FOREX

  • US Dollar 1 Buying 106.40 Selling 107.00
  • Great Brt. Pound 1 Buying 129.93 Selling 131.55
  • Euro 1 Buying 116.23 Selling 117.68
  • Australian Dollar 1 Buying 81.27 Selling 82.28
  • Canadian Dollar 1 Buying 80.78 Selling 81.79
  • Japanese Yen 10 Buying 10.18 Selling 10.31
  • Singapore Dollar 1 Buying 76.17 Selling 77.12
  • Swiss Franc 1 Buying 106.46 Selling 107.79
  • Chinese Yuan * 1 Buying 15.51 Selling 15.70
  • Indian Rupees 1 Buying 1.60 Selling 1.60
  • Qatari Riyal 1 Buying 28.67 Selling 29.02
  • Saudi Arabian Riyal 1 Buying 27.84 Selling 28.19
  • Thai Baht 1 Buying 3.04 Selling 3.08
  • Malaysian Ringgit 1 Buying 24.96 Selling 25.27
  • UnitedArabEmirates 1 Buying 28.42 Selling 28.78
  • South Korean Won 100 Buying 9.47 Selling 9.59
  • Danish Kroners 1 Buying 15.48 Selling 15.67
  • Hong Kong Dollars 1 Buying 13.54 Selling 13.71
  • Swedish Kroner 1 Buying 11.91 Selling 12.06
  • Kuwati Dinar 1 Buying 344.56 Selling 348.87
  • Bahrain Dinar 1 Buying 275.66 Selling 279.11

As per Oct 19, 2016 | 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.