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FCNR Loans

  • Eligibility
  • Interest rates & charges
Currencies for Loan

USD, 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 equipment 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 term loans

Note

The rate of interest, other charges and terms are subject to change from time to time as per RBI guidelines/Bank's policy.

Related products

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