Rate of Interest applicable for MSMEs advances, along with applicable concessions are as under:
Funded Exposure up to Rs 25 lakh:
| Quantum | Spread |
|---|---|
| Upto Rs.50000/- | MCLR + 1.75 % |
| Above Rs.50000/- up to Rs.5 lakh | MCLR + 2.00 % |
| Above Rs.5 lakh up to Rs.25 lakh | MCLR + 2.25 % |
Funded Exposure above Rs 25 lakh:
| Credit Rating | Spread |
|---|---|
| 1 | MCLR + 2.25 % |
| 2 | MCLR + 2.25 % |
| 3 | MCLR + 2.75 % |
| 4 | MCLR + 3.25 % |
| 5 | MCLR + 3.75 % |
| 6 | MCLR + 4.00 % |
| 7 | MCLR + 4.25 % |
Additional Concessions:
- Concession of 1% in ROI if collateral is 100% in all cases.
- Concession of 0.25% in ROI if credit rating is 1 to 4 by SMERA, ICRA, ONICRA or CRISIL.
- Concession of 0.25% if account is classified under Priority Sector Advances.
- Concession of 1% for ODP/LAP/ Advances against Rent Receivable cases, where margin available is 50% and above by way of property (i.e. 200% and above coverage), under Priority Sector (including MSME if covered under Priority sector) is permitted. The maximum concession in this case should not exceed 1.25%.
Processing / Reviewal Charges
| Credit Facility | Processing Fee (Rs.) (plus applicable GST) |
|---|---|
| 1. Fund based limit/ loan up to Rs. 25000/- | NIL |
| 2. Fund based limit/loan above Rs. 25000/- and upto Rs.2 lakh (including Real Estate Sector) | Rs. 400/- |
| 3. Exposure above Rs.2 lakh other than to Real Estate Sector a) W.C. – Funded/Non-funded b). Term Loans above Rs.2 lakh |
0.50% with minimum of Rs.500 with no cap, at the time of sanction/renewal 1.00% (New Borrower) 0.75%(5 yr. Old Borrower) 0.50%(20 yr old Borrower) (0.05% without any cap for every reviewal for Term Loan above Rs.10 lakh) |
| 4. E xposure above Rs.2 lakh to Real Estate Sector a).W.C. funded/ non-funded above Rs.2 lakh and upto Rs. 50 lakh b).W.C. funded/ non-funded above Rs.50 lakh. c) Term Loans above Rs.2 lakh | Rs. 500/- per lakh or part thereof with no cap 1.0% with no cap and 50% of applicable charges on renewal every year 1.00% (New Borrower) 0.75% (5 yr. Old Borrower) 0.50% (20 yr old Borrower) (0.05% without any cap for every reviewal for Term Loan above Rs.10 lakh) |
| 5. Consortium/ Multiple Banking Arrangement | In case of consortium accounts, 0.25% fee to be charged. If other banks are charging higher fee, same is to be charged by our Bank. |
