Advances Interest Rate

Advances Interest rates Effective from 20-JUL-2017
Type of Advances	Interest Rate
Housing Loan	Up to 25 Lacs(Priority Sector Loan) : EMI : 8.35 % Non EMI : 8.60 % More than 25 Lacs : EMI : 8.50 % Non EMI : 8.70 %
Note: Women applicants will be eligible for further concession of 0.10% in above mentioned revised interest rates. Thus, rate of interest applicable to women borrowers for loans up to 25.00 lacs under EMI scheme will be 8.25% and Non-EMI 8.50 % for loans up to 25.00 lacs to women borrowers rates will be 8.40 % under EMI and 8.65% under Non-EMI scheme. All new customers will be eligible for revised interest rates. Existing Housing loan borrowers who have paid conversion fees on or after 01.04.2016 and has satisfactory track record of repayment will be eligible for revised interest rates without payment of conversion fees. Such borrowers have to submit written request to Branches to get this benefit.

Advances / Loan against Hypothecation of Stock / Book dept / Machinery loan / Bill purchased facility (Individual borrower exposure of Rs. 1 crore and below )	* 11.00% - 11.25%
Advances / Loan against Hypothecation of Stock / Book dept / Machinery loan / Bill purchased facility (Individual borrower exposure above Rs. 1 crore)	10.00% to 12.00%
With Credit Rating AAA	10.00%
With Credit Rating AA	10.50%
With Credit Rating A	11.00%
With Credit Rating B	11.50%
With Credit Rating C (Not Eligible)	12.00%
* 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.
Pledge Facility *
(A) Pledge Facility - Priority Customer [ Agro Processing / SME Unit ] [ Concessional rates will be applicable for individual borrower whose pledge limit exposure is more than 200 lacs. ]	11.00 % to 11.25%
(B) Pledge Facility - Non Priority Customers [ Concessional rates will be applicable for individual borrower whose pledge limit exposure is more than 200 lacs. ]	11.25% to 11.50%
(C) Pledge Facility - Existing interest rate will applicable to individual borrower whose pledge limit exposure is Rs. 50 lacs and above and less than Rs. 200 lacs	12.50%
Education Loan (Individual)	9.25%
Existing maximum limits of Foreign education loan is increased from 20.00 lacs to 30.00 lacs.GOE committe is given powers to consider foreign education loan to the extend of Rs. 50.00 lacs on case to case basis based on merits.
Unsecured Loan	14.00%
Secured Cash Credit
Secured Cash Credit (Business Purpose - per borrower exposure of Rs. 1 crore and below - excluding construction activities)	* 11.50% - 11.75%
Secured Cash Credit (Business Purpose - per borrower exposure of above Rs. 1 crore - excluding construction activities)	10.50% - 12.50%
With Credit Rating AAA	10.50%
With Credit Rating AA	11.00%
With Credit Rating A	11.50%
With Credit Rating B	12.00%
With Creait Rating C (Not Eligible)	12.50%
Secured Loan
S.S.I unit *
(A) For construction of Factory / Shed - per borrower of Rs. 1crore and below	* 11.00% - 11.25%
(B) For construction of Factory / Shed - per borrower exposure of above 1 crore ( with credit rating *)	10.00% to 12.00%
With Credit Rating AAA	10.00%
With Credit Rating AA	10.50%
With Credit Rating A	11.00%
Credit Rating B	11.50%
Credit Rating C (Not Eligible)	12.00%
Non SSI unit *
(C)other Advances (Non S.S.I advances - per borrower of Rs. 1crore and below)	* 11.50% - 11.75%
(D) other Advances (Non S.S.I advances - per borrower exposure of above 1 crore)	10.50% to 12.50%
With Credit Rating AAA	10.50%
With Credit Rating AA	11.00%
With Credit Rating A	11.50%
Credit Rating B	12.00%
Crdit Rating C (Not Eligible)	12.50%

