|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.|
- Feb 22 2018
- Dec 19 2017
- Nov 22 2017