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Interest Rates on Advances

MID/LARGE CORPORATE | RETAIL LOAN | PRIORITY SECTOR | SME | EXPORT CREDIT

Base Rate (per annum) w.e.f. 09.02.2013 10.25%

Our BPLR for all the existing accounts is 14.50% per annum w.e.f from 09.02.2013

Mid/Large Corporate Credit Facilities

Rate of interest for Mid/Large Corporate w.e.f 01.06.2013

Rating Rate of Interest
CR-1 Base Rate + 2.50%
CR-2 Base Rate + 2.75%
CR-3 Base Rate + 2.75%
CR-4 Base Rate + 3.25%
CR-5 Base Rate + 3.75%
CR-6 Base Rate + 4.25%
CR-7,8,9,10 Base Rate + 4.75%

Rate of interest on Bill Discounted under LC for all categories
Particulars

Rate of interest

1. When Bills Discounted are under Letter of Credit of our Bank/other prime Banks
a. Having contractual maturity from 1 to 90 days. 0.50% above Base Rate
b. Having contractual maturity from 91 to 180 days. 0.75% above Base Rate
c. Having contractual maturity more than 180 days upto 1 year(Our Bank's LC) 4.00% above Base Rate
d. Having contractual maturity more than 180 days upto 1 year (Other Bank's LC) 4.50% above Base Rate

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Retail Loans

Baroda Home Loan to Individuals / NRIs / PIOs
Fixed Rate option Not Available
Floating Rate option (for fresh sanctions and for existing accounts w.e.f. 01.06.2013)
Repayment Period Up to Rs. 30 Lacs Above Rs. 30 Lacs and below Rs. 75 Lacs 75 Lacs and above

Upto 5 years

Base Rate i.e. 10.25%

Base Rate i.e. 10.25%

Base Rate i.e. 10.25%

Over 5 years & up to 15 years

Base Rate i.e. 10.25%

Base Rate i.e. 10.25%

Base Rate i.e. 10.25%

Over 15 years & up to 30 yrs

Base Rate i.e. 10.25%

Base Rate i.e. 10.25%

Base Rate i.e. 10.25%



Baroda Home Improvement Loan
  • Base Rate + 2.50% i.e. 12.75%

  • Baroda Additional Assured Advance (AAA) (Resident / NRIs / PIOs)
  • Base Rate + 1.50%

  • Baroda Auto Loan

    Baroda Car Loan/ Baroda Car Loan to HNIs / Corporate w.e.f. 01.07.2013

    Repayment period upto 5 years

    Base Rate + 0.25% i.e. 10.50% p.a. at present (irrespective of tenure)

    Repayment period > 5 years



    Baroda Loan for Two Wheelers
  • Base Rate + 4.00%

  • Baroda Mortgage Loan (w.e.f 01.10.2013)
  • Base Rate + 3.25%

  • Baroda Ashray (Reverse Mortgage)
    Fixed Rate Option:

    Not Available

    Floating Rate Option

    Base Rate + 1.75%


    Baroda Traders Loan (irrespective of loan limit/OD/TL)
  • Base Rate + 3.00%

  • Traders Loan Against security of Gold ornaments / Jewellery
  • Base Rate + 3.00%

  • Baroda Loan to Doctors
    Upto Rs.2.00 lacs

    Base Rate + 3.00%

    Above Rs.2.00 lacs

    Base Rate + 2.50%


    Baroda Education Loan (w.e.f. 01.10.2013)
    Loans upto Rs.4.00 lacs Base Rate + 2.50%
    Loans above Rs.4.00 lacs and upto Rs 7.50 lacs
    Loans above Rs.7.50 lacs Base Rate + 1.75%
    Baroda Education Loan for Vocational Education & Training Base Rate + 2.00%

    **0.50% concession in ROI to Education Loans sanctioned for the benefit of girl student.

    ** Concession of 1.00% in ROI to students who have sought admission in premier institutions viz. IIMs, IITs, IIFT, AIIMS, AFMC, ISB, NITs, XLRI, MDI, SPJIMR, IISC, SPJIM irrespective of Loan amount.


