Interest Rates and Service Charges

Rate of interest for Mid/Large Corporate/ Non-regulatory/SME expanded advances linked to Base Rate w.e.f 12.10.2022

Rating Large and Mid Corporate Advances Non regulatory SME /SME Expanded Advances
CR-1 BR+1.25% BR+1.25%
CR-2 BR+1.80% BR+1.35%
CR-3 BR+3.00% BR+1.85%
CR-4 BR+3.75% BR+2.40%
CR-5 BR+4.75% BR+3.25%
CR-6 & Below BR+7.00% BR+5.70%

The existing tenor based credit risk premium applies only for Base rate linked exposures which is as under:

Period Tenor Premium
Less than 3 years N.A.
3 Yr up to 5 Yr 0.10%
5 Yr up to 7 Yr 0.15%
7 Yr up to 10 Yr 0.20%
Above 10 Yr 1.00%

The tenor linked base rate will apply as per existing terms with the borrowers.

An additional ROI @ 1% to be charged, in respect of all corporate exposures that are unrated externally and have exposure of INR 100 Crores and above from the banking system or rated worse than BBB.

The Strategic premium on various advances will be applicable as it is.

Advances where total exposure is greater than INR 5 Crs or Turnover is greater than INR 25 Crs would be treated as Corporate exposure.

Rate of interest for Mid/Large Corporate/ Non-regulatory/SME expanded advances linked to MCLR

Rating Large and Mid Corporate Advances Non regulatory SME /SME Expanded Advances
CR-1 MCLR + 1.25% MCLR + STRATEGIC PREMIUM + 1.00%
CR-2 MCLR + 1.80% MCLR + STRATEGIC PREMIUM + 1.25%
CR-3 MCLR + 3.00% MCLR + STRATEGIC PREMIUM + 2.45%
CR-4 MCLR + 3.75% MCLR + STRATEGIC PREMIUM + 3.00%
CR-5 MCLR + 4.75% MCLR + STRATEGIC PREMIUM + 3.85%
CR-6 & Below MCLR + 7.00% MCLR + STRATEGIC PREMIUM + 6.25%

These spreads will apply to fresh sanctions and fresh sanctions and renewals of the existing facilities after the due date where the reference rate is MCLR.

Rupee & Foreign currency export credit granted under Export LC (Export Bill discounted post acceptance under LC after earmarking ASL)

Tenor of Bills Rupee Export Credit Foreign Currency Export Credit

Upto 3 months

3 Months T-Bill + 0.75%p.a.

3 Months ARR + 1.00%p.a.

Above 3 and upto 6 months

6 Months T-Bill + 0.75%p.a.

6 Months ARR + 1.00%p.a.

  • Rate of Interest on Various Loans linked with Baroda Repo Linked Lending Rate (BRLLR) & MCLR
  • Rate Of Interest Of New Schemes

Financing Protected Cultivation (Green House/polyhouse Etc.) Projects

Limit Applicable ROI
Limit upto Rs 3.00 lakhs One year MCLR + SP
Limit above Rs 3.00 lakhs and less than Rs 25.00 lakhs One year MCLR + SP + 1.25%

Limit Rs 25 lakhs and above

Limit Applicable ROI
3 years & above and upto 5 years One year MCLR + SP + 2.10%
Above 5 years and upto 7 years One year MCLR + SP + 2.15%
Above 7 years and upto 9 years Five year MCLR + SP + 1.85%

Financing Farmer Producer Companies (FPC)

Limit Applicable ROI(Concession will apply)
Limit above Rs 3.00 lakhs and less than Rs 25.00 lakhs One year MCLR + SP + 1.25%
Limit above Rs 25.00 lakhs As per details given Below
For Loan period less than -3- years One year MCLR+ Strategic premium+2.00%
3 years & above and up to 5 years One year MCLR+ Strategic premium+2.10%
Above 5 years and up to 7 years One year MCLR+ Strategic premium+2.15%
Above 7 years and up to 10 years One year MCLR+ Strategic premium+1.85%

Rate of Interest on Various Loans linked with Baroda Repo Linked Lending Rate (BRLLR) & MCLR

