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Corporate

Foreign Currency Swing Limit

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.