|
Rate (per annum) w.e.f. 01.04.2009 |
Benchmark Prime Lending Rate (BPLR)
|
12.00%
|
| The applicable spread over BPLR based on credit ratings as per new rating model: |
| Credit Rating of Account |
Applicable spread (%) over BPLR |
|
Maturity up to 180 days |
Maturity over 180 days and less than 1 year |
Maturity over 1 year |
| AAA |
-0.50 |
0.00 |
0.75 |
| AA |
0.00 |
0.50 |
1.25 |
| A |
1.00 |
1.50 |
2.25 |
| BBB |
1.50 |
2.00 |
2.75 |
| BB |
2.00 |
2.50 |
3.25 |
| B |
2.50 |
3.00 |
3.75 |
| C |
2.50 |
3.00 |
3.75 |
| D |
2.50 |
3.00 |
3.75 |
| The applicable band over BPLR based on credit rating as per old rating model: |
| Sr. No. |
Credit Rating |
Maturity upto 180 days |
Maturity over 180 days & less than 1 year |
Maturity over 1 year |
| 1. |
A + |
0.00 to 1.00 % |
0.50 to 1.50 % |
1.25 to 2.25 % |
| 2. |
A |
1.00 to 2.00 % |
1.50 to 2.50 % |
2.25 to 3.25 % |
| 3. |
B + |
2.00 to 2.50 % |
2.50 to 3.00 % |
3.25 to 3.75 % |
| 4. |
B |
2.50 % |
3.00 % |
3.75 % |
| 5. |
C |
2.50 % |
3.00 % |
3.75 % |
| Rate of interest on Bill Discounting |
|
Amount of Bill |
Interest Rate (Floor Rates) |
| 1. When Bills Discounted are under Letter of Credit of our Bank / Other Prime Banks |
| a. Having contractual maturity from 1 to 90 days. |
i. For Bills of Rs. 25 lacs and above |
2.50 % below BPLR, i.e. 9.50% p.a. at present. |
| ii. For Bills below Rs. 25 lacs |
2.25% below BPLR, i.e. 9.75 % p.a. at present. |
| b. Having contractual maturity from 91 to 180 days. |
i. For Bills of Rs. 25 lacs and above |
2.00 % below BPLR, i.e. 10.00% p.a. at present. |
| ii. For Bills below Rs. 25 lacs |
1.75 % below BPLR, i.e. 10.25% p.a. at present. |
| c. Having contractual maturity more than 180 days but upto 1 year. |
Irrespective of the amount. |
0.50% below BPLR i.e.11.50% p. a at present. |
| d. Having contractual maturity more than 180 days but upto 1 year. |
Irrespective of the amount (for other banks L/Cs) |
At BPLR, i.e. 12.00% p.a. at present. |
| 2. When Bills Discounted are outside Letter of Credit |
| a. Having contractual maturity up to 180 days. |
Irrespective of the amount. |
1.50% above BPLR, i.e. 13.50% p.a. at present. |
| b. Having contractual maturity more than 180 days but upto 1 year. |
Irrespective of the amount. |
2.00% above BPLR, i.e. 14.00% p.a. at present |
Remarks : The above interest rates for discounting of bills under Letter of Credit of our Bank or other Prime Bank will be offered irrespective of borrowers' credit rating provided they are borrower constituents who enjoy regular credit facilities.
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» Retail Loans
Interest Rate w.e.f 01.04.09
Interest rates on all retail loans linked with BPLR are subject to stipulation of minimum applicable interest rate w.e.f 01.04.09 and that minimum interest rate will be the interest rate applicable as on date of sanction of the loan.
