|
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 :
|
|
Rating Model |
Spread % over BPLR |
Revised w.e.f.
01.04.2009 |
|
Prime |
LC 1 to LC2 |
Nil |
12.00% |
|
AAA |
LC 1 to LC2 |
1.00 |
13.00% |
|
AA |
LC 3 to LC 4 |
2.00 |
14.00% |
|
A |
LC 5 & LC 6 |
3.25 |
15.25% |
|
B & others |
LC 7 to LC 10 |
3.50 |
15.50% |
|
Large / Mid Corporate Credit
Commercial Advances w.e.f. 01.04.2009 . |
|
|
Limits upto Rs.2 lakhs |
Existing |
Revised |
| On working capital/short term loans/term loans (3 years and above) : |
12.50% |
12.00.% |
| (At a rate not exceeding BPLR 12.00%) |
|
|
|
|
II. Limits above Rs.2 lakhs and upto Rs.10 lakhs |
|
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 :- |
|
Rating Model |
Spread |
Rate of Interest (%) p.a. |
|
Working Capital including WCDL & Short Term Loans
(less than 3 years) |
Term Loans of
3 yrs & above granted |
|
Prior to
1.10.2000 * |
On or after
1.10.2000 |
|
Exist. |
Rev. |
Exist. |
Rev. |
Exist. |
Rev. |
|
Prime |
LC 1 to LC2 |
-- |
12.50 |
12.00 |
12.50 |
12.00 |
12.50 |
12.00 |
|
AAA |
LC 1 to LC2 |
1.00 |
13.50 |
13.00 |
13.65 |
13.15 |
13.50 |
13.00 |
|
AA |
LC 3 to LC 4 |
2.00 |
14.50 |
14.00 |
14.80 |
14.30 |
14.50 |
14.00 |
|
A |
LC 5 & LC 6 |
3.25 |
15.75 |
15.25 |
16.00 |
15.50 |
15.75 |
15.25 |
|
B and
Others |
LC 7 to LC 10 |
3.50 |
16.00 |
15.50 |
16.00 |
15.50 |
16.00 |
15.50 |
|
*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%.
|
|
IV.Discounting of Future Cash Flows/Lease Rentals :
(Ref. Br.Cir. No.97/100 dated 16.10.2003)
|
| |
Existing |
Revised |
|
Landlords having lease agreements with MNCs/PSUs/Banks – Public Sector, Private Sector, Foreign Banks, Top rated Corporates |
BPLR i.e.
12.50% |
BPLR i.e.
12.00% |
|
b) Others - BPLR + 1% |
13.50% |
13.00% |
|
|
V.Trade Finance (For select customers/transactions)
|
|
|
|
Card Rate |
|
i. |
Bills backed by LCs of Banks within the exposure limit given by Risk Mgmt Dept, HO |
Existing |
Revised |
|
|
|
|
|
|
10.50% |
9.00% |
|
|
|
11.00% |
9.50% |
|
ii. |
Bills drawn by customers whose rating is “AAA” |
|
|
| |
|
12.25% |
11.75% |
| |
|
12.75% |
12.25% |
|
iii |
Customers with risk rating “AA” and above for bills drawn on corporates and PSUs (Br. Cir. Nos.98/157 dated 01/11.2004) |
|
|
|
|
|
12.50% |
12.00% |
|
|
|
13.00% |
12.50% |
|
|
|