ECB Compliance Calculator
External Commercial Borrowing — borrowing limits, MAMP and all-in-cost.
Check eligibility, cost ceiling and tenor requirements for External Commercial Borrowings (ECBs) under RBI's Master Direction on External Commercial Borrowings, Trade Credits and Structured Obligations (FED Master Direction No. 5/2018-19, as amended).
Compliance Check
Cost ceiling (benchmark + 500 bps)-
Your all-in-cost-
Cost compliance-
Min avg maturity required-
Your tenor-
Tenor compliance-
Annual ECB limit per borrowerUSD 750 mn
OverallFill form
Simplified check. Specific provisions (end-use, hedging, parking, refinancing, related-party loans) require detailed analysis.
ECB framework summary:
- Annual limit: USD 750 million per borrower (FY) under automatic route. Beyond requires approval.
- Recognised lenders: Internationally-recognised banks, multilateral / regional financial institutions, foreign equity holders (with minimum equity threshold), foreign branches of Indian banks.
- End-use: Generally permitted for capital expenditure, working capital, refinancing of existing ECBs, on-lending by NBFCs. Real estate (except for self-use), capital market investments, equity investments are restricted end-uses.
- Reporting: Form 83 for Loan Registration Number within 7 days of loan agreement; ECB-2 monthly return by 7th of next month.
- Hedging: Mandatory for certain categories (e.g., infrastructure, NBFC) where average maturity is below specified threshold.
- Cost ceiling: Benchmark rate (SOFR / risk-free reference) plus 500 basis points spread.
Important note: This tool provides an indicative output only. It does not factor in every special provision, surcharge, exception, or recent notification. Verify with the firm before acting on any computation.
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