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Advances Interest Rate

SRNO Nature of Credit Facilities Revised ROI
Upto Rs. 1 Crore Above Rs. 1 Crore
Priority Non Priority Priority Non Priority
1 CC (Stock, Book Debts) 8.25% to 8.75% 8.50% to 9.00% 8.00% to 10.50% 8.50% o 11.00%
Inland Bill Purchase / Bill Discount 8.25% to 8.75% 8.50% to 9.00% 8.00% to 10.50% 8.50% o 11.00%
Secured Loan (MSME) 8.25% to 8.75% 8.50% to 9.00% 8.00% to 10.50% 8.50% o 11.00%
Machinery Loan 8.25% to 8.75% 8.50% to 9.00% 8.00% to 10.50% 8.50% o 11.00%
RATING CRITERIA & ROI
Upto Rs. 1 Crore (Priority & Non Priority) Upto Rs. 1 Crore Above Rs. 1 Crore
If all the -4- criteria are complied then – 8.25% / 8.50% Rating Priority Non Priority
i) In the business for > 3 years KCCB-1 8.00% 8.50%
ii) Must be profit making KCCB-2 8.25% 8.75%
iii) Minimum 30% Net Owned Quasi Capital Contribution If security coverage is less than 100% but more than 75% & other -3- criteria are complied then – 8.50% / 8.75% KCCB-3 8.50% 9.00%
iv) Minimum 100% Collateral Security Coverage KCCB-4 8.75% 9.25%
KCCB-5 9.00% 9.50%
KCCB-6 9.50% 10.00%
Others – 8.75% / 9.00% KCCB-7 10.00% 10.50%
Unrated 10.50% 11.00%
2 Secured OD (excluding Real Estate activity) for MSME unit – PRIORITY Upto Rs. 1 Crore Above Rs. 1 Crore
8.60% to 9.10% 8.35% to 10.85%
RATING CRITERIA & ROI
Upto Rs. 1 Crore (Priority ) Up to Rs 1 Crore Rating > Rs. 1 Crore
i) In the business for > 3 years If all the -4- criteria are complied then – 8.60% KCCB-1 8.35%
ii) Must be profit making KCCB-2 8.60%
iii) Minimum 30% Net Owned Quasi Capital Contribution KCCB-3 8.85%
iv) Minimum 100% Collateral Security Coverage If security coverage is less than 100% but more than 75% & other -3- criteria are complied then – 8.85% KCCB-4 9.10%
KCCB-5 9.35%
Others – 9.10% KCCB-6 9.85%
KCCB-7 10.35%
Unrated 10.85%
SOD ROI will be 0.25% higher than the above stipulated ROI, if applicant does not create our charge on Current Assets and does not agrees to submit Stock and Book Debts statements on a yearly basis.
3 Secured OD (excluding Real Estate activity) & Secured Loan) Non MSME – NON PRIORITY Upto Rs. 1 Crore Above Rs. 1 Crore
9.10% to 9.60% 8.85% to 11.35%
RATING CRITERIA & ROI
Upto Rs. 1 Crore (Priority ) Up to Rs 1 Crore Rating > Rs. 1 Crore
i) In the business for > 3 years If all the -4- criteria are complied then – 9.10% KCCB-1 8.85%
ii) Must be profit making KCCB-2 9.10%
iii) Minimum 30% Net Owned Quasi Capital Contribution KCCB-3 9.35%
iv) Minimum 100% Collateral Security Coverage If security coverage is less than 100% but more than 75% & other -3- criteria are complied then – 9.35% KCCB-4 9.60%
KCCB-5 9.85%
Others – 9.60% KCCB-6 10.35%
KCCB-7 10.85%
Unrated 11.35%
SOD ROI will be 0.25% higher than the above stipulated ROI, if applicant does not create our charge on Current Assets and does not agrees to submit Stock and Book Debts statements on a yearly basis.
4 Secured OD & Secured Loan (excluding Real Estate activity) for Non MSME Units for other than business purpose – Non Priority Upto Rs. 1 Crore Above Rs. 1 Crore
11.00% to 11.25% 10.00% to 12.00%
RATING CRITERIA & ROI
Upto Rs. 1 Crore (Priority ) Up to Rs 1 Crore Rating > Rs. 1 Crore
i) In the business for > 3 years If complied with all -4- rating criteria, 11.00%; else 11.25% KCCB-1 10.00%
ii) Must be profit making KCCB-2 10.25%
iii) Minimum 30% Net Owned Quasi Capital Contribution KCCB-3 10.50%
iv) Minimum 100% Collateral Security Coverage KCCB-4 10.75%
KCCB-5 11.00%
KCCB-6 11.25%
KCCB-7 11.50%
Unrated 12.00%
Since given for non business activity, no charge over Current Assets applicable and therefore, 0.25% higher ROI shall not be applicable. Hence, above stipulated ROI shall be applicable.
