FA, 2020 amendment increasing...
foreign currency term loan
| Bank Name | Interest Rate Range (%) | Processing Fee (%) | Maximum Tenure | Prepayment | |
|---|---|---|---|---|---|
|
4.00% -5.00%
|
1%
|
36
|
2.00%
|
|
|
4.00% - 5.00%
|
1%
|
36
|
2.00%
|
|
|
4.00% - 5.00%
|
1%
|
36
|
2.00%
|
|
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|
4.00% -5.00%
|
1%
|
36
|
2.00%
|
|
|
4.50% -5.50%
|
1%
|
36
|
2.00%
|
|
|
4.00% - 5.00%
|
1%
|
36
|
2.00%
|
|
|
4.00% -5.00%
|
1%
|
84
|
2.00% - 4.00%
|
|
| Bank Name | Key Features | |
|---|---|---|
|
|
Interest rate
4.00% -5.00%
Prepayment
2.00% |
|
|
|
Interest rate
4.00% - 5.00%
Prepayment
2.00% |
|
|
|
Interest rate
4.00% - 5.00%
Prepayment
2.00% |
|
|
|
Interest rate
4.00% -5.00%
Prepayment
2.00% |
|
|
|
Interest rate
4.50% -5.50%
Prepayment
2.00% |
|
|
|
Interest rate
4.00% - 5.00%
Prepayment
2.00% |
|
|
|
Interest rate
4.00% -5.00%
Prepayment
2.00% - 4.00% |
|
Documents Required
- Individual
- Prop Firm
- Partnership Firm-LLP
- PVT. LTD.
- Photographs 2
- PAN Card Copy
- AADHAR CARD + PASSPORT
- ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
- LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
- LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
- LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
- COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
- PROCESSING FEE CHEQUE IN FAVOUR OF BANK
- LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
- PHOTOGRAPH BOTH
- PAN CARD CLEAR COPY PROPRIETOR.
- ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
- OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
- FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
- LAST 1 YEAR GST RETURN COPY
- FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
- PROVISIONAL FINANCIAL AY 2019-20
- BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
- 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
- IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
- AGREEMENT TO SELL COPY
- PROPERTY PAPERS WITH CHAIN SANCTION MAP
- PHOTOGRAPH PARTNERS
- PAN CARD - COMPANY, ALL PARTNERS
- ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
- FIRM ADD PROOF- LATEST ANY UTILITY BILL.
- PARTNERSHIP DEED COPY
- GST CERTIFICATE
- GST Return last 1 years
- 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
- PROVISIONAL FINANCIAL AY 2019-20
- 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
- FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
- ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
- IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
- Agreement To Sell copy
- PROPERTY PAPERS COMPLETE CHAIN WITH MAP
- ALL DIRECTORS PHOTOGRAPH
- CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
- ADDRESS PROOF – COMPANY AND DIRECTORS.
- LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
- MEMORANDOM
- ORDER IN HAND AND COMPLETE COPY (if applicable)
- GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
- 1 YEAR GST RETURNS
- ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
- LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
- PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
- COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
- ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
- IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
- AGREEMENT TO SELL COPY
- PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions
What are the features of Foreign Currency Term Loan?
Purpose of the loan is to extend long term credit facilities to entrepreneurs:
- Expansion & Modernizations
- Substitution of high cost debts / high cost term debts of other Banks / FIs.
- Up-gradation of technology & energy conservation schemes / machinery.
- Design and introduction of new layouts in the factory to enhance productivity.
- Acquisition of software, hardware, consumable tools, jigs, fixtures etc.
- Acquisit
What is the Eligibility criteria for Foreign currency term loan?
All Corporates having turnover of Rs.500 Crores and above.
What are the additional aspects of this kind of term loan?
- Hypothecation / extension of Hypothecation charge over the fixed assets and or hypothecation of machinery / assets.
-
Collateral
- Extension of charge over current assets / fixed assets
- Additional tangible security such as immovable properties / bank deposits etc.
- Personal guarantee of proprietors / partners / promoters OR Corporate guarantee
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