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Annexure - I
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ABHYUDAYA CO-OP. BANK LTD.
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Rate of Interest (Floating) on Credit Facilities w.e.f. 16.02.2024.
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Prime Lending Rate (PLR) –12.25%
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Sr.
No.
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Types of facility
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Linkage to PLR
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Rate of Interest (%) p.a.
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I
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Surety Loans/SDL (Upto Rs. 5.00 Lakh)
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Existing as well as New
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a)
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General
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PLR + 1.00
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13.25
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b)
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Surety Loans with confirmed ECS/NACH or SDL and
Groups loans
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PLR + 0.50
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12.75
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c)
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Surety Loans sanctioned as per CR No.319 dated 04.08.2023
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PLR - 2.00
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10.25
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II
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Gold loans :
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Existing as well as New
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a)
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Gold Loan
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PLR – 3.55
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8.70
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b)
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Gold Loan with Bullet Repayment option
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PLR – 3.55
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8.70
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c)
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SOD against Gold Ornaments
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PLR – 3.00
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9.25
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III
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Existing as well as New
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PLR – 1.00
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11.25
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Secured Overdraft (SOD) & Loans against securities like NSCs/LIC/KVP
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IV
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Bill Discounting under L/C (Inland) (One Time/Limit)
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Existing as well as New
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a)
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Tenure of Bills upto 90 days
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PLR – 3.00
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9.25
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b)
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Tenure of Bills above 90 days
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PLR – 2.50
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9.75
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V
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Mortgage Loans :
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All existing Loans
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PLR + 1.50
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13.75
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New (sanctioned as per CR No. 286)
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PLR - 1.00
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11.25
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VI
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RentSecuritisationLoans
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PLR - 0.50
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11.75
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All existing Loans
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VII
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Premises Loans :
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PLR - 0.50
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11.75
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All existing Loans
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(i.e. Loans & Advances granted to the Lessor of our Branch Premises)
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VIII
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Udyog Vikas Loans
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PLR – 1.50
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10.75
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With100%collateral security
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Existing as well as New
(8.75% fixed for one year as per CR No.307 dated 05.09.2022)
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PLR – 0.50
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11.75
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Lessthan100%collateral security
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IX
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Surya Shakti Loans - Existing as well as New
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PLR – 2.50
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9.75
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X
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Loans & Advances to Educational Institutions
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PLR – 0.50
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11.75
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Existing as well as New
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XI
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Housing Loans
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i)
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Existing (sanctioned upto 30.11.2022)
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a)
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Housing loan upto Rs.35.00 Lakh
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PLR - 4.00
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8.25
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b)
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Housing Loan above Rs.35.00 Lakh and upto
Rs.70.00 Lakh
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PLR - 3.90
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8.35
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c)
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Housing Loan above Rs.70.00 Lakh
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PLR - 3.80
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8.45
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ii)
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Existing (sanctioned from 01.12.2022) as well as new
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a)
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Housing loan upto Rs.35.00 Lakh
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PLR - 3.40
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8.85
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b)
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Housing Loan above Rs.35.00 Lakh and upto Rs.70.00 Lakh
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PLR - 3.30
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8.95
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c)
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Housing Loan above Rs.70.00 Lakh
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PLR - 2.50
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9.75
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XII
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All existing as well as New Loans (covered under mortgage)
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a)
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For House Repair/Renovation/Alteration
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PLR - 1.00
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11.25
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b)
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Repair/Renovation of shop/Gala
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PLR – 0.50
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11.75
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XIII
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Existing as well as New
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PLR-0.50
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11.75
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i) The accounts eligible for Credit Rating,
rate of interest is fixed only for one year.
After one year, rate of interest will be based
on Credit Rating.
ii) For non-Credit Rating accounts, these
rates will be PLR linked.
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Cash Credit/DBD/SBD/Channel Credit/ RCL facilities (Combined) and Secured Loans including Business Loan
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Sr.
No.
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Types of facility
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Linkage to PLR
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Rate of Interest (%) p.a.
