FCNR Loans

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.