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Interest Rates
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  BPLR of the Bank : 12.75%
  Base Rate : 8.25%
 

Advances granted against security of NSC / KVP / LIC Policy / RBI Relief Bonds:

Existing Rate under BPLR System Rate of Interest under Base Rate System
BPLR - 1.00% Base Rate + 3.00% i.e. 11.25%
 

A. Advances granted against security of Units of Mutual funds / Shares and Debentures/ Other approved Govt. Securities / Gold Ornaments:

Existing Rate under BPLR System Rate of Interest under Base Rate System
BPLR + 4% Base Rate + 8.00% (16.25%)

B. Advances against Money Market Mutual Funds (MMMF):

Existing Rate under BPLR System Rate of Interest under Base Rate System
BPLR + 2% Base Rate + 6.00% (14.25%)
 

Mahabank Housing Loan Scheme:

  Existing Rate under BPLR System Under Base Rate System
  Floating Option Floating Option
  Up to Rs. 30 lakh Above Rs. 30 lakh Up to Rs. 30 lakh Above Rs. 30 lakh
Up to and inclusive of 5 years BPLR -3.75% BPLR-3.25% Base Rate+0.25% (8.50%) Base Rate +0.75% (9.00%)
Above 5 years and up to and inclusive of 10 years BPLR-3.50% BPLR-2.75% Base Rate+0.50% (8.75%) Base Rate +1.25% (9.50%)
Above 10 years but below & inclusive of 20 years BPLR-3.25% BPLR-2.50% Base Rate +0.75% (9.00%) Base Rate +1.50% (9.75%)
  Fixed Option Fixed Option
  Up to Rs. 30 lakh Above Rs. 30 lakh Up to Rs. 30 lakh Above Rs. 30 lakh
Up to and inclusive of 5 years 9.50% 10.25% Base Rate+1.25% (9.50%) Base Rate +2.00% (10.25%)
Above 5 years and up to and inclusive of 10 years 10.00% 10.50% Base Rate +1.75% (10.00%) Base Rate +2.25% (10.50%)
Above 10 years but below & inclusive of 20 years - - - -
For Repairs & Renovation:      
  BPLR - 3.00% Base Rate + 1.00% (9.25%)
 

Mahabank Consumer Loan Scheme:

Existing Rates Rate of Interest under Base Rate System
13.50% Base Rate + 5.50% (13.75%)

Mahabank Vehicle Loan Scheme
Tenor Existing Rates Rate of Interest under Base Rate System
Repayment upto 3 years 9.75 % p.a. Base Rate + 1.75% (10.00%)
Repayment above 3 years 10.75 % p.a. Base Rate + 2.75% i.e. 11.00%
Second hand Vehicles irrespective of Tenor 13.25 % p.a. Base Rate + 5.25% i.e. 13.50%
 
 

Model Education Loan Scheme
   Loan Slab Existing Rate under BPLR System Rate of Interest under Base Rate System
Loan amount upto and inclusive of Rs.4.00 lakh BPLR-2.00%   Base Rate + 2.00% i.e. 10.25%
Loan amount above Rs.4.00 lakh BPLR-1.25%   Base Rate + 2.75% i.e. 11.00%
 

Mahabank Adhar Loan Scheme :

Existing Rate under BPLR System Rate of Interest under Base Rate System
BPLR-0.75% Base Rate + 3.25% i.e. 11.50%
 

Personal loan :

Existing Rates Rate of Interest under Base Rate System
14.00% Base Rate + 6.00% i.e. 14.25%
 

Mahabank Realty Finance Scheme:
Mahabank Realty Finance Scheme Existing Rate under BPLR System Rate of Interest underBase Rate System
Mahabank Realty Mortgage Scheme BPLR Base Rate + 4.00% i.e. 12.25%
Mahabank Realty Rental BPLR Base Rate + 4.00% i.e. 12.25%
 

Mahabank Salary Gain Scheme:
Existing Rate under BPLR System Rate of Interest under Base Rate System
BPLR+2% Base Rate + 6.00% i.e. 14.25%
 

Mahabank Financing to Trade & Service Scheme:

Secured against collateral security equal to 100% of sanctioned limit) Existing Rate under BPLR System Rate of Interest under Base Rate System

Up to and inclusive of Rs. 5.00 lakh

BPLR

Base Rate + 4.00% (12.25%)

