FX loans represent a type of loans that are advanced to those firms which perform sales or deliveries treated as imports or exports or other FX-bringing operations on the condition that the export commitment should be strictly met.
Advantages of using FX loans:
• Convenience in funding your exports;
• Convenient options of term (maturity) for loan repayment
• If the export commitment is fulfilled, exemption from taxes, dues, charges and levies (Resource Utilization Support Fund) is available.