For MSME Loans applicable BRLLR is 9.15 % w.e.f. 14.02.2023 (Current RBI Repo Rate: 6.50%+Mark-Up- 2.65%), S.P. 0.25% (B)


RATE OF INTEREST ON REGULATORY AND NON REGULATORY MSME LOANS

For Limits up to Rs. 25.00 Lacs (Regulatory)

Limits Micro Small Medium
Upto Rs.50000/- BRLLR+ SP BRLLR+ SP+2.00% BRLLR+ SP+2.70%
Above Rs. 50000/- to Rs. 2.00 Lacs BRLLR+ SP+2.00% BRLLR+ SP+2.20% BRLLR+ SP+2.70%
Above Rs. 2.00 Lacs to Rs. 10.00 Lacs BRLLR+ SP+2.20% BRLLR+ SP+2.35% BRLLR+ SP+2.70%
Above Rs. 10.00 Lacs to Rs. 25.00 Lacs BRLLR+ SP+2.35% BRLLR+ SP+2.50% BRLLR+ SP+2.70%

For Limits up to Rs. 25.00 Lacs (Non-Regulatory) MCLR+ SP+2.75%

For limits above Rs.25 Lakhs and up to Rs.5.00 Crs (FB & NFB).
Eligible  Immovable Security Coverage CMR Rating Regulatory MSME Non Regulatory MSME/ SME Expanded
Micro Enterprises Small Enterprises Medium Enterprises
A. 100% and above CMR1 BRLLR+ 0.30% BRLLR+0.35% BRLLR+0.40% MCLR+0.45%
CMR 2 BRLLR+ SP+0.60% BRLLR+ SP+0.65% BRLLR+ SP+0.70% MCLR+ SP+0.75%
CMR3 BRLLR+ SP+0.65% BRLLR+ SP+0.75% BRLLR+ SP+0.85% MCLR+ SP+1.00%
CMR4 BRLLR+ SP+1.00% BRLLR+ SP+1.10% BRLLR+ SP+1.20% MCLR+ SP+1.35%
CMR5 BRLLR+ SP+1.65% BRLLR+ SP+1.80% BRLLR+ SP+1.95% MCLR+ SP+2.20%
CMR6 BRLLR+ SP+2.20% BRLLR+ SP+2.35% BRLLR+ SP+2.50% MCLR+ SP+2.75%
CMR 7 & Below BRLLR+ SP+4.75% BRLLR+ SP+5.00% BRLLR+ SP+5.25% MCLR+ SP+5.25%
Unrated BRLLR+ SP+1.40% BRLLR+ SP+1.50% BRLLR+ SP+1.60% MCLR+ SP+1.75%
B. 85% to less than 100% CMR1 BRLLR+ 0.40% BRLLR+ 0.45% BRLLR+ 0.50% MCLR+ 0.50%
CMR 2 BRLLR+ SP+0.70% BRLLR+ SP+0.75% BRLLR+ SP+0.80% MCLR+ SP+0.85%
CMR3 BRLLR+ SP+0.75% BRLLR+ SP+0.85% BRLLR+ SP+0.95% MCLR+ SP+1.10%
CMR4 BRLLR+ SP+1.15% BRLLR+ SP+1.25% BRLLR+ SP+1.35% MCLR+ SP+1.50%
CMR5 BRLLR+ SP+1.75% BRLLR+ SP+1.90% BRLLR+ SP+2.05% MCLR+ SP+2.30%
CMR6 BRLLR+ SP+2.45% BRLLR+ SP+2.60% BRLLR+ SP+2.75% MCLR+ SP+3.00%
CMR 7 & Below BRLLR+ SP+5.00% BRLLR+ SP+5.25% BRLLR+ SP+5.50% MCLR+ SP+5.75%
Unrated BRLLR+ SP+1.60% BRLLR+ SP+1.70% BRLLR+ SP+1.80% MCLR+ SP+1.75%
C. 70% to less than 85% CMR1 BRLLR+ 0.60% BRLLR+ 0.65% BRLLR+ 0.70% MCLR+ 0.75%
CMR 2 BRLLR+ SP+0.95% BRLLR+ SP+1.00% BRLLR+ SP+1.05% MCLR+ SP+1.10%
CMR3 BRLLR+ SP+1.20% BRLLR+ SP+1.30% BRLLR+ SP+1.40% MCLR+ SP+1.55%
CMR4 BRLLR+ SP+1.85% BRLLR+ SP+1.95% BRLLR+ SP+2.05% MCLR+ SP+2.20%
CMR5 BRLLR+ SP+2.80% BRLLR+ SP+2.95% BRLLR+ SP+3.05% MCLR+ SP+3.20%
CMR6 BRLLR+ SP+3.90% BRLLR+ SP+4.05% BRLLR+ SP+4.20% MCLR+ SP+4.45%
