Schedule of Fees

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The following is in effect as of September 2018

 

 

 

 

1. LOAN COMMITMENT FEE RATES
Short-Term Facilities
  1. Co-Pack
  2. Apparel Sector Facilities
  3. ICT “YES” (short term)
  4. JMEA/EXBED
  5. Export Credit Facility (ECF)
  6. Insurance Policy Discounting Facility(IPDF)
  7. Pre-Shipment Facility
2% of the Loan Amount
Medium-Term Facilities
  1. (i) SME Growth Initiative  (SME) Direct
  2. (ii) SME Growth Initiative (SME) AFI
  3. MFE/ Medium Term loans
  4. General Trade Line
2% of the Loan Amount
1.b SMTE Commitment Fee 1.25% of the Loan Amount
2. PROCESSING FEES
Short-Term Facilities
  1. JMEA/JMA/EXBED
  2. Apparel Sector Facility
  3. Co-Pack Facility
  4. Pre-Shipment Facility   J$12,000.00
  5. Export Credit Facility (ECF)
  6. Bankers’ Export Credit Facility (BECF pre and post)
  7. Insurance Policy Discounting (IPDF)
J$12,000.00
Medium-Term Facilities
  1. MFE/Medium Term Loans
  2. SME Growth Initiative (SME) Direct
  3. SME Growth Initiative (SME) AFI
  4. General Trade Line (Medium Term)
J$12,000.00
3. AUDIT CONFIRMATIONS
a) Routine audit confirmations

b) Non-routine account balance

c) Confirmations for more than 1 year

$5,000.00

$10,000.00 (minimum)

$10,000.00 (minimum)

4. BILLS FOR COLLECTION 0.375% of the Bill
5. STAND-BY LETTERS OF CREDIT/GUARANTEES
a) Set Up Fees

b) Renewal Fees

0.5% of the transaction amount (for each renewal)
6. SERVICE CHARGE
Lines of Credit

Line of Credit Transactions

US$75.00 per transaction

Pre-paid interest of 1% per annum prorated or the time period of the loan.

Credit Checks J$2,500.00
7. APPLICATION FEE J$7,500.00
Total Sales(Annual Turnover) are not to exceed JA$1billion

Number of employees is less than 250 person

Total Fixed and Current Assets is less than JA$300million

8. LOAN FACILITY EXTENSION FEE 2% pro-rated for the period of extension
9. DISCRETIONARY OVER LIMIT FEE 3% above the normal rate
10. WIRE TRANSFER FEE US$30.00 per wire
11. TRADE CREDIT INSURANCE BUYER REVIEW FEE J$7,500.00
12. TRADE CREDIT INSURANCE NEW POLICY FEE J$12,000.00
13. CUBAN LINE OF CREDIT USER FEE 1% of Letter of Credit Borne by Jamaican Exporter
13. CUBAN LINE REIMBURSABLE FEES Advised in opening letter.

How to Apply

Click HERE to go to our online application form.

You can also access this facility through your commercial bank.  Ask your Banker how you can access an EXIM Bank loan through their facility.

Expect to SUCCEED with EXIM Bank.

 

Please note the following:

1) All percentages for loan commitment fees are based on the amount loaned.
2) Loan Facility extension fee is 2% prorated for the period of extension.
3) Processing fees are payable for each disbursement
4) Clients will be billed separately for all costs incurred by EXIM for Credit/bank reports & legal fees.
5) Wire Transfer Fee applicable to all wires for non Line of Credit clients.
6) All fees attract GCT of 16.5% per transaction.