Revision of Interest Rate under Base Rate Regime wef. 01.01.2022

 Revision of Interest Rates of the Corporation wef.01.01.2022

  • Interest Rate Structure. The revised Interest Rate Structure wef. 01.01.2022 is as follows:

Sl No

Band
&
Credit Rating

Gold Card &
Band 1

≥75%

Band 2

≥65% and < 75%

Band 3

≥55% and < 65%

Band 4

≥45% and <55%

Effective rate after rebate*

(a)

MSME units

Hospitality (Classified Hotel without Bar/ Classified Resort without Bar/ Unclassified Hotels having a minimum of 10 Rooms/ Homestays (classified by Tourism Dept – GoK or Ministry of Tourism, GOI) Health Care sector (Hospital/ clinic/ etc.)

8%

8.5%

9.50%

10.50%

(b)

Hotels/ Resorts with Bar

9%

9.50%

10.50%

11.50%

(c)

Unclassified Hotels having less than 10 Rooms, Auditorium, Convention Centre, Lodge, Hostel, Kalyanamandapam, Godown, Warehouse, Quarry/ Metal Crushing units, Contractor loan (WEF & EFF)

9%

10%

11%

12%

(d)

Flat/ Apartment/ Villa/ Shopping Complex/ Mall/ Multiplex/ Cinema Theater/ Film/ Serial

10%

11%

12%

13%

(B) Business Strategy Discount (BSD). BSD shall be allowed to all sectors, on a case-to-case basis, subject to net interest rate not falling below BR.

(C) Rate of interest for loans under LoC Scheme for MSMEs. As per the credit rating of the unit. Additional 1% shall be charged for EBDS without security facility.

(D) Rate of interest for loans under LoC for Contractors. The rate of interest for the facilities under LoC for Contractors as follows:

Facilities

Revised rates

EBDS (without security)
11.50% (with 0.50% rebate); effective 11%
EBDS (with security)
10.50% (with 0.50% rebate); effective 10%
GBDS
9.50% (without rebate); effective 9.50%

 

(E) Special Working Capital Assistance Scheme (with security). “For existing customers, the prevailing rate of term loan plus 0.50% ABSP, subject to minimum gross interest of 9.50% pa (with rebate 0.50%) shall be charged”.