CMR 7 & Below BRLLR+ SP+6.50% BRLLR+SP+6.75% BRLLR+ SP+7.00% MCLR+ SP+7.25%
Unrated BRLLR+ SP+2.30% BRLLR+ SP+2.40% BRLLR+ SP+2.50% MCLR+ SP+2.55%
D. 55% to less than 70% CMR1 BRLLR+ 0.80% BRLLR+ 0.85% BRLLR+ 0.90% MCLR+ 0.95%
CMR 2 BRLLR+ SP+1.20% BRLLR+ SP+1.25% BRLLR+ SP+1.30% MCLR+ SP+1.35%
CMR3 BRLLR+ SP+1.65% BRLLR+ SP+1.75% BRLLR+ SP+1.85% MCLR+ SP+2.00%
CMR4 BRLLR+ SP+2.60% BRLLR+ SP+2.70% BRLLR+ SP+2.80% MCLR+ SP+2.95%
CMR5 BRLLR+ SP+4.00% BRLLR+ SP+4.15% BRLLR+ SP+4.30% MCLR+ SP+4.55%
CMR6 BRLLR+ SP+5.70% BRLLR+ SP+5.85% BRLLR+ SP+6.00% MCLR+ SP+6.25%
CMR 7 & Below BRLLR+ SP+8.25% BRLLR+ SP+8.25% BRLLR+ SP+8.25% MCLR+ SP+8.25%
Unrated BRLLR+ SP+3.00% BRLLR+ SP+3.10% BRLLR+ SP+3.20% MCLR+ SP+3.35%
E. 40% to less than 55% CMR1 BRLLR+ 1.00% BRLLR+ 1.00% BRLLR+ 1.00% MCLR+ 1.05%
CMR 2 BRLLR+ SP+1.45% BRLLR+ SP+1.50% BRLLR+ SP+1.55% MCLR+ SP+1.60%
CMR3 BRLLR+ SP+2.10% BRLLR+ SP+2.20% BRLLR+ SP+2.30% MCLR+ SP+2.45%
CMR4 BRLLR+ SP+3.35% BRLLR+ SP+3.45% BRLLR+ SP+3.55% MCLR+ SP+3.70%
CMR5 BRLLR+ SP+5.15% BRLLR+ SP+5.30% BRLLR+ SP+5.45% MCLR+ SP+5.70%
CMR6 BRLLR+ SP+7.45% BRLLR+ SP+7.45% BRLLR+ SP+7.45% MCLR+ SP+7.45%
CMR 7 & Below BRLLR+ SP+8.25% BRLLR+ SP+8.25% BRLLR+ SP+8.25% MCLR+ SP+8.25%
Unrated BRLLR+ SP+3.70% BRLLR+ SP+3.80% BRLLR+ SP+3.90% MCLR+ SP+4.05%
F. 30% to less than 40% CMR1 BRLLR+ 1.20% BRLLR+ 1.25% BRLLR+ 1.30% MCLR+ 1.35%
CMR 2 BRLLR+ SP+1.70% BRLLR+ SP+1.75% BRLLR+ SP+1.80% MCLR+ SP+1.85%
CMR3 BRLLR+ SP+2.45% BRLLR+ SP+2.55% BRLLR+ SP+2.65% MCLR+ SP+2.80%
CMR4 BRLLR+ SP+3.95% BRLLR+ SP+4.05% BRLLR+ SP+4.15% MCLR+ SP+4.30%
CMR5 BRLLR+ SP+6.15% BRLLR+ SP+6.30% BRLLR+ SP+6.45% MCLR+ SP+6.70%
CMR6 BRLLR+ SP+7.45% BRLLR+ SP+7.45% BRLLR+ SP+7.45% MCLR+ SP+7.45%
CMR 7 & Below BRLLR+ SP+8.25% BRLLR+ SP+8.25% BRLLR+ SP+8.25% MCLR+ SP+8.25%
Unrated BRLLR+ SP+4.30% BRLLR+ SP+4.40% BRLLR+ SP+4.50% MCLR+ SP+4.65%
G. Less than 30% CMR1 BRLLR+ 1.65% BRLLR+ 1.70% BRLLR+ 1.75% MCLR+ 1.80%
CMR 2 BRLLR+ SP+2.30% BRLLR+ SP+2.35% BRLLR+ SP+2.40% MCLR+ SP+2.45%
CMR3 BRLLR+ SP+3.50% BRLLR+ SP+3.60% BRLLR+ SP+3.70% MCLR+ SP+3.85%
CMR4 BRLLR+ SP+5.65% BRLLR+ SP+5.75% BRLLR+ SP+5.85% MCLR+ SP+6.00%
CMR5 BRLLR+ SP+7.25% BRLLR+ SP+7.25% BRLLR+ SP+7.25% MCLR+ SP+7.25%
CMR6 BRLLR+ SP+7.45% BRLLR+ SP+7.45% BRLLR+ SP+7.45% MCLR+ SP+7.45%
CMR 7 & Below BRLLR+ SP+8.25% BRLLR+ SP+8.25% BRLLR+ SP+8.25% MCLR+ SP+8.25%
Unrated BRLLR+ SP+5.90% BRLLR+ SP+6.00% BRLLR+ SP+6.10% MCLR+ SP+6.25%

