Currencies for Loan
US $, Euro , Japanese and Sterling
Who is Eligible
This facility would be available to all our existing Corporate / non corporate clients
- Working Capital.
- Loan for capital expenditure such as purchase of new plant and machinery, acquisition of equipments and other assets.
- Repayment of existing high cost loans.
The facility can be allowed for a period from 3 months to 36 months subject to periodical rollover.
Rate of Interest
Interest rate would be linked to LIBOR of relevant currency + spread depending on credit rating, payable at monthly rests.
1% p.a. of unutilised amount of FCL if it is not availed within 30 days of sanction.
1% on the loan amount for the remaining period
- Working Capital- Rs. 20,000/-
- Term Loans- as applicable for rupee TL
The Rate of interest, other charges and terms are subject to change from time to time as per RBI guidelines/Bank's Policy.