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Foreign Currency Loan (FCNR�B)

  • Currencies for loan : US $, Euro �, Japanese � and Sterling �

  • Who is Eligible: This facility would be available to all our existing Corporate / non corporate clients

  • Purpose:

    1. Working Capital.
    2. Loan for capital expenditure such as purchase of new plant and machinery, acquisition of equipments and other assets.
    3. Repayment of existing high cost loans.

  • Tenor: 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.

  • Commitment Fee: 1% p.a. of unutilised amount of FCL if it is not availed within 30 days of sanction.

  • Prepayment charges: 1% on the loan amount for the remaining period

  • Processing Charges:

    1. Working Capital- Rs. 20,000/-
    2. Term Loans- as applicable for rupee TL

Note:- The Rate of interest, other charges and terms are subject to change from time to time as per RBI guidelines/Bank's Policy.

To know the current interest rates Click here.

For further details, please contact the Bank of Baroda Branch nearest to you.

> Working Capital Finance > Line of Credit > Export Finance > Bill Finance > FCNR(B) Loans > Bridge Loans > Advance Against Shares > Loan Against Rent Receivables > Term Finance
> Short Term Corporate Loan > Project Finance > Infrastructure Finance > Takeover of Accounts > Non Fund Based Services

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