For limits above Rs. 5.00 crores(FB & NFB)
Internal Rating Regulatory MSME
( Micro, Small & Medium)*		 Non-Regulatory MSME
CR1 BRLLR+ SP+0.50% MCLR +SP+1.00%
CR2 BRLLR+ SP+1.00% MCLR +SP+1.25%
CR3 BRLLR+ SP+1.25% MCLR +SP+2.75%
CR4 BRLLR+ SP+2.00% MCLR +SP+3.50%
CR5 BRLLR+ SP+3.00% MCLR +SP+4.50%
CR6 & Below BRLLR+ SP+6.00% MCLR +SP+7.00%

For Export Credit

Particulars Credit Rating Micro & Small Enterprises w.e.f.01.10.2019 Medium Enterprises w.e.f. 01.04.2020 SME Expanded w.e.f. 20.01.2020
Pre-Shipment Credit
  1. Packing credit up to 270 days.
  2. Against Incentives received from government (covered by ECGC upto 90 days)
 CR 1 to CR 3 OR CMR 1 tO CMR 3 BRLLR + SP+ 0.50% BRLLR + SP+ 0.50% MCLR (Tenor Based) +SP+0.50%
CR 4 to CR 6 OR CMR 4 to CMR 6 BRLLR + SP+ 0.75% BRLLR + SP+ 0.75% MCLR (Tenor Based)
+SP+ 0.90%
CR 7 to CR 10 Or CMR 7 to CMR 10 BRLLR + SP+ 1.50% BRLLR + SP+ 1.50% MCLR (Tenor Based) +SP+ 1.50%
Post Shipment Credit
  1. On Demand bills for transit period ( As specified by FEDAI)
  2. Against usance bills up to notional due date or actual due date whichever is earlier.

2a. Upto 180 days from the date of advance.

