Foreign Currency Term Loan (FCTL)

MWM has observed that many SME′s and Corporate have imported plant and machinery with Indian Currency in form of loan or from their own sources.
MWM has specific product for such clients in form of Foreign Currency Term Loans (FCTL. Under FCTL these SME′s and Corporate can import machineries in foreign currency thus resulting in very low cost of interest vis-a-vis increased profitability.

FEATURES AND BENEFITS

• Subsidy from government on machinery Loans for manufacturing units.
• No Pre-Payment penalty.
• Eligibility on projected Profitability.
• Loans can be arranged to the tune of 100% of the project cost.
• Rate of Interest as low as 6.5% to 9%