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Export earning units and other customers with 'AAA' or 'AA' credit rating.
Customers with credit rating 'A', having natural hedge.
Demand Loan for purchase of new plant and machinery, acquisition of equipments and other assets.
Minimum US Dollars 100,000/-. Lending only in US Dollars.
Working Capital -
Min. 3 months, Max. 18 months.
Conversion of existing rupee working capital facilities into FCL facility can be allowed.
Demand Loans -
Min. 12 Months , Max. 36 Months.
Rate of Interest
Interest rate linked to LIBOR + applicable spread based on credit rating, payable at quarterly intervals.*
1% p.a. of unutilised amount of FCL after 3 months of execution of documents.
In case the sanction is requested to be revalidated, revalidation fee @ 0.25% of the entire sanctioned amount (maximum USD 5000/-) is applicable.
Rs. 145/- per lakh or part thereof, Maximum Rs.1,45,000/-.
In case of conversion of existing facilities, no additional processing charges are recovered. Transaction cost ranging from Rs.15,000/- to Rs.25,000/- is levied at the time of conversion.