Over Rs. 5.00 lakh and up to Rs. 25 lakh

BPLR + 0.50%

Base Rate + 4.50% (12.75%)

Over Rs. 25 lakh

BPLR + 1.50%

Base Rate + 5.50% (13.75%)

 

 

 

Secured against collateral security equal to 125% / 150% of sanctioned limit)

Existing Rate under BPLR System

Rate of Interest under

Base Rate System

Up to and inclusive of Rs. 5.00 lakh

BPLR

Base Rate + 4.00% (12.25%)

Over Rs. 5.00 lakh and up to Rs. 30 lakh

BPLR + 0.50%

Base Rate + 4.50% (12.75%)

 

Solar Water Heating Systems:

Particulars Existing Rate under BPLR System Rate of Interest under Base Rate System

Domestic users

BPLR + 0.25%

Base Rate + 4.25% (12.50%)

Institutional users

BPLR + 0.25%

Base Rate + 4.25% (12.50%)

Industrial / commercial users

BPLR + 0.25%

Base Rate + 4.25% (12.50%)

However, interest subsidy should be claimed as per extant rules.

 

Agricultural Advances:

Size of Advance Cash Credit / Working Capital Limits* / Term Loans
Existing Rate under BPLR System Rate of Interest under Base Rate System  

Up to Rs. 25000/-

BPLR – 3.00%

Base Rate+1.00% (9.25%)

Above Rs. 25000/-& up to Rs. 1 lakh

BPLR – 2.50%

Base Rate+1.50% (9.75%)

Above Rs. 1 lakh & up to Rs. 2 lakh

BPLR – 2.00%

Base Rate+2.00% (10.25%)

Above Rs. 2 lakh & up to Rs. 10 lakh

BPLR – 1.00%

Base Rate+3.00% (11.25%)

Above Rs. 10 lakh

BPLR

Base Rate+4.00% (12.25%)

*Short term production credit up to Rs. 3.00 lakh to Farmers (Interest subvention to be claimed separately)

7%

Base Rate -1.25% (7.00%)

 

The above rates applicable to Agricultural Advances will also apply to the following categories of advances:

i) Scheme for financing setting up of Agri. Clinics and Agri. Business Centre by Agricultural Graduates

ii) Mahabank Kisan Gold Credit Card

 

•  Advances to FSCS / PACS /LAMPS:

Size of Advance Existing Rate under BPLR System Rate of Interest under Base Rate System

Up to Rs. 25000/-

BPLR – 2.75%

Base Rate+1.25% (9.50%)

Above Rs. 25000/-

BPLR – 2.25%

Base Rate+1.75% (10.00%)

•  Advances to Self Help Groups (SHGs):

Particulars

Existing Rate under BPLR System Rate of Interest under Base Rate System

For single borrower

BPLR – 2.00%

Base Rate+2.00% (10.25%)

Federation / Group

BPLR – 2.50%

Base Rate+1.50% (9.75%)

 

Bills Discounted Under LC (Inland):

Applicable for fresh bills of Rs. 1.00 lakh and above

Residual Tenor of Bill

Existing Rate under BPLR System Rate of Interest under Base Rate System

Up to and inclusive of 90 days

7.25%

Base Rate (8.25%)

Above 90 days but up to and inclusive of 180 days

7.50%

Base Rate (8.25%)


Powers delegated to various authorities for considering deviation in interest rates on bill discounting under Inland L/C stand withdrawn as the rate of interest can not below the Base Rate

 

Rupee Export Credit:

A] Interest Rates on Rupee Export Credit for categories covered under RBI's Interest subvention scheme under Base Rate system:

  Existing Rate under BPLR System Rate of Interest under Base Rate System
Pre – Shipment Credit Up to 180 days Above 180 days and up to 270 days Up to 180 days Above 180 days and up to 270 days

Extended to Exporters engaged in the export of:

( i ) Handicrafts

( ii ) Carpets

( iii ) Handlooms

(iv ) Small & Medium Enterprises

BPLR – 4.75%

 

BPLR – 4.50%

 

Base Rate - 0.75% (7.50 %)

Base Rate - 0.50% (7.75 %)

Gold Card Holder exporters engaged in export of:

( I ) Handicrafts

( ii ) Carpets

( iii ) Handlooms

(iv) Small & Medium Enterprises

BPLR – 4.75%

 

