Strengthen Your Export Operation With Reliable Banks In Egypt

A huge step in any corporate expansion program is to take your venture into the international trading market arena. If you have such goal in mind, you will certainly need to take more efficient control on your finances because the success this next step will greatly depend on your capability to capture new markets, to establish strong relationships with clients and businesses from various areas worldwide, and to deliver what you promise. To achieve all of these, smooth financial management becomes a necessity. 

Good thing there are reliable banks in Egypt like HSBC that offers trade and receivables finance solutions allowing business owners like you in unlocking funds which are caught up in receivables or inventories. This will certainly help your supply chain to take steps forward rather than taking steps back or stalling.

If you are among the business owners considering of trading outside of Egypt so that you can take advantage of the growth opportunities in emerging markets, know that this step will entail careful strategizing. This will allow you to work out as well as address all details such as dealing with partners or clients in remote areas or even facing huge shipping challenges. Indeed, it is very important for you to take your concerns to a reliable financial institution with trade specialists and export finance facilities. Be sure to go for those with comprehensive industry knowledge along with a solid presence in local market worldwide.

If you have financial experts at your side, you will have a far better understanding of emerging market risks and techniques to resolve them. Also, this will help you learn what you must know regarding the financial regulatory environments within your export destinations. Do not also forget that having global clients will mean that you should be well-informed about the unique cultural, economic and social conditions in such markets.

Different Exports Solutions Reliable Banks In Egypt Offers

Export Documentary Credits Or Letters Of Credit – If your clients are not able to make their payment on time, these will provide assurance that you will be paid for the products you export.

Export Documentary Collections – These will greatly help you in controlling your goods until the payment from your client has been received.

Export Loans – This is considered an immediate post-shipment financing solution helping bridge the distance between the time when products are shipped and the time when clients pay for their order/s.

Source: business.hsbc.com.eg can be your best business partner for growth. They offer different business solutions to make sure that your venture will become successful.

Key Aspects To Consider When Applying For A Car Loan In UAE

Today, it is easier to get your hands on a new (or used) car. And this all thanks to the various car loan schemes offered by different banks and other financial establishments. These car loans come in different payment schemes or schedules and they offer several advantages as well.

Applying For A Car Loan In The UAE

If you are looking to apply for a car loan in UAE, you may have a hard time looking for the best or most suitable one. To make sure you choose the best one, below are some important aspects you have to consider before making your final choice:

• The interest rates of the car loan product. In the UAE, there are two types of interest rates applied to car loans: fixed and reducing balance interest rates. Fixed interest rates are computed every month based on the total amount the customer borrowed. When it comes to reducing balance interest rates, the interest rates are calculated monthly based on the amount the customer currently owes the bank. For Shariah-compliant banks, profit rate is computed by dividing the markup profit by the purchase cost.

• The payment plan of each loan product. It is essential for a potential borrower to evaluate this factor since this will allow you to properly plan financially during the duration of the loan. The maximum period for a loan in the UAE is pegged at six years. However, there are some banks offer borrowers the option to pay smaller amounts on a monthly basis and settle the remainder in bulk.
 

• The requirements. In the UAE, potential borrowers are usually required to submit salary certificates, pay slips, banks statements and copies of their passports. Some banks may also ask potential borrowers to submit at least three local references and/or a copy of their utility bill. In general, documentation and vetting requirements will vary from one bank to the other. Make sure you have all these requirements and documents on hand so that the loan application process will go easier for you.

• The processing fees. As a potential borrower, you have to inquire about this so that you will know all of the costs involved in the car loan. Most banks allow borrowers to extend the duration of the loan. But if you plan to settle your loan earlier, you can ask a bank personnel whether you will have to pay an early settlement fee.

• Additional perks. Finally, to attract potential borrowers, many banks offer additional benefits that include credit and debit cards to extended warranties and free registration. Although these bundled offers may seem appealing to you, be wary of the additional costs that you may possibly incur.

Source:

http://www.hsbc.ae/1/2/personal/borrowing/loans/vehicle-loans offers more details about applying for a car loan in the UAE.