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    Int Rate

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    j krishnan
    - The document outlines proposed interest rate revisions for various loan categories for MSMEs and non-MSMEs, with effect from December 21, 2017. - Rates are proposed to be reduced for most categories and now linked to the Prime Lending Rate of 12.70%. - Categories include general loans up to Rs. 2 lakhs, assisted vs. non-assisted existing clients, external credit ratings tiers, and various special schemes.

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    Int Rate

    Uploaded by

    j krishnan
    16 views2 pages
    - The document outlines proposed interest rate revisions for various loan categories for MSMEs and non-MSMEs, with effect from December 21, 2017. - Rates are proposed to be reduced for most categories and now linked to the Prime Lending Rate of 12.70%. - Categories include general loans up to Rs. 2 lakhs, assisted vs. non-assisted existing clients, external credit ratings tiers, and various special schemes.

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    - The document outlines proposed interest rate revisions for various loan categories for MSMEs and non-MSMEs, with effect from December 21, 2017. - Rates are proposed to be reduced for most categories and now linked to the Prime Lending Rate of 12.70%. - Categories include general loans up to Rs. 2 lakhs, assisted vs. non-assisted existing clients, external credit ratings tiers, and various special schemes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    16 views2 pages

    Int Rate

    Uploaded by

    j krishnan
    - The document outlines proposed interest rate revisions for various loan categories for MSMEs and non-MSMEs, with effect from December 21, 2017. - Rates are proposed to be reduced for most categories and now linked to the Prime Lending Rate of 12.70%. - Categories include general loans up to Rs. 2 lakhs, assisted vs. non-assisted existing clients, external credit ratings tiers, and various special schemes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Interest revision for all loans with Reset Clauses / New Cases (with effect

    from 21.12.2017)

    PLR (Prime Lending Rate) : 12.70%


    I. MICRO, SMALL AND MEDIUM ENTERPRISES (MSME) CATEGORY:
    Existing Proposed
    Interest Rate
    rate Category Rate
    Structure
    (in %) (in %)
    GENERAL SCHEME:

    12.95 A. Loans upto Rs.2.00 lakhs (including


    PLR 12.70
    Transport loans)

    B. Loans above Rs.2.00 lakhs

    a) Existing assisted clients (including


    Transport) continuously in standard
    12.95 category for 3 years at the time of PLR
    12.70
    sanction, OTL etc.
    b) Units with External Credit Rating -
    Highest Rating
    c) Existing non- assisted units with good
    track record for three completed years at
    13.20 PLR + 0.25% 12.95
    the time of sanction
    d) Units with External Credit Rating - High
    Rating
    e) New MSME & Transport Sector including PLR + 0.25%
    NEEDS (revised from PLR 12.95
    13.70
    f) Units with External Credit Rating – other + 0.75%)
    than highest and high Credit Ratings

    OTHER CATEGORIES / SCHEMES:

    Micro, Small, Enterprises Funding (MSEF)


    Scheme
    13.95 a. Drawee Bill Scheme PLR + 1.00% 13.70

    Clean Term Loan scheme


    Entrepreneur Development Scheme (EDS)
    14.20 b. PLR + 1.25% 13.95
    Grow an Entrepreneur Scheme (GES)
    Existing Proposed
    Interest Rate
    rate Category Rate
    Structure
    (in %) (in %)
    Term Loan to service sector viz., Shopping
    Complex, Community Hall, Kalyana
    Mandapam etc.
    Term Loan for replacement of high cost loan
    Corporate Loan Scheme PLR + 1.25%
    14.45 c. (revised from PLR 13.95
    Contractors Credit Scheme + 1.50% now)
    Loans to Hospitals, Doctors and Nursing
    Home, purchase of land and construction of
    building (Old cases other than My Doctor,
    Doctor Plus Schemes)
    PLR + 1.00%
    14.45 d. Bill Finance Scheme (revised from PLR 13.70
    + 1.50% now)
    My Doctor, Doctor Plus
    13.20 a. New Clients PLR 12.70
    (revised from PLR
    e.
    + 0.25% now)

    12.95 a. Existing Clients PLR 12.70


    WIND MILLS / SOLAR PROJECTS
    13.20 f. a. New Clients PLR + 0.25% 12.95
    12.95 b. Prompt /Standard for the last 3 years. PLR 12.70
    13.70 g. Working Capital Term Loan & Single PLR + 0.50% 13.20
    Window Scheme Loans (revised from PLR
    + 0.75%)
    For purchase of medical equipments (Old
    13.45 h. cases other than My Doctor, Doctor Plus PLR + 0.50% 13.20
    Schemes)

    II. NON-MSME CATEGORY:

    13.20 1. Existing Clients in Standard category PLR 12.70


    continuously for 3 years at the time of (revised from PLR
    sanction + 0.25% now)
    13.20 2. Existing non-assisted units with good track PLR + 0.25% 12.95
    record for 3 completed years.
    13.95 3. New Non-MSME Term Loan PLR + 0.75% 13.45
    (revised from PLR
    + 1.00%)

    Note: In respect of JICA Line of Credit, existing rates of interest will continue.

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