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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 or services that have sufficient level of Australian content;
- the value of the contract is in excess 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;
- Available at a fixed or floating interest rate;
- Repayment terms and fees are negotiated with your buyer to reflect the commercial contract, the needs of the buyer and EFIC's assessment of the risks involved;
- Loan amount limited to 85% of the Eligible Contract Value*; and
- Consistent with Organisation for Economic Co-operation and Development (OECD) guidelines 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 or services.
- EFIC advances the loan funds to you as the exporter 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. | | * Eligible Contract Value is EFIC's estimate of the levels of Australian and foreign-sourced content in the contract (80% in relation to ships).
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