  1. Against incentives receivable from Govt. (Covered by ECGC guarantee) up to 90 days.
  2. Against undrawn balance ( up to 90 days)
  3. Against retention money ( for supplies portion only payable within one year from the date of shipment (upto 90 days))
 CR 1 to CR 3 OR CMR 1 TO CMR 3 BRLLR + SP+ 0.40% BRLLR + SP+ 0.40% MCLR (Tenor Based) +SP+
0.40%
CR 4 to CR 6 OR CMR 4 to CMR 6 BRLLR + SP+ 0.65% BRLLR + SP+ 0.65% MCLR (Tenor Based) +SP+
0.80%
CR 7 to CR 10 Or CMR 7 to CMR 10 BRLLR + SP+ 1.40% BRLLR + SP+ 1.40% MCLR (Tenor Based) +SP+
1.40%

EXPORT CREDIT NOT OTHERWISE SPECIFIED (ECNOS)

Pre-shipment BRLLR + SP+ 5.85%

Post Shipment BRLLR + SP+ 5.85%

Financing Protected Cultivation (Green House/polyhouse Etc.) Projects

Limit Applicable ROI
Limit upto Rs 3.00 lakhs One year MCLR + SP
Limit above Rs 3.00 lakhs and less than Rs 25.00 lakhs One year MCLR + SP + 1.25%

Limit Rs 25 lakhs and above


Limit Applicable ROI
3 years & above and upto 5 years One year MCLR + SP + 2.10%
Above 5 years and upto 7 years One year MCLR + SP + 2.15%
Above 7 years and upto 9 years Five year MCLR + SP + 1.85%

Financing Farmer Producer Companies (FPC)

Limit Applicable ROI(Concession will apply)
Limit above Rs 3.00 lakhs and less than Rs 25.00 lakhs One year MCLR + SP + 1.25%
Limit above Rs 25.00 lakhs As per details given Below
For Loan period less than -3- years One year MCLR+ Strategic premium+2.00%
3 years & above and up to 5 years One year MCLR+ Strategic premium+2.10%
Above 5 years and up to 7 years One year MCLR+ Strategic premium+2.15%
Above 7 years and up to 10 years One year MCLR+ Strategic premium+1.85%

Financing Protected Cultivation (Green House/polyhouse Etc.) Projects

Limit Applicable ROI
Limit upto Rs 3.00 lakhs One year MCLR + SP
Limit above Rs 3.00 lakhs and less than Rs 25.00 lakhs One year MCLR + SP + 1.25%

Limit Rs 25 lakhs and above

Limit Applicable ROI
3 years & above and upto 5 years One year MCLR + SP + 2.10%
Above 5 years and upto 7 years One year MCLR + SP + 2.15%
Above 7 years and upto 9 years Five year MCLR + SP + 1.85%

Financing Farmer Producer Companies (FPC)

