FOREX

  • US Dollar 1 Buying 109.4 Selling 110
  • Great Britain Pound 1 Buying 136.69 Selling 138.40
  • Euro 1 Buying 122.62 Selling 124.15
  • Australian Dollar 1 Buying 76.569 Selling 77.526
  • Canadian Dollar 1 Buying 83.517 Selling 84.561
  • Japanese Yen 10 Buying 10.060 Selling 10.186
  • Singapore Dollar 1 Buying 80.046 Selling 81.047
  • Swiss Franc 1 Buying 109.94 Selling 111.32
  • Chinese Yuan * 1 Buying 15.639 Selling 15.835
  • Indian Rupees 1 Buying 1.6 Selling 1.6015
  • Qatari Riyal 1 Buying 29.476 Selling 29.844
  • Saudi Arabian Riyal 1 Buying 28.632 Selling 28.990
  • Thai Baht 1 Buying 3.5325 Selling 3.5766
  • Malaysian Ringgit 1 Buying 26.184 Selling 26.512
  • UnitedArabEmirates 1 Buying 29.224 Selling 29.589
  • South Korean Won 100 Buying 9.2767 Selling 9.3926
  • Danish Kroners 1 Buying 16.265 Selling 16.469
  • Hong Kong Dollars 1 Buying 13.796 Selling 13.968
  • Swedish Kroner 1 Buying 11.554 Selling 11.698
  • Kuwati Dinar 1 Buying 352.56 Selling 356.96
  • Bahrain Dinar 1 Buying 283.43 Selling 286.97

As per Jul 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.