4a Secured Loan (Individuals) 8.50% to 9.25%
Both EMI & Non EMI CIBIL Score FOIR 65% or less FOIR > 65%
750 & Above 8.75% 9.00%
700 to 749 9.00% 9.25%
0 & -1 9.25% 9.50%
650 to 699 (#) 9.25% 9.50%
0.25% concession in above rate of interest can be considered, if any of the following condition is complied :
1) Margin available is equal to or more than 50% or
2) Where applicant is Proprietor / Partner / Director in existing unit which is enjoying various credit facilities with us since last 2 years with satisfactory track record or
3) Individual is Professionally qualified (like Doctor / CA / CS / CWA / Architect etc..)

(#) In case of Individual who is associated with us as Proprietor / Partner / Director, of the existing unit, which are enjoying various credit facilities with us and / or maintains CASA of immediate Family members of minimum of Rs. 1.00 lacs and / or maintains FDRs with us.

No Deviation in FOIR / CIBIL Score / ROI can be considered.

5 Vyapar Mitra (Small Business OD & Small Business Secured Loan) Priority – 8.75% Non – Priority – 9.00%
6 APMC OD Priority Non – Priority
8.75% 9.00%
7 CC (Pledge) Priority Non – Priority
7.75% 9.00%
8 Textile Cluster More than 100% Collateral Less than 100% Collateral
8.50% to 10.00% 8.75% to 10.25%
RATING CRITERIA & ROI
RATING >100% Collateral <100% Collateral
AAA 8.50% 8.75%
AA 8.75% 9.00%
A 9.00% 9.25%
B 9.50% 9.75%
Unrated 10.00% 10.25%
Option is available for Internal Credit Rating based on Revised Rating.
9 Printing Cluster More than 100% Collateral (a) 75% or more but Less than 100% collateral (b) Others (c)
8.75% 9.00% Regular Scheme
RATING CRITERIA & ROI
a) ROI 8.75%, if following criteria are fulfilled b) ROI 9.00% subject to condition that collateral security coverage should 75% or more but less than 100% and all other 3 conditions are fulfilled.
(i) 100% or more Collateral Security Coverage
(ii) Satisfactory track record with us or other FIs
(iii) Profit making unit for last 3 years. (Cash profit)
(iv) Net Owned Promoters’ contribution of 30% or above
c) For other units of Printing Cluster which do not comply with above mentioned criterias, our regular interest rates as applicable to MSME units shall be applicable.
Option is available for Internal Credit Rating based on Revised Rating.
10 Foreign Bill Discounting under L/C for Cotton Bales / Yarns Foreign Bill Discounting under L/C GM & CEO has delegated powers for deciding ROI in range of 8.25% to 10.00% for Foreign LC Bills Discounting based on Country, Bank, Usance / Sight, Customer Standing etc.
(i) For DA basis Export Bills drawn under
– Prime Bank L/C 8.75%
– Non Prime Bank L/c 9.25%
(ii) For Sight basis Export Bills drawn under
– Prime Bank L/C 8.75%
– Non Prime Bank L/c (approved by our bank) 9.25%
– Non Prime Bank L/c (other than approved list) 10.25%
(iii) For Customer with stray post finance from us 10.50%
11 Commercial Vehicle Priority Non – Priority
9.50% 9.75%
If existing borrower enjoying various credit facilities with us and has applied for commercial vehicle Loan for purchasing commercial vehicle for own business use then ROI as per Internal Credit Rating or applicable ROI, w.e. lower to be considered.
12 Pre-shipment and / or Post-shipment Export Finance
Priority Sector (With LC / Without LC) 8.00%
Non-Priority Sector (With LC) 8.25%
Non-Priority Sector (Without LC – other than Diamond / Jwellery Sector)) 8.50%
Non-Priority Sector (Without LC – Diamond / Jwellery Sector)) 9.50%
13 Doctor Mitra Yojana Priority Non – Priority
8.00% to 8.50% 8.75% to 9.25%
Rating Criteria & ROI ROI shall be 8.00% for Priority Sector & 8.75% for Non Priority, if following criterias are fulfilled; else 8.50% ROI for Priority and 9.25% ROI for Non Priority:
(i) Immovable property to the extent of total advances sanctioned is mortgaged in favour of Bank.