Limit Applicable ROI(Concession will apply)
Limit above Rs 3.00 lakhs and less than Rs 25.00 lakhs One year MCLR + SP + 1.25%
Limit above Rs 25.00 lakhs As per details given Below
For Loan period less than -3- years One year MCLR+ Strategic premium+2.00%
3 years & above and up to 5 years One year MCLR+ Strategic premium+2.10%
Above 5 years and up to 7 years One year MCLR+ Strategic premium+2.15%
Above 7 years and up to 10 years One year MCLR+ Strategic premium+1.85%
Export credit in INR (w.e.f 01.10.2019/20.01.2020)
PARTICULARS CREDIT RATING ROI for Small and Micro entp.W.E.F 01.10.2019 ROI for Medium, SME Expanded and Corporate customers.
W.E.F 20.01.2020
PRESHIPMENT CREDIT
  • Packing credit up to 270 days
  • Against Incentives received from Government (covered by ECGC up to 90 days)
CR 1 TO CR 3
OR
CMR 1 TO CMR 3 		BRLLR + SP + 0.50 % MCLR  (Tenor based) + SP+ 0.50 %
CR 4 TO CR 6
OR
CMR 4 TO CMR 6 		BRLLR + SP + 0.75 % MCLR  (Tenor based) + SP+ 0.90 %
CR 7 TO CR 10
OR
CMR 7 TO CMR 10 		BRLLR + SP + 1.50 % MCLR  (Tenor based) + SP+ 1.50 %
POST SHIPMENT CREDIT
  • On demand bills for transit period  (As specified by FEDAI)
  •  Against usance bills up to notional due date or actual due date whichever is earlier
2a.   Up to 180 days      
from the date of
advance
  •  Against incentives receivable from Govt. (covered by ECGC guarantee) up to 90 days
  • Against undrawn balance (up to 90 days)
  • Against retention money ( for supplies portion only payable within one year from the date of shipment( up to 90 days) 
CR 1 TO CR 3
OR
CMR 1 TO CMR 3 		BRLLR + SP + 0.40 % MCLR  (Tenor based) + SP+ 0.40 %
CR 4 TO CR 6
OR
CMR 4 TO CMR 6   		BRLLR + SP + 0.65 % MCLR  (Tenor based) + SP+ 0.80 %
CR 7 TO CR 10
OR
CMR 7 TO CMR 10 		BRLLR + SP + 1.40 % MCLR  (Tenor based) + SP+ 1.40 %
EXPORT CREDIT NOT OTHERWISE SPECIFIED (ECNOS)
Pre-shipment BRLLR + SP + 5.85 % 1 YEAR MCLR + SP + 5.90 %
Post- shipment BRLLR + SP + 5.85 % 1 YEAR MCLR + SP + 5.90 %
EXPORT CREDIT FOR GOLD CARD HOLDERS IN INR (w.e.f 20.01.2020/01.04.2020)
Category of Export Credit Rating ROI for Micro Small and Medium customers W.E.F 01.10.2019 (Micro and Small) and 01.04.2020 (Medium) ROI for SME Expanded and Corporate customers. W.E.F 20.01.2020
A. Gold Card- Pre-shipment credit
Up to 270 days CR 1 TO CR 3
OR
CMR 1 TO CMR 3 		BRLLR + SP + 0.25 % MCLR  (Tenor based) + SP+ 0.25 %
CR 4 TO CR 6
OR
CMR 4 TO CMR 6 		BRLLR + SP + 0.50% MCLR  (Tenor based) + SP+ 0.65 %
CR 7 TO CR 10
OR
CMR 7 TO CMR 10 		Not eligible Not eligible
B. Gold Card-Post-shipment credit
Up to 365 days from the date of advance CR 1 TO CR 3
OR
CMR 1 TO CMR 3 		BRLLR + SP + 0.15 % MCLR  (Tenor based) + SP+ 0.15 %
CR 4 TO CR 6
OR
CMR 4 TO CMR 6 		BRLLR + SP + 0.40 % MCLR  (Tenor based) + SP+ 0.55 %
CR 7 TO CR 10
OR
CMR 7 TO CMR 10 		Not eligible Not eligible
Export Credit in Foreign Currency for BBB & below and unrated customers:
Rating of the customer For EUR & JPY till Migration to ARR USD Proposed Spread GBP Proposed Spread
3M 6M 3M 6M
CR-1/CMR-1 1.00 1.26 1.43 1.12 1.28
CR-2/CMR-2 1.00 1.26 1.43 1.12 1.28
CR-3/CMR-3 1.25 1.51 1.68 1.37 1.53
CR-4/CMR-4 1.50 1.76 1.93 1.62 1.78
CR-5 & CR-6/
CMR-5 & CMR - 6 		1.75 2.01 2.18 1.87 2.03
ROI Applicable on FCNR B Loans (FCTL/FCDL)
Spread over Tenor Based ARR/Libor
Internal Rating For Currencies not Migrated to ARR (EUR/JPY) Proposed Spread for USD Proposed Spread for GBP
3M 6M 12M 3M 6M 12M 3M 6M 12M
CR1 - CMR-1 1.75 1.50 1.25 2.01 1.93 1.97 1.87 1.78 1.71
CR2 - CMR-2 2.00 1.75 1.50 2.26 2.18 2.22 2.12 2.03 1.96
CR3 - CMR-3 2.25 2.00 1.75 2.51 2.43 2.47 2.37 2.28 2.21
CR4 - CMR-4 3.75 3.50 3.00 4.01 3.93 3.72 3.87 3.78 3.46
CR5 & CR6 / CMR-5 & CMR-6 5.25 5.00 4.75 5.51 5.43 5.47 5.37 5.28 5.21

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