Import Services

Online Import Letter of Credit

Apply online for a cash-backed LC and get $100 off

Fast Issuance


Letter of Credit will be issued within 2 business days*.

No Trade Facility Required**

Save on annual facility fees. No financial documents required.

Save Time


Skip the branch! Apply online in just 5 minutes anytime, anywhere.

Apply Online Now

 

 

By clicking on the “Apply Now” button, you agree to the DBS Privacy Policy , Irrevocable Documentary Credit Terms & Conditions, and Terms & Conditions (including clause 3 relating to personal data).

Apply online in just 5 minutes

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Online Import Letter of Credit highlights

Types of Import Letter of Credit availableSight Letter of Credit
The issuing bank will honour the payment once the documentation received is in order
Usance Letter of Credit
The issuing bank will accept the draft once all documentation received is in order and agree to pay on the maturity date
CollateralCash of the equivalent amount will be used to secure this Letter of Credit.
Issuance0.125 % per month. Min two months or SGD 80, whichever is higher.
Usance LC acceptance / Deferred payment commissionN.A0.125 % of bill amt per month, from expiry date of LC to due date. Min S$80
Processing fee S$100 OFF^ all online applications!
Please refer to our Pricing Guide for full details on Trade Service fees and charges.

Terms and Conditions:

* The Letter of Credit (“LC”) will be issued within 2 business days upon receipt of all original documents, and satisfaction of all conditions, satisfactory to DBS Bank Ltd (“DBS”). For applications that require exceptional approvals, longer turnaround time is expected. Notwithstanding the foregoing, DBS retains the sole discretion to approve any application and its decision will be final and conclusive.
** The LC will be fully paid in advance by you. Only DBS account holders are eligible to submit via online application. You will not be eligible for this promotion if your company has an existing LC facility from DBS.
^ Only online submissions received by DBS on or before 31 December 2017 will be entitled to the processing fee waiver of $100.

DBS may vary these terms and conditions or discontinue this promotion at any time without any notice or liability to any party.

Am I Eligible

You are as long as you fulfil the following:

  • This letter of credit will be fully secured by cash deposit.
  • If your company has an existing trade credit facility, please apply via DBS IDEAL or download Trade eForm and submit to our Trade Counter.

Apply for Trade Facility

Apply for Cash-backed LC Online




Why Choose Us?

Because we’re Asia’s leading SME bank. With us at your side, we’ll help ignite your spark for whatever you choose, by giving you better insights, innovation and performance. After all, this has made us the best SME bank in Asia. So you can live more, bank less.

Retail Banker International

Retail Banker International

Excellence in SME Banking 2016, Asia

The Asset

The Asset

Best SME Bank for Working Capital & Treasury 2015, Singapore

Global Finance

Global Finance

Best Corporate/Institutional Digital Bank 2015, Singapore
Best Online Cash Management 2015, Asia
Best Foreign Exchange Bank 2015, Southeast Asia and Singapore
Best Trade Finance Provider 2015, Singapore

 

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Skip the branch by applying online. Get S$100 off processing fees and free document delivery!

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Awards
Awards

Best Trade Finance Bank, 2012, Alpha Southeast Asia

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"DBS helps us a lot in establishing whether the market, bank and customers are good enough for us."
Mr Chandru Dadlani
Mr Chandru DadlaniDirector

Aakash International Pte Ltd

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