fixed or floating interest rate; and
- Minimum repayment terms of two years to a maximum term of ten years (twelve years for ship exports and up to fifteen years for renewal energy and water projects) subject to the Organisation for Economic Co-operation and Development (OECD) Arrangement applicable to the Export Credit Agencies of the OECD nations.
How the Direct Loan works - EFIC enters into a loan agreement with the overseas buyer of your capital goods and/or services.
- Drawings on the loan are paid directly by EFIC to you as the exporter or may be paid to your overseas buyers in reimbursement of amounts that have been paid to you in line with the terms of the commercial contract.
- Your overseas buyer then repays EFIC in accordance with an agreed repayment schedule.
Eligibility and Application For all applications or queries about how to apply, contact us at finance@efic.gov.au or call us on 1800 887 588 between 8.30am - 5.30pm, Monday to Friday (Australian Eastern Standard Time), or if outside Australia on +61 2 9201 2111. | |
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