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Foreign Currency Term Loan (FCTL)

The Indian corporates/ firms are allowed to raise the FUNDS through foreign CURRENCY loans at select Indian branches within the prevailing policy guidelines of the RBI.

We recommend this facility to exporters because it gives them a natural hedge, as the exporter gets the money in foreign currency and returns it in the same currency without any need to incur hedging cost. We provide this facility at (L+6) %, which is way lower than a term loan in INR at 12%.

Foreign Currency Term Loans

Key Benefits

FCNR (B) loans are beneficial to the corporates on account of following:

At times, it may entail lesser interest cost vis-à-vis Rupee borrowings.
The borrower is not required to go to the International market for raising the funds as foreign   CURRENCY funds are made available in India reducing the cost of raising such funds.

Purpose of loans

Corporates are allowed to obtain foreign currency denominated loans in India under the above scheme for the following purposes:

For meeting working capital requirements in Indian Rupees.
By way of pre-shipment advances/ post shipment advances to the exporters.
Import of raw materials.
Import of capital goods.
Purchase of indigenous machinery.
Repayment of the existing Rupee Term Loan.
Repayment of any existing ECB's with the permission from RBI, Govt. of India.

     
 
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