|
LOAN CATEGORY
|
SME
|
Interest Rate
|
| TERM LOAN:- |
|
Upto Rs.2 lakhs (including Transport Loan]
|
13.00% |
| Above Rs.2 lakhs |
| SMERA Rating Scale and from other Agencies |
| Highest |
13.00% |
| High |
13.25% |
| Other Ratings / New Clients / New Transport Loan |
13.75% |
| Existing assisted Prompt Units for 3 years
(including existing Transport Loan)
* |
13.00% |
| OTHER SPECIAL SCHEMES:- |
| Open Term Loan Scheme |
13.00% |
| Drawee Bill / Clean Term Loan Scheme |
14.00% |
| Working Capital Loan - For Rice Mill,
Manufacturing Units, Single Window Scheme,
etc. |
14.00% |
| Micro / Small / Entrepreneur Loan
[MSME Scheme] |
14.00% |
* Atleast 12 quarterly
interest instalments or 36 monthly instalments
should have been remitted
within the grace period.
|
LOAN CATEGORY
|
Non - SME
|
Existing Prompt Client
|
New Clients
|
| Interest Rate | Interest
Rate |
| Non-SME - Term Loan |
13.25% |
14.75%
** |
| Service Sector - Shopping Complex, Community Hall, etc. |
14.50% |
15.00% |
| DOCTORS AND NURSING HOMES [SMALL HOSPITALS] |
| Loans upto Rs.3 Crores |
| For Construction of Building and
purchase of Land and Machinery |
14.50% |
15.00% |
| For
purchase of Equipments alone |
13.50% |
13.50% |
| Loans above Rs.3 Crores |
| Hospitals |
14.50% |
15.00% |
| OTHER SPECIAL SCHEMES |
| Windmill Projects |
13.00% |
13.25% |
| Bill Finance Scheme |
14.50%
|
| JICA Line of
Credit - General Loan |
0.75% less than prevailing rate i.e. current
rate is 12.25% |
1.00% less than prevailing rate i.e. current
rate is 12.75% |
| JICA Line of
Credit - Wind Mill Loan |
0.75% less than prevailing rate i.e. current
rate is 12.25% |
0.75% less than prevailing rate i.e. current
rate is 12.50% |
| Term Loan
replacement of high cost loan |
1% over Corporation usual
Term Loan Interest (or) 15.00% whichever is
higher with reset clause every year. |
| Grow an
Entrepreneur Scheme |
14.00% [To be revised upward if adverse
circumstances warrant it] @@ |
| * *
New Clients with existing units with good
track record for 3 completed years will be
considered at 14.00%
@@ Review every 3 months. |
