NSE: 
Banner Image
Banner Image

Foreign Currency Term Loan(FCTL)/Foreign Currency Demand Loan(FCDL)

Foreign Currency Term Loan(FCTL)/Foreign Currency Demand Loan(FCDL)

Foreign Currency Term Loan(FCTL) and Foreign Currency Demand Loan(FCDL) are provided to Mid / Large corporates having turnover of Rs.500 Crores and above for extending long term credit facilities
 

  • Features
  • Eligibility
  • Security
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
  • Acquisition of ISO and other similar certifications.

 

All Corporates having turnover of Rs.500 Crores and above.
Primary
  • 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. 
Others
  • Personal guarantee of proprietors / partners / promoters OR Corporate guarantee