Short Term Loan
Credit Limit: Within approved limit of TR facility.
Purpose Financing on the imported merchandise goods for maximum additional 60 days from TR deal’s maturity.
Financing Ratio: Maximum 80% of the consignment of the merchandise goods.
Nature (i) Credit limit-revolving & renewable.
(ii) Loan under single deal – 'non-revolving'.
Disbursement For/upon settlement of the TR.
Principal Repayment Each deal within maximum period of 60 days from booking date.
Interest repayment On quarterly basis but prior to the maturity of the deal.
Security: As per TR facility.
Tenure: Expiry of the credit limit as per TR.