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Foreign Currency Term Loan @ 4.50% Onwards

• Subsidy scheme offered by government
• Get access to working capital
• Long term loan at lower interest rates
Enquiry Form
Foreign Currency Term Loan
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Tenure Prepayment
Axis Bank Ltd.
4.00%
1%
36
2.00%
HDFC Bank Ltd
4.00%
1%
36
2.00%
ICICI Bank Ltd.
4.00%
1%
36
2.00%
IndusInd Bank
4.50%
1%
36
2.00%
Kotak Mahindra Bank
4.00%
1%
36
2.00%
Small Industries Development Bank of India (SIDBI)
4.00%
1%
84
2.00% - 4.00%
EXIM Bank
4.00%
1%
36
2.00%
Bank Name Min Interest Rate
Axis Bank Ltd.

4.00%

HDFC Bank Ltd

4.00%

ICICI Bank Ltd.

4.00%

IndusInd Bank

4.50%

Kotak Mahindra Bank

4.00%

Small Industries Development Bank of India (SIDBI)

4.00%

EXIM Bank

4.00%

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by foreign currency term loan Eligibility Criteria?

Companies can avail term loan for the purpose of importing raw materials, capital goods, purchase of machinery & to meet working capital requirements. This facility is easy to avail & repayment mode come with multiple features.

Foreign currency term loan Eligibility Criteria

Eligibility Criteria depends on various factors like repayment history, business sales/turnover& Creditworthiness ...etc.

Eligibility Criteria

  • • Mid & large corporate
  • • minimum turnover of company should be 500 Cr
  • • Only business involved in exporting are eligible
  • • Must have good credit history

What are the factors generally affecting foreign currency term loan Eligibility Criteria?

There are few factors that generally affects Eligibility Criteria as given below: -

None - collateral: - Lender check whether you own any collateral/assets on your name or not, if not then preferably your chances get lower due to none-collateral.

Financial Statement: - If you were unable to maintain & keep eye on financial statement, it would affect your eligibility as due to lack of professional maintenance you fall to miss payment which give a negative mark.

What are the ways to increase foreign currency term loan eligibility?

To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.

Maintain good financial history: - Maintaining a good financial history is only possible when you do credit card & existing loan EMI payments on time without making any default, not applying for mulitple card with low usage of card with the ratio of 30

Boost your creditworthiness: - On regular basis check your credit creditworthiness by getting credit report & make sure whether all payments are taking place on time. This will help you to increase eligibility as well as creditworthiness.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. Photographs 2
  2. PAN Card Copy
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR.
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 years
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  14. Agreement To Sell copy
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  3. ADDRESS PROOF – COMPANY AND DIRECTORS.
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

Who is eligible for foreign currency loan?

 The foreign currency loan eligibility criteria depend on various factors like age of individual, repayment history, business sales/turnover& Creditworthiness, etc.

Is collateral security is required for foreign currency loan?

Yes, collateral security Is required in foreign currency loan.

What is the step to get Foreign Currency loan?

Firstly, choose your currency & amount then enter traveller details & delivery option after that make the payment online then wait for order conformation.

What is foreign currency term loan?

Foreign exchange term loan refers to the conversion of one country's currency into another.

How foreign currency works?

When you do foreign trade, you sell one currency and buy another.

What are the advantages of foreign currency loan?

 There are some advantages of foreign currency loan: -

  • Quick exchange
  • Variety of currency solutions
  • Competitive pricing

Which Banks allows foreign currency loan?

 The UCO bank allows loans in foreign currency to NRI against their foreign currency non-resident account.

What is foreign currency loan risk?

If you sell goods and services out of India and received paid in a foreign currency, there’s a risk that exchange rates could change and you’ll receive less amount than originally expected.

Related Topics

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