 RATE OF INTEREST
ON LOANS AND ADVANCES
BPLR : 12.25% per annum with monthly rest with effect from 10/07/2009
A. Interest Rate structure for Priority Sector (Secured) Advances as on 10/07/2009:
|
Particulars |
Spread over BPLR |
Effective rate (p.a.) |
|
DRI Advances – (Up to Rs 15,000) |
|
4.00% |
1 |
Agricultural Advances |
|
|
|
a) Total Funded Exposure up to Rs. 50,000 |
-2.50% |
9.75% |
|
b) Total Funded Exposure more than Rs 50,000 and up to Rs 2 lacs |
-2.00% |
10.25% |
|
c) Total Funded Exposure more than Rs 2 lacs and up to Rs 5 lacs |
-1.00% |
11.25% |
|
d) Crop loans upto Rs.3 lacs where Govt. subsidy of 2% is available. |
-5.25% |
7.00% |
|
e) Total Funded Exposure more than Rs. 5 lacs but upto Rs. 25 lacs |
|
|
|
Facilities having Maturity of less than 3 years |
-0.50% |
11.75% |
|
Facilities having Maturity of 3 years or more |
0.00% |
12.25% |
|
f) 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 |
|
a) Total funded exposure upto Rs.25000/- |
-3.50% |
8.75% |
|
b) Total funded exposure more than Rs.25000/- but upto Rs.1 lac |
-3.00% |
9.25% |
|
c) Total funded exposure more than Rs.1 lac but upto Rs.2 lac |
-2.25% |
10.00% |
|
d) Total funded exposure more than Rs.2 lac but upto Rs.1 crore |
-1.00% |
11.25% |
|
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% |
9.75% |
|
b) Total Funded Exposure more than
Rs 50,000 and up to Rs 2 lacs |
-2.00% |
10.25% |
|
c) Total Funded Exposure more than Rs 2 lacs and up to Rs 5 lacs |
-0.50% |
11.75% |
|
d) Total Funded Exposure more than Rs 5 lacs but upto Rs 25 lacs |
|
|
|
Facilities having Maturity of less than 3 years |
-0.50% |
11.75% |
|
Facilities having Maturity of 3 years or more |
0.00% |
12.25% |
|
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 |
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 (except in case of SSI borrowers as mentioned above).
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, not otherwise specified.
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:
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.
B. UCO Education Loan
Upto Rs.4 lacs : BPLR – 1.00% = 11.25% p.a.
Above Rs.4 lacs : BPLR - 0.50% = 11.75% p.a.
C. Interest Rate Structure for Special Category (Secured) Advances:
Particulars |
Spread over BPLR |
Effective rate |
Non Priority Sector Personal Loans |
+3.00% |
15.25% |
Loans to individuals against Shares |
0.00% |
12.25% |
Margin Trading Finance |
+3.00% |
15.25% |
Film Finance |
+4.00% |
16.25% |
Film Finance – With 75% or more Liquid Securities |
+2.50% |
14.75% |
UCO Real Estate |
0.00% |
12.25% |
Loans to Landlords of Bank Premises |
|
|
Upto Rs.2 lac |
+1.00% |
13.25% |
Above Rs.2 lac upto and inclusive of Rs.5 lac |
+1.50% |
13.75% |
Above Rs.5 lac upto and inclusive of Rs. 10 lac |
+2.00% |
14.25% |
Above Rs.10 lac |
+2.50% |
14.75% |
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% |
12.25% |
Finance granted to housing finance intermediary agencies for on- lending to ultimate beneficiaries. |
0.00% |
12.25% |
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% |
12.25% |
Facilities having Maturity of 3 years or more |
+0.50% |
12.75% |
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% |
13.75% |
Facilities having Maturity of 3 years or more |
+2.00% |
14.25% |
NBFCs |
|
|
Facilities having Maturity of less than 3 years |
+2.00% |
14.25% |
Facilities having Maturity of 3 year or more |
+2.50% |
14.75% |
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% |
12.25% |
A+ |
0.50% |
12.75% |
A |
1.50% |
13.75% |
B+ |
2.00% |
14.25% |
B |
3.00% |
15.25% |
B- |
3.25% |
15.50% |
C |
3.50% |
15.75% |
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% |
12.75% |
A+ |
1.00% |
13.25% |
A |
2.00% |
14.25% |
B+ |
2.50% |
14.75% |
B |
3.50% |
15.75% |
B- |
3.75% |
16.00% |
C |
4.00% |
16.25% |
NOTES:
-
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.
