Advances Interest Rate

DETAILS OF INTEREST RATES OF ALL ADVANCES FACILITIES
Sr No.	Type of facility	Interest rates

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, cotton ginning factory, oil mill and Agro based product units ( Manufacturing Units )	9.00% - 10.00% Based on Credit rating scheme

	Rice Mill, cotton ginning factory, oil mill and Agro based product units ( Trading Units having Credit exposure of more than Rs. 100.00 Lacs)	9.25% to 10.00% 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 (1) 100% or more collateral security coverage (2) Satisfactory track record with us or other FIs. (3) Profit making unit for last 3 years. (Cash profit) (4) Promoters’ contribution is 30% or above
		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%.
8	Construction Advances	Secured Loan and Secured CC - 12.00%
9	Loan against property	EMI	NON EMI
	Term Loan ( Upto `10.00 Lacs )	10.50%	11.00%
	( Above `10.00 Lacs )	10.00%	10.50%
	Drop down CC	10.50%
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 .)
11	Export Finance	Preshipment finance - 9.00% - 9.50% ( For borrowers enjoying regular EPC cum FBP/ FBD facilities )
		9.00% - When benefit of interest equalisation is not available to exporter and 9.50% - When benefit of interest equalisation is available to exporter.
		Post shipment finance - 9.00% - 10.00%
		In case of liquidation of EPC - 9.00% - When benefit of interest equalisation is not available to exporter and 9.50% - When benefit of interest equalisation is available to exporter.
		However for both EPC/FBP backed by FLC of prime banks interest rate of 9.00% can be considered by GM & CEO even though interest equalisation benefit is available.
	Foreign Bill Discounting	For Export Bills under L/C - 9.50% - Where any one of the following condition is fulfilled: Export turnover with our bank for is Rs. 50.00 Crores and above OR Limits are sanctioned with collateral. For other than above - 10.00% .
		For customers with stray post finance availment from us - 10.00%. GM& CEO is to be delegated powers for deciding ROI in range of 9% to 10% for Foreign L/c Bills Discounting based on Country bank, usance, customer standing etc.
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	EMI	NON EMI
	( Upto ` 25.00 Lacs )	8.35%	8.60%
	( More than ` 25.00 Lacs )	8.50%	8.75%
	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	Loyalty customer -	For others
	Loyalty customer - Applicant has premium/ priviledge/ Kal advantage savings/ current account with our bank and applicant maintains the same account till repayment of car loan. OR All existing borrowers who have availed credit facilities ( Retail/ business loan) of Rs 10.00 lacs or more for minimum one year, respective accounts are conducted satisfactorily and maintain operative CASA accounts with our bank	8.50%	8.75%
21	Two wheeler loan	12.00%
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	Same party/ own funds - FD int. rate + 1%
		Third party - FD interest rate + 2%
	FDOD ( Rs. 500.00 Lacs and more )	Same party/ own funds - FD int. rate + 0.50% ( Sub to 50% Limit Utilisation )

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