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RLLR LINKED INTEREST RATES ON LOANS UNDER MSME LENDING

RLLR LINKED INTEREST RATES ON LOANS UNDER MSME LENDING

 

MICRO, SMALL & MEDIUM ENTERPRISES (MSME) RATE OF INTEREST ON RUPEE LOANS/ADVANCES –CREDIT RISK PREMIUM (CRP) OVER RLLR
For loans repayable more than 1 year upto 5 years and more than 5 years, the liquidity premium to be loaded to the Card rates additionally, as given below:


Repayable > 1 year upto 5 years

0.40%

Repayable > 5 years

0.85%

1.Exposure above Rs.5.00 Crores
a. Externally rated Accounts
MSMEs (Manufacturing / Services) - Exposures > .5 Crore (Other than NBFCs, Commercial Real Estate, Capital Market exposures)

Rating Grade

CRP over RLLR

AAA or Equivalent

1.90

AA or Equivalent

2.10

A or Equivalent

2.60

BBB or Equivalent

2.80

BB or Equivalent

3.60

B or Equivalent

4.80

C&D or Equivalent

6.00

b. Externally unrated Accounts and rated internally.


RISK RATING

CRP OVER RLLR
% of Value of immovable property/approved collaterals in proportion to the exposure

 

Upto 50%

51% - 75%

76% - 100%

>100%

LR1

2.10

2.00

1.80

1.55

LR2

2.20

2.10

1.90

1.65

LR3

2.70

2.60

2.40

2.15

NR

3.00

2.85

2.65

2.40

MR

3.25

3.10

2.90

2.65

HR1

5.00

4.80

4.60

4.35

HR2 & HR3

6.00

5.80

5.60

5.35

Exposure above Rs. 5 Crore externally unrated, an additional interest of 0.25% shall be charged till such time external rating is obtained by the entity.

2. Exposures above Rs. 2 Crore and upto Rs.5 Crore, Rated Internally Under Ram Model.


RISK RATING

CRP OVER RLLR
% of Value of immovable property/approved collaterals in proportion to the exposure

 

Upto 50%

51% - 75%

76% - 100%

>100%

LR1

2.10

2.00

1.80

1.55

LR2

2.20

2.10

1.90

1.65

LR3

2.70

2.60

2.40

2.15

NR

3.00

2.85

2.65

2.40

MR

3.25

3.10

2.90

2.65

HR1

5.00

4.80

4.60

4.35

HR2 & HR3

6.00

5.80

5.60

5.35

3. Exposure above Rs.2 lakhs upto Rs.2 crore for both MSME Manufacturing & Services.
Concession of 0.25% in applicable rate of Interest in CGTMSE covered accounts up to an exposure of Rs.100lakhs is available, subject to the condition that the ultimate interest rate shall not fall below RLLR.
a.For Exposures above 2 lakhs upto .1 Crore


Internal Risk