FOREX

  • Great Britain Pound 1 Buying 136.32 Selling 138.0
  • Euro 1 Buying 126.0 Selling 127.6
  • Australian Dollar 1 Buying 76.74 Selling 77.70
  • Canadian Dollar 1 Buying 85.02 Selling 86.08
  • Japanese Yen 10 Buying 10.67 Selling 10.80
  • Singapore Dollar 1 Buying 81.32 Selling 82.34
  • Swiss Franc 1 Buying 115.6 Selling 117.1
  • Chinese Yuan * 1 Buying 15.90 Selling 16.10
  • Indian Rupees 1 Buying 1.600 Selling 1.601
  • Qatari Riyal 1 Buying 30.64 Selling 31.02
  • Saudi Arabian Riyal 1 Buying 29.76 Selling 30.13
  • Thai Baht 1 Buying 3.677 Selling 3.723
  • Malaysian Ringgit 1 Buying 26.67 Selling 27.00
  • UnitedArabEmirates 1 Buying 30.38 Selling 30.76
  • South Korean Won 100 Buying 9.363 Selling 9.480
  • Danish Kroners 1 Buying 16.74 Selling 16.95
  • Hong Kong Dollars 1 Buying 14.32 Selling 14.50
  • Swedish Kroner 1 Buying 11.70 Selling 11.85
  • Kuwati Dinar 1 Buying 366.3 Selling 370.9
  • Bahrain Dinar 1 Buying 294.6 Selling 298.3

As per Aug 15, 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.