House Hold Loan	15.00%
Loan for Computer	14.50%
Cluster based scheme - APMC markt	10.50%
Cluster Based Scheme For Textile Industry	100% or more Collateral Security coverage : AAA rated customer : 9.50% AA rated customer : 9.75% A rated customer : 10.00% B rated customer : 10.50% Unrated customer : 11.00% Less than 100% Collateral Security coverage AAA rated customer : 9.75% AA rated customer : 10.00% A rated customer : 10.25% B rated customer : 10.75% Unrated customer : 11.25%
Export Finance	Pre Shipment - 09.50% Post Shipment - 09.50% - 10.50% Subject to terms and conditions
Unsecured Cash Credit (Personal)	14.50%
*Loan against vehicles*
Loan against Vehicle – 2 wheeler	12.00%
Vehicle Loan - 4 wheeler - Personal	#For Loyalty customers 08.75% For others - 09.25%
# Loyalty customers – Applicant has premium/ priviledge/ Kal advantage savings/ current account with our bank and applicant maintains the same account till repayment of said 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
Vehicle Loan - 4 wheeler - Commercial	10.50%
*Advances Against Deposit of Bank*
1) Advances against Own Name F.D.	Deposit Int Rate + 1.00%
2) Advances against Third Party F.D.	Deposit Int Rate + 2.00%
Application of interest on FDOD advances and Loan against FD on monthly basis.(effective date 12-OCT-2016)

Loan for construction activity ( SL & SCC)	12.50%
Vyapar Mitra Yojna	10.50%
Doctor Mitra Yojna * ( TL & CC)	* 9.25% to 9.75% ROI of 9.25% will be applicable when all of the following conditions are fulfilled: 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%.
Max. limit of Term Loan is increased from 1000.00 lacs to 1500.00 lacs. Incase of Corporates / LLP / established hospitals, bank will decide ROI on case to case basis based on risk rating sub. to min. celling of 10.00%

Share Pledge (Cash Credit)	11.00%
Lease Rent Discount *	* 11.00% to 11.50% ROI of 11.00% will be applicable when all of the following conditions are fulfilled. 1) Lesses is reputed corporate/institution/govt./Semi govt./PSUs/MNC/Established commercial oraganization/multinational companies/first class top Indian companies etc. 2) Min. lease agreement to be 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,retain loan rquirements of group & family to be maintained with us. (* Educatoinal institutions/trusts etc. will not be eligible for lower ROI)
CC/Loan against Govt. Secuirty	10.50%
Loan against Property (Business and Professional and Salaried)	Term Loan: Loan upto 10.00 lacs EMI – 11.00 % Non EMI – 11.50 % Loan above 10.00 lacs EMI – 10.00 % Non EMI – 10.50 % Drop down CC - 11.50%

*Loan for Rice Mill / Cotton Mill / Oil Mill and agrobased product unit (production unit)*
Stock / Book dept / Machinery Loan *	* 10.00%(eligible for rebate) to 10.25% 10.00% - Subject to fulfillment of following all conditions (1) Borrowal accounts with 100% and more collateral security ( to cover working capital limits only) (2) Quasi capital ratio is atleast 35% These categories of borrowers will be further eligible for interest rebate of 0.25%. At the time of renewal if along with above two conditions, average utilization is 50% or more, borrowers will be eligible for interest rebate of 0.25% w.e.f. 01/05/2017 to due date of renewal. Thus effective interest rate will be 9.75% p.a. 10.25-Others
Pledge facility for food grain
Secured Cash Credit food grain pledge *	11.00% to 12.50%
Micro Credit
Micro Credit	10.25%

In case of Hypothecation of Stock, Book debt, Machinery Loan, Bill Purchase Facility, Secured CC facility, Secured loan facility, following interest rates will be applicable for new borrowers only. Existing borrowers will be eligible for revised interest rates at the time of renewal of credit facilities or on submisison of Audited financial statements for FY 16-17 which ever is earlier.

In case of small units/ borrower ( with credit exposure of upto 100.00 Lacs ) where audit is not compulsory, CA certified financial statements will be accepted.Certain Parameters and categories of our existing Internal credit rating model has been revised. Therefore branches are advised to calculate revised interest rate as per Revised internal credit rating scheme.