Redicle Foreign Currency Term Loan

CTL 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.

Purpose of FCTL:

• For working capital requirements in Indian Rupees
• For the pre-shipment advances/ post shipment advances to the exporters 
• Import of raw materials 
• Import of capital goods 
• Purchase of indigenous machinery 
• Repayment of the existing Rupee Term Loan 
• Repayment of existing ECB’s