 RATE OF INTEREST
ON LOANS AND ADVANCES
BPLR: Revised from
the existing 12.75% p.a with monthly rests to 13.50% p.a. with monthly rests w.e.f.
10/04/2007
A. Interest Rate structure for Priority Sector (Secured) Advances:
| |
Particulars |
Spread over BPLR |
Effective rate |
| |
DRI
Advances – (Up to Rs 6,500) |
|
4.00% |
1 |
Agricultural
Advances |
|
|
| |
a) Total Funded Exposure up
to Rs. 50,000 |
-2.50% |
11.00% |
| |
b) Total Funded Exposure more
than Rs 50,000 and up to Rs 2 lacs |
-2.00% |
11.50% |
| |
c) Total Funded Exposure more
than Rs 2 lacs and up to Rs 5 lacs |
-1.00% |
12.50% |
| |
d) Crop loans upto Rs.3 lacs
where Govt. subsidy of 2% is available.$ |
-6.50% |
7.00% |
| $Note: A declaration from
the borrower would be obtained stating therein that ROI on such loans would be BPLR-4.50%
from the date the GOI subsidy of 2% for such loans is withdrawn/discontinued. |
| |
e) Total Funded Exposure
more than Rs 5 lacs but upto Rs 10 lacs |
|
|
| |
Facilities having Maturity of
less than 3 years |
-0.50% |
13.00% |
| |
Facilities having Maturity of 3
years or more |
0.00% |
13.50% |
| |
f) Total Funded Exposure more
than Rs 10 lacs but upto Rs 25 lacs |
|
|
| |
Facilities having Maturity of
less than 3 years |
-0.50% |
13.00% |
| |
Facilities having Maturity of 3
years or more |
0.00% |
13.50% |
| |
g) Total Funded Exposure more
than Rs 25 lacs |
|
|
|
Facilities having
Maturity of less than 3 years |
As per Credit Rating |
| |
Facilities having Maturity of 3
years or more |
2 |
SSI Advances |
|
|
| Interest Rate
Structure for Advances to SSI in Rural, Semi Urban, Urban & Metropolitan Sector |
| |
|
|
|
| |
Total
funded exposure upto Rs.25000/- |
-3.50% |
10.00% |
| |
Total
funded exposure more than Rs.25000/- but upto Rs.1 lac |
-3.00% |
10.50% |
| |
Total
funded exposure more than Rs.1 lac but upto Rs.2 lac |
-2.25% |
11.25% |
| |
Total
funded exposure more than Rs.2 lac but upto Rs.25 lac |
-1.00% |
12.50% |
| |
Total
funded exposure above Rs.25 lac but upto Rs.1 crore |
-1.00% |
12.50% |
| |
Total
funded exposure above Rs.1 crore |
As per Credit Rating |
3 |
All other Priority
Sector Advances |
|
|
| |
a) Total Funded
Exposure up to Rs.50,000 |
-2.50% |
11.00% |
| |
b) Total Funded
Exposure more than Rs 50,000 and up to Rs 2 lacs |
-2.00% |
11.50% |
| |
c) Total Funded
Exposure more than Rs 2 lacs and up to Rs 5 lacs |
-0.50% |
13.00% |
| |
d) Total Funded
Exposure more than Rs 5 lacs but upto Rs 25 lacs |
|
|
| |
Facilities
having Maturity of less than 3 years |
-0.50% |
13.00% |
| |
Facilities
having Maturity of 3 years or more |
0.00% |
13.50% |
| |
e) Total Funded
Exposure more than Rs 25 lacs |
|
|
|
Facilities
having Maturity of less than 3 years |
As per Credit Rating |
|
Facilities
having Maturity of 3 years or more |
4 |
Loans under UCO Hirak Jayanti Krishi Yojna |
|
|
| |
a) Total Funded
Exposure up to Rs. 2 Lacs |
-2.00% |
11.50% |
| |
b) Total Funded Exposure more
than Rs 2 Lacs and up to Rs 5 lacs |
-1.00% |
12.50% |
Notes:
1. Total funded exposure means total of all fund based facilities allowed to a
borrower.
2. Where total exposure is Rs 25 lacs or more, applicable interest rate should be based
on credit rating of the account and interest rate structure as per Credit Rating Schedule
would apply.
3. Maturity period for Cash Credit and working capital demand loan may be taken as one
year.
4. The rate of interest mentioned above would be applicable for all priority sector
accounts. Rates advised in different schemes circulated earlier would stand superceded
with immediate effect.
