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Interest Rate on Advances
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Interest Rate on Advances

A.
1. The Board has revised the PLR to 14.25% p.a. 
2. Interest Rate structure applicable to all Commercial exposure above Rs. 50.00 lacs (Exposure = O/s Bal. of existing Term Loans+undisbursed portion of Term Loan + the sanctioned or O/s limits of Working Capital Facilities whichever is higher + the sanctioned or O/s limits of non-funded limits whichever is higher will be as under:

Marks Scored in Credit Rating Rating Code Interest Rate applicable
90 and above PRIME PLR
80 to 89 A PLR + 0.50%
70 to 79 B PLR + 1.00%
55 to 69 C PLR + 2.00%
40 to 54 D PLR + 3.00%
Below 40 E PLR + 4.00%
3. The interest rate @ PLR -1% to all Small Business Loans including Loan under Swift Loan Scheme upto Rs. 50.00 lacs as approved by the Board of Directors, in their meeting held on 28.05.2011, will continue.
4. In case where the total credit exposure is exceeding the threshold limit of Rs. 50.00 lacs and the rating is not done, the interest rate applicable will PLR+2% (except in cases where lower interest rate has been specifically approved).
5. As regards advance under Property loan scheme and to Real Estate Sector the rate of interest @ PLR + 2% irrespective of the amount of advance, will continue (except in cases where lower interest rate has been specifically approved).

In view of the upward change in PLR, interest rates of all the commercial advances including advance under Gupt Dhan Yojana and Swift Loan scheme irrespective of the amount of limits enjoyed, will go up by 0.25% over the existing rate with effect from 16.08.2011.
For financing in Foreign Currency, rate of interest will be as per RBI Stipulations.
B. Interest on Advances under the Swift Credit Scheme 
PLR - 1.00% p.a.
C.  Interest on advances under Property loan scheme and Real estate -PLR -2.00%
D.  Interest on Advances against tangible Securities:
Category of Loans Rate of Interest
Loan against pledge of tangible securities viz. RBI Bonds, Bonds, NSCs, Units of UTI, LIC, IVP, etc.

11.00%
(PLR-3.25)

Loan against gold ornaments
11.00%
(PLR-3.25)
Rupee Export Credit Rates with effect from 01.11.2011
As on 03.10.2015, BPLR: 14.25 % p.a.
With the revision of BPLR of the Bank, the interest on export credit shall be automatically Revised upward/downward as case may be
Type General category
Pre-shipment credit
Upto 270 days or production cycle whichever is less BPLR minus 3.5 percentage points
Beyond 270 days from the date of advance and ECNOS BPLR plus 1.0 percentage points
Current a/c recovery BPLR plus 2.0 percentage points
Post shipment credit
On demand bills including Transit period. BPLR minus 3.5 percentage points
On usance bills.Upto 180 days. BPLR minus 3.5 percentage points
Overdue period beyond the due date but not exceeding 180 days . BPLR minus 2.5 percentage points
ECNOS and interest on overdue advance 
beyond 180 days from the date of advance.
BPLR plus 1.0 percentage points
Current account recovery BPLR plus 2 percentage points
EXPORT FINANCE IN FOREIGN CURRENCY w.e.f 23.07.2012
Type of Credit Interest Rate 
(Percent Per Annum)
(1.) Pre-shipment Credit
 (a)
Up to 180 days or actual production cycle whichever is lower
500 bps over 6Month LIBOR/EURIBOR  minimum of 5.50 % p.a.
 (b) Overdue interest  
An additional 2 % p.a. over the rate applicable above
 (2.) Post-shipment Credit
 (a)
On demand bills for transit period (as specified by FEDAI)
500 bps over 6Month LIBOR/ EURIBOR    minimum of 5.50% p.a.
 (b)
Against usance bills (credit for total period comprising usance period of export bills, transit period as specified by FEDAI and grace period wherever applicable) up to 180 days from the date of shipment.
500 bps over 6Month LIBOR/ EURIBOR   minimum of 5.50% p.a.
 (c)
Overdue interest
An additional 2.00% p.a. over the rate applicable above



Interest rates are applicable w.e.f. 23.07.2012 on fresh advances disbursals.  No additional charges should be levied.
Disbursement of Packing Credit and Post shipment credit in Foreign Currency is subject to availability of funds.
Saraswat-Bank
Saraswat-Bank