ShareIs it compulsory to get external credit rating for availing bank loans? No. However it depends from company to company as in some cases of PSU, they have made it compulsory.Was this FAQ helpful to you? Related FAQs Are there restrictions on certain sector for which factoring is not available? My exports are in EUR; shall I take packing credit in EUR or in USD and why? I am getting lot of orders (both domestic and exports) but my bank limit is insufficient to finance these. My bank is taking time to enhance the limits. What routes are available to borrow to execute these orders? Can I avail ECB if my business has both manufacturing and trading? What is the maximum duration for which I can get long term loan? I don’t have exports, can I borrow in foreign currency to reduce interest cost? Leave a Reply Click here to cancel reply. Name Email (will not be published) Website Comment