i) Revised Rate of Interest structure for MSE advances w.e.f : a. Advances to Micro & Small Enterprises covered under CGTMSE

Transcription

1 Interest Rates linked to Base Rate: 1. Micro and Small Enterprises (MSE): i) Revised structure for MSE advances w.e.f : a. Advances to Micro & Small Enterprises covered under CGTMSE Category Rate of interest Limits up to Rs (new sanctions w e f under MSE Including MUDRA Loan ) Base Rate (9.70%) (w.e.f ) Limits above Rs and up-to Rs % For loans above Rs interest rate will be governed as per Risk Based Pricing Framework. In respect of advances having total limits above Rs s, Credit Rating will have to be done as per extant guidelines. RoI will not be linked to Credit Rating for advances to MSE having total limits upto Rs s and covered under CGTMSE. However, Credit Risk Rating (CRR) will continue to be done for risk perception in respect of advances having total limits above Rs.2.00 and upto to Rs b. Advances to Micro & Small Enterprises NOT covered under CGTMSE Category Limits up to Rs (new sanctions w e f under MSE Including MUDRA Loan ) Limits above Rs and above Rate of interest Base Rate(9.70%)(w.e.f ) As per Risk Based Pricing Framework a. c. Advances to Micro and Small Enterprises having limits (Fund + Non fund) more than Rs upto Rs as per internal rating: Revised Rate of interest (w.e.f ): Internal Rating Rate of interest for more than Rs to Rs (including loans above Rs to Rs not eligible to be covered under CGTMSE) Rate of interest for More than Rs.100 & upto Rs.500 AAA 1.75% 1.75% AA 2.25% 2.25% A 3.00% 3.25% BBB 3.50% 3.75%

2 BB 4.25% 4.50% B & C 5.00% 5.25% (ii) Advances to Micro and Small Enterprises having limits (Fund + Non fund) above Rs and below Rs as per external rating: Revise Rate of interest (w.e.f ) External Rating Rate of interest AAA 1.00% AA 1.75% A 2.25% BBB 2.50% BB 3.50% B, C & D 4.50% Unrated 3.50% In addition to the above, to incentives and attract better asset quality of Priority lending, the additional discount/reduction in rate of interest based on percentage of Collateral security offered by the borrowing MSE unit as under Percentage collateral security offered Discount / reduction in rate of interest More than 50% to 75% 0.25% More than 75% to 100% 0.50% More than 100% 0.75% i) Scheme for Financing to Trade, Service & MSE (loan against property): loan against security of Property /NSC/KVP/ Bank TDR/ Other paper security Loan under Priority Sector 3.25% Loan under Non-Priority Sector 4.00% ii) Special scheme for financing Doctors, Chartered Accountants, Engineers and Architects: Loan amount Loan upto Rs % Loan above Rs. 100 and upto Rs % Loan above Rs. 200 and upto Rs %

3 iii) Special scheme for financing Transport Operators (Mahabank Transport operator Loan scheme.) Loan amount ( For New Vehicle) Loan upto Rs % Loan above Rs. 25 and upto Rs % Loan above Rs. 100 and upto Rs % v) Only for existing accounts Loan amount ( For old Vehicle) Loan upto Rs % Loan above Rs. 25 and upto Rs % Loan above Rs. 100 and upto Rs % 2. RETAIL LOAN: i. Housing Loan: The housing loan accounts sanctioned prior to under the regular Housing Loan Scheme and housing loans other than those falling under the scope of MAHA SUPER Housing loan scheme. Tenor/ Amount Up to and inclusive of 5 years Up to Rs Base Rate Above Rs & up to Rs Base Rate Floating Option Above Rs & less than Rs % Rs & above 0.75% Above 5 years and up to and inclusive of 10 years 0.20% 0.25% 1.00% 1.25% Above 10 years but below & inclusive of 20 years 0.30% 0.50% 1.25% 1.50%

4 Maha Super Housing Loan Scheme: For construction / acquiring of new or existing house/flat and extension of existing house/flat Amount/ Tenor For Deduction up to 60% For deduction above 60% & up to 65% Repayment up to 30 Repayment up to 30 years years Rate of Interest w.e.f (Floating) Up to Base Rate 0.25 Rs Above Base Rate 0.25 Rs to Above Interest will be charged on daily basis with Monthly Rests. Maximum 36 months Moratorium period is allowed, however interest may be capitalized for a maximum period of 18 months. Interest to be serviced as and when applied. Interest capitalization request may be considered by maintaining the necessary margin and in no case the LTV should be more than 80% for loans above Rs.20.00s. Maha Super Housing Loan Scheme: Purchase of Plot & construction thereon: Amount/ Tenor For Deduction up to 60% Repayment up to 30 years For deduction above 60% & up to 65% Repayment up to 30 years Rate of Interest w.e.f (Floating) Up to Rs Above Rs to Above 300 Base Rate 0.25 Base Rate In case of purchase of plot, interest rate will be charged at 2.00% over and above the regular ROI applicable for the Housing Loan.

