Interest Rates |
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Interest
Rate Chart on Advances |
| Benchmark PLR - 12.25% |
| Effective Date - 06/07/09 |
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Loan Against term deposit - 1% over rate of interest on term deposit; For Cash Credit against deposits - 1.3% over rate of interest on term deposit. |
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Interest Rates On Mahabank Platinum Housing Loans Festive Offer Valid w.e.f 16.09.2009 to 31.03.2010
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| Loan amount |
Y1 |
Y2 |
Y3 |
Y4 |
Y5 |
Reset at the end of 5th year |
| Loans upto Rs.30.00 lakh |
8.00 |
8.00 |
8.50 |
9.50 |
9.75 |
BPLR – 2.50%, minimum 9.75% p.a. |
| Above Rs.30.00 lakh |
8.25 |
8.25 |
9.00 |
9.75 |
9.75 |
BPLR – 2.25%, minimum 10.00% p.a. |
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Housing Loans under Mahabank Housing Loan Scheme: |
|
Tenor |
Fixed/ Floating P.A. |
Upto and inclusive of 5 years |
Above 5 years and Upto and inclusive of 10 years |
Above 10 years but below & inclusive of 20 years |
| Sanctioned Loan amount upto Rs.30.00 lakh. |
Floating |
BPLR-3.50% 8.75% |
BPLR-3.25% 9.00% |
BPLR-3.00% 9.25% |
| Fixed |
10.50% |
11.00% |
-- |
| Sanctioned Loan amount above Rs.30.00 lakh. |
Floating |
BPLR-3.25% 9.00% |
BPLR-2.75% 9.50% |
BPLR-2.50% 9.75% |
| Fixed |
10.75% |
11.50% |
-- |
For Repairs and renovation: BPLR-3.25% i.e. 9.00% p.a. |
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Mahabank Consumer Loan Scheme: 13.50% (w.e.f. 06.07.09) |
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Mahabank Vehicle Loan Scheme |
| TENOR |
ROI |
| Upto 3 years |
10.75 % p.a. |
| Above 3 years |
11.25 % p.a. |
| Second hand Vehicles |
13.25 % p.a. |
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FESTIVE OFFER ON FOUR WHEELER VEHICLE LOANS
Vehicle loans sanctioned on or after 14th October 2009 and upto to
31.03.2010
Repayment for first 3 yrs – 9.50% only(Fixed)
Repayment above 3 years – BPLR – 1.5% (PRESENTLY 10.75% p.a.)
Amount of Loan - 85% of the cost of the vehicle, subject to ceilings of Rs
10.00 lakhs. |
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Model Education Loan Scheme |
| Loan Slab |
Rate of Interest |
| Loan amount upto and inclusive of Rs.4.00 lakh |
BPLR-2.00% i.e. 10.25% p.a. |
| Loan amount above Rs.4.00 lakh |
BPLR-1.25% i.e. 11.00% p.a. |
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Mahabank Adhar Loan Scheme : BPLR-0.75% i.e. 11.50% |
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Personal loan : 14.00% (w.e.f. 06.07.09) |
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Micro, Small & Medium Enterprises (MSME ) : |
| The size wise rate of interest applicable for the entrepreneur(s) for the first year of operations with the Bank. |
| Size of Advance |
Rate of Interest for units enjoying total fund based limits above Rs.10.00 crores |
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Concessional ROI
For Small & Medium Enterprises enjoying total fund based limits upto Rs.10.00 crores |
| Up to Rs.50000/- |
- |
BPLR–3.00% i.e.9.25% |
BPLR–2.50% i.e.9.75% |
| Above Rs.50000 and upto Rs.2.00 lakh |
- |
BPLR–2.50% i.e.9.75% |
BPLR–2.00% i.e.10.25% |
| Above Rs.2.00 lakh and upto Rs.25.00 lakh |
- |
BPLR–1.75% i.e.10.50% |
BPLR–1.25% i.e.11.00% |
| Above Rs.25.00 lakh and upto Rs.1.00 crore. |
- |
BPLR–1.00% i.e.11.25 % |
BPLR–0.50% i.e.11.75% |
Above Rs.1 crore upto Rs. 10.00 crores Above Rs. 10.00 Crores |
- |
BPLR
i.e.12.25% |
BPLR+0.50% i.e.12.75% |
Above Rs.1 crore upto Rs. 10.00 crores Above Rs. 10.00 Crores |
BPLR+1.000% 13.25% |
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| Rate of Interest according to Risk Based Pricing. |
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| For working capital facilities with or without Term Loan component : |
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| Risk Grade as per CRRF |
Rate of Interest for units enjoying total fund based limits above Rs.10.00 crores |
Concessional ROI
For Micro Enterprises |
Concessional ROI
For Small & Medium Enterprises enjoying total fund based limits upto Rs.10.00 crores |
| AAA |
BPLR–1.75% i.e.10.5% |
BPLR–2.75% i.e.9.50% |
BPLR–2.25%
i.e.10.00 % |
| AA |
BPLR–1.25% i.e.11.00% |
BPLR –2.25% i.e.10.00% |
BPLR–1.75% i.e.10.50% |
| A |
BPLR–0.75% i.e.11.00% |
BPLR–1.75% i.e.10.50% |
BPLR–1.25% i.e.11.00% |
| BBB |
BPLR–0.50% i.e.11.75% |
BPLR–1.50% i.e.11.75% |
BPLR–1.00% i.e.11.25% |
BB |
BPLR–0.25% i.e.12.00% |
BPLR–1.25% i.e.11.00% |
BPLR–0.75% i.e.11.50% |
| B |
BPLR+0.25% i.e.12.50% |
BPLR–0.75% i.e.11.50% |
BPLR–0.25% i.e.12.00% |
| C |
BPLR+0.75% i.e.13.00% |
BPLR–0.25% i.e.12.00% |
BPLR+0.25% i.e.12.50% |
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| For Term Loans only: |
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| Risk Grade as per CRRF |
Rate of Interest for units enjoying total fund based limits above Rs.10.00 crores |
Concessional ROI
For Micro Enterprises |
Concessional ROI
For Small & Medium Enterprises enjoying total fund based limits upto Rs.10.00 crores |
AAA |
BPLR–1.25% i.e.11.00% |
BPLR–2.25% i.e.10.00% |
BPLR–1.75% i.e.10.50% |
| AA |
BPLR–0.75% i.e.11.50% |
BPLR–1.75% i.e.10.50% |
BPLR–1.25% i.e.11.00% |
| A |
BPLR–0.50% i.e.11.75% |
BPLR–1.50% i.e.10.75% |
BPLR–1.00% i.e.11.25% |
| BBB |
BPLR+0.25% i.e.12.50% |
BPLR–0.75% i.e.11.50% |
BPLR–0.25% i.e.12.00% |
BB |
BPLR+0.75% i.e.13.00% |
BPLR –0.25% i.e.12.00% |
BPLR+0.25% i.e.12.50% |
| B & C |
BPLR+1.25% i.e.13.50% |
BPLR+0.25% i.e.12.50% |
BPLR+0.75% i.e.13.00% |
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| Last Update Date:28.10.09 |