-
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 |
BPLR+1.00% = 13.25% p.a. |
UCO Mortgage
| Fixed |
Discontinued |
Floating |
BPLR + 2.00%. = 14.25% p.a. |
| UCO Trader |
BPLR-0.50% = 11.75% p.a. |
UCO Nari Shakti |
BPLR = 12.25% p.a. |
UCO Cash |
BPLR + 1.00% = 13.25% p.a. |
UCO Car |
Sl.No. |
Upto 3 years & more than 3 years
(both tenors) |
Interest Rate |
1 |
General Category |
BPLR – 0.75% = 11.50% p.a. |
2 |
Where full Collateral Security/Salary Tie-up/
Doctors/Medical Practitioners (Newly introduced category) |
BPLR – 1.50% = 10.75% p.a. |
UCO SHELTER
Rate of Interest: Option allowed for Floating as well as Fixed Rate. Rate of Interest varies depending upon period of loan, loan amount and margin.
UCO Shelter |
Upto & inclusive of 10 years |
Above 10 years but
upto 20 years |
Above 20 years |
|
Margin 25% or more |
Margin less than 25% |
Margin 25% or more |
Margin less than 25% |
Margin 25% or more |
Margin less than 25% |
Floating Rate (upto & inclusive of Rs. 30 Lacs) |
BPLR-
4.00%=
8.25%
p.a. |
BPLR-
3.50%=
8.75%
p.a. |
BPLR-
3.50%=
8.75%
p.a. |
BPLR-
3.00%=
9.25%
p.a. |
BPLR-
3.00%=
9.25%
p.a. |
BPLR-
2.50%=
9.75%
p.a. |
Floating Rate (Above Rs. 30 Lacs) |
BPLR-
3.00%=
9.25%
p.a. |
BPLR-
2.50%=
9.75%
p.a. |
BPLR-
2.75%=
9.50%
p.a. |
BPLR-
2.25%=
10.00%
p.a. |
BPLR-
2.25%=
10.00%
p.a.
|
Fixed Rate (upto & inclusive of Rs. 30 Lacs) |
12.00% p.a. |
12.25% p.a. |
12.25% p.a. |
12.50% p.a. |
12.50% p.a. |
12.75% p.a. |
Fixed Rate (Above Rs.30 Lacs) |
12.25% p.a. |
12.50% p.a. |
12.75% p.a. |
F. UCO Securities
Advance against NSC/Relief Bond/IVP/ Gold Bond/ KVP/ LIC Surrender Value |
BPLR – 1.00% = 11.25% p.a. |
Advances against Bonds/Debentures |
BPLR – 1.00% = 11.25% p.a. |
G. UCO Real Estate
|
Spread over BPLR |
Effective rate |
0.00% |
12.25% p.a. |
H. Loans against Bank’s Own Term Deposits [As effective on 10/07/2009]
Loans against own Term Deposits |
2% above deposit Rate of Interest |
Loans against Third Party FDRs up to and inclusive of Rs.2 lac |
2% above deposit Rate of Interest |
Loans against Third Party FDRs above Rs.2 lacs |
BPLR-1.0% or 2.5% above deposit ROI whichever is higher |
I. Discounting of Bills under Letters of Credit
Usance Period |
Present Rates |
Up to 3 months |
BPLR-1.50% i.e. 10.75% p.a. |
Beyond 3 months and up to 6 months |
BPLR-1.00% i.e. 11.25% 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.
