Foreign Currency Term Loan(FCTL)/Foreign Currency Demand Loan(FCDL)

Features

Foreign Currency Term Loan(FCTL) and Foreign Currency Demand Loan(FCDL) are provided to Mid / Large corporates having turnover of Rs.500 Crores and above for extending long term credit facilities.
 
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Expansion & Modernizations
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Substitution of high cost debts / high cost term debts of other Banks / FIs.
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Up-gradation of technology & energy conservation schemes / machinery.
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Design and introduction of new layouts in the factory to enhance productivity.
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Acquisition of software, hardware, consumable tools, jigs, fixtures etc
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Acquisition of ISO and other similar certifications.

Eligibility

All Corporates having turnover of Rs.500 Crores and above.

Security

Primary
  • Hypothecation / extension of Hypothecation charge over the fixed assets and or hypothecation of machinery / assets
 
Collateral
  • Extension of charge over current assets / fixed assets 
  • Additional tangible security such as immovable properties / bank deposits etc. 
Others
  • Personal guarantee of proprietors / partners / promoters OR Corporate guarantee 
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Project Finance Working Capital Demand Loan Working Capital Term Loan Merchant Banking Services Short Term Loans IFSC Banking Unit (IBU)

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