Credit and Financing Solutions Offered Through An Offshore Bank - I

One of the advantages of using an offshore bank account is that you get a fairly broad range of flexible and tailored lending products that will help you take advantage of short-lived opportunities or meet some pressing personal or business needs. In this post, we will expand upon the range of credit and financing solutions available through an offshore bank account:

When would you need credit facilities from your offshore bank?

When you want to:

▪ Make additional investments without liquidating existing assets

▪ Match the currency of your assets and income to that of your loan commitments

▪ Make use of opportunities to benefit from raising a loan in a low interest rate currency while maintaining your assets in a higher interest rate currency

▪ Borrow to take advantage of fluctuations in currency movements

▪ Match the currency of your borrowings to that of your offshore income, especially if you are an expatriate

What kind of credit products are available from an offshore bank?

Some of the credit facilities that you may expect from your offshore provider would include lines of credit, real estate loans, letters of credit or guarantee (these can help you maintain your assets including cash deposits whilst gaining access to loan facilities elsewhere), foreign exchange trading products, secured loan facilities against cash deposits, unitised investments, traded bonds, listed equities etc and other bespoke credit solutions. 

You can also expect these solutions to be offered in multiple currencies, with flexible repayment features and at competitive interest rates like those based on the LIBOR (London Interbank Offered Rate).

Your credit needs may be unique to you; to help you create credit solutions, you will need a trusted partner who can take take into consideration your investment assets, real estate financing needs, trust assets, life insurance policies, tax considerations and other factors. Your offshore service provider would already hold many pieces of the puzzle that make up your unique requirements and would be best fitted to help you forward. 

There will more often than not, be times when using credit versus liquidating existing assets can be both prudent and profitable; work with the relationship manager and credit specialists from your offshore bank to make the most of such times.


Read More : Credit and Financing Solutions Offered Through An Offshore Bank – II