CREDIT IN FOREIGN CURRENCY ELIGIBILITY CRITERIA
CREDIT IN FOREIGN CURRENCY ELIGIBILITY CRITERIA:
- Exporters need working capital.
- Importer to meet import obligations.
- Importer of capital goods.
- Customers who have previously taken medium-term FC loans for capital expenditure from foreign financial institutions to prepay these loans (subject to RBI guidelines).
- Loans to Joint Venture / Wholly Owned Subsidiaries of Indian Companies.
- To meet the working capital requirements required for replacement of WCDL to large corporate clients with the good track record.
- Customers who want to convert Rupee Term / Cash Credit.
Period
- Working capital 06 months to 01 Year for the importer/exporter
- Importers of capital goods - 03 years (in case funds are available)
- WCDL / Cash Credit Replacement -03 to 06 months
- In case of conversion of term loan up to -03 years (in case of funds being available)
Quantity / currency
- Based on each transaction within existing credit facilities
- Minimum 0.50 million USD. (Equivalent to Rs. 2.00 crore)
- FC loan in normal USD can also be availed in pound sterling or Euro, if funds are available.
- rate of interest
