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Rates of Interest on Advances
Revision in BPLR w.e.f. 01.04.2009
BANKS PRIME LENDING RATE W.E.F.01.04.2009 : 12.00%
For advances exceeding Rs.10 lacs in Large and Mid
Corporate – SBUs which will be effective from 01.04.2009 are as under :
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Rating Model
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Spread % over BPLR
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Revised w.e.f.
01.04.2009
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Prime
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LC 1 to LC2
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Nil
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12.00%
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AAA
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LC 1 to LC2
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1.00
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13.00%
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AA
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LC 3 to LC 4
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2.00
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14.00%
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A
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LC 5 & LC 6
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3.25
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15.25%
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B & others
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LC 7 to LC 10
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3.50
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15.50%
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Large / Mid Corporate Credit
Commercial Advances w.e.f. 01.04.2009 .
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Limits upto Rs.2 lakhs
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Existing
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Revised
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| On working capital/short term loans/term loans (3 years and above) : |
12.50%
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12.00.%
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| (At a rate not exceeding BPLR 12.00%) |
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II. Limits above Rs.2 lakhs and upto Rs.10 lakhs
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The rates prescribed by respective SBU to be followed.
| In case of advances which are not covered under any other SBUs but falling under C&IC Sector, rate to be quoted is |
1% over BPLR i.e. presently 13.00%. |
In case of various other loans, the rates given in following pages may be followed.
III. Limits above Rs.10 lakhs (linked to Credit Rating of the borrower) :
Interest rates applicable to commercial advances for limits above Rs.10 lakhs for (i) working capital including WCDL facilities and Short Term loans and (ii) Term Loans of 3 years and above are given below :-
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Rating Model
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Spread
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Rate of Interest (%) p.a.
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Working Capital including WCDL & Short Term Loans
(less than 3 years)
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Term Loans of
3 yrs & above granted
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Prior to
1.10.2000 *
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On or after
1.10.2000
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Exist.
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Rev.
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Exist.
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Rev.
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Exist.
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Rev.
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Prime
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LC 1 to LC2
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--
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12.50
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12.00
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12.50
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12.00
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12.50
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12.00
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AAA
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LC 1 to LC2
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1.00
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13.50
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13.00
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13.65
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13.15
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13.50
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13.00
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AA
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LC 3 to LC 4
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2.00
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14.50
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14.00
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14.80
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14.30
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14.50
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14.00
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A
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LC 5 & LC 6
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3.25
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15.75
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15.25
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16.00
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15.50
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15.75
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15.25
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B and
Others
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LC 7 to LC 10
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3.50
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16.00
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15.50
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16.00
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15.50
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16.00
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15.50
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*Term loans of 3 years and above granted prior to 1.10.2000 would attract the same spreads over BPLR as contracted i.e. 1.15%, 2.30% and 3.50%.
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IV.Discounting of Future Cash Flows/Lease Rentals :
(Ref. Br.Cir. No.97/100 dated 16.10.2003)
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Existing
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Revised
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Landlords having lease agreements with MNCs/PSUs/Banks – Public Sector, Private Sector, Foreign Banks, Top rated Corporates
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BPLR i.e.
12.50%
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BPLR i.e.
12.00%
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b) Others - BPLR + 1%
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13.50%
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13.00%
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V.Trade Finance (For select customers/transactions)
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Card Rate
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i.
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Bills backed by LCs of Banks within the exposure limit given by Risk Mgmt Dept, HO
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Existing
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Revised |
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10.50%
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9.00% |
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11.00%
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9.50% |
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ii.
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Bills drawn by customers whose rating is “AAA”
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12.25%
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11.75%
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12.75%
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12.25%
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iii
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Customers with risk rating “AA” and above for bills drawn on corporates and PSUs (Br. Cir. Nos.98/157 dated 01/11.2004)
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12.50%
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12.00%
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13.00%
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12.50%
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