BPLR – 4.50%

 

Base Rate - 0.75% (7.50 %)

Base Rate - 0.50% (7.75 %)

 

  Existing Rate under BPLR System Rate of Interest under Base Rate System
Post – Shipment Credit Up to 90 days Above 90 days and up to 180 days Up to 90 days

Above 90 days and up to 180 days

Extended to Exporters engaged in the export of:

( i ) Handicrafts

( ii ) Carpets

( iii ) Handlooms

(iv ) Small & Medium Enterprises

BPLR – 4.75%

 

BPLR – 4.50%

 

Base Rate - 0.75% (7.50 %)

Base Rate - 0.50% (7.75 %)

 

Up to 90 days

Above 90 days and up to 365 days

Up to 90 days

Above 90 days and up to 365 days

Gold Card Holder exporters engaged in export of:

(i) Handicrafts

(ii) Carpets

(iii) Handlooms

(iv) Small & Medium Enterprises

BPLR – 4.75%

 

BPLR – 4.50%

 

Base Rate - 0.75% (7.50 %)

Base Rate - 0.50% (7.75 %)

B] Normal Interest Rates on Rupee Export Credit applicable to all exporters other than those mentioned above where interest subvention is available under Base Rate System:

 

Existing Rate under BPLR System Rate of Interest under Base Rate System

 

Up to 180 days Above 180 days and up to 270 days Up to 180 days Above 180 days and up to 270 days
Pre – Shipment Credit BPLR – 2.75% BPLR – 2.50% Base Rate + 1.25% (9.50 %) Base Rate + 1.50% (9.75 %)
Pre – Shipment Credit extended to Gold Card Holder exporters BPLR – 2.75% BPLR – 2.50% Base Rate + 1.25% (9.50 %) Base Rate + 1.50% (9.75 %)

 

Up to 90 days Above 90 days and up to 180 days Up to 90 days Above 90 days and up to 180 days
Post – Shipment Credit BPLR – 2.75% BPLR – 2.50% Base Rate + 1.25% (9.50 %) Base Rate + 1.50% (9.75 %)

 

Up to 90 days Above 90 days and up to 365 days Up to 90 days Above 90 days and up to 365 days
Post – Shipment Credit extended to Gold Card Holder exporters BPLR – 2.75% BPLR – 2.50% Base Rate + 1.25% (9.50 %) Base Rate + 1.50% (9.75 %)
 

Micro, Small & Medium Enterprises (MSME):

Credit facilities (Working capital facilities with or without term loan) Existing Rates Rate of Interest under Base Rate System (Base Rate: 8.25%)

Up to Rs. 25 lakh

9.25%

Base Rate + 1.00% (9.25%)

Above 25 lakh and up to Rs. 1 crore

10.25%

Base Rate + 2.00% (10.25%)

Above 1 crore to 10 crore

11.25%

Base Rate + 3.00% (11.25%)

The above-mentioned fixed rate of interest will be applicable for new sanctions for first year and from second year onward rate of interest as per internal rating (CRR) as given below under 19.1 and 19.2 shall be applicable. For advances below Rs. 2.00 lakh, which are not subjected to credit risk rating (CRR), the chargeable rate of interest will be same as applied during the first year.

A] For working capital facilities with or without Term Loan component for Micro, Small & Medium Enterprises (MSME):

Rating (As per internal Credit Risk Rating)

 

