Interest Rate Structure - Direct Lending Products and Resource Support effective from July 20, 2015

Transcription

1 Interest Rate Structure - Direct Lending Products and Resource Support effective from July 20, 2015 PLR : % 1 All loans/ advances to Micro enterprises [including Missing Middle under SFMC] - Exposures upto ` 2 lakhs Floating Rate PLR All loans/ advances to Micro and Small Enterprises [including Missing Middle under SFMC] - Exposures above ` 2 lakh and upto ` 10 lakhs Less than or equal to 3 More than 3 Floating Rate Floating Rate PLR PLR to PLR to Term Loans to MSMEs including WCTL, Service Sector projects / Scheme of Infrastructure Development [other than Table 1 & 2 above i.e. Exposures above ` 10 lakhs] Less than or equal to 5 More than 5 and upto 8 More than 8 and upto 10 More than 10 Floating Rate Floating Rate Floating Rate Floating Rate PLR to PLR to PLR to PLR to PLR to PLR to Page 1 of 5

2 4 Scheme of Secured Business Loan to MSMEs Less than or equal to 8 PLR i.e More than 8 and upto 10 PLR i.e More than 10 PLR i.e Scheme for loans for Energy Efficiency & Cleaner production under lines contracted from JICA Less than or equal to 5 More than 5 and upto 8 More than 8 and upto 10 More than 10 Floating Rate Floating Rate Floating Rate Floating Rate Upto 75 bps lower than the corresponding interest rate applicable to MSME borrowers at Table 3 above 6 CRE projects (such as Office buildings, retail space, multi purpose commercial premises, multi-tenanted commercial/residential premises, shopping malls, etc.) More than 5 and upto 8 More than 8 and upto Less than or equal to 5 10 More than 10 Floating Rate Floating Rate Floating Rate Floating Rate PLR to PLR to PLR to PLR to PLR to PLR to PLR to PLR to Foreign Currency Term Loan (FCTL) Less than or equal to 5 FCTL in FCTL in USD EURO More than 5 and upto 8 FCTL in USD FCTL in EURO USD LIBOR bps to USD LIBOR bps 300 bps to 450 bps USD LIBOR bps to USD LIBOR bps to 500 bps Page 2 of 5

3 8 Working Capital Limit Floating Rate PLR to PLR Growth Capital and Equity Assistance Scheme for MSMEs (GEMs) upto 7 PLR i.e to PLR i.e Start-up Assistance scheme The expected rate of return (by way of interest, dividends, capital appreciation etc) shall be PLR+1.75% p.a. (% p.a.). 11 SFMC Less than or equal to 12 More than 12 and upto 36 More than 36 and upto 48 Floating Rate Floating Rate Floating Rate PLR PLR to to PLR to PLR to Page 3 of 5

4 12 Resource support (all) / assistance to NBFCs - AFCs/LCs Less than or equal to 12 More than 12 and More than 66 and upto 66 upto 90 Floating Rate Floating Rate Floating Rate PLR to PLR to PLR to PLR to PLR to PLR to Resource support (all) / assistance to Smaller NBFCs - AFCs/LCs Less than or equal to 12 More than 12 and More than 66 and upto 66 upto 90 Floating Rate Floating Rate Floating Rate PLR to to PLR to PLR to PLR to PLR to MSME Receivable Finance Schemes MSME RFS and Invoice Discounting Schemes Purchaser-wise limits (Discount Rates) and Trade Finance / Raw Material Assistance Scheme@ [interest rates] Usance Period from 46 days upto 90 days from 91 days upto 180 days from 181 days upto 360 days 9.50 to to to In respect of Trade Finance / Raw Material Assistance Scheme, applicable interest rate would be corresponding effective rate of interest applicable for the agreed usance period, against the above discount rate bands under Receivable Finance Scheme [RFS] MSME Receivable Finance and Invoice Discounting Schemesoperated as Seller-wise arrangement and Seller-wise Recceivable Finance Scheme [SRFS] [Discount Rates] Usance Period from 46 days upto 90 days from 91 days upto 180 days from 181 days upto 360 days to to to Page 4 of 5

5 14.3 MSME RFS Assistance with co-acceptance of scheduled commercial banks / Inland LC (irrespective of usance period) & Purchaser-wise / Seller-wise MSME RFS Assistance backed by Bank Guarantee (irrespective of usance period) Rate PLR presently Direct Discounting Scheme (Equipment) With coacceptance of scheduled commercial banks Against alternate security/other s PLR presently to Page 5 of 5