Bank's package

Syndicate Bank is offering a special package of softer loan terms to eligible exporters under the SyndExport Gold Card scheme evolved as per the Reserve Bank of India's advice to banks in its annual policy statement 2004.

Under the scheme the bank would give a slew of benefits to exporters with a demonstrated track record of satisfactory dealings.

The benefits include a 0.25 per cent cut in interest rate on pre-shipment credit and a concessional rate of post shipment credit which would involve softer rate applicable up to 90 days for an extended period of up to 365 days.

Special rates would also be offered on the processing of credit facilities at rates which are 25 per cent lower than what is applicable to other exporters.

Apart from this card holders would also be preferentially considered for issue of the bank's global credit cards and other supplementary services that the bank offers.