Import Services

Online Import Letter of Credit

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

Save Time

Skip the branch and apply online in just 5 minutes

Fast Issuance

Letter of Credit will be issued within 2 business days*

Value-For-Money

Competitive rates and $100 off processing fees (online exclusive!)

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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*The LC will be issued within 2 business days once all original documents are received in order on our end. For exceptional approvals, it will take longer turnaround time.



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.
# Valid till 31 May 2017

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

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

 

Apply online for a Banker’s Guarantee
Apply online for a Banker’s Guarantee

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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