Foreign Currency Term Loan

Companies can obtain term loans to import raw materials, and capital goods, purchase machinery and satisfy working capital requirements. This service is simple to obtain, and the repayment style includes a variety of characteristics.

Low Initial Payment

Enticing EMI

Instant Acceptance

No guarantor

Used Vehicle Loans

Refinance Existing Loans

Eligibility Criteria

Eligibility criteria are based on a variety of characteristics such as payback history, business sales/turnover, and creditworthiness, among others.

  • Mid-sized and large corporations
  • The company's minimum annual revenue should be 500 crores.
  • Only exporting businesses are eligible.
  • A strong credit history is required.

Documents Required

  • Two Photographs
  • 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 Filed)
  • 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 the Bank
  • Last 3 Months’ Salary Slip + Appointment Letter
  • Photograph Both
  • Pan Card Clear Copy - Proprietor
  • Address Proof (Passport, 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 Schedules & Annexures
  • Provisional Financials for AY 2023-24
  • 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 Schedule
  • Agreement To Sell Copy
  • Property Papers With Chain and Sanction Map
  • Photograph - Partners
  • Pan Card - Company & All Partners
  • Address Proof - All Partners (Passport, Voter ID, PAN Card, Aadhaar)
  • Firm Address Proof - Latest Utility Bill
  • Partnership Deed Copy
  • GST Certificate
  • GST Return - Last 1 Year
  • 3 Years Company ITR, Profit & Loss A/C, Balance Sheet, Audit Report (3CB, 3CD), All Annexures, Schedules (CA Certified)
  • Provisional Financials - AY 2023-24
  • 3 Years Individual ITRs of All Partners with Computation
  • Firm All A/C Bank Statements - Last 1 Year Updated
  • All Partners’ Saving Account Statements - Last 6 Months
  • If Any Loan Running – Latest Sanction Letter with Repayment Schedule or Track Record
  • Agreement To Sell Copy
  • Complete Property Papers With Chain & Map
  • All Director’s Photograph
  • Clear Pan Card – Company and All Directors
  • Address Proof – Company and Directors
  • List of Directors & Shareholders (CA Certified as on Date)
  • Memorandum Order in Hand and Complete Copy (if applicable)
  • GST, Sale, VAT, and SSI Registration Certificate
  • 1 Year GST Returns
  • All Directors’ Individual ITR & Computation – Last 3 Years
  • Last 3 Years Complete Financials with Tax Audit Report and Annexure
  • Provisional Financials of Last FY or Month-wise Sale Figures of Last 1 Year
  • Company Bank Account Statements – Last 1 Year (Updated)
  • All Directors’ Saving Account Statements – Last 6 Months
  • If Any Loan is Running – Latest Sanction Letter and Repayment Schedule
  • Agreement to Sell Copy
  • Complete Property Papers with Chain and Sanction Map

FAQs

Got questions? Our FAQs have answers and a sprinkle of humor. Dive in and discover more!

1. What exactly is a Foreign Currency Term Loan?

The conversion of one country's currency into another is referred to as a foreign exchange term loan.

2. Is collateral necessary for a Foreign Currency Term Loan?

Yes, a foreign currency term loan requires collateral security.

3. What is the risk of a Foreign Currency Term Loan?

If you sell goods and services outside of India and get paid in a foreign currency, there is a chance that exchange rates will fluctuate and you will earn less than you intended.

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