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Lending rates

Lending rates

  • Base Rate is 8.85 % p. a. with effect from 03.10.2022
  • Benchmark Prime Lending Rate is 13.10 % p. a. with effect from 03.10.2022

Interest Rates on Personal Segment Loan Products 

Interest rate on Export Credit in Foreign Currency

RBI vide their circular has advised Banks on their decision to deregulate the interest rate on Export Credit in Foreign Currency. Accordingly our Bank is permitted to determine the interest rates on export credit.
The rate of interest is determined on a case to case basis depending on the ruling market rate.

Interest rate for products relate to Rupee Export Credit

MSME:

For export credit products, Prevailing Repo rate should be taken as Benchmark rate. Interest rate for respective products will be based on Repo plus spread as given below.

 

  1. Pre-Shipment Credit:
Sl.No Sub Categories Prime Spread Risk Spread *Total Spread Final ROI
1 Upto 360 days 2.80% 0.70% 3.50% Repo+3.50%
2 Against Incentive Receivables from Government covered by ECGC Guarantee up to 90 days 2.80% 0.70% 3.50% Repo+3.50%

 

  1. Post Shipment Credit:
Sl.No Sub Categories Prime Spread Risk Spread *Total Spread Final ROI
1 Demand Bills for transit period 2.80% 0.70% 3.50% Repo+3.50%
2 Usance Bill
2.i Upto 180 days 2.80% 0.70% 3.50% Repo+3.50%
2.ii Upto 365 days for exporters under the Gold card 2.80% 0.70% 3.50% Repo+3.50%
2.iii Against incentive receivables from Government covered by ECGC Guarantee up to 90 days 2.80% 0.70% 3.50% Repo+3.50%
2.iv Against Undrawn balances upto 90 days 2.80% 0.70% 3.50% Repo+3.50%
2.v Against retention money for supplies portion only payable within one year from the date of shipment 2.80% 0.70% 3.50% Repo+3.50%

 

  1. Export Credit not otherwise specified:
Sl.No Sub Categories Prime Spread Risk Spread *Total Spread Final ROI
1 Packing Credit beyond 360 days if adjusted out of export proceeds 2.80% 3.70% 6.50% Benchmark+6.50%
2 Packing Credit adjusted out of domestic funds 2.80% 4.70% 7.50% Benchmark+7.50%
3 Against incentive receivables from Govt covered by ECGC Guarantee beyond 90 days 2.80% 3.70% 6.50% Benchmark+6.50%
4  If not eligible for incentive from the first day of advance 2.80% 4.70% 7.50% Benchmark+7.50%
5 All other export credit not otherwise specified pre shipment 2.80% 3.70% 6.50% Benchmark+6.50%

 

 

  1. Overdue Export Bills
Sl.No Sub Categories Prime Spread Risk Spread *Total Spread Final ROI
1 First fifteen days from the normal transit period or notional due date 2.80% 3.70% 6.50% Benchmark+6.50%
2 Beyond  fifteen days from the normal transit period or notional due date/ADOVEXBIR and other post shipment receivables 2.80% 5.70% 8.50% Benchmark+8.50%
3 Against incentive receivables from Govt covered by ECGC Guarantee beyond 90 days 2.80% 3.70% 6.50% Benchmark+6.50%
4  If not eligible for incentive from the first day of advance 2.80% 4.70% 7.50% Benchmark+7.50%
5 Against undrawn balances beyond 90 days 2.80% 3.70% 6.50% Benchmark+6.50%
6 Against Retention money for supplies portion only payable within one year from the date of shipment beyond 90 days 2.80% 3.70% 6.50% Benchmark+6.50%
7 Deferred Credit for period beyond 180 days with or without refinance from EXIM Bank 2.80% 3.70% 6.50% Benchmark+6.50%
8 TOD/Defaulted Guarantee /Bp Returned unpaid/advance bills (inland/import) 2.80% 5.70% 8.50% Benchmark+8.50%

 

 

 

NON-MSME:

For export credit products, one year MCLR should be taken based on the tenor of the product as benchmark rate. Interest rate for respective products will be based on MCLR plus spread as given below.

 

  1. Pre-Shipment Credit:
Sl.No Sub Categories Prime Spread Risk Spread *Total Spread Final ROI
1 Upto 360 days 0.55% 0.50% 1.05% MCLR+1.05%
2 Against Incentive Receivables from Government covered by ECGC Guarantee up to 90 days 0.55% 0.50% 1.05% MCLR+1.05%

 

  1. Post Shipment Credit:
Sl.No Sub Categories Prime Spread Risk Spread *Total Spread Final ROI
1 Demand Bills for transit period 0.55% 0.50% 1.05% MCLR+1.05%
2 Usance Bill
2.i Upto 180 days 0.55% 0.50% 1.05% MCLR+1.05%
2.ii Upto 365 days for exporters under the Gold card 0.55% 0.50% 1.05% MCLR+1.05%
2.iii Against incentive receivables from Government covered by ECGC Guarantee up to 90 days 0.55% 0.50% 1.05% MCLR+1.05%
2.iv Against Undrawn balances upto 90 days 0.55% 0.50% 1.05% MCLR+1.05%
2.v Against retention money for supplies portion only payable within one year from the date of shipment 0.55% 0.50% 1.05% MCLR+1.05%
  1. Export Credit not otherwise specified:
Sl.

No

Sub Categories Prime Spread Risk Spread *Total Spread Final ROI
1 Packing Credit beyond 360 days if adjusted out of export proceeds 0.55% 3.50% 4.05% MCLR+4.05%
2 Packing Credit adjusted out of domestic funds 0.55% 4.50% 5.05% MCLR+5.05%
3 Against incentive receivables from Govt covered by ECGC Guarantee beyond 90 days 0.55% 3.50% 4.05% MCLR+4.05%
4  If not eligible for incentive from the first day of advance 0.55% 4.50% 5.05% MCLR+5.05%
5 All other export credit not otherwise specified pre shipment 0.55% 3.50% 4.05% MCLR+4.05%

 

  1. Overdue Export Bills
Sl.

No

Sub Categories Prime Spread Risk Spread *Total Spread Final ROI
1 First fifteen days from the normal transit period or notional due date 0.55% 3.50% 4.05% MCLR+4.05%
2 Beyond  fifteen days from the normal transit period or notional due date/ADOVEXBIR and other post shipment receivables 0.55% 5.50% 6.05% MCLR+6.05%
3 Against incentive receivables from Govt covered by ECGC Guarantee beyond 90 days 0.55% 3.50% 4.05% MCLR+4.05%
4  If not eligible for incentive from the first day of advance 0.55% 4.50% 5.05% MCLR+5.05%
5 Against undrawn balances beyond 90 days 0.55% 3.50% 4.05% MCLR+4.05%
6 Against Retention money for supplies portion only payable within one year from the date of shipment beyond 90 days 0.55% 3.50% 4.05% MCLR+4.05%
7 Deferred Credit for period beyond 180 days with or without refinance from EXIM Bank 0.55% 3.50% 4.05% MCLR+4.05%
8 TOD/Defaulted Guarantee /BP Returned unpaid/advance bills (inland/import) 0.55% 5.50% 6.05% MCLR+6.05%

 

*For finer rates as per the Risk rating, the concession/mark-up will be applied on Risk premium as per the below mentioned table.

 

Rating(Both MSME & NON MSME) Mark-up/Concession in Risk spread in bps
AAA/AA -20
A -10
BBB NIL
BB +10
Below BB +20

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