(ii) Promoters’ contribution is more than 25%.
(iii) Application belonging to doctors having good practice and track record will be eligible to get such benefit. Average DSCR should not be less than 1.50.
(iv) Doctor must obtain various services like Saving Bank accounts of staff of the hospital, Demat account, Lockers, Car Loan, Home Loan, Current Account of Hospital etc. from our Bank only.
(v) In case of take over of such account, Bank will charge pre payment penalty of 2%.
(vi) Fulfillment of above mentioned conditions will be evaluated on regular intervals.
14 Rice Mill 7.75% to 9.00%
Rating Criteria & ROI Rating ROI
KCCB – Prime # 7.75%
KCCB-1 8.00%
KCCB-2 8.25%
KCCB-3 8.50%
Unrated 9.00%
# ROI @7.75% will be applicable for the prime category borrowers on satisfaction of both the below mentioned conditions.
1 – Collateral security coverage (to cover Working Capital limits & margin for Secured Loan & Secured OD) is equal to or more than 125.00%. and
2 – Borrower is scoring 40 marks (including maximum 5 bonus marks) as per existing Internal Rating Module- Rice Mill Cluster.
15 Agro based A/cs (other than Rice Mill and Cotton Ginning & Pressing) viz., Dal Mill, Flour Mill, Oil Mill, Dairy, Poultry, etc. 8.25% to 9.25%
Rating Criteria & ROI Marks ROI
35 & above 8.25%
From 30 to 34 8.50%
From 25 to 29 8.75%
Less than 25 9.25%
16 Cotton Ginning & Pressing 8.25% to 10.25%
Rating Criteria & ROI Marks Rating ROI
40 & above AAA 8.25%
From 35 to 39 AA 8.75%
From 30 to 34 A 9.25%
From 25 to 29 B 9.75%
Less than 25 Unrated 10.25%
17 KAL Traders Cash Credit (Agro based commodities for limit Rs. 100.00 Lakhs and above) Discontinued for new advances
18 Greenfield Advance Particular (Priority Sector Advances) Exiting Unit with us Exiting unit with Other Banks Others
100% or more security 100% and above ROI of Existing Unit ROI of Existing Unit 9.00%
Others Less than 100% upto 75% & Above Security ROI of Existing Unit + 0.25% ROI of Existing Unit + 0.25% 9.25%
Others ROI of Existing Unit + 0.50% ROI of Existing Unit + 0.50% 9.50%
1) ROI of Existing unit means ROI as per Credit rating of existing unit (Without Concession sanctioned) to be carried out considering our Full credit rating module.
2) Units which are associated with other Banks are also to be rated as per our full Credit rating module. (The branch to consider “Not Applicable” in Parameters related to Avg Utilization, Turnover in the account, Timely submission of Review proposal, usage of Alternate Delivery Channels and Bonus Marks).
Conditions to treat the unit as Existing Unit :
1) Existing unit must be in existence more than 3 years in same line of industry, generating Cash Profit in last year with reasonable Sales Growth.
2) More than 50% stake holders (which Includes immediate Family members and / or Common Managing Control) are common in New Unit and Existing Unit.
In case of Non Priority Advances, ROI would be 0.50% additional as compared to above Matrix.
19 CGTMSE (CC, TL for Machinery and Secured Loan for Construction) Green Filed Project 9.50%
Other Customers & New Customers Equal to or below Rs. 50.00 Lakhs 9.50%
Above Rs. 50.00 Lakhs 8.75% to 10.75%
20 Real Estate
With Collateral 12.25%
Without Collateral 12.75%
21 Lease Rental Discounting 8.75% to 9.25%
ROI of 8.75% will be applicable when all of the following conditions are fulfilled; else 9.25%:
(i) Lessee is reputed Corporate/ Institution/ Govt/ Semi Govt / PSUs/MNC/Established commercial organization/ Multinational companies/First class top Indian companies, etc.
(ii) Min. Lease Agreement should be for 7 years.
(iii) Min. Lock-in Period should be 3 years.
(iv) Borrower should be sound entity with established other sources of revenue.
(v) Ancillary benefits like SB a/cs, current a/cs, Retail Loan requirement of group & family to be maintained with us.
