FOREX

  • US Dollar 1 Buying 108.55 Selling 109.15
  • Great Brt. Pound 1 Buying 143.42 Selling 145.22
  • Euro 1 Buying 125.34 Selling 126.90
  • Australian Dollar 1 Buying 80.446 Selling 81.452
  • Canadian Dollar 1 Buying 81.782 Selling 82.804
  • Japanese Yen 10 Buying 9.7477 Selling 9.8695
  • Singapore Dollar 1 Buying 79.751 Selling 80.748
  • Swiss Franc 1 Buying 107.70 Selling 109.05
  • Chinese Yuan * 1 Buying 16.545 Selling 16.752
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 29.243 Selling 29.608
  • Saudi Arabian Riyal 1 Buying 28.411 Selling 28.766
  • Thai Baht 1 Buying 3.3135 Selling 3.3549
  • Malaysian Ringgit 1 Buying 26.752 Selling 27.087
  • UnitedArabEmirates 1 Buying 28.996 Selling 29.359
  • South Korean Won 100 Buying 9.8403 Selling 9.9633
  • Danish Kroners 1 Buying 16.651 Selling 16.859
  • Hong Kong Dollars 1 Buying 13.654 Selling 13.825
  • Swedish Kroner 1 Buying 12.216 Selling 12.369
  • Kuwati Dinar 1 Buying 351.27 Selling 355.66
  • Bahrain Dinar 1 Buying 280.72 Selling 284.23

As per Jun 17, 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.