| Baroda Home Loan to Individuals / NRIs / PIOs |
| Fixed Rate option |
| Repayment Period |
Up to Rs. 30 Lacs |
Above Rs. 30 Lacs |
| Upto 5 years |
9.50% |
10.25% |
| Over 5 years & up to 10 years |
9.75% |
10.50% |
| Over 10 years & up to 15 yrs |
10.00% |
10.75% |
| Floating Rate option (interest rates applicable on the loans sanctioned on or after 11.02.2010) |
| Repayment Period |
Up to Rs. 30 Lacs |
Above Rs. 30 Lacs |
| Up to 5 years |
3.50% below BPLR i.e. 8.50% |
2.75% below BPLR i.e. 9.25% |
| Over 5 years up to 15 years |
3.25% below BPLR i.e 8.75% |
2.50% below BPLR i.e. 9.50% |
| Over 15 years up to 25 years |
3.00% below BPLR i.e.9.00% |
2.25% below BPLR i.e. 9.75% |
| Baroda Home Improvement Loan |
|
1.50% below BPLR i.e. 10.50%. |
| Baroda Mortgage Loan (Realigned Product) |
|
1.25% above BPLR i.e.13.25% |
| Baroda Traders Loan (with effect from 16.12.2009) |
|
At BPLR i.e.12.00% |
| Baroda Loan to Doctors |
| Upto Rs.2/- lacs |
1.00 % below BPLR i.e. 11.00%. |
| Above Rs.2.lacs |
1.50 % below BPLR i.e. 10.50%. |
| Baroda Education Loan |
| Loans upto Rs.4.00 lacs |
2.00% below BPLR i.e. 10.00%. |
| Loans above Rs.4.00 lacs |
At BPLR i.e. 12.00%. |
| Baroda Career Development |
|
0.75% Above BPLR i.e. 12.75% |
| Baroda Loan for Training, Skill Upgradation of Construction workers |
|
1.00% Above BPLR i.e. 13.00% |
| Baroda Auto Loan |
| Baroda Car Loan - Special Offer on Car Loans Upto 14.03.2010 |
For loans of tenor upto 3 years: 2.25% below BPLR i.e. 9.75%
For loans of tenor over 3 years: 1.75% below BPLR i.e. 10.25%
Irrespective of the loan amount. |
| Baroda Car Loan to HNIs / Corporate - Special Offer on Car Loans Upto 14.03.2010 |
For loans of tenor upto 3 years: 2.25% below BPLR i.e. 9.75%
For loans of tenor over 3 years: 1.75% below BPLR i.e. 10.25%
Irrespective of the loan amount |
| Baroda Loan for Two Wheelers |
|
At BPLR i.e. 12%. |
| Baroda Advance Against Securities |
| A |
Against NSC/KVP |
Loan:0.50% below BPLR or 0.50% over NSC / KVP rate, whichever is higher
Overdraft: At BPLR or 0.75% over NSC / KVP, whichever is higher |
| B |
Life Insurance Policy / Relief Bonds |
Loan :0.50% below BPLR i.e. 11.50 %
Overdraft: At BPLR i.e. 12.00%. |
| Baroda Salary Advantage Savings Account |
|
1.50% above BPLR i.e.13.50% |
| Baroda Loan Against Future Rent Receivables |
|
2.50% above BPLR i.e.14.50% |
| Baroda Additional Assured Advance (AAA) (Resident / NRIs / PIOs) |
|
2.50% above BPLR 14.50% |
| Baroda Personal Loan |
|
BARODA PERSONAL LOAN (Realigned on 01.04.09) sanctioned on or after 01.04.09: 2.50% Above BPLR i.e. 14.50% |
| Except for following Purpose |
|
Loan to Pensioners: 1.25% Above BPLR i.e. 13.25%
Loan to Defence Pensioners: 1.25% Above BPLR i.e. 13.25%
Loan for Earnest Money Deposit: 0.75% below BPLR i.e. 11.25% |
| Baroda Ashray (Reverse Mortgage) |
|
Fixed Rate Option: 10.25% (subject to re-set clause after every 5 years)
