FOREX

  • US Dollar 1 Buying 114.70 Selling 115.30
  • Great Britain Pound 1 Buying 145.87 Selling 147.69
  • Euro 1 Buying 129.27 Selling 130.89
  • Australian Dollar 1 Buying 82.974 Selling 84.011
  • Canadian Dollar 1 Buying 86.690 Selling 87.774
  • Japanese Yen 10 Buying 10.054 Selling 10.180
  • Singapore Dollar 1 Buying 82.744 Selling 83.778
  • Swiss Franc 1 Buying 112.80 Selling 114.21
  • Chinese Yuan * 1 Buying 16.241 Selling 16.444
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 30.903 Selling 31.290
  • Saudi Arabian Riyal 1 Buying 30.008 Selling 30.383
  • Thai Baht 1 Buying 3.4684 Selling 3.5118
  • Malaysian Ringgit 1 Buying 26.899 Selling 27.235
  • UnitedArabEmirates 1 Buying 30.639 Selling 31.022
  • South Korean Won 100 Buying 10.155 Selling 10.282
  • Danish Kroners 1 Buying 17.157 Selling 17.372
  • Hong Kong Dollars 1 Buying 14.461 Selling 14.642
  • Swedish Kroner 1 Buying 12.522 Selling 12.679
  • Kuwati Dinar 1 Buying 369.15 Selling 373.76
  • Bahrain Dinar 1 Buying 297.11 Selling 300.82

As per Nov 16, 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.