Products & Services

Interest Rate

Interest Rate Structure - Direct Lending Products effective from August 10, 2011.

 

Prime Lending Rate (PLR) 12.75% p.a.

 

 

Sr No	Scheme/ Product	Type of Facility		Tenure	Rate of Interest
1.	All loans/ advances to Micro enterprises - Exposures upto `2 lakhs	Fixed Rate			12.75% p.a.
2.	All loans/ advances to Micro enterprises1 -  Exposure above `2 lakh and upto `10 lakhs	Floating Rate		Less than or equal to 3 years	12.50% p.a.  to 13.00% p.a.
				More than 3 years	12.75% p.a.  to 13.25% p.a.
		Fixed Rate		Less than or equal to 3 years	13.25% p.a. to 13.75% p.a.
				More than 3 years	13.50% p.a. to 14.00% p.a.
3.	Rupee term loans to MSMEs including Service sector projects/ borrowers  under all Schemes (other than micro enterprises, Infrastructure Development Scheme and Schemes/ borrower segments covered at Sr. nos.1,2,4-7,9-12)	Floating Rate		Less than or equal to   3 years	12.25% p.a. to 14.50% p.a.
				More than 3 years and upto 7 years	12.50% p.a. to 14.75% p.a.
				More than 7 years	12.75% p.a. to 15.00% p.a.
		Fixed Rate		Less than or equal to   3 years	13.00% p.a. to 15.25% p.a.
				More than 3 years and upto 7 years	13.25% p.a. to 15.50% p.a.
				More than 7 years	13.50% p.a. to 15.75% p.a.
4.	Scheme for loans for Energy Efficiency & Cleaner Production Options for MSMEs	Floating Rate		11.25% p.a. to 14.00% p.a.
		Fixed Rate		12.00% p.a. to 14.75% p.a.
5.	Schemes of Infrastructure Development and CRE projects.	Floating Rate		13.75% p.a. to 16.00% p.a.
		Fixed rate		14.50% p.a. to 16.75% p.a.
6.	Foreign Currency Term Loan for MSMEs	FCTL in USD		350 bps to 600 bps over 6M USD LIBOR
		FCTL in EURO		350 bps to 600 bps over 6M EURIBOR
7.	Advances under Working Capital Scheme MSMEs				12.50% p.a.  to 14.75% p.a.
8.	Assistance to NBFC-Asset Finance Companies	Floating Rate		Above 1 year	11.50% p.a. to 13.00% p.a.
		Fixed rate		Above 1 year	12.25% p.a. to 13.75% p.a.
		For loan with repayment periods upto 1 year, the interest rates would be 25 bps less than the interest rates for above 1 year.
9.	Securitisation (Assignment Route) (SO)				11.25% p.a. to 11.35% p.a.
10	Discount rates for MSME Receivable Finance
10.1	MSME Receivable Finance and Invoice Discounting Schemes (Discount Rates)			Based on Usance period	10.25% p.a. to 13.50% p.a.
10.2	Seller-wise Receivable Finance Scheme (Discount Rates) for MSMEs			Based on Usance period	11.00% p.a. to 14.00% p.a.
10.3	With co-acceptance of scheduled commercial banks / Inland LC			Irrespective of Usance period	Floor discount rate: 10.00% p.a.
11.	Direct Discounting Scheme (Equipment)	a. With co-acceptance of scheduled commercial banks			Floor interest rate : 10.75% p.a.
		b. Against alternate security/others			12.75% p.a. to 15.00% p.a.
12.	Direct Risk Capital Assistance Scheme (DRCS) for MSMEs
12.1.	Debt based assistance (Sub-debt/ OCSD/ OCD/ Debentures etc)	Fixed rate	Less than or equal to 3 years		13.75% p.a. to 15.00% p.a.
			More than 3 years and upto 7 years		14.00% p.a. to 15.25% p.a.
12.2	Equity/ Preference Shares (dividend)	Fixed rate	Upto 7 years		15.00% p.a. to 16.25% p.a.
12.3	Under the Start-up Assistance scheme (operated selectively)	Overall expected rate of return will be 15.00% p.a.