Loan Against Rupee/ USD Term Deposit scheme
Features
Lower interest rates.
Loan for Business needs anywhere in the world.
Get high value loans against securities..
Easy repayment.
No need to send money to foreign WOS/ JV.
Only 10%* margin on book value of deposit.
Tenor is minimum 1 month and maximum 12 months.
If deposit is renewed further, rollover of the loan may also be allowed, subject to compliance of margin guidelines.
*Subject to market volatility of the currency
How to open an account?
Who can Apply
Foreign WOS/ JV of Indian Corporates who are eligible to obtain need-based credit facility in compliance of FEMA/ RBI/ Overseas Regulator Norms and guidelines.
| Eligibility | Foreign WOS/ JV of Indian Corporates who are eligible to obtain need-based credit facility in compliance of FEMA/ RBI/ Overseas Regulator Norms and guidelines. |
| Currency | USD, EUR, GBP & AUD |
| Regulations | Applicable regulatory norms of RBI / FEMA / IFSCA / Overseas Regulator |
| Pricing | Fixed /Floating |
How to Apply
Please contact your relationship manager or nearest branch/ office.
Interest Rates & Service Charges
The rate of interest charged based on benchmarks like SOFR, EURIBOR, SONIA etc.