    Baroda Career Development
  • Base Rate + 2.75%


  • Baroda Advance Against Securities
    A Against NSC/KVP

    Loan: Base Rate + 3.50% or 0.50% over NSC / KVP rate, whichever is higher
    Overdraft: Base Rate + 4.00% or 0.750% over NSC / KVP rate, whichever is higher

    B Life Insurance Policy / Relief Bonds

    Loan: Base Rate + 3.50%
    Overdraft: Base Rate + 4.00%

    C Baroda Advance against Gold Ornaments/ Jewelleries Base Rate + 3.00%

    Baroda Personal Loan

  • Base Rate + 4.50%
  • Except for following Purpose

  • Loan to Pensioners: Base Rate + 4.50%
  • Loan to Defence Pensioners: Base Rate + 4.50%
  • Loan for Earnest Money Deposit: Base Rate + 3.25%

  • Baroda Salary Advantage Savings Account
  • Base Rate + 5.50%

  • Baroda Loan Against Future Rent Receivables
  • Base Rate + 3.25%

  • Loan against Bank's own Deposit (LABOD) - For advances below Rs. 1 Crore (w.e.f 01.08.2013)

    Category Loan to depositor Loan to third party
    Domestic (Public) 1.00% over deposit rate 1% over deposit rate or 0.25% above Base Rate, whichever is higher.
    Senior Citizens 1.00% over deposit rate Not applicable

    # Maximum loan amount subject to current RBI/FEMA guidelines.

    Loan against Bank's own Deposit (LABOD) - For advances of Rs. 1 Crore and above(w.e.f 01.08.2013)

    Category Loan to depositor Loan to third party
    Domestic (Public) 1.00% over deposit rate 1.00% over deposit rate or 0.25% above Base Rate, whichever is higher.


    Loan against NRE Term Deposits:- (w.e.f. 03.09.2013)

    Sr No. Loans/Overdrafts Revised interest structure
    1 For Self 1.00% over the interest rate on NRE Term Deposit
    2 For Third Party 1.00% over the interest rate on NRE Term Deposit or Base Rate +0.25% whichever is higher

    Loan against FCNR (B) Deposits:- (w.e.f. 19.07.2010)

    Sr. No. Loans/Overdrafts interest structure
    1 For Self Base Rate plus 100 bps
    2 For Third Party

    (i) Up to Rs. 2 Lacs

    Base Rate plus 100 bps

    (ii) Above Rs. 2 Lacs

    (a) For Personal Purpose

    Base Rate plus 300 bps

    (b) For Business purposes

    Base Rate plus 400 bps



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    Priority Sector

    Sr. No. Parameter Interest rate (per annum) w.e.f. 01.08.2013
    1. Direct Agriculture (Production Credit & Investment Credit*)
    1.1 Limit up to Rs 3 lacs 7.00% p.a. (Fixed) : Subject to Govt. of India providing subvention to Bank on such advances.

    Otherwise as mentioned below :

    Base Rate i.e. 10.25% p.a.
    1.2

    Above Rs 3 lacs and
    less than Rs 25 lacs

    Base Rate+1.25% i.e. 11.50% p.a.

    1.3

    Rs 25 lacs and above

    Base Rate+2.00% i.e. 12.25% p.a.

    *Investment Credit will attract tenure premium as mentioned separately
    2 Indirect Agriculture/Other Priority Sector
    (Other than housing Loans, Retail Lending Products & MSE)
    2.1

    Loans up to Rs 3 lacs

    Base Rate+0.50% i.e. 10.75% p.a.

    2.2

    Above Rs 3 lacs and
    less than Rs 25 lacs

    Base Rate+1.50% i.e. 11.75% p.a.
    (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

    Rs 25 lacs and above.