J. Rupee Export Credit (Revised Rates w.e.f. 10/07/2009)
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% = 8.00% |
BPLR-4.25% = 8.00% |
BPLR-4.00% = 8.25% |
BPLR-3.75% = 8.50% |
(b) Beyond 180 days and up to 270 days (only in cases where RBI permits granting of PC beyond 180 days) |
BPLR-2.50% = 9.75% |
BPLR-2.50% = 9.75% |
BPLR-2.50% = 9.75% |
BPLR-2.50% = 9.75% |
Against Incentives receivable from Government (covered by ECGC Guarantee) up to 90 days |
BPLR-4.25% =8.00% |
BPLR-4.25% =8.00% |
BPLR-4.00% =8.25% |
BPLR-3.75% =8.50% |
Post - Shipment Credit |
On demand bills for transit period (from shipment date as specified by FEDAI |
BPLR-4.25% =8.00% |
BPLR-4.25% =8.00% |
BPLR-4.00% =8.25% |
BPLR-3.75% =8.50% |
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% =8.50% |
BPLR-3.75% =8.50% |
BPLR-3.50% =8.75% |
BPLR-3.25% =9.00% |
(b) Beyond 90 days and up to 6 months from the date of shipment # |
BPLR-2.50% =9.75% |
BPLR-2.50% =9.75% |
BPLR-2.50% =9.75% |
BPLR-2.50% =9.75% |
(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-2.50% =9.75% |
BPLR-2.50% =9.75% |
BPLR-2.50% =9.75% |
BPLR-2.50% =9.75% |
Against incentives receivable from Govt.
(covered by ECGC Guarantee) up to 90 days |
BPLR-4.25% =8.00% |
BPLR-4.25% =8.00% |
BPLR-4.00% =8.25% |
BPLR-3.75% =8.50% |
Against undrawn balances (up to 90 days) |
BPLR-4.25% =8.00% |
BPLR-4.25% =8.00% |
BPLR-4.00% =8.25% |
BPLR-3.75% =8.50% |
Against retention money (for supplies portion only) payable within one year from the date of shipment (up to 90 days) |
BPLR-4.25% =8.00% |
BPLR-4.25% =8.00% |
BPLR-4.00% =8.25% |
BPLR-3.75% =8.50% |
Deferred Credit |
Deferred credit for the period beyond 90 days |
BPLR +0.25%= 12.50% |
BPLR +0.50%= 12.75% |
BPLR+ 0.75% = 13.00% |
BPLR+1.00%= 13.25% |
Export Credit Not Otherwise Specified (ECNOS) |
Pre - shipment credit |
BPLR +0.25%= 12.50% |
BPLR +0.50%= 12.75% |
BPLR +0.75%= 13.00% |
BPLR+1.00%= 13.25% |
Post - shipment credit |
BPLR + 0.25%= 12.50% |
BPLR +0.50%= 12.75% |
BPLR +0.75%= 13.00% |
BPLR+1.00% = 13.25% |
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 save for the exceptions mentioned below:-
(i)For Pre-shipment Credit beyond 180 days & upto 270 days, the rates applicable for Non UCO EXPOGOLD Card holders would be BPLR-2.50% for all the internal rating categories. These rates are effective from 15.11.2008.
(ii)# For Post-shipment Credit beyond 90 days & upto 180 days, the rates applicable for Non UCO EXPOGOLD Card holders would be BPLR-2.50% for all internal rating categories.
(iii)## For Post-shipment Credit beyond 6 months & upto 365 days, the rates applicable for Non UCO EXPOGOLD Card holders would be BPLR+0.25% for all internal rating categories. |
Interest Rates on Export Credit in Foreign Currency (Non-Gold + Gold Card Holders) (w.e.f. 05.02.2009) |
|
A++ |
A+ |
A |
Below A |
Pre-Shipment Credit |
6 months
LIBOR/
EURO LIBOR/
EURIBOR
+ 350
basis point
|
6 months
LIBOR/
EURO LIBOR/
EURIBOR
+ 350
basis point
|
6 months
LIBOR/
EURO LIBOR/
EURIBOR
+ 350
basis point
|
6 months
LIBOR/
EURO LIBOR/
EURIBOR
+ 350
basis point
|
Post-Shipment Credit
|
-do- |
-do- |
-do- |
-do- |
K. 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% |
16.25% |
Facilities having Maturity of 3 years or more |
4.50% |
16.75% |
Any Other Loans and Advances not Specified above: |
|
|
Facilities having Maturity of less than 3 years |
4.00% |
16.25% |
Facilities having Maturity of 3 years or more |
4.50% |
16.75% |
|