(*Educational Institutions/ Trusts etc. will not be eligible for above mentioned ROI)
22 LAP (Non Individual)
– Term Loan (both EMI & Non EMI) FOIR 65% or less FOIR > 65%
9.75% 10.25%
10.00% 10.50%
– Drop Down OD FOIR 65% or less FOIR > 65%
Margin: 50% or more 10.25% 10.75%
Margin: Less than 50% 10.50% 11.00%
23 Renewable Energy (Solar Based Generation, Biomass Based Generation, wind based power Generation for Captive Consumption) Machinery & Equipments For Individuals households
(Repo Based ) (Repo Based Scheme)
More than or Equal to 100% Security coverage 7.50% (Repo Rate + 3.50%) No tangible Security 9.00% (Repo Rate + 3.75%)
Less than 100% but upto 75%
CMR – 1 to 3 7.50% (Repo Rate + 3.50%)
CMR – 4 to 6 8.00%(Repo Rate + 3.50%) Tangible Security including Undertaking of Residential Property 7.50%(Repo Rate + 3.75%)
Less than 75% but upto 50%
CMR – 1 to 3 7.75%(Repo Rate + 3.75%)
CMR – 4 to 6 8.25%(Repo Rate + 4.25%)
23a Solar Based Power Generation Scheme for Commercial Purpose (Non Captive Purpose) Security (%) ROI if Interest Subsidy of 6.00% or Less ROI if Interest Subsidy of 7.00%
Minimum 10% of Loan amount in form of FDRs or 20% of Loan amount in form of Immovablesin Addition to Debt Service Reserve of 10% of loan amount in form of FDRs 8.00% 9.00%
Other wise 8.50% 9.50%
24a Home Loan (Under Regular Scheme) Home Loan (Regular Scheme) CIBIL: 700 & above 650 to 699 < 650
Upto Rs. 35 Lakhs (Metropolitan Centre) / Rs. 25 Lakhs (Other Centres) 8.00% 8.20% 8.40%
Above Rs. 35 Lakhs (Metropolitan Centre) / Rs. 25 Lakhs (Other Centres) 8.20% 8.40% 8.60%
a) Women applicant will continue to get concession of 0.10% in above mentioned rates (in addition to the rates mentioned herein above)
b1) Home Loan applicant with LTV {Loan To Value (based on Sale Deed)} Ratio equal to less than 75% and / or
b2) Home Loan applicant with EMI / NMI Ratio lower by 10% or more compared to prescribed ratios for each income slab
For above mentioned criterias, b1 and/or b2 aggregate 0.10% concession shall be given. Therefore, maximum concession in ROI shall be 0.20% bifurcated into 0.10% for (a) and 0.10% for (b)
[(b) includes both (b1) and/or (b2)].
24b Home Loan (Under Repo Scheme) Home Loan ( Repo Based Scheme) 7.00% to 7.80%
CIBIL: 750 & above 701 to 749 651 to 700
Upto Rs. 35 Lakhs (Metropolitan Centre) / Rs. 25 Lakhs (Other Centres) 7.20% 7.40% 7.60%
Above Rs. 35 Lakhs (Metropolitan Centre) / Rs. 25 Lakhs (Other Centres) 7.40% 7.60% 7.80%
* Repo Rate 4.00% + Respective Spread in each category
a) Women applicant will continue to get concession of 0.10% in above mentioned rates (in addition to the rates mentioned herein above)
b1) Home Loan applicant with LTV {Loan To Value (based on Sale Deed)} Ratio equal to less than 75% and / or
b2) Home Loan applicant with EMI / NMI Ratio lower by 10% or more compared to prescribed ratios for each income slab
For above mentioned criterias, b1 and/or b2 aggregate 0.10% concession shall be given. Therefore, maximum concession in ROI shall be 0.20% bifurcated into 0.10% for (a) and 0.10% for (b)
[(b) includes both (b1) and/or (b2)].
* The above ROI are also applicable in case of Home Loan take over from other Bank’s / FI’s. All other Scheme guidelines of Home Loan take over to remain unchanged.
25 Home Loan Top Up Home Loan Top Up (Repo Based Scheme) : 7.50% to 8.80%
Term Loan Term Loan Existing HL Rate + 1.00% (same for Repo scheme)
Overdraft Overdraft Existing HL Rate + 1.50% (same for Repo scheme)
Existing Home Loan – Top up borrowers shall be offered one-time option to switch over to HL-RLLR with conversion fees @ 0.30% of loan amount subject to Maximum Rs. 20,000/- + GST i.e. (A) Present outstanding or (B). Present outstanding + undisbursed portion for Under construction Home Loan.
