Apply online for a cash-backed LC.
Letter of Credit will be issued within 2 business days*.
Save on annual facility fees. No financial documents required.
Skip the branch! Apply online in just 5 minutes anytime, anywhere.
Online Import Letter of Credit highlights
|Types of Import Letter of Credit available||Sight 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
|Collateral||Cash of the equivalent amount will be used to secure this Letter of Credit.|
|Issuance||0.125 % per month. Min two months or SGD 80, whichever is higher.|
|Usance LC acceptance / Deferred payment commission||N.A||0.125 % of bill amt per month, from expiry date of LC to due date. Min S$80|
|Please refer to our Pricing Guide for full details on Trade Service fees and charges.|
* 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.
DBS may vary these terms and conditions or discontinue this promotion at any time without any notice or liability to any party.
You are as long as you fulfil the following:
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
Excellence in SME Banking 2016, Asia
Best SME Bank for Working Capital & Treasury 2015, Singapore
Best Corporate/Institutional Digital Bank 2015, Singapore
Aakash International Pte Ltd