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Trust Receipt (TR) is a short-term financing issued Canadia Bank to the customer or buyer, usually an importer. Canadia Bank pays the importer for the goods and retains ownership of them, while the business holds the goods in trust, selling them on behalf of the bank. Once the goods are sold, the proceeds are used to repay the loan. This financing is usually used together with the Letter of Credit, which is issued by the Bank on behalf of the buyer (importer).
Visit our nearest Canadia Bank Branch or give us a call at (855) 71 446 2333, 071 273 8333, 071 441 7333, 071 474 5333, 088 366 5000.
Company
Noted: For company, copy of the following documents.
1. What is the lowest pricing of Trade Loan?
The rate based is on credit assessment and it's competitive than business loan facility.
2. How fast is Trade Service turnaround time on the loan drawdown?
Once approved, the loan may be drawdown within a day.
3. How much can I borrow?
The amount that you can borrow depends on the overall credit assessment.
4. How will I receive the loan drawdown?
You can receive the loan amount proceeds will be deposited in your Canadia Bank deposit account.
5. What are the modes of payment for the loan?
You may pay your loan by direct debiting from your deposit account, cash payment at our branches, or through fund transfer.
6. Are all documents listed in the checklist of requirements mandatory?
The documents in the list of requirements are considered the standard requirement for loan applications. Canadia Bank reserves the right to ask the applicants for other supporting documents deemed necessary to complete the overall assessment.
