FOREX

  • US Dollar 1 Buying 113.65 Selling 114.25
  • Great Britain Pound 1 Buying 146.41 Selling 148.24
  • Euro 1 Buying 128.47 Selling 130.07
  • Australian Dollar 1 Buying 80.771 Selling 81.780
  • Canadian Dollar 1 Buying 84.819 Selling 85.880
  • Japanese Yen 10 Buying 10.297 Selling 10.425
  • Singapore Dollar 1 Buying 82.968 Selling 84.005
  • Swiss Franc 1 Buying 112.75 Selling 114.16
  • Chinese Yuan * 1 Buying 16.453 Selling 16.659
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 30.621 Selling 31.003
  • Saudi Arabian Riyal 1 Buying 29.745 Selling 30.117
  • Thai Baht 1 Buying 3.5717 Selling 3.6163
  • Malaysian Ringgit 1 Buying 27.020 Selling 27.358
  • UnitedArabEmirates 1 Buying 30.359 Selling 30.738
  • South Korean Won 100 Buying 10.074 Selling 10.200
  • Danish Kroners 1 Buying 17.040 Selling 17.253
  • Hong Kong Dollars 1 Buying 14.303 Selling 14.482
  • Swedish Kroner 1 Buying 12.464 Selling 12.620
  • Kuwati Dinar 1 Buying 367.18 Selling 371.77
  • Bahrain Dinar 1 Buying 294.43 Selling 298.11

As per Jan 23, 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.