    Ranging from Base Rate+1.50% i.e. 11.75% to Base Rate + 3.50% i.e. 13.75% p.a. for loans depending upon credit rating of individual borrower irrespective of the tenure as mentioned below.

    2.5.1: For Indirect Agriculture: Rs 25.00 lacs & above:
    2 CR 1

    Base Rate+1.50% i.e. 11.75% p.a. at present.

    2.1.1 CR 2

    Base Rate+1.75% i.e. 12.00% p.a. at present.

    2.1.2 CR 3

    Base Rate+2.00% i.e. 12.25% p.a. at present.

    2.1.3

    CR 4

    Base Rate+2.50% i.e. 12.75% p.a. at present.

    CR 5

    Base Rate+2.75% i.e. 13.00% p.a. at present.

    2.1.4 CR 6, 7, 8, 9 & 10

    Base Rate+3.25% i.e. 13.50% p.a. at present.

    2.1.4.1 For Other Priority Sector (For advances other than Agriculture/Retail/SME Banking) : Rs 25.00 lacs & above:
    2.1.4.1.1 CR 1 Base Rate+1.90% i.e. 12.15% p.a. at present.
    2.1.4.1.2 CR 2 Base Rate+2.25% i.e. 12.50% p.a. at present.
    2.1.4.1.3 CR 3 Base Rate+2.25% i.e. 12.50% p.a. at present.
    2.1.4.1.4 CR 4 Base Rate+2.75% i.e. 13.00% p.a. at present.
    2.1.4.1.5 CR 5 Base Rate+3.00% i.e. 13.25% p.a. at present.
    2.1.4.1.6 CR 6, 7, 8, 9 & 10 Base Rate+3.50% i.e. 13.75% p.a. at present.
    3 Advances to special category of borrowers/activities/purposes:
    Sr.No.

    Parameter

    Interest Rates

    3.1 Finance to PACS/ FSS/ LAMPS for on lending to farmers irrespective of loan limit / purpose. 7.00% p.a. (Fixed) *Subject to Govt. of India providing subvention to Banks on such advances.
    Otherwise, rate will be:
    Base Rate+0.50% i.e. 10.75% p. a.
    3.2 Finance to SHGs/JLGs
    • Upto Rs 3 lacs as applicable to Agriculture / Other Priority Sector advances as the case may be.

    Above Rs 3 lacs - Base Rate+1.00% i.e. 11.25% p. a.

    3.3

    Advances for construction of Godowns designed to store agriculture produce / products

    Base Rate+0.50% i.e. 10.75% p.a.

    3.4.1

    Advances against warehouse receipts to farmers up to Rs 50.00 lacs @

    Base Rate+1.00% i.e. 11.25% p.a.

    3.4.2

    Advances against ware house receipts to other than farmers @

    Base Rate+2.00% i.e. 12.25% p. a

    3.5

    Loans for purchase of four wheelers to farmers

    Rate of interest applicable for Baroda car Loan minus 0.25% subject to minimum ROI of Base Rate

    3.6

    Financing construction
    of farm house cum dwelling unit to farmers

    Rate of interest applicable for housing loan scheme of our Bank.

    3.7

    Advances for construction & running of cold storages designed to store agriculture produce/ products

    Base Rate+2.00% i.e. 12.25% p.a.

    3.8

    Advances for poultry units

    Base Rate+1.00% i.e.,11.25% p.a.

    @ Concession of 0.25% is allowed for negotiable warehouse receipt.

    Tenure Premium to be introduced for term loans as under :

    Sr No

    Period of Term Loan

    Tenure Premium

    1 Less than 3 years Nil
    2 3 Years & above and up to 5 years 0.10%
    3 Above 5 years & up to 7 years 0.15%
    4 Above 7 years & up to 10 years 0.20%
    5 Above 10 years 1.00%


    *3.1.4 & 3.1.4.2 For advances against ware house receipt: Concession of 0.25% in rate of interest is allowed for advances against negotiable warehouse receipt irrespective of the category of borrower.

