Appendix - XX
 
 GENERAL TERMS AND CONDITIONS OF EXTERNAL LOANS
Sl.
No.
Source
Currency
Type of Loan
(Conc./Mixed)
Grace
Period
(Years)
Period of
Repayment
after Grace
period (Year)
Rate of
Interest
(In % )
 
Commitment
Charges
(In % )
Remarks
MULTILATERAL
1 I.B.R.D. US Dollar Semi Concessional 5 15 6.18/6.03 * 0.75
The intererst relates to multi currency Pooled Loans.
The interest on single currency loan is based on LIBOR.
Commitment Charges to the extent of 0.50% is
waived since 01.07.1991.Front End Fee @ 1% (one time payment) on loan amounts w.e.f. 1.7.98
2 I.D.A. S.D.R. Concessional 10 25 0.75   0.5
(i) In respect of credits finalised till
July 1988,the repayment period is 50 yrs
including Grace period of 10 yrs.
(ii) Commitment charge is being waived
since last 1989-90.
3 I.F.A.D. S.D.R. Concessional 10 40 1      
4 A.D.B. US Dollar Semi Concessional 3 to 5 20 6.24/5.65 * 0.75 Interest variable every six months. 6.24% / 6.38% forUS $ loan and 5.65% / 5.84% for pooled loans.
5 O.P.E.C. US Dollar Concessional 5 15 2      
BILATERAL
1 Australia US Dollar Concessional 4 8 1.625      
2 Austria Aus.Sch. Concessional 10 20 2.00 to 6    
3 Belgium B.Fr. Concessional 10 20 0.00 to 3    
3 Canada Can. Dollar Concessional 10 40 0.00 to 3    
4 Rep. of Czech & Slovak Rs Concessional 3 12 2.50      
5 Denmark D. Kr Concessional 10 25 0.00      
6 Germany Due.Mark Mixed-Govt.Portion 10 30 0.75   0.25  
      Mixed-Bank Portion 3 10 7.50 * 0.25  
7 France F.Fr. Mixed-Govt.Portion 10 23 0.47      
      Mixed-Bank Portion 0 10 5.77 to 5.93 0.5 Management Fees 0.50%
8 Italy US Dollar Concessional 10 20 1.50      
9 Japan Yen Concessional 10 20 2.50      
10 Netherlands D.Gld. Concessional 8 30 2.50 **    
11 U.K. Pound Concessional 7 18 0.00      
12 U.S.A. US Dollar Concessional 10 30 2.50      
13 Sweden Sw.Kr. Concessional 2.5 8 1.50 ***    
14 Switzerland S.Fr. Mixed-Govt.Portion 3 15 1.50      
      Mixed-Bank Portion 2 6 9.00 *    
15 Russian Fed. Rouble Concessional 3 17 2.50      
16 Iran US Dollar Concessional 7 13 3.00      
17 U.A.E. UAE Dirham Concessional 6 10 2.50      
18 Kuwait Fund K.Dinar Concessional 5 20 4.00      
19 Abu Dhabi Fund UAE Dirham Concessional 5 15 4.00      
20 Saudi Fund S.R. Concessional 5 15 4.00      
21 E.E.C.(SAC) U.K.Pound Concessional 10 40 0.75      
Note :  * Interest rate is variable every six months.
          **  Other charges- Bank charges at variable rates on reimbursement only.
        ***   (i)  Agency fee @ 0.125% on disubursement,
     (ii) Commitment charges @0.50% on undisbursed balance,
     (iii) Credit Insurance premium equivalent to 7.96% of loan amount to be paid in 5 instalments,
     (iv)  For new agreement dt.23.2.94 Agency fee @ 0.25%, Commitment fee @ 0.50% on undisburse balance,
           Credit Insurance premium @ 7.95% of loan amount and Management fee @ 0.50%.