 Existing Rate under BPLR System Rate of Interest under Base Rate System
Rate of Interest for units enjoying total fund based limits above Rs.10.00 crore Concessional Rate of Interest for Micro Enterprises Concessional Rate of Interest for Small & Medium Enterprises enjoying total fund based limits up to Rs.10.00 crore Rate of Interest for units enjoying total fund based limits above Rs.10.00 crore Concessional Rate of Interest for Micro Enterprises Concessional Rate of Interest for Small & Medium Enterprises enjoying total fund based limits up to Rs.10.00 crore
AAA BPLR-1.75% BPLR-2.75% BPLR-2.25% Base Rate +2.50% (10.75%) Base Rate +1.50% (9.75%) Base Rate +2.00% (10.25%)
AA BPLR-1.25% BPLR-2.25% BPLR-1.75% Base Rate +3.00% (11.25%) Base Rate +2.00% (10.25%) Base Rate +2.50% (10.75% )
A BPLR-0.75% BPLR-1.75% BPLR-1.25% Base Rate +3.50% (11.75%) Base Rate +2.50% (10.75%) Base Rate +3.00% (11.25%)
BBB BPLR-0.50% BPLR-1.50% BPLR-1.00% Base Rate +3.75% (12.00%) Base Rate +2.75% (11.00%) Base Rate +3.25% (11.50%)
BB BPLR-0.25% BPLR-1.25% BPLR-0.75% Base Rate +4.00% (12.25% ) Base Rate +3.00% (11.25%) Base Rate +3.50% (11.75%)
B BPLR+0.25% BPLR-0.75% BPLR-0.25% Base Rate +4.50% (12.75%) Base Rate +3.50% (11.75%) Base Rate +4.00% (12.25%)
C BPLR+0.75% BPLR-0.25% BPLR+0.25% Base Rate +5.00% (13.25%) Base Rate +4.00% (12.25%) Base Rate +4.50% (12.75%)

B] For Term Loans only for Micro, Small & Medium Enterprises (MSME):

Rating (As per internal Credit Risk Rating)

 

 Existing Rate under BPLR System Rate of Interest under Base Rate System
Rate of Interest for units enjoying total fund based limits above Rs.10.00 crore Concessional Rate of Interest for Micro Enterprises Concessional Rate of Interest for Small & Medium Enterprises enjoying total fund based limits up to Rs.10.00 crore Rate of Interest for units enjoying total fund based limits above Rs.10.00 crore Concessional Rate of Interest for Micro Enterprises Concessional Rate of Interest for Small & Medium Enterprises enjoying total fund based limits up to Rs.10.00 crore
AAA BPLR-1.25% BPLR-2.25% BPLR-1.75% Base Rate +3.00% (11.25%) Base Rate +2.00% (10.25%) Base Rate +2.50% (10.75%)
AA BPLR-0.75% BPLR-1.75% BPLR-1.25% Base Rate +3.50% (11.75%) Base Rate +2.50% (10.75%) Base Rate +3.00% (11.25%)
A BPLR-0.50% BPLR-1.50% BPLR-1.00% Base Rate +3.75% (12.00%) Base Rate +2.75% (11.00%) Base Rate +3.25% (11.50%)
BBB BPLR+0.25% BPLR-0.75% BPLR-0.25% Base Rate +4.50% (12.75%) Base Rate +3.50% (11.75%) Base Rate +4.00% (12.25%)
BB BPLR+0.75% BPLR-0.25% BPLR+0.25% Base Rate +5.00% (13.25%) Base Rate +4.00% (12.25%) Base Rate +4.50% (12.75%)
B & C BPLR+1.25% BPLR+0.25% BPLR+0.75% Base Rate +5.50% (13.75%) Base Rate +4.50% (12.75%) Base Rate +5.00% (13.25%)

Commercial Loans & Advances above Rs. 2.00 lakh (excluding the categories from Sr. No. 1 to 19) where it is essential to undertake internal credit risk rating (CRR) as per Risk Management Policy prescription and interest rate is linked to CRR.

 

Existing Rate under BPLR System Rate of Interest under Base Rate System
AAA BPLR Base Rate+4.00 (12.25%)
AA BPLR+0.50% Base Rate + 4.50% (12.75%)
A BPLR+1.25% Base Rate +5.25% (13.50%)
BBB BPLR+2.00% Base Rate +6.00% (14.25%)
BB BPLR+3.50% Base Rate +7.50% (15.75%)
B & C BPLR+4.00% Base Rate +8.00% (16.25%)

In case of Term Loans, additional Load factor (Tenor premium) as under is to be added to the above rates. Additional load factor (on Term Loans only and not on working capital facilities) as per residual tenor of term loan is as under:

 

Under BPLR System Under Base Rate System
Residual Tenor of the loan Additional Load Factor Additional Load Factor
Above 1 year and up to 3 years 25 bps 25 bps
Above 3 years and up to 5 years 50 bps 50 bps
Above 5 years and up to 7 years 75 bps 75 bps
Above 7 years 100 bps 100 bps
  This is subject to that the final rate of interest after additional load factor as above should not exceed the ceiling of BPLR + 4.00% as at present. This is subject to that the final rate of interest after additional load factor as above should not exceed 16.25%.
 
 
Last Update Date:31.08.10
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