Rate of Interest on Advances: Revision in BANKS PRIME LENDING RATE (BPLR) W.E.F. 28.07.2011 to 15%p.a.
for advances Rs.10 lacs and above in Large and Mid Corporate – which will be effective from 28.07.2011 are as under:
|
| Rating Model |
Spread % over BPLR |
Revised w.e.f.
28.07.2011 |
| - |
|
Nil |
15.00% |
| SBS 1-3 |
MS 1 to MS 2 |
1.00 |
16.00% |
| SBS 4-6 |
MS 3 to MS 4 |
2.00 |
17.00% |
| SBS 7 |
MS 5 & MS 6 |
3.25 |
18.25% |
| SBS 8-10 |
MS 7 to MS10 |
3.50 |
18.50% |
|
|
Large / Mid Corporate Credit
Commercial Advances w.e.f. 28.07.2010. .
|
|
| Limits upto Rs.2 lakhs |
Existing |
Revised |
| On working capital/short term loans/term loans
(1 year and above)
: |
14.25% |
15.00% |
| (At a rate not exceeding BPLR i.e. 13.75%) |
|
|
|
| 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 1% over BPLR i.e.
SBUs but falling under C&IC Sector, rate to be quoted is presently 16.00%.
In case of various other loans, the rates given in following pages may be followed.
|
| III. Limits Rs.10 lakhs and above (linked to Credit Rating of the borrower) : |
Interest rates applicable to commercial advances for limits Rs.10 lakhs and above for (i) working capital including WCDL facilities and Short Term loans upto 1 year and (ii) Term Loans above 1 year are given below :-
|
|
Rating Model |
Spread |
Rate of Interest (%) p.a. |
|
Working Capital including WCDL & Short Term Loans (less than 1 year) |
Term Loans
above 1 year |
|
Prior to
01.10.2000 * |
On or after
01.10.2000 |
|
Exist. |
Rev. |
Exist. |
Rev. |
Exist. |
Rev. |
- |
Prime |
-- |
14.25 |
15.00 |
14.25 |
15.00 |
14.25 |
15.00 |
SBS1-3 |
MS1 to MS2 |
1.00 |
15.25 |
16.00 |
15.40 |
16.00 |
15.25 |
16.00 |
SBS4-6 |
MS3 to MS4 |
2.00 |
16.25 |
17.00 |
16.55 |
17.00 |
16.25 |
17.00 |
SBS 7 |
MS5 & MS6 |
3.25 |
17.50 |
18.25 |
17.75 |
18.25 |
17.50 |
18.25 |
SBS 8-10 |
MS7 to MS10 |
3.50 |
17.75 |
18.50 |
17.75 |
18.50 |
17.75 |
18.50 |
|
|
* Term loans (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 |
| a) Landlords having lease agreements with MNCs/PSUs/Banks – Public Sector, Private Sector, Foreign Banks, Top rated Corporates |
BPLR i.e.
14.25%
|
BPLR i.e.
15.00%
|
| b) Others - BPLR + 1% |
15.25% |
16.00% |
|
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 |
| Less than 10crores |
10 crores and above |
Less than 10crores |
10 crores and above |
| |
|
10.50 |
10.25 |
11.25 |
11.00 |
| |
|
10.75 |
10.50 |
11.50 |
11.25 |
| ii. |
Bills drawn by customers whose rating is LC1 to LC2/SBS 1-3 |
|
|
| |
|
14.00% |
14.75% |
| |
|
14.50% |
15.25% |
| iii |
Customers with risk rating LC3 to LC4/SBS 4-6 and above for bills drawn on corporates and PSUs
(Br. Cir. Nos.98/157 dated 01/11.2004)
|
|
|
| |
|
14.25% |
15.00% |
| |
|
14.75% |
15.50% |
|
|