FOREX

  • US Dollar 1 Buying 114.55 Selling 115.15
  • Great Britain Pound 1 Buying 141.40 Selling 143.16
  • Euro 1 Buying 125.44 Selling 127.01
  • Australian Dollar 1 Buying 78.02 Selling 78.995
  • Canadian Dollar 1 Buying 86.005 Selling 87.08
  • Japanese Yen 10 Buying 10.521 Selling 10.653
  • Singapore Dollar 1 Buying 82.636 Selling 83.668
  • Swiss Franc 1 Buying 114.30 Selling 115.73
  • Chinese Yuan * 1 Buying 15.887 Selling 16.085
  • Indian Rupees 1 Buying 1.6 Selling 1.6015
  • Qatari Riyal 1 Buying 30.859 Selling 31.245
  • Saudi Arabian Riyal 1 Buying 29.976 Selling 30.351
  • Thai Baht 1 Buying 3.7374 Selling 3.7841
  • Malaysian Ringgit 1 Buying 26.940 Selling 27.277
  • UnitedArabEmirates 1 Buying 30.599 Selling 30.982
  • South Korean Won 100 Buying 9.6317 Selling 9.7521
  • Danish Kroners 1 Buying 16.645 Selling 16.853
  • Hong Kong Dollars 1 Buying 14.459 Selling 14.640
  • Swedish Kroner 1 Buying 11.743 Selling 11.890
  • Kuwati Dinar 1 Buying 369.23 Selling 373.84
  • Bahrain Dinar 1 Buying 296.73 Selling 300.44

As per Sep 17, 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.