Advances Interest Rate

DETAILS OF INTEREST RATES OF ALL ADVANCES FACILITIES

Sr No.

Type of facility

Updated on 03.06.2019

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.

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%

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

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%

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

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.

Vepar Mitra Yojana (Small Business CC)

10.50%

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%.

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

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%

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 .)

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.

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:
(1) Prime Bank L/C - 9.50%
(2) Non Prime Banl L/C- 10.00%

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%

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..

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.

Commercial vehicle loan

10.50%

Cash Credit ( Pledge )

10.00% Priority Sector Advances - 11.00% Others

Cluster based scheme - APMC market

10.50%

Scheme for financing Solar Photo voltaic

Machinery / Equipment Loan

11.00%

Home improvement loan for purchase of Solar Photovoltaic

9.50%

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

Housing Loan Top Up scheme

Term Loan

ROI applied to Existing Housing Loan a/c + 1.50%

ROI applied to Existing Housing Loan a/c + 2.00%

Education Loan

9.10% For female student OR meritorious student securing admission in world Top 50 Universities Others - 9.25%

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.

Two wheeler loan

CIR 700 & above

12.00%

650-700 & (0 or -1 Score )

12.10%

Less than 650

12.25%

Share Pledge

10.50%

CC against Government security

10.00%

Micro finance

10.25%

Unsecured loan

13.00%

Unsecured CC

13.50%

House hold loan

15.00%

Loan against computer

14.50%

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

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.
1% more concession for below mention conditions
(i) Salaried employees of the borrowers / customers of our Bank, where Employer agrees to provide their personal guarantee for Unsecured Loan availed by his / her employee and / or agreeing to deduct EMI from employee’s salary and remit directly to our Bank. (Employer must be associated with our Bank for minimum -2- years.)
(ii) Salaried employees of various organisations (like PSU companies, Universities, Schools, Govt. / Semi Govt. Dept, large Dairy units, large Companies, etc.), where employer has agreed to deduct EMI from concerned employee’s salary and remit directly to our Bank.

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.
Applicant having CIR of less than 600 Score will not be eligible for such Two Wheeler Loan.

50 basis concession is to be allowed when our borrower enjoying satisfactory conducted loan account / credit facility agrees to create negative lien on security already hypothecated / mortgaged in favour of Bank.

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%

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.
1. Regular Pensioners –
Min. Amount of Loan: 25000
Max. amount of Loan: 5.00 Lacs

2. Family Pensioners
Min. Amount of Loan: 25000
Max. amount of Loan: 2.00 Lacs

Age limit: For Regular Pensioner & Family pensioner
Maximum Entry Age : 70 Years
Maximum Exit Age: 73 Years

Avg. Income of last -3- Years	EMI/NMI
Above 2.40 Lacs & above - upto 5 lacs	50.00%
Above 5 lacs - upto 10 lacs	55.00%
Above 10 lacs	65.00%

Repayment period - Regular Pensioner : Maximum 36 months
Family Pensioner : Maximum 24 months

Interest rate -

CIR	Rate of Interest p.a.
CIR 750 & above	11.50%
CIR 700 to 749 & CIR -1 & 0	12.00%
CIR below 700	Such proposals will not be entertained.

Processing charges - 0.50% of Loan amount Minimum 250/- and Maximum 2500/-

Share Linking Norms - 2% of Loan amount

KAL PERSONAL LOAN FOR SALARIED CLASS & PROFESSIONALS

Purpose - For meeting Marriage / Educational and medical expenses, to celebrate family functions and for other household expenses.
However, utilization of loan proceeds for speculative purposes is strictly prohibited.

Eligibility - Salaried Persons / Professionals with minimum -3- years of service/ experience and have Form 16/ have filed ITR for last -3- years.

In case of Salaried person, he/ she should have confirmed service with present organization for minimum -1- year.

Loan Amount :
Minimum: 25,000/-
Maximum: 5,00,000/-

Entry Age 21 Years
Exit Age: 65 years For Professionals
For Salaried Class Till the date of retirement

EMI/ NMI Ratio:

Avg. Income of last -3- Years	EMI/NMI
Above 2.40 Lacs & above - upto 5 lacs	50.00%
Above 5 lacs - upto 10 lacs	55.00%
Above 10 lacs	65.00%

Repayment - Salary Account with our Bank - 60 months
Salary Account with other Bank - 48 months

Interest Rate -

CIR	Salary A/c with our Bank	Salary A/c with other Bank
CIR 750 & above	11.50%	12.00%
CIR 700 to 749 CIR -1 and 0	12.00%	12.50%
CIR below 700	Such proposals will not be entertained.

Processing Charges - 0.50% of Loan amount
Minimum 250/- and Maximum 2500/-

Share Linking Norms - 2% of Loan amount

KAL PERSONAL LOAN FOR CUSTOMERS HAVING IMMOVABLE PROPERTIES ALREADY MORTGAGE TO OUR BANK.

Purpose - Any bonafide purpose other than speculative purpose

Eligibility - Loan Amount :
Minimum: 25,000/-
Maximum: 5,00,000/-

Age:-
Entry Age 21 Years
Exit Age: 65 years For Professionals & Businessman
For Salaried Class Till the date of retirement

Income EMI/NMI :-

Avg. Income of last -3- Years	EMI/NMI
Above 2.40 Lacs & above - upto 5 lacs	50.00%
Above 5 lacs - upto 10 lacs	55.00%
Above 10 lacs	65.00%

Deviation in EMI/ NMI ratio will not be allowed.

Repayment Period - 60 Months

Interest Rate -

CIR	Rate of Interest
CIR 750 & above	11.00%
CIR 700 to 749 CIR -1 & 0	11.50%
CIR below 700	Such proposals will not be entertained.

Processing charges - Minimum 250/- Maximum 2500/-

Share Linking Norms - 2% of Loan amount

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:-
Minimum 10,000/-
Maximum 1,00,000/-

Exit Age:
65 years For Professionals
For Salaried Class Till the date of retirement

Income Criteria:

Avg. Income of last -3- Years	EMI/NMI
Above 2.40 Lacs & above - upto 5 lacs	50.00%
Above 5 lacs - upto 10 lacs	55.00%
Above 10 lacs	65.00%

Deviation in EMI/ NMI ratio will not be allowed.

Repayment - In 10 equal monthly installments

Interest Rate -

CIR	Rate of Interest
CIR 750 & above	11.50%
CIR 700 to 749 & CIR -1 and 0	12.00%
CIR below 700	Such proposals will not be entertained.

Processing charges - NIL

Share Linking Norms - 2% of Loan amount

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