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DETAILS OF INTEREST RATES OF ALL ADVANCES FACILITIES | |||||||||||||||||||||||
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Sr No. | Type of facility | Updated on 03.06.2019 | |||||||||||||||||||||
1 | Hypothecation of Stock, Book debt, Machinery Loan, Bill Purchase, Secured Loan ( SSI ) Facility. | Individual borrower having credit exposure of Rs. 1 Crore and below | Individual borrower having credit exposure of above Rs. 1 Crore ( With Credit Rating ) | ||||||||||||||||||||
*10.50% - 10.75% | Range 9.50% - 11.50% | ||||||||||||||||||||||
AAA- 9.50% | |||||||||||||||||||||||
AA- 10.00% | |||||||||||||||||||||||
A- 10.50% | |||||||||||||||||||||||
B - 11.00% | |||||||||||||||||||||||
C- Not eligible - 11.50% | |||||||||||||||||||||||
* 1) Applicant/ its associate concern must be engaged into this business for more than 3 years. 2) Min. 30% net owned funds contribution (Quasi capital) 3) Min. 100% collateral security coverage and 4) It must be profit making unit. | |||||||||||||||||||||||
2 | Secured CC ( Excluding construction activity) and Secured Loan (Non SSI ) | Individual borrower having credit exposure of Rs. 1 Crore and below | Individual borrower having credit exposure of above Rs. 1 Crore ( With Credit Rating ) | ||||||||||||||||||||
*11.25% - 11.50% | Range 10.25% - 12.25% | ||||||||||||||||||||||
In case of Secured CC, borrower has to execute documents to create our charge on their current assets and have to submit stock and book debts statements on Yearly basis. Those borrowers who are not willing for creation of charge on current assets will be charged additional 0.50%. For such borrowers ROI range will be 11.75% - 12.00% ( For Rs.1 Crores and below) and 10.75% - 12.75% ( For above 1 Crores ). |
AAA- 10.25% | ||||||||||||||||||||||
AA- 10.75% | |||||||||||||||||||||||
A- 11.25% | |||||||||||||||||||||||
B - 11.75% | |||||||||||||||||||||||
C- Not eligible - 12.25% | |||||||||||||||||||||||
3 | Rice Mill ( Manufacturing Units ) | 8.75% - 9.75% Based on Credit rating scheme | |||||||||||||||||||||
Ginning Mill, oil mill and Agro based product units ( Manufacturing Units ) | 9.25% - 10.25% Based on Credit rating scheme | ||||||||||||||||||||||
4 | Textile Industry Cluster scheme | 100% or more colllateral security coverage | Less than 100% colllateral security coverage | ||||||||||||||||||||
AAA- 9.50% | AAA- 9.75% | ||||||||||||||||||||||
AA- 9.75% | AA- 10.00% | ||||||||||||||||||||||
A- 10.00% | A- 10.25% | ||||||||||||||||||||||
B- 10.50% | B- 10.75% | ||||||||||||||||||||||
C- Not eligible - 11.00% | C- Not eligible - 11.25% | ||||||||||||||||||||||
5 | Printing Press cluster scheme | 9.75% - 10.00% | |||||||||||||||||||||
9.75% - When (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) Promoters’ contribution is 30% or above |
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10.00% - When collateral security coverage is 75% or more but less than 100% and all other 3 conditions are fulfilled. | |||||||||||||||||||||||
When collateral security coverage is less than 75%, our regular interest rates as applicable to SSI units will be applicable. | |||||||||||||||||||||||
6 | Vepar Mitra Yojana (Small Business CC) | 10.50% | |||||||||||||||||||||
7 | Doctor Mitra Yojana | #9.25% - 9.75% | |||||||||||||||||||||
# 1. Immovable property to the extent of total advances sanctioned is mortgaged in favour of bank. 2. Promoters contribution is more than 25%. 3. 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. 4. Doctor must obtain various services like savings account of staff of hospital, demat account, lockers, car loan, housing loan, current account of Hospital etc. from our bank only. 5. In case of take over of such account, bank will charge pre payment penalty of 2%. |
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8 | Construction Advances | Secured Loan and Secured CC - 12.50% if applicant has provided the Collateral Security Otherwise, ROI of 13.00% p.a shall be applicable |
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9 | Loan against property ( Individual ) | Term Loan ( EMI/ Non EMI) | Drop down CC | ||||||||||||||||||||
700 & above | 10.25% | 10.75% | |||||||||||||||||||||
650-699 & (0 or -1 Score ) | 10.75% | 11.25% | |||||||||||||||||||||
Less than 650 | 11.25% | 11.75% | |||||||||||||||||||||
