FOREX

  • US Dollar 1 Buying 114.45 Selling 115.05
  • Great Britain Pound 1 Buying 145.14 Selling 146.96
  • Euro 1 Buying 125.55 Selling 127.12
  • Australian Dollar 1 Buying 76.681 Selling 77.640
  • Canadian Dollar 1 Buying 86.182 Selling 87.260
  • Japanese Yen 10 Buying 10.466 Selling 10.597
  • Singapore Dollar 1 Buying 82.785 Selling 83.820
  • Swiss Franc 1 Buying 113.50 Selling 114.92
  • Chinese Yuan * 1 Buying 15.859 Selling 16.057
  • Indian Rupees 1 Buying 1.600 Selling 1.602
  • Qatari Riyal 1 Buying 30.832 Selling 31.218
  • Saudi Arabian Riyal 1 Buying 29.947 Selling 30.321
  • Thai Baht 1 Buying 3.752 Selling 3.799
  • Malaysian Ringgit 1 Buying 26.803 Selling 27.138
  • UnitedArabEmirates 1 Buying 30.573 Selling 30.955
  • South Korean Won 100 Buying 9.631 Selling 9.751
  • Danish Kroners 1 Buying 16.652 Selling 16.861
  • Hong Kong Dollars 1 Buying 14.406 Selling 14.586
  • Swedish Kroner 1 Buying 11.540 Selling 11.684
  • Kuwati Dinar 1 Buying 369.39 Selling 374.01
  • Bahrain Dinar 1 Buying 296.53 Selling 300.24

As per Oct 16, 2019 | 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.