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MSE ADVANCES : INTEREST RATE LINKED WITH 1 YEAR MCLR
MCLR w.e.f. 01.12.2016 - 9.15%

SME Interest Rate - MCLR Linked | SME Interest Page1 | SME Interest Page2 | SME Interest Page3

 

A. Rate of Interest on MSE Segment
(I) Advance below Rs. 25.00 Lacs:

(Interest Rates in percent per annum)

 

Category: Credit Facility

WC & Term Loans
(Less than 3 Years)

Term Loans
(3 Years & above)

Upto Rs.50000/-

MCLR + 0.25 Effective 9.40

Above Rs.50,000/-& upto Rs.5.00 lacs

MCLR + 0.75 Effective 9.90

Above Rs.5.00 lac & upto Rs.10.00 lac

MCLR + 1.25 Effective 10.40

Above Rs.10.00 lac & below Rs.25 lac

MCLR + 2.75 Effective 11.90

MCLR + 3.00 Effective 12.15
 


(II) Advances Rs. 25.00 Lacs & Above:

(Interest Rates in percent per annum)

 

Category: Credit Facility

WC & Term Loans
(Less than 3 Years)

Term Loans
(3 Years & above)

SBBJ 1 & 2

MCLR + 2.00 Effective 11.15

MCLR + 2.25 Effective 11.40

SBBJ 3 to SBBJ 5

MCLR + 2.50 Effective 11.65

MCLR + 2.75 Effective 11.90

SBBJ 6 & SBBJ 7

MCLR + 3.00 Effective 12.15

MCLR + 3.25 Effective 12.40

SBBJ 8 & SBBJ 9

MCLR + 3.25 Effective 12.40

MCLR + 3.50 Effective 12.65

SBBJ 10

MCLR + 4.00 Effective 13.15

MCLR + 4.25 Effective 13.40

SBBJ 11 to SBBJ 16

MCLR + 6.00 Effective 15.15

MCLR + 6.50 Effective 15.65
 

B. Interest Rates for Other MSE Schemes:

 

Scheme

Rate of Interest

General Purpose Term Loan

Card Rates applicable for MSE advances from time to time

Laghu Udhyami Credit Card (LUCC)

Card Rates applicable for MSE advances from time to time

SBBJ Shoppee

Card Rates applicable for MSE advances from time to time

SBBJ Shree Shakti Package

0.50% below Card Rate applicable for MSE Loans

SME Saral Loans

MCLR + 1.75% Effective 10.90

SBBJ Marble Plus Loan Scheme

As per MSE Card Rates

SME Car Loan Scheme

At par with "P" Segment

Rice Mill Plus Scheme

100 basis points below the respective rates applicable to MSE (Mfg.)/ SSI only.(subject to int rate not below MCLR)

Finance against Warehouse Reciepts

1.00% above MCLR Effective 10.15

MSME Transport Operator Loan Scheme

(A) For Loans upto Rs.10 Lacs: As per MSE Card Rates

(B) For Loans above Rs. 10 Lac & below Rs.25 Lacs: 2.50% above MCLR (9.15) Effective 11.65


(C) For Advances Rs.25 Lacs and above:

CRA Rating For TL up to 7 Years & amount >Rs.25 Lacs & upto Rs.1.00 Crore For TL up to 7 Years & amount Rs.1 Crore >& upto Rs.2.00 Crore
SBBJ1 & 2 MCLR + 2.00% 11.15 MCLR + 2.25% 11.40
SBBJ3 to SBBJ5 MCLR + 2.50% 11.65 MCLR + 2.75% 11.90
SBBJ6 & 7 MCLR + 2.75% 11.90 MCLR + 3.25% 12.40
SBBJ8 & 9 MCLR + 3.00% 12.15 MCLR + 3.50% 12.65
SBBJ10 MCLR + 3.75% 12.90 MCLR + 4.25% 13.40
SBBJ11 to SBBJ16 MCLR + 6.00% 15.15 MCLR + 6.50% 15.65
Interest Rate Concession under Tie-up arrangement: 0.25% below the ROI mentioned above
SME Connect Loan Scheme
Credit Facility Collateral Coverage
>=100%
Collateral Coverage
>=75% and <100%
Collateral Coverage
>=50% and <75%
for > Rs.10 Lacs and < Rs.25 Lacs MCLR + 1.00% i.e. 10.15% MCLR + 1.25% i.e. 10.40% MCLR + 1.50% i.e. 10.65%
for Rs.25.00 Lacs & Above
SBBJ 1 to 4 MCLR + 1.00% i.e. 10.15% MCLR + 1.20% i.e. 10.35% MCLR + 1.45% i.e. 10.60%
SBBJ 5 - 7 MCLR + 1.25% i.e. 10.40% MCLR + 1.45% i.e. 10.60% MCLR + 1.70% i.e. 10.85%

Swarojgar Credit Card for Minority Communities

As per MSE Card Rates

Construction Equipment Loan Scheme

As per MSE Card Rates

Arthia Plus Scheme

As per card rate

SBBJ Professional Plus Loan Scheme

(i) Limit upto Rs.10.00 Lacs: As per MSE card rate
(ii) Limit above Rs.10.00 Lacs and below Rs.25.00 Lacs: 50bps concession from card rates (as applicable to MSE advances from time to time)

Electronic Dealer Finance Scheme (e-DFS)

Minimum 25% collateral

MCLR + 0.3

Nill collalteral

MCLR + 0.8

Mortgage Dealer Finance Scheme (M-DFS)

For level of sundry creditors upto 60 days

MCLR + 0.45

For level of sundry creditors above 60 days

MCLR + 0.75

POS linked overdraft Scheme

MCLR + 2.25 Effective 11.40

 
C. Rate of Interest where Collateral Security is 100% or more:
If there is 100% or more collateral (Realizable value) in the form of immovable property compared to total exposure (excluding advance against deposit), the ROI would be 25 basis points lower than rate stipulated in the respective category. This concession will not be available to the borrower under schematic loans viz SME Saral Loan Scheme, SBBJ Marble plus loan scheme, SBBJ SME Connect Loan Scheme, SME Transport Operator Loan Scheme, Construction Equipment Loan Scheme etc.

D. Concession to External Credit Rated (ECR) Borrowers:
MSE units which have been assigned SME credit risk Rating-SME 1 to SME 3 (on a Scale of SME-1 to SME-8) or Performance & Credit Rating for MSEs : SE 1A, SE 1B, SE 2A, SE 2B (On a Scale of SE-1A to SE-5C), by Bank’s approved Rating Agencies, are eligible to get concession in interest rate by 25 bps. These units would also get 0.25% concession in interest rate if there is more than 100% security (Realizable value) as collateral.

E. Advances under CGTMSE Scheme:
CGTMSE Cost: CGTMSE cost is being borne by the Bank for loans upto Rs.100 lac in Transport operators scheme and for loans and advances upto Rs.25 lac to other MSE borrowers.
CGTMSE Coverage: For advances covered under CGTMSE scheme, Maximum rate of Interest to be charged will be MCLR+ 4%.

 
 
 

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