Floating Rate Option: 2.25% Below BPLR i.e. 9.75% p.a. |
Loan against Bank’s own Deposit (LABOD) – For advances below Rs. 1 Crore
| Category |
Loan to depositor |
Loan to third party |
| Domestic (Public) |
1.50% over deposit rate |
2% over deposit rate or 0.50% below BPLR, whichever is higher. |
| Senior Citizens |
1.25% over deposit rate |
Not applicable |
| NRE Deposits (Public)# |
1.50% over deposit rate |
2% over deposit rate or 0.50% below BPLR, whichever is higher. |
# Maximum loan amount subject to current RBI/FEMA guidelines.
Loan against Bank’s own Deposit (LABOD) – For advances of Rs. 1 Crore and above
| Category |
Loan to depositor |
Loan to third party |
| Domestic (Public) |
1.75% over deposit rate |
2.25% over deposit rate or 0.50% below BPLR, whichever is higher. |
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» Priority Sector
| Sr. No. |
Parameter |
Interest rate (per annum)
w.e.f. 01.01.2009 |
| 1. |
Direct Agriculture |
|
| 1.1 |
Crop loans/ Production Credit |
|
| 1.1.1 |
Crop loans/Production Credit up to Rs. 3 lacs. |
7.00% p.a. (Fixed) *
*Subject to Govt. of India provides 2% subvention to Banks on such advances. Otherwise as mentioned below:
Upto Rs.50,000: BPLR-3.50%
Above Rs. 50,000 upto Rs.2 lacs: BPLR-2.75%
Above Rs.2 lacs upto Rs.3 lacs : BPLR-1.75% |
| 1.1.2 |
Crop loans/Production Credit Above Rs. 3 lacs and upto Rs. 10 lacs. |
BPLR - 1.25% |
| 1.1.3 |
Crop loans/Production loans above Rs. 10 lacs. |
BPLR - 0.25% |
| 1.2 |
Investment loans (Based on aggregate limits combined with production credit) |
| 1.2.1 |
Upto Rs.50,000. |
BPLR - 3.00% |
| 1.2.2 |
Above Rs.50,000 upto Rs. 2 lacs |
BPLR - 2.25% |
| 1.2.3 |
Above Rs. 2 lacs upto Rs.10 lacs. |
BPLR - 1.25% |
| 1.2.4 |
Above Rs. 10 lacs |
BPLR-0.25% |
| 2 |
Indirect Agriculture/Other Priority Sector (Other than Housing Loans, Retail Lending Products & SME) |
| 2.1 |
Finance to PACS/FSS/LAMPS for on lending to farmers irrespective of loan limit/purpose. |
BPLR - 3.50% |
| 2.2 |
Finance to SHGs irrespective of loan limit/purpose |
BPLR - 3.00% |
| 2.3 |
Finance to others not mentioned above |
| 2.3.1 |
Loans upto Rs.50,000 |
BPLR-3.00% |
| 2.3.2 |
Above Rs.50,000 to Rs. 2 lacs. |
BPLR-2.50% |
| 2.3.3 |
Above Rs.2 lacs but less than Rs. 25 lacs. |
BPLR-0.25% The pricing is delinked from credit rating. However, the credit rating is to be carried out to ascertain the risk profile of the portfolio. |
| 2.3.4 |
Rs. 25 lacs and above. |
Ranging from BPLR-0.85% to BPLR+1.00% for loans depending upon credit rating of individual borrower irrespective of the tenure as mentioned below. |
The rate of interest as per credit rating in respect of Indirect Agriculture will be as under for loans of Rs.25 lacs & above:
| As per CRISIL Model |
Irrespective of Tenure of Loan |
| CR1 |
@BPLR-0.85% |
| CR2 |
@BPLR-0.50% |
| CR3 |
@BPLR-0.25% |
| CR4 * |
@ BPLR |
| CR5 * |
@ BPLR+0.50% |
| CR 6, 7, 8, 9 & 10 |
