Repayment Repayment terms on transactions supported by direct loans normally range from five to ten years, depending on the export value, the product or project being financed, the importing country and the terms offered by officially supported competitors. The maximum repayment term is five years for relatively rich countries and ten years for relatively poor countries. Exceptions exist to these general guidelines by agreement among the OECD countries. Payments are usually made in semiannual installments beginning six months after final delivery, the mid-point of deliveries or completion of the project, whichever is appropriate. Interest Rates Interest rates on direct loans are fixed for the life of the loan at the time of Ex-Im Bank's Final Commitment.
Interest is payable on the installment dates on outstanding balances.
Ex-Im Bank charges the minimum OECD rate applicable to the category of the importing country and the repayment period. The fees described below are not incurred until Ex-Im Bank authorizes a Final Commitment. This fee begins to accrue 60 days after Ex-Im Bank's Final Commitment for the loan. The fee may be financed by Ex-Im Bank. The utilization procedures are detailed in an annex to the loan agreement.