5 Customer will be refunded with 50% (half of 2.00%) of the above interest charged in case the construction of the house on the plot thereon is completed within the stipulated period of 3 years on submission of completion certificate. After submission of completion certificate normal rate of interest will be applicable i.e. as per the applicable ROI for Housing Loan. Penal interest to be 2% after completion of 3 years with a right of recall, if construction is not completed within this period or the borrower defaults in constructing the house Interest will be charged on daily basis with Monthly Rests. Maximum 36 months Moratorium period is allowed, however interest may be capitalized for a maximum period of 18 months. Interest to be serviced as and when applied. Interest capitalization request may be considered by maintaining the necessary margin and in no case the LTV should be more than 80% for loans above Rs.20.00s. Maha Super Housing Loan Scheme: for repairs/renovation/alteration of existing house/flat for new standalone borrowers : Rate of Interest (Floating) Amount ROI Up to Rs % Above Rs % Interest will be charged on daily basis with Monthly Rests. i) Vehicle Loan: The vehicle loan sanctioned prior to Tenor Repayment up to 3 years 1.25% Repayment above 3 years 2.25% Second hand Vehicles irrespective of Tenor 5.00% ii) Maha Super Car Loan : Tenor Repayment up to 7 years( New Vehicle) 0.50 %

6 Note: % discount in applicable interest rate will be given to Existing Housing Loan / MSME & Corporate borrowers /Corporate Acount holders/ Professional & Self Employed Borrowers, having minimum standing of 1 years relationship with our Bank. 2-In case of housing loan borrowers whose account remained continuously in standard category for five years and above, rate of interest will be at discount of 0.50%. iii) Mahabank Vehicle Loan: Consequent to the introduction of Maha Super Car Loan scheme the below mentioned is applicable for purchasing of two wheeler & second hand car Mahabank Vehicle Loan 0.75% iv) Consumer Loan: Mahabank Consumer Loan Scheme: Mahabank Consumer Loan Scheme (prior to ) Mahabank Consumer Loan Scheme (W.E.F ) 5.50% 5.00% (1% concession for existing Housing loan borrowers or Corporate salary account holder) v) Aadhar Loan: Mahabank Aadhar Loan Scheme vi) Personal Loan: Mahabank Consumer Loan Scheme (prior to ) Mahabank Consumer Loan Scheme (W.E.F ) 3.00% 6.00% 5.50% (1% concession for existing Housing loan borrowers or Corporate salary account holder) vii) Salary Gain Scheme: Mahabank Salary Gain Scheme

7 3.50% viii) Education Loan Scheme: Amount of Loan Upto 4 Lakhs 2.50% Above 4 Lakhs & upto 7.50 s 2.00% Above 7.50 Lakhs 1.25% Note: The maximum discount to the extent of 0.50% P.A. is allowed in the Education loan Scheme. The benefit of above discounts are available only to the new applicants please refer our circular AX1/PSRC/Cir.2110 /13-14dated 26 th December, ix) Loan against security of NSC / KVP / LIC Policy / RBI Relief Bonds: Advances granted against security of NSC / KVP / LIC Policy / RBI Relief Bonds: 3.00% x) Advances against security of Units of Mutual funds / Shares and Debentures/ Other approved Govt. Securities / Money Market Mutual Funds (MMMF): Advances granted against security of Units of Mutual funds / Shares and Debentures/ Other approved Govt. Securities / Money Market Mutual Funds (MMMF): 7.50% xi) Solar Water Heating Systems: Particulars Domestic users 4.00% Institutional users 4.00% Industrial / commercial users 4.00% xii) Mahabank Gold Loan Scheme: Particulars For Agriculture loans (i) For loans eligible under interest subvention scheme: 7.00% 7.00% (ii) For other Agricultural loans For Gold loans other than Agriculture purpose (i) For General Public 3.00 % (ii) For Senior citizens 2.50 % As per applicable for Agri loans

8 Loan against Hallmark Gold jewellery Concession of 0.25% over rates mentioned above, except loans eligible under interest subvention scheme. xiii) Mahabank Top-up Loan Scheme: Particulars For Repair / Renovation / extension of house 1.25% For other purpose 2.50% 3. Agriculture: i. Agriculture Cash Credit / Working Capital Limits* / Term Loans Size of Advance Up to Rs.50000/- 0.75% Above Rs.50000/-& up to Rs % Above Rs.2 & up to Rs % Above Rs % *Short term production credit up to Rs to Farmers where interest subvention is available Advances under Mahabank Krishi Shakti Yojana for selected districts & selected crops as per guidelines 7.00% (Fixed). If loan remains unpaid after cutoff date/period stipulated as per Interest Subvention Scheme, applicable rate of interest will be applicable as per above slabs. 1.25% ii) Advances to FSCS / PACS /LAMPS: Size of Advance Up to Rs.25000/- 1.00% Above Rs.25000/- 1.50% iii) Advances to Self Help Groups (SHGs): Particulars For single SHG 1.50% For Federations / NGOs 1.00% **********