@BPLR+1.00% |
The rate of interest as per credit rating in respect of Other Priority Sector (Other than housing Loans, Retail Lending Products & SME) will be as under for loans of Rs.25 lacs & above:
| As per CRISIL Model |
Irrespective of Tenure of Loan |
| CR1 |
@BPLR-0.85% |
| CR2 |
@BPLR-0.50% |
| CR3 |
@BPLR-0.25% |
| CR4 |
@ BPLR+0.50% |
| CR 5, 6, 7, 8, 9 & 10 |
@BPLR+1.00% |
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Interest rates applicable for domestic credit (Micro, Small & Medium Enterprises) irrespective of tenure of advance w.e.f. 16.12.2008:
» Micro / Small Enterprises
(i) For loans upto Rs.25 lacs
| Loan Limit |
For Micro Enterprises |
For Small Enterprises |
| Upto Rs. 50,000 |
4.00% below BPLR |
3.50% below BPLR |
| Above Rs. 50,000 upto Rs. 2.00 lacs |
3.50% below BPLR |
3.00% below BPLR |
| Above Rs.2 lacs but less than Rs.25 lacs |
1.25% below BPLR |
0.75% below BPLR |
(iii) For loans of Rs. 25.00 lacs and above
| Credit Rating |
For Micro Enterprises |
For Small Enterprises |
| Fund Based Limits upto Rs.10 crores |
Fund Based Limits above Rs.10 crores |
| CR1 |
1.85% below BPLR |
1.35% below BPLR. |
0.85% below BPLR |
| CR2 |
1.50% below BPLR. |
1.00% below BPLR. |
0.50% below BPLR. |
| CR3 |
1.25% below BPLR. |
0.75% below BPLR. |
0.25% below BPLR. |
| CR4 |
1.00% below BPLR |
0.50% below BPLR. |
@ BPLR |
| CR5 |
0.50% below BPLR. |
@ BPLR |
0.50% above BPLR |
| CR 6, 7, 8, 9 & 10 |
@ BPLR |
0.50% above BPLR |
1.00% above BPLR |
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» Medium Enterprises :
I. For advances over Rs. 2/- lacs and less than Rs. 25/- lacs : 0.25% below BPLR
| II. For advances of Rs. 25/- lacs and above : |
| Credit Rating |
Fund Based Limits upto Rs.10 crores |
Fund Based Limits above Rs.10 crores |
| CR1 |
1.10% below BPLR |
0.60% below BPLR |
| CR2 |
0.75% below BPLR |
0.25% below BPLR |
| CR3 |
0.25% below BPLR |
0.25% above BPLR |
| CR4 |
0.25% above BPLR |
0.75% above BPLR |
| CR5 |
1.00% above BPLR |
1.50% above BPLR |
| CR 6, 7, 8, 9, 10 |
1.75% above BPLR |
2.25% above BPLR |
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» Export Credit - (Interest rates w.e.f 01.04.2009)
Interest rates for Normal Exporters
| Categories of Rupee Export Credit |
Credit Rating |
Rate of Interest |
| Pre-Shipment Credit |
| (a) Up to 270 days |
CR 1 to CR 3 |
BPLR minus 3.00% i.e, 9.00% |
| CR 4 to CR 6 |
BPLR minus 2.75% i.e, 9.25% |
| CR 7 to CR 10 |
BPLR minus 2.50% i.e, 9.50% |
| (b) Against incentives receivable from Govt. (Covered by ECGC guarantee) upto 90 days. |
CR 1 to CR 3 |
BPLR minus 3.00% i.e, 9.00% |
| CR 4 to CR 6 |
BPLR minus 2.75% i.e, 9.25% |
| CR 7 to CR 10 |
BPLR minus 2.50% i.e, 9.50% |
| Post-Shipment Credit |
| a) On Demand Bills for transit period (as specified by FEDAI) |
CR 1 to CR 3 |
BPLR minus 3.00% i.e, 9.00% |
| CR 4 to CR 6 |
BPLR minus 2.75% i.e, 9.25% |
| CR 7 to CR 10 |
BPLR minus 2.50%i.e, 9.50% |
