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Foreign Currency Term Loan @ 4.50% Onwards

In simple words, FCTL is the replacement for Term Loan in INR.Foreign Currency Term Loans (FCTL) can be disbursed in four currencies viz. US$, Sterling, Euro and Japanese Yen with a maturity period of 6 months to 7 years. It can be repaid by bullet payment or in stipulated instalments or by conversion of rupee term loans, as per the terms of the original sanction. It is Financially Viable to the client(s) who are naturally hedged (ideally should have recurring / running business for Fx Inflows). Thus, a regular Exporter can repay through Export receivables. This FCTL $ liability creates a natural hedge against a $ receivable asset.
Enquiry Form
foreign currency term loan
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Tenure Prepayment
Axis Bank Ltd.
4.00% -5.00%
1%
36
2.00%
EXIM Bank
4.00% - 5.00%
1%
36
2.00%
HDFC Bank Ltd
4.00% - 5.00%
1%
36
2.00%
ICICI Bank Ltd.
4.00% -5.00%
1%
36
2.00%
IndusInd Bank
4.50% -5.50%
1%
36
2.00%
Kotak Mahindra Bank
4.00% - 5.00%
1%
36
2.00%
Small Industries Development Bank of India (SIDBI)
4.00% -5.00%
1%
84
2.00% - 4.00%
Bank Name Key Features
Axis Bank Ltd.
Interest rate

4.00% -5.00%

Prepayment

2.00%

EXIM Bank
Interest rate

4.00% - 5.00%

Prepayment

2.00%

HDFC Bank Ltd
Interest rate

4.00% - 5.00%

Prepayment

2.00%

ICICI Bank Ltd.
Interest rate

4.00% -5.00%

Prepayment

2.00%

IndusInd Bank
Interest rate

4.50% -5.50%

Prepayment

2.00%

Kotak Mahindra Bank
Interest rate

4.00% - 5.00%

Prepayment

2.00%

Small Industries Development Bank of India (SIDBI)
Interest rate

4.00% -5.00%

Prepayment

2.00% - 4.00%

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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

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 
Popular Builder Inventory Funding Lenders

Axis Bank
HDFC Bank
ICICI Bank
Indusland Bank Logo
Kotak Bank
SIDBI_LOGO

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