Tamilnadu Industrial Investment Corporation Limited, Chennai-35

Lending Interest Rate with effect from 01.04.2012

Sl. No.	Micro Small Medium Enterprises (MSME)		Interest Rate in Terms of PLR	Interest Rate (in %)
1.	Loans upto Rs.2.00 lakhs including Transport Loan		PLR	14.50
2	Loans Above Rs.2 lakhs
a..	SMERA Rating & from other Agencies such as CRISIL - Highest		PLR	14.50
	- High		PLR + 0.25%	14.75
b.	Other Ratings than the above		PLR + 0.75%	15.25
3 (a)	Existing assisted clients (including Transport) continuously in standard category** for 3 years at the time of sanction, OTL etc.		PLR	14.50
3 (b)	Existing non-assisted units with good track record for Three completed years at the time of sanction.		PLR + 0.25%	14.75
4.	New MSME & Transport Sector		PLR + 0.75%	15.25
5.	Other Special Scheme :
(a)	Drawee Bill Scheme / Clean Term Loan Scheme		PLR + 1.00%	15.50
(b)	Working Capital Loan under modern rice mill, manufacturing, processing industries and Single Window Scheme.		PLR + 0.75%	15.25
(c)	Micro, Small, Entrepreneur Loan (MSEF) Scheme		PLR + 1.00%	15.50
(d)	JICA Line of Credit (For the reset clause cases):
	For cases sanctioned from 26.11.2009:	For Prompt clients at the time of sanction	New Clients at the time of sanction
	General Loan	0.75% less than prevailing rate i.e. (14.50-0.75) 13.75%	1.00% less than prevailing rate i.e. (15.25-1.00) 14.25%
	Windmill Loan	0.75% less than prevailing rate i.e. (14.50-0.75) 13.75%	0.75% less than prevailing rate i.e. (14.75-0.75) 14.00%
	For cases sanctioned from 01.01.2009 to 25.11.2009
	General Loan	0.25% less than prevailing rate i.e. (14.50-0.25) 14.25%	0.50% less than prevailing rate i.e. (15.25-0.50) 14.75%
	Windmill Loan	0.25% less than prevailing rate i.e. (14.50-0.25) 14.25%	0.50% less than prevailing rate i.e. (14.75-0.50) 14.25%

** If the unit pays the interest and principal demand within 90 days continuously for 36 months or 12 quarterly installments then the unit is eligible for the concessional rate indicated in Standard category.
PLR = 14.50%

Sl. No.
Non-MSME Category

Interest Rate in Terms of PLR

Interest Rate (in %)

1. Existing clients in Standard category continuously for 3 years at the time of sanction. PLR + 0.25% 14.75
2. Existing non-assisted clients in Standard category continuously for 3 years at the time of sanction. PLR + 1.00% 15.50
3. New Term Loan PLR + 1.50% 16.00
4. Term Loan to service sector viz., shopping complex, community hall, Kalyana Mandapam, etc. PLR + 1.50% 16.00
5. Loans to Hospitals, Doctors and Nursing Home, puchase of land and construction of building PLR + 1.50% 16.00

6. For purchase of medical equipments PLR + 0.50% 15.00
7. WINDMILLS

Standard Category
PLR
14.50

New PLR + 0.25% 14.75

8. Bill Finance Scheme PLR + 1.25% 15.75

9. Term Loan for replacement of high cost loan
1% over the Corporation's usual term loan (or) PLR + 1.50% whichever is higher

1% over the Corporation's usual term loan (or) 16.00 whichever is higher

10. Grow an Entrepreneur Scheme
PLR + 1.25%

15.75

Interest is payable on monthly / quarterly rest.
Other dues will carry an interest rate that is applicable to that of Term Loan.
Subsidy Bridge Loan and Term Loan against Credit Linked Capital Subsidy will carry an interest rate that is applicable to Term Loan.
In the event of default, penal interest of 2.50% p.a. will be charged for the defaulted amount for the defaulted period.
Beyond 120 days, additional interest of 2.50% p.a. will be charged under Bill Finance Scheme.

PLR = 14.50%

Page modified on 03.04.2012

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