| (b) |
Against Usance bills upto notional due date or actual due date, whichever is earlier (for total period comprising of usance period of export bills, transit period as specified by FEDAI and grace period wherever applicable | |
|
|
| i) Upto 180 days from the date of advance |
CR 1 to CR 3 |
BPLR minus 3.00% i.e, 9.00% |
| CR 4 to CR 6 |
BPLR minus 2.75% i.e, 9.25% |
| CR 7 to CR 10 |
BPLR minus 2.50% i.e, 9.50% |
| c) Against incentives receivable from Govt. (covered by ECGC Guarantee) upto 90 days |
CR 1 to CR 3 |
BPLR minus 3.00% i.e, 9.00% |
| CR 4 to CR 6 |
BPLR minus 2.75% i.e, 9.25% |
| CR 7 to CR 10 |
BPLR minus 2.50% i.e, 9.50% |
| d) Against undrawn balance (upto 90 days) |
CR 1 to CR 3 |
BPLR minus 3.00% i.e, 9.00% |
| CR 4 to CR 6 |
BPLR minus 2.75% i.e, 9.25% |
| CR 7 to CR 10 |
BPLR minus 2.50% i.e, 9.50% |
| e) Against retention money (for supplies portion only) payable within one year from the date of shipment (upto 90 days) |
CR 1 to CR 3 |
BPLR minus 3.00% i.e, 9.00% |
| CR 4 to CR 6 |
BPLR minus 2.75% i.e, 9.25% |
| CR 7 to CR 10 |
BPLR minus 2.50% i.e, 9.50% |
| Export Credit Not Otherwise Specified (ECNOS)* |
| (a) |
Pre-Shipment Credit |
BPLR plus 3% i.e. 15.00% |
| (b) |
Post-Shipment Credit |
BPLR plus 3% i.e. 15.00% |
Interest Rates on Export Credit in Foreign Currency (w.e.f. 05.02.2009)
|
Rate of Interest |
| Pre shipment and Post shipment |
LIBOR plus 350 basis points |
Interest rates for Gold Card Holders
| Categories of Rupee Export Credit |
Credit Rating |
Rate of Interest |
| Pre-Shipment Credit |
| (a) Up to 270 days |
CR 1 to CR 3 |
BPLR minus 3.25% i.e, 8.75% |
| CR 4 to CR 6 |
BPLR minus 3.00% i.e, 9.00% |
| CR 7 to CR 10 |
NOT ELIGIBLE |
| Post-Shipment Credit |
| (a) Up to 365 days |
CR 1 to CR 3 |
BPLR minus 3.25% i.e, 8.75% |
| CR 4 to CR 6 |
BPLR minus 3.00% i.e, 9.00% |
| CR 7 to CR 10 |
NOT ELIGIBLE |
| Interest Rates On Exporters In Specified Sectors (Rupee Export Credit Interest Subvention Scheme Scheme of 2%) |
Specified Sectors
Textiles (including Handloom)
Handicrafts
Carpets
Leather
Gems and Jewellery
Marine Products
All Exporters from SME Sectors |
| (Pre-shipment Credit up to 270 days and Post shipment credit up to 180 days for above sectors) |
CR 1 to 3 (BPLR minus 5.00%) |
7.00% |
| CR 4 to 6 (BPLR minus 4.75%) |
7.25% |
| CR 7 to 10 (BPLR minus 4.50%) |
7.50% |
| Gold Card holders (Preshipment Credit up to 270 days and Post shipment credit up to 365 days) |
| CR 1 to 3 (BPLR minus 5.25%) (Minimum 7 %) |
7.00% |
| CR 4 to 6 (BPLR minus 5.00%) |
7.00% |
Penal Interest Rate : In the event of non-compliance with any of the terms or conditions of the sanction , penal interest upto a maximum of 2% over and above the contracted rate , will be charged to the borrower.
Maximum Interest Rate : Our maximum interest rate under any category of loan will not exceed BPLR + maximum spread of 3% + maximum penal interest of upto 2%. |
