Eligible borrowers
- Export earning units and other customers with 'AAA' or 'AA' credit rating.
- Customers with credit rating 'A', having natural hedge.
Purpose
- Working Capital.
- Demand Loan for purchase of new plant and machinery, acquisition of equipments and other assets.
Quantum
Minimum US Dollars 100,000/-.
Lending only in US Dollars.
Tenor
Working Capital - Min. 3 months, Max. 18 months.
Conversion of existing rupee working capital facilities into FCL facility can be allowed.
Demand Loans -
Min. 12 Months , Max. 36 Months.
Rate of Interest
Interest rate linked to LIBOR + applicable spread based on credit rating, payable at quarterly intervals.*
Commitment Fee
1% p.a. of unutilised amount of FCL after 3 months of execution of documents.
In case the sanction is requested to be revalidated, revalidation fee @ 0.25% of the entire sanctioned amount (maximum USD 5000/-) is applicable.
Processing Charges
Rs. 145/- per lakh or part thereof, Maximum Rs.1,45,000/-.
In case of conversion of existing facilities, no additional processing charges are recovered. Transaction cost ranging from Rs.15,000/- to Rs.25,000/- is levied at the time of conversion.
