FOREX

  • US Dollar 1 Buying 110.10 Selling 110.70
  • Great Brt. Pound 1 Buying 142.57 Selling 144.36
  • Euro 1 Buying 127.59 Selling 129.18
  • Australian Dollar 1 Buying 80.637 Selling 81.645
  • Canadian Dollar 1 Buying 82.564 Selling 83.596
  • Japanese Yen 10 Buying 9.7399 Selling 9.8617
  • Singapore Dollar 1 Buying 79.771 Selling 80.768
  • Swiss Franc 1 Buying 109.07 Selling 110.43
  • Chinese Yuan * 1 Buying 15.917 Selling 16.116
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 29.660 Selling 30.031
  • Saudi Arabian Riyal 1 Buying 28.819 Selling 29.179
  • Thai Baht 1 Buying 3.2807 Selling 3.3217
  • Malaysian Ringgit 1 Buying 26.613 Selling 26.946
  • UnitedArabEmirates 1 Buying 29.411 Selling 29.778
  • South Korean Won 100 Buying 9.6865 Selling 9.8076
  • Danish Kroners 1 Buying 16.946 Selling 17.158
  • Hong Kong Dollars 1 Buying 13.851 Selling 14.024
  • Swedish Kroner 1 Buying 12.218 Selling 12.371
  • Kuwati Dinar 1 Buying 355.96 Selling 360.41
  • Bahrain Dinar 1 Buying 284.34 Selling 287.90

As per Jul 20, 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.