Import Services

Import Financing

Finance the purchase of your goods and take ownership earlier

Free up your cash flow so you can focus on growing your business with our Import Financing solutions. We offer customised solutions depending on your trade cycle to ensure your needs are met. Our import financing solutions fund the purchase of your goods. We pay your sellers first, which means you can take possession of your goods earlier.

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Why choose DBS Import Financing?

  • Grow your business with the Best Trade Finance Bank in Singapore, as named by Alpha Southeast Asia and The Asian Banker in 2012. We also received this accolade from Global Finance in 2012, for the 8th consecutive year
  • Structure your Import Financing facilities around your trade cycle, to ensure the terms meet your business needs
  • Save time by submitting applications or providing settlement instructions via IDEAL™, our online banking platform
  • Know immediately when your loan is disbursed with our AUTOFAX service
  • Ensure you don’t miss your Import Financing loan settlement due date with automatic reminders from IDEAL™
  • Reduce costs with our competitive financing rates

FAQs

Can I apply for Import Financing if I do not have a credit facility with DBS?

No, you must obtain a credit facility with DBS before we can finance your purchases. Please call us at 1800 222 2200 (if you’re in Singapore) or +65 6222 2200 (if you’re calling from overseas) should you require a credit facility.

How long will it take to process my application?

Generally if your application is within banking facilities and documents are complete and in order, we can process it on the same day if we receive it at our MBFC or Toh Guan Trade Counters before 4pm.

Will DBS remind me when the loan is due?

Yes, a reminder letter will be sent to you prior to the due date. If you are an IDEAL™ customer, you will be notified of the due date via IDEAL™.

Can I ask for an extension on the due date?

Yes, however this is subject to approval and the overall loan period must not exceed the maximum period granted in the letter of offer.

Can I repay the loan before the due date?

Yes, however you will be subject to a fee. Please call DBS Business Care at 1800 222 2200 to find out more.

What foreign exchange rates will the Bank use for the settlement of my Trade Financing on maturity date?

With effect from 1 May 2016, we will use our prevailing foreign exchange rates for the settlement of your Trade Financing less than SGD200,000 equivalent on due date.

Please refer to Rates Online at www.dbs.com for our prevailing foreign exchange rates. If you have a foreign exchange contract, please let us know latest by 2pm on due date.

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Awards
Awards

Best Trade Finance Bank, 2012, Alpha Southeast Asia

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"DBS came up with trade financing and project financing packages over 2 or 3 years for some of the key projects, which really helped us maintain our growth."
Mr Jonathon Juay
Mr Jonathon JuayDirector

Transition Systems Pte Ltd

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