As an entrepreneur, Whether private or corporate entity,
Whether private, business houses or corporate entity, your persistent goal is to grow, expand and elevate your business to the next level of playing field. It can be a business opportunity you want to seize or an unexpected but urgent need; customized foreign currency loans help you unlock the maximum potential to make your dream come true. you need to provide a bare minimum set of documents to apply for a Foreign Currency Loans.
At Sal~Man Funding Group, we provide funds to individuals, private and corporate entities by way of Foreign Currency Lending as Term Loans, Working Capital Loans, Trade Finance and Project Finance needs as well as Export Credit in Foreign Currency. This facility is called External Commercial Borrowings (ECBs). The M-SME sector has been increasingly taking benefit of such facilities extended by the financial institutions.
People have begun relying on External Commercial Borrowings (ECB's) because it come with low rate of interest, it can be convert into local currency, well structure repayment options, These foreign funds denominated in foreign currencies and pegged to prevailing interest rate abroad makes it more pertinent for them to cover their exposure against the exchange rate movements. Foreign Currency Term Loans (FCTL) can be disbursed in four currencies viz. $ US Dollar, GB Pounds Sterling, Euro and Japanese Yen and or as per Borrower's local currency. It can be repaid by bullet payment or in stipulated installments or by conversion of local currency etc, as per the terms of the original sanction.
The key benefit of Foreign Currency Term Loans (FCTL) loans is the low interest rate which is bench marked to the relevant LIBOR rates. There are many reasons why a firm raises foreign currency debt, the most common purpose is a gateway to hedging of foreign exchange exposure, flexible repayment options. borrowing in foreign currencies may cost less than borrowing in the domestic currency because interest rate vary from country to country and speculative reasons may make foreign currency debt an attractive alternative.
The interest rate charged on a Foreign currency loan is based on the interest rates applicable to the currency in which the loan is denominated and not the interest rates applicable to the borrower's own domestic currency. Therefore, a Foreign currency loan should only be considered when the interest rate on the foreign currency is significantly lower than the borrower can obtain on a loan taken out in his or her domestic currency. We offer competitive interest rates and our Relationship Manager works with you to help meet all your needs.