Trade-Finance Loans & Services

RE & Construction Loans Commercial Loans Int'l Loans & Trade Finance Opening a New Account Notice

Trade-Finance Loans & Services

Preferred Bank's International Department provides numerous services to facilitate transactions with overseas suppliers and vendors. Our International specialists will help you choose a loan program that works for you.

In addition to providing lines of credit, our International Department is a participating Lender in several government guaranteed lending programs, including the U.S. Export-Import Bank's Working Capital Guarantee program, the Small Business Administration's Export Working Capital program, the California Export Finance Office's Guarantee program, and the Overseas Chinese Credit Guarantee Fund. 

Additional services offered by our International Department include: 

• Standby letters of credit
• Export letters of credit
• Import letters of credit
• Export financing
• International documentary collections
• Domestic and international wire transfers
• Foreign currency drafts
• Foreign exchange services
• Letter of credit transfers

Contact the Los Angeles office for more information on how our International Department can help your business grow.

  

Application for Irrevocable Commercial Letter of Credit

Print and complete the application, then fax it to (213) 622-0369, Attn.: International Department, and/or mail it to Preferred Bank, Attn.: International Department, 601 S. Figueroa Street, 20^th Floor, Los Angeles, CA 90017.

The application is in Adobe Acrobat Portable Document Format (PDF).  Click on the icon below to view.

Application for Irrevocable Commercial Letter of Credit

 

Application for Irrevocable Standby Letter of Credit

Print and complete the application, then fax it to (213) 622-0369, Attn.: International Department, and/or mail it to Preferred Bank, Attn.: International Department, 601 S. Figueroa Street, 20^th Floor, Los Angeles, CA 90017.

The application is in Adobe Acrobat Portable Document Format (PDF).  Click on the icon below to view.

Application for Irrevocable Standby Letter of Credit

 

Application for Amendment to Letter of Credit

Print and complete the application, then fax it to (213) 622-0369, Attn.: International Department, and/or mail it to Preferred Bank, Attn.: International Department, 601 S. Figueroa Street, 20^th Floor, Los Angeles, CA  90017.

The application is in Adobe Acrobat Portable Document Format (PDF).  Click on the icon below to view.

Application for Amendment to Letter of Credit

 

If you do not have Adobe Acrobat Reader installed with your web browser, you can download it FREE by clicking on the button below.

 

International Student Loans

Student Loans Home - International Students Loan Information FAQ's Apply Now   - US Students - Canadian Students - Eligible Schools - Student Resources

International Student Loans Loan Program for International Students - US Co-Signer Required   As the number of international students studying in the USA continues to increase, the need for international financial aid is constantly growing. To address this need, we provide access to loans for non-US Citizens from anywhere in the world who are planning to study at approved schools throughout the USA. We have been a leader in providing loans for international students since 1998, and thousands of international students have applied for loans through our programs. Due to thecredit crunch, as of September 5, 2008 we are temporarily unable to accept applications from non-US students, but we hope to have a new international student loan program in place shortly. Submit your information through the Apply Now button and we will contact you with the details of the new program.   Co-Signer Required for All Applicants The co-signer must be a US citizen or permanent resident, with good credit and income history, who has lived in the United States for the past two years.   Typically students can borrow up to their school's cost of attedance. International students are required to have a US Citizen or permanent resident as a co-signer to apply for this loan.   International student loans also offer: Funds are disbursed directly to you! Generous repayment terms Six months grace period while you find a job and much more..... Learn more about our International Student Loan Programs:   Loan Information | Frequently Asked Questions | Apply Online

Tesco Loans

Loans

No repayments until 2009

We know life can be challenging. That's why at Tesco we're always thinking of ways to help.

Some things in life can't be put off easily. That old car that needs replacing, or much-needed.home improvements that need addressed. Maybe you need to consilidate your finances into one simple monthly payment. Whatever it is, we could help.

Plus, if you take advantage of our 2 month payment holiday, you could pay nothing until 2009!

Just speak to one of our friendly customer service team; they'll be happy to help.

0845 3030 047 or click below to apply online

• Apply now

Loans available to UK residents and over 18s only.

What are the key benefits of a Tesco Loan?

• Take a 2 month Payment Holiday at the start of your loan (Subject to eligibility)
• Borrow from £3,000 up to £25,000. Click here for full rate details and product summary.
• No set up fees
• Variable repayment day
• Fixed interest rates so your repayments will never change

To give you an idea of what repayments could be:

Loan amount:	£7,500
Monthly payment:	£160.65
Including monthly insurance payment:	£29.61
Over:	72 months
Total Amount Repayable:	£11,567.00
Including total insurance premium:	£1,695.00
APR TYPICAL:	8.2%

The above example includes...

Tesco's optional Standard Payment Protection Insurance. Rates depend on circumstances and loan amount. The actual rate we offer may be higher depending on our assessment of your personal circumstances and financial behaviour.

Our PPI is a single-premium policy which is funded by a loan.  This means that the premium will be added to your loan amount and you'll pay interest on it.

Give Yourself Some Space With A Payment Holiday

Take a 2 month Payment Holiday and you will make no repayments for up to 3 full months from the date you receive your money.

Just the flexibility and reassurance you need in the first few months of your loan.

If you choose the Payment Holiday option, your loan term will be extended by two months and the interest is chargeable throughout the whole loan. Interest will continue to accrue during the Payment Holiday. A Payment Holiday is subject to lending criteria and may not be available to all customers.

Compare Our Loan Rate With Other Lenders

Lender	APR Typical	72 monthly payments of	Total amount to be repaid	Savings over 60 months
Tesco Loans	8.2%	£131.04	£9,435.00	-
Marks & Spencer Money	9.9%	£139.14	£10,018.08	£583.08
Halifax	9.9%	£139.33	£10,031.67	£596.67
First Direct	11.9%	£144.04	£10,370.55	£935.55

Based on a £7,500 loan over 6 years without loan Payment Protection Insurance. Competitor rates:  Details correct as of 05/11/08. Source:Aequosonline.com (new window) – with data provided by Defaqto Limited.

Above example is for illustrative purposes only. Rates depend on circumstances and loan amount.

8.2% APR Typical

Payment Protection for your loan

Our optional payment protection insurance that could make your loan repayments when you're not able to.

It could mean less stress and one less financial headache if you're faced with an unexpected illness, injury, involuntary unemployment or death.

Tesco Payment Protection insurance has been awarded Five Stars for the quality of cover by Defaqto, a leading independent financial research company.

Tesco is the only supermarket bank to receive Five Stars, the highest rating available. The Five Star Cover offers a very high level of cover and it's a mark of confidence and assurance of quality.

Tesco Five Star Total Cover includes:

• Loan repayments protected in event of illness, accident, unemployment or death
• £100 Tesco giftcard every month you claim
• Five Tesco.com home grocery deliveries every month you claim at no cost
• Advice from a confidential Back to Work Advice Service

More detailed information about Tesco Total Cover payment protection insurance.