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

• 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.

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

• Working Capital- Rs. 20,000/-
• 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.