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 OD ( 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 OD, 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 OD)	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 OD - 12.00%
9	Loan against property	Individual	Non Individual
	Term Loan ( For both EMI and NON EMI Options)	CIR SCORE 700 & Above - 10.00% 650-699 & (0 to 5 or -1 Score) - 10.50% Less than 650 - 11.00%	Margin is 50% or more - 10.00% Margin is Less than 50% - 10.25%

	Drop down CC ( For both EMI and NON EMI Options)	CIR SCORE 700 & Above - 10.50% 650-699 & (0 to 5 or -1 Score) - 11.00% Less than 650 - 11.50%	Margin is 50% or more - 10.50% Margin is Less than 50% - 10.75%
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	CIR SCORE	Interest Rate
	Upto ` 25.00 Lacs For both EMI and NON EMI	700 & above	8.30%
		650-699 & (0 to 5 or -1 Score )	8.50%
		Less than 650	8.70%
	More than ` 25.00 Lacs For both EMI and NON EMI	700 & above	8.50%
		650-699 & (0 to 5 or -1 Score )	8.70%
		Less than 650	8.90%
	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	CIR SCORE	Interest Rate
		700 & above	8.75%
		650-699 & (0 to 5 or -1 Score )	8.85%
		Less than 650	9.00%
	Note: #Loyalty customer will continue to get concession of 0.25% in above mentioned revised interest rates. GOE will cortinue to have powers of further reduction of 25 basis points for Car Loan advances.
21	Two wheeler loan	CIR SCORE	Interest Rate
		700 & above	12.00%
		650-699 & (0 to 5 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	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 )
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. 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.
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. 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.

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