26 Car Loan Car Loan ( REPO Based Scheme) 7.50% to 9.00%
CIBIL Score: Existing Reduction Final
750 & Above 8.25% 0.55% 7.70%
700 to 749 8.50% 0.55% 7.95%
675 to 699, 0, -1 to 5 8.75% 0.55% 8.20%
650 to 674 8.95% 0.20% 8.75%
600 to 649 8.95% +0.05% 9.00%
Loyalty Customers will continue to get concession of 0.20% in above mentioned Car Loan ROI.
Powers of GOE for considering further concession of 0.25% in ROI for Car Loan advances is withdrawn.
27 Education Loan
Priority Sector 8.25%
Non-Priority Sector (For Girl or admission in top 50 university or Medical / IIT / IIIT / NITs/ IIMs etc & Top 25 colleges / Universities in India) 8.50%
Others 8.75%
Education Loan (Under REPO Scheme) – Proposed 7.50% to 8.00%
Priority Sector 7.70%
Non-Priority Sector (For Girl or admission in top 50 university or Medical / IIT / IIIT / NITs/ IIMs etc & Top 25 colleges / Universities in India) 7.95%
Others 8.20%
Loyalty Customers will get concession of 0.20% in above mentioned Education Loan ROI. Existing borrowers can avail option of one time switch with conversion fees of 0.30% of ledger outstanding and undisbursed portion.
28 KAL Two Wheeler Loan KAL Two Wheeler Loan 8.75% to 10.25%
CIBIL Score: ROI
750 & above 8.75%
700 to 749 9.00%
650 to 699 9.75%
< 650 10.25%
28a Two Wheeler Loan (Regular) Two Wheeler Loan(Regular) 11.00% to 11.25%
700 & Above 11.00%
650 to 699 (0 to 5 or -1) 11.10%
< 650 11.25%
29 Share Pledge (under Regular Scheme) 10.00%
30 OD / TL against Govt Securities 8.00%
31 LAP (Individual)
– Term Loan (both EMI & Non EMI) CIBIL: 700 & Above 650 to 699/0 to -1 Less than 650
10.00% 10.50% 11.00%
– Drop Down OD CIBIL: 700 & Above 650 to 699/0 to -1 Less than 650
10.50% 11.00% 11.50%
32 Unsecured Loan 13.00%
33 Unsecured OD 13.50%
34 Personal Loan up to Rs. 5.00 Lacs
Existing Customers CIR: 700 & above 650 to 699 -1 & 0
11.00% 12.00% 12.00%
Other Customers & New Customers CIR: 750 & above -1 & 0
11.00% 12.00%
No deviation for CIBIL score (both for existing & new customers) to be allowed
35 Micro Finance 12.00%
36 KAL Unsecured Education loan 9.25%
37 Take Over of Priority Sector Advances Under Golden Jubilee Welcome Scheme Repo Rate Linked Interest Rate
Internal Credit Rating Based on latest ABS/ CA Certified Balance sheet. In case of Non Auditable account, self certified B/s with IT Returns ROI as per Repo Linked Scheme (Repo Rate + Spread)
KCCB-1 Repo Rate +3.50% = 7.50%
KCCB-2 Repo Rate +3.75% = 7.75%
KCCB-3 Repo Rate +4.00% = 8.00%
KCCB-4 Repo Rate +4.25% = 8.25%
KCCB-5 Repo Rate +4.50% = 8.50%
The scheme will also be applicable to all cluster based advance accounts except Agro Based Advances Accounts considering full Internal Credit Rating instead of Cluster Rating, All other scheme related parameters remain unchanged.
Existing ROI with Other Bank/FI Less 1.00% (Subject to Minimum 7.50% or Rating as per Internal Credit Rating Scheme of the Bank, which ever is lower
In case of take over proposals with enhancement of limits, ROI shall be upto 1.00% lower than their existing ROI or ROI as per Internal Credit Rating, which ever is higher.
In case of Multiple Banking Arrangement or Consortium Banking Arrangement, ROI shall be as per internal credit rating scheme,subject to ROI shall not be ROI of other Banks'(In case of Multiple Bank Arrangement) or consortium leader Bankers'(In case of consortium arrangement)
Customer opting for Repo Rate linked Interest Rate shall not have option to convert in Regular Rate Scheme.
Takeover proposals shall be considered only for KCCB-5 and above rated borrowers(i.e. KCCB-1 to KCCB-5)
As per Golden Jubilee Welcome Scheme, no processing fees shall be charged in first year on takeover portion. The bank will charge processing fees on increase portion,as per Processing Fees Module.