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XIV
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All existing Loans
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a)
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SOD against Immovable Properties upto and including Rs.25.00 Lakh to individuals/self- employed persons/ professionals /Business Persons for business purpose
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PLR + 1.50
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13.75
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XV
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A]
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Education Loans including Vidya Vardhini Scheme
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i) Education Loans Maximum Limit
Studies in India – Rs.10.00 Lakh Studies Abroad – Rs.20.00 Lakh
ii) Abhyudaya Vidya Vardhini Scheme:
Studies in India :
Above Rs. 10.00 Lakh & maximum up to Rs. 25.00 Lakh
Studies Abroad :
Above Rs. 20.00 Lakh & maximum up to Rs. 50.00 Lakh
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Existing as well as New
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a)
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Upto Rs. 20.00 Lakh
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PLR – 1.50
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10.75
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b)
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Above Rs. 20.00 Lakh upto Rs.50.00 Lakh
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PLR - 1.00
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11.25
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Concession for Female Student- 0.50%
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XVI
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Existing as well as New Vehicle Loans
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In respect of loan for purchase of Vehicle/s by a Tourist Vehicle Operator firm/co enjoying CC facility, ROI will be applicable as per point 'c'.
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a)
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All Private Four Wheeler (new and second-hand) Car and Two Wheeler Loans
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PLR - 3.00
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9.25
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b)
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All other Vehicle Loans including Auto Rickshaw/Taxi/ School Van/ Bus (New and Second hand) / Commercial Vehicle
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PLR - 2.00
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10.25
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c)
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Cash Credit Limit to Tourist Vehicle Operator firm/co.
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PLR – 1.50
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10.75
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d)
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Two and Four Wheeler Electric Vehicle Loan as per CR No.322 dated 18.10.2023
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PLR - 3.50
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8.75
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XVII
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Existing as well as New
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PLR - 1.50
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10.75
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Secured loans to professionals including medical practitioners
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XVIII
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Existing as well as New
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PLR – 1.50
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10.75
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Paper & Stationery Traders at Fort Branch
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XIX
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Existing as well as New
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PLR – 1.50
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10.75
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Textile Manufacturers and Traders
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XX
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Existing as well as New
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a)
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Builders & Developers (Existing)
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PLR + 1.50
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13.75
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b)
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Civil Contractors
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PLR + 0.50
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12.75
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XXI
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Existing as well as New
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PLR + 5.00
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17.25
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a)
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Forced loan on account of invoked Bank Guarantee
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b)
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Forced Loan under L/C (Devolvement)
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XXII
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a)
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Discounting /Purchase of cheques
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PLR + 1.50
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13.75
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b)
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Drawal Against cheques deposited in clearing,
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c)
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Cheque Discounting/Purchase of Cheques & Drawal against cheques deposited in clearing
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XXIII
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Udupi Region Branches and Kankavali Branch
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Cash Credit/SODIMP & all types of Secured Loans:-
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a)
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Upto Rs. 100.00 Lakh
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PLR - 1.50
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10.75
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For existing and new/ takeover CC and Secured Loan accounts.
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b)
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Above Rs. 100.00 Lakh and upto Rs. 500.00 Lakh
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PLR-0.50
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11.75
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XXIV
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a)
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Loan/OD against own FDR
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1% above Deposit Rate
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Third Party Deposit Receipt will not be considered under sublimit for CC limit
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b)
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Loan /OD against Third party FDR
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2% above Deposit Rate
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XXV
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Interest Rate as per Credit Rating :-
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CreditRating Grade
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Marks
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(%) p.a.
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Mark-up
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Applicable ROI
as per Grade
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AAA
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Above 85
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PLR-0.50
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11.75
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AA
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81 to 85
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PLR-0.25
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12.00
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A
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76 to 80
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PLR
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12.25
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BBB
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71 to 75
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PLR+0.50
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12.75
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BB
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66 to 70
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PLR+1.00
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13.25
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B
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61 to 65
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PLR+1.50
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13.75
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C
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Up to 60
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PLR+2.00
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14.25
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