FOREX

  • US Dollar 1 Buying 115.50 Selling 116.10
  • Great Brt. Pound 1 Buying 151.03 Selling 152.92
  • Euro 1 Buying 134.18 Selling 135.86
  • Australian Dollar 1 Buying 83.448 Selling 84.491
  • Canadian Dollar 1 Buying 88.914 Selling 90.026
  • Japanese Yen 10 Buying 10.233 Selling 10.360
  • Singapore Dollar 1 Buying 83.762 Selling 84.809
  • Swiss Franc 1 Buying 118.13 Selling 119.61
  • Chinese Yuan * 1 Buying 16.564 Selling 16.771
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 31.115 Selling 31.504
  • Saudi Arabian Riyal 1 Buying 30.230 Selling 30.607
  • Thai Baht 1 Buying 3.5571 Selling 3.6016
  • Malaysian Ringgit 1 Buying 27.434 Selling 27.777
  • UnitedArabEmirates 1 Buying 30.853 Selling 31.239
  • South Korean Won 100 Buying 10.311 Selling 10.440
  • Danish Kroners 1 Buying 17.802 Selling 18.024
  • Hong Kong Dollars 1 Buying 14.539 Selling 14.720
  • Swedish Kroner 1 Buying 12.871 Selling 13.032
  • Kuwati Dinar 1 Buying 373.71 Selling 378.38
  • Bahrain Dinar 1 Buying 299.35 Selling 303.09

As per Sep 20, 2018 | View All »

Term Loan

Term Loan is granted for financing Capital/Fixed Expenses of the project, on going (expansion of the existing project) and up coming projects (New projects). If the term loan is approved as a part of the project finance, the bank, normally based on the certified report of the project under construction, disburses the whole amount of the term loan on phase basis within the approved limit of the term loan. In case, the Term Loan is provided for purchase/import of plant, machinery, furniture, equipments etc., the bank may disburse the whole amount of the approved term loan in the borrower’s checking account. In both the cases the bank as far as possible makes payment directly to the exporters or suppliers by debiting the party’s term loan account.
 
Term loan, by nature is granted for relatively longer period, and are repayable on installment basis. Term Loan’s are provided for a certain period and shall be repaid in installments. Though term loan is granted for longer period.