Loan against property ( Non Individual ) | Term Loan ( EMI/ Non EMI) | Drop down CC | |||||||||||||||||||||
Margin is 50% or more | * FOIR is 65% or less -10.00% * FOIR is more than 65%-10.50% | * FOIR is 65% or less -10.50% * FOIR is more than 65%-11.00% | |||||||||||||||||||||
Margin is Less than 50% | * FOIR is 65% or less -10.25% * FOIR is more than 65%-10.75% | * FOIR is 65% or less -10.75% * FOIR is more than 65%-11.25% | |||||||||||||||||||||
10 | Lease rent Discounting | ##10.00% - 10.50% | |||||||||||||||||||||
## 1. Lessee is reputed corporate/ institution/ Govt/ Semi Govt / PSUs/ MNC/Established commercial organization/ Multinational companies/first class top Indian companies etc. 2. Min. lease agreement to be for 7 years. 3. Min. lock in period should be 3 years. 4. Borrower should be sound entity with established other sources of revenue. 5. 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 .) |
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11 | Export Finance | Preshipment finance - 9.50% - 10.00% ( For borrowers enjoying regular EPC cum FBP/ FBD facilities ) | |||||||||||||||||||||
9.50% - When benefit of interest equalisation is not available to exporter and 10.00% - When benefit of interest equalisation is available to exporter. | |||||||||||||||||||||||
Post shipment finance - 9.50% - 10.00% | |||||||||||||||||||||||
In case of liquidation of EPC - 9.50% - When benefit of interest equalisation is not available to exporter and 10.00% - When benefit of interest equalisation is available to exporter. |
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However for both EPC/FBP backed by FLC of prime banks interest rate of 9.50% can be considered by GM & CEO/ DGM (Cr.) even though interest equalisation benefit is available. | |||||||||||||||||||||||
Foreign Bill Discouting |
For DA basis Export Bills drawn under: |
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For Sight Basis Export bills drawn under (1) Prime Bank L/C - 9.75% (2) Non Prime Banl L/C- (Approved by our bank)- 10.25% (3) Non Prime bank L/c- (Other than approved list) - 10.75% |
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For customers with stray post finance availment from us - 11.00% GM & CEO is delegated powers for deciding ROI in range of 9.50% to 10.50% for foreign L/c Bills Discounting based on country bank,Usance,Customer standingetc.. | |||||||||||||||||||||||
12 | Domestic L/c Bill Discounting | GM & CEO has been delegated powers to decide ROI for Domestic L/c Bill discounting on case to case basis based on merits. The said rates are ratified by DC. This practice will continue. | |||||||||||||||||||||
13 | Commercial vehicle loan | 10.50% | |||||||||||||||||||||
14 | Cash Credit ( Pledge ) | 10.00% Priority Sector Advances - 11.00% Others | |||||||||||||||||||||
15 | Cluster based scheme - APMC market | 10.50% | |||||||||||||||||||||
16 | Scheme for financing Solar Photo voltaic | ||||||||||||||||||||||
Machinery / Equipment Loan | 11.00% | ||||||||||||||||||||||
Home improvement loan for purchase of Solar Photovoltaic | 9.50% | ||||||||||||||||||||||
17 | Housing Loan | Home Loan upto Rs 28.00 Lakhs (Irrespective of cost of dwelling unit) | Home Loan more than Rs 28.00 Lakhs (Irrespective of cost of dwelling unit) | ||||||||||||||||||||
CIR 700 & above | 8.50% | 8.70% | |||||||||||||||||||||
650-700 & (0 or -1 Score ) | 8.70% | 8.90% | |||||||||||||||||||||
Less than 650 | 8.90% | 9.10% | |||||||||||||||||||||
Women applicant will be eligible for further concession of 0.10% in all categories | |||||||||||||||||||||||
18 | Housing Loan Top Up scheme | ||||||||||||||||||||||
Term Loan | ROI applied to Existing Housing Loan a/c + 1.50% | ||||||||||||||||||||||
OD | ROI applied to Existing Housing Loan a/c + 2.00% | ||||||||||||||||||||||
19 | Education Loan | 9.10% For female student OR meritorious student securing admission in world Top 50 Universities Others - 9.25% | |||||||||||||||||||||
20 | Car loan | Regular customer | Loyalty customer | ||||||||||||||||||||
CIR 700 & above | 8.95% | 8.70% | |||||||||||||||||||||
650-700 & (0 or -1 Score ) | 9.05% | 8.80% | |||||||||||||||||||||
Less than 650 | 9.20% | 8.95% | |||||||||||||||||||||
* Loyalty customer will continue to get concession of 0.25% in above mentioned revised rates. | |||||||||||||||||||||||
