Base Rate

Base Rate


Small & medium enterprises strategic business unit

All the interest rates are linked to Base Rate (floating) which is 9.70% w.e.f. 05.10.2015. Please note that irrespective of the category of the borrower (i.e. micro, small, medium and others) the rate of interest will be as per the limit proposed and credit rating assigned. The applicable rating models are:

Sr No Limits (Rs.) Applicable rating Model
Presently in force
From To
1 1 < 10 Lakh No rating
2 10 Lakh < 5 Crore SBS
3 5 Crore <30 Crore MS
4 30 Crore and above   HLC

Please also note importantly that ‘Tenor Premium’ is to be added to the interest rates for all term loans with limits of above Rs.10 lakhs with repayment period exceeding 1 year (door to door).

Regulatory MSME ( As per MSMED Act 2006) will include the followings:

Category of Amount of Original Investment
Enterprise Investment in Plant & Machinery in case of units
engaged in Manufacturing /
preservation of goods
(including Processing Units)
Investment in Equipment in case of units engaged in providing /rendering services
Micro Enterprise Not to exceed Rs.25 Lakh Not to exceed Rs.10 Lakh
Small Enterprise More than Rs.25 Lakh but not  exceeding Rs.5 Crores More than Rs.10 Lakh but not  exceeding Rs.2 Crore
Medium Enterprise More than Rs.5 Crore but not  exceeding Rs.10 Crores More than Rs.2 Crore but not  exceeding Rs.5 Crore