Before any commitment is confirmed, EFIC will verify that all eligibility criteria have been satisfied. These criteria are product specific, but overall EFIC must be satisfied that all parties to a transaction are acceptable and capable of fulfilling their respective obligations.

EFIC will make an offer of finance or insurance following a complete assessment of the transaction. Consideration will also be given to our policies on Australian content, Australian benefit and environmental protection. Any offer of finance or insurance will comply with the Organisation for Economic Co-operation and Development (OECD) Arrangement.

Premiums, fees and charges

EFIC is a self-funding organisation that is wholly owned and guaranteed by the Commonwealth of Australia. Its operating costs are covered by income from client fees and premiums, as well as investment earnings on the reserves underpinning its business.

EFIC levies premiums, fees and other charges in relation to each of its products. These amounts are consistent with international practice, the OECD Arrangement and EFIC’s self-funding status.

More Information To request an indicative letter from EFIC outlining potential financing options, please complete the Letter of Indication Application Form.  Product specific application forms and terms and conditions are available from the product pages. For further information on eligibility, 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.