21 | Two wheeler loan | ||||||||||||||||||||||
CIR 700 & above | 12.00% | ||||||||||||||||||||||
650-700 & (0 or -1 Score ) | 12.10% | ||||||||||||||||||||||
Less than 650 | 12.25% | ||||||||||||||||||||||
22 | Share Pledge | 10.50% | |||||||||||||||||||||
23 | CC against Government security | 10.00% | |||||||||||||||||||||
24 | Micro finance | 10.25% | |||||||||||||||||||||
25 | Unsecured loan | 13.00% | |||||||||||||||||||||
26 | Unsecured CC | 13.50% | |||||||||||||||||||||
27 | House hold loan | 15.00% | |||||||||||||||||||||
28 | Loan against computer | 14.50% | |||||||||||||||||||||
29 | FDOD | Minimum FDOD Sanction Limit : INR 250.00 lacs & above 1) FDOD limit of INR 250.00 lacs and above but below INR 500.00 lacs : ROI @ FDR Rate + 0.75 P.A 2) FDOD limit of INR 500.00 lacs and above : ROI @ FDR Rate + 0.50% P.A |
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30 | KAL Unsecured Loan for Salaried Employees (Purpose : Consumer Durables,Purchase of Furniture,Repair or Renovation of House, Payment of Education fees,Marriage Expenses,Medical Expenses etc.) |
10.50% to 12.00% CIR 700& above - 11.50 % p.a. CIR 650- 699 OR (-1/ 0 Score ) - 11.75% p.a. CIR 600- 650- 12.00% p.a. Applicant having CIR of less than 600 Score will not be eligible for such Unsecured Loan. |
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31 | Special KAL Two Wheeler Loan for Existing customers/borrowers, their close relative/employees as well as salaried employees of various org. |
09.50% to 11.00% CIR 700 & above: 10.00% p.a. CIR 650 - 699 or (-1/ 0 Score ) – 10.50% p.a. CIR 600 - 650: 11.00% p.a. |
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32 | Cluster Scheme for Cotton Ginning & Pressing industry |
09.50% to 11.50% Credit Rating AAA - 9.50% Credit Rating AA - 10.00% Credit Rating A - 10.50% Credit Rating B - 11.00% Credit Rating C unrated - 11.50% |
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33 | KAL PENSION LOAN SCHEME |
Purpose - To meet various expenses for Medical, Education, Family & Domestic functions, Marriage of son or daughter etc. other than speculative purpose. Eligibility - Individual having minimum pension of ` 2,50,000 p.a. is eligible for such loan.
Repayment period - Regular Pensioner : Maximum 36 months Interest rate -
Processing charges - 0.50% of Loan amount Minimum 250/- and Maximum 2500/- Share Linking Norms - 2% of Loan amount |
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34 | KAL PERSONAL LOAN FOR SALARIED CLASS & PROFESSIONALS |
Purpose - For meeting Marriage / Educational and medical expenses, to celebrate family functions and for other household expenses. Eligibility - Salaried Persons / Professionals with minimum -3- years of service/ experience and have Form 16/ have filed ITR for last -3- years. Loan Amount : Entry Age 21 Years EMI/ NMI Ratio:
Repayment - Salary Account with our Bank - 60 months Interest Rate -
Processing Charges - 0.50% of Loan amount Share Linking Norms - 2% of Loan amount |
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35 | KAL PERSONAL LOAN FOR CUSTOMERS HAVING IMMOVABLE PROPERTIES ALREADY MORTGAGE TO OUR BANK. |
Purpose - Any bonafide purpose other than speculative purpose Eligibility - Loan Amount : Income EMI/NMI :-
Deviation in EMI/ NMI ratio will not be allowed. Repayment Period - 60 Months Interest Rate -
Processing charges - Minimum 250/- Maximum 2500/- Share Linking Norms - 2% of Loan amount |
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36 | KAL TUITION FEES LOAN SCHEME | Purpose - To help parents to pay tuition fees of their children who are studying in 10th,11th,12th Standard, Graduation, Post graduation, professional course etc. and have bright academics.
Eligibility - Salaried Persons / Professionals who have Form 16/ have filled ITR for last -3- years. Loan Amount:- Exit Age: Income Criteria:
Deviation in EMI/ NMI ratio will not be allowed. Repayment - In 10 equal monthly installments Interest Rate -
Processing charges - NIL Share Linking Norms - 2% of Loan amount |
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37 | Advances to Weaker Sector | Max Amount : 50,000.00 ROI : 16.00 P.A, However interest rebate @ 4.00% P.A will be allowed ab initio at the the time of closure of advance of such borrowers who are regular in repayment during entire tenure of the advance, making effective Rate of Interest @ 12.00% P.A |