5. The above rates should be applied with monthly rest excepting in case of DRI and
agriculture advances where the above rates may be applied with half yearly rest. Crop
loans, unless overdue/ restructured, will carry simple rate of interest. The interest
rates would be applied with annual rests in case of following agricultural advances:
· Cultivation of Sugarcane, Banana and Papaya.
· Development of Horticulture & Plantations Crops
· Tank Fishery (Rearing)
6. Credit rating of all accounts, under the category of SSI, with aggregate FB &
NFB exposure above Rs.25 lacs and above shall be carried out as per present practice.
However, rate of interest shall be applicable as per the above interest rate structure.
7. ROI on loans sanctioned/to be disbursed for construction and running of cold storage
would be 8.50% p.a with half-yearly rest.
B. Educational Loans
- Upto Rs.4 lacs – BPLR – 1.00% i.e. 12.50 % p.a.
- Above Rs.4 lacs – BPLR - 0.5% i.e. 13.00% p.a
C. Interest Rate Structure for Special Category (Secured) Advances:
Particulars |
Spread over BPLR |
Effective rate |
| Non Priority Sector
Personal Loans |
+3.00% |
16.50% |
| Loans to
individuals against Shares |
0.00% |
13.50% |
| Margin Trading
Finance |
+3.00% |
16.50% |
| Film Finance |
+4.00% |
17.50% |
| Film Finance –
With 75% or more Liquid Securities |
+2.50% |
16.00% |
| UCO Real
Estate |
0.00% |
13.50% |
| Loans
to Landlords of Bank Premises |
|
|
| Upto Rs.2 lac |
+1.00% |
14.50% |
| Above Rs.2 lac upto
and inclusive of Rs.5 lac |
+1.50% |
15.00% |
| Above Rs.5 lac upto
and inclusive of Rs. 10 lac |
+2.00% |
15.50% |
| Above Rs.10 lac |
+2.50% |
16.00% |
| Finance
granted to intermediary agencies |
|
|
| For on-lending to
ultimate beneficiaries and agencies (as indicated below excluding those of housing)
providing input support. |
0.00% |
13.50% |
| Finance granted to
housing finance intermediary agencies for on- lending to ultimate beneficiaries. |
0.00% |
13.50% |
| Loans under
refinance schemes of term lending institutions |
Interest
to be charged as per stipulations of the Refinancing Agencies |
Note:
Interest rate on refinance for "Self- Help Groups" may be fixed on the basis
of per capita size of the loan. They will not receive any additional interest rate
reduction.
D. Interest Rate Structure for General (Secured) Advances:
| Particulars |
Spread
over BPLR |
Effective
rate |
| Total
Funded Exposure up to Rs. 200,000 |
|
|
| Facilities having Maturity of
less than 3 years |
0.00% |
13.50% |
| Facilities having Maturity of 3
years or more |
+0.50% |
14.00% |
| |
|
|
| Total Funded
Exposure more than Rs 2 lacs to Rs 25 lacs |
|
|
| Other than NBFCs |
|
|
| Facilities having Maturity of
less than 3 years |
+1.50% |
15.00% |
| Facilities having Maturity of 3
years or more |
+2.00% |
15.50% |
| |
|
|
| NBFCs |
|
|
| Facilities having Maturity of
less than 3 years |
+2.00% |
15.50% |
| Facilities having Maturity of 3
years or more |
+2.50% |
16.00% |
| Total
Funded Exposure more than Rs 25 lacs (Facilities having maturity of less than 3 years) |
| CREDIT
RATING |
Spread over BPLR |
Effective rate |
| A++ |
0.00% |
13.50% |
| A+ |
0.50% |
14.00% |
| A |
1.50% |
15.00% |
| B+ |
2.00% |
15.50% |
| B |
3.00% |
16.50% |
| B- |
3.25% |
16.75% |
| C |
3.50% |
17.00% |
Total Funded Exposure more than Rs 25 lacs (Facilities having maturity
of 3 years or more)
| CREDIT
RATING |
Spread over BPLR |
Effective rate |
| A++ |
0.50% |
14.00% |
| A+ |
1.00% |
14.50% |
| A |
2.00% |
15.50% |
| B+ |
2.50% |
16.00% |
| B |
3.50% |
17.00% |
| B- |
3.75% |
17.25% |
| C |
4.00% |
17.50% |
NOTES:
1. In respect of accounts with total funded exposure of Rs 25 lacs and above Interest
Rate is to be based on credit rating assessed in terms of Bank’s extant directives.
2. Rate of Interest on Working Capital Demand Loan (WCDL) will be the same as that of
the respective Cash Credit rate.
E. MID MARKET SCHEME PRODUCTS AND OTHERS
| UCO
Rent |
Spread over BPLR |
Effective Rate |
| A. For accounts
where sanctions and/or disbursements have taken place on or after 21.08.2006 (For All
Tenors) |
0.00% |
13.50% |
| B. For accounts
not covered under ‘A’ above. |
|
|
| i) Up to 5 years |
-1.00% |
12.50% |
| ii) More than 5
years |
-0.50% |
13.00% |
UCO Mortgage
| Fixed |
14.75% p.a. |
| Floating |
BPLR + 1.00%. i.e. 14.50% p.a. |
| UCO
Pensioner |
|
|
| Loans
sanctioned prior to 19/02/2007 |
0.00% |
13.50% |
| Loans
sanctioned on or after 19/02/2007 |
0.00% |
13.50% |
| UCO
Nari Shakti |
BPLR i.e. 13.50% p.a. at present |
| UCO
Cash |
BPLR + 1% i.e. 14.50% p.a at present. |
| UCO
Shopper |
BPLR +1% i.e.14.50% p.a. |
| UCO Car |
- Upto 3 years BPLR – 0.25% i.e. 13.25% p.a.
- More than 3 years – BPLR - 0.25% i.e. 13.25% p.a.
|
UCO SHELTER
| |
Upto 10 years |
Above 10 years but upto 20 years |
Above 20 years |
| Fixed |
10.50% - 11.25% p.a. |
11.00% - 11.75% p.a. |
11.50% - 12.25% p.a. |
| Floating (Below 20 Lacs) |
10.00% - 10.25% p.a. |
10.50% - 10.75% p.a. |
11.00% - 11.25% p.a. |
| Floating (Above 20 Lacs) |
10.75% p.a. |
11.25% p.a. |
11.75% p.a. |
Option allowed for Floating as well as Fixed Rate. Rate of
Interest varies depending upon period of loan, loan amount and margin.
F. UCO Securities:
BPLR i.e. 13.50% p.a. at present
G. Loans against Bank’s Own Term Deposits [Effective from
01/04/2006]
| Loans against own Term Deposits |
1% above deposit Rate of Interest |
1% above deposit Rate of Interest |
| Loans against Third Party FDRs up to and inclusive of
Rs.2 lac |
1% above deposit Rate of Interest |
1% above deposit Rate of Interest |
| Loans against Third Party FDRs above Rs.2 lacs |
BPLR-2.5% or 1% above deposit ROI whichever is higher |
BPLR-2.5% or 1% above deposit ROI whichever is higher |
H. Discounting of Bills under Letters of Credit
| Usance Period |
ROI [from
16/04/2007 to 30/04/2007] |
| Up to 3 months |
10.63%
p.a. |
| Beyond 3 months and up to 6
months |
11.05%
p.a. |
Note:
Rates are revised every fortnight based on market rate of corresponding T bills. These
are advised through circulars and e-mail.
Negotiation/discounting of bills under LC are to be carried out at prevailing interest
rate for the fortnight.
I. Rupee Export Credit (Revised Rates)
| a. For 'UCO
EXPOGOLD CARD' Holders for Export Finance
[Interest Rate % p.a. at Monthly Rests] |
| |
Internal
Rating-> |
A++ |
A+ |
A |
Below A |
| Pre -
Shipment Credit |
| (a) Upto 180 days |
BPLR-4.25% =9.25% |
BPLR-4.25% =9.25% |
BPLR-4.00% =9.50% |
BPLR-3.75% =9.75% |
| (b) Beyond 180 days and up to 270 days
(only in cases where RBI permits granting of PC beyond 180 days) |
BPLR-0.50% =13.00% |
BPLR-0.50% =13.00% |
BPLR-0.50% =13.00% |
BPLR-0.50% =13.00% |
| Against Incentives receivable from
Government (covered by ECGC Guarantee) up to 90 days |
BPLR-4.25% =9.25% |
BPLR-4.25% =9.25% |
BPLR-4.00% =9.50% |
BPLR-3.75% =9.75% |
| Post -
Shipment Credit |
| On demand bills for transit period (from
shipment date as specified by FEDAI) |
BPLR-4.25% =9.25% |
BPLR-4.25% =9.25% |
BPLR-4.00% =9.50% |
BPLR-3.75% =9.75% |
Against
usance bills up to notional due date or actual due date, whichever is earlier. (for total
period comprising usance period of export bills, transit period as specified by FEDAI and
grace period wherever applicable) |
| (a) Up to 90 days |
BPLR-3.75% =9.75% |
BPLR-3.75% =9.75% |
BPLR-3.50% =10.00% |
BPLR-3.25% =10.25% |
| (b) Beyond 90 days and up to 6 months
from the date of shipment # |
BPLR-2.00% =11.50% |
BPLR-2.00% =11.50% |
BPLR-1.75% =11.75% |
BPLR-1.50% =12.00% |
| (c) Beyond 6 months and up to 365 days
from the date of shipment # (Only in cases where RBI permits realization of export
proceeds beyond 6 months from the date of shipment.) |
BPLR = 13.50% |
BPLR = 13.50% |
BPLR = 13.50% |
BPLR = 13.50% |
| Against incentives receivable from Govt.
(covered by ECGC Guarantee) up to 90 days |
BPLR-4.25% =9.25% |
BPLR-4.25% =9.25% |
BPLR-4.00% =9.50% |
BPLR-3.75% =9.75% |
| Against undrawn balances (up to 90 days) |
BPLR-4.25% =9.25% |
BPLR-4.25% =9.25% |
BPLR-4.00% =9.50% |
BPLR-3.75% =9.75% |
| Against retention money (for supplies
portion only) payable within one year from the date of shipment (up to 90 days) |
BPLR-4.25% =9.25% |
BPLR-4.25% =9.25% |
BPLR-4.00% =9.50% |
BPLR-3.75% =9.75% |
# until further notice Interest rates charged on these categories should
not exceed BPLR - 2.50% i.e.11.00% (presently) for the Gold Card holders.
| Deferred
Credit |
| Deferred credit for the period beyond 90
days |
BPLR +
0.25%=13.75% |
BPLR +
0.50%=14.00% |
BPLR +
0.75%=14.25% |
BPLR+
1%=14.50% |
| Export
Credit Not Otherwise Specified (ECNOS) |
| Pre - shipment credit |
BPLR +
0.25%=13.75% |
BPLR +
0.50%=14.00% |
BPLR +
0.75%=14.25% |
BPLR+
1%=14.50% |
| Post - shipment credit |
BPLR +
0.25%=13.75% |
BPLR +
0.50%=14.00% |
BPLR +
0.75%=14.25% |
BPLR+
1%=14.50% |
| b. For
Exporters who do not hold 'UCO EXPOGOLD CARD' |
| Rupee
Export Credit Interest Rate for Non UCO EXPOGOLD Card holders in each category will be
0.25% higher than the rates for UCO EXPOGOLD Card holders In respect of post shipment
credit categories (b) Beyond 90 days and up to 6 months from the date of shipment and (c)
Beyond 6 months and up to 365 days from the date of shipment - also, the interest rate
charged will be 0.25% over and above the rates mentioned in the above table. |
| Interest
Rates on Export Credit in Foreign Currency |
| (No. ID / IBD / 1288 / 2006
dated 06.09.2006) |
| Particulars |
Interest rates (per annum)* |
| 1)
Pre-shipment Credit |
| a) Upto 180 days |
100 basis points over LIBOR
/ EURO LIBOR / EURIBOR |
| b) Beyond 180 days and upto 360 days |
Rate for initial period of
180 days prevailing at the time of extension plus 200 basis points |
| 2)
Post-shipment Credit |
| a) On demand bills for
transit period (as specified by FEDAI) |
100 basis points over LIBOR /
EURO LIBOR / EURIBOR |
| b) Against Usance bills
(Credit for total period comprising usance period of export bills, transit period as
specified by FEDAI and grace period wherever applicable) |
| Upto 6 months from the
date of shipment |
100 basis points over LIBOR
/ EURO LIBOR / EURIBOR |
| c) Export bills (demand or
usance) realised after due date but up to date of crystalisation |
Rate for 2 (b) above plus
200 basis points |
| * with effect from
18.05.2006 |
|
| 3) EXPORT
CREDIT NOT OTHERWISE SPECIFIED [ECNOS] |
| a) Pre Shipment Credit |
As applicable
on Rupee Credit & Branches are advised to follow Circular no. ID/IBD/1438/2005
Dt.23/08/2005 |
| b) Post Shipment Credit |
|
J. Unsecured Loans and Advances and any Other Loans and Advances not specified above
| Particulars |
Spread over BPLR |
Effective rate |
| Unsecured Loans and Advances: |
|
|
| Facilities having Maturity of less than 3 years |
4.00% |
17.50% |
| Facilities having Maturity of 3 years or more |
4.50% |
18.00% |
| Any Other Loans and Advances not Specified above: |
|
|
| Facilities having Maturity of less than 3 years |
4.00% |
17.50% |
| Facilities having Maturity of 3 years or more |
4.50% |
18.00% |
|