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    Interest rates applicable for domestic credit (Micro, Small & Medium Enterprises) w.e.f 01.06.2013

    Micro / Small Enterprises


    For limits up to Rs. 25/- lacs (REGULATORY)


    Limits Micro Enterprises Small Enterprises Medium Enterprises
    Up to Rs. 50000/- Base Rate Base Rate + 0.50% ---
    Above Rs. 50000/-to 2.00 lacs Base Rate + 0.50% Base Rate + 1% ---
    Above Rs.2.00 Lacs to Rs.10.00 Lacs Base Rate + 1.00% Base Rate + 1.25%
    Above Rs. 10.00 lacs to less than Rs. 25.00 lacs Base Rate + 1.25% Base Rate + 1.75% Base Rate + 2.00%

    New Band introduced for loans above Rs.2.00 lacs up to Rs.10.00 lacs.

    For limits of RS. 25.00 lacs and above (REGULATORY) Spread over Base Rate as under.

    Composite Rating Micro Enterprises ROI in % Small Enterprises ROI in % Medium Enterprises ROI in %
    CR1 Base Rate +1.40 % Base Rate +1.90 % Base Rate +2.15 %
    CR2 Base Rate +1.75 % Base Rate +2.25 % Base Rate +2.40 %
    CR3 Base Rate +2.00 % Base Rate +2.25 % Base Rate +2.40 %
    CR4 Base Rate +2.50 % Base Rate +2.75 % Base Rate +2.90 %
    CR5 Base Rate +2.75 % Base Rate +3.00 % Base Rate +3.25 %
    CR6 & below Base Rate +3.25 % Base Rate +3.50 % Base Rate +3.75 %

    It has been decide to charge Tenor premium in respect of Term Loans as under,

    Tenor Premium
    Less than 3 years Nil
    Above 3 years and up to 5years 0.10%
    Above 5 years and up to 7years 0.15%
    Above 7 years and up to 10 years 0.20%
    Above 10 years 1.00%

    Rate of interest on Non Regulatory/SME EXPANDED Spread over Base Rate as under:

    Composite Rating Non Regulatory /SME EXPANDED ROI in %
    CR1 Base Rate +2.25 %
    CR2 Base Rate +2.50 %
    CR3 Base Rate +2.50 %
    CR4 Base Rate +3.00 %
    CR5 Base Rate +3.50 %
    CR6 Base Rate +4.00 %
    CR7 & below Base Rate +4.50 %

    Tenor premium as stated above

    1. RATE OF INTEREST ON SME PRODUCTS WHERE SPECIFIC RATES OF INTEREST ARE PRESCRIBED :

    In case of other SME products and Area specific schemes will be covered by respective circulars on the said products.

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    Export Credit - (Interest rates w.e.f 01.05.2012)

    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

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    (b) Against incentives receivable from Govt. (Covered by ECGC guarantee) upto 90 days. CR 1 to CR 3

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    Post-Shipment Credit
    a) On Demand Bills for transit period (as specified by FEDAI) CR 1 to CR 3

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    (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

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    c) Against incentives receivable from Govt. (covered by ECGC Guarantee) upto 90 days CR 1 to CR 3

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    d) Against undrawn balance (upto 90 days) CR 1 to CR 3

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    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

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    Export Credit Not Otherwise Specified (ECNOS)*
    (a) Pre-Shipment Credit

    7.00% above Base Rate

    (b) Post-Shipment Credit

    7.00% above Base Rate

    Interest Rates on Export Credit in Foreign Currency (W.E.F. 16.11.2011)

    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

    0.75% above Base Rate

    CR 4 to CR 6

    1.00% above Base Rate

    CR 7 to CR 10

    NOT ELIGIBLE

    Post-Shipment Credit
    (a) Up to 365 days CR 1 to CR 3

    0.75% above Base Rate

    CR 4 to CR 6

    1.00% above Base Rate

    CR 7 to CR 10

    NOT ELIGIBLE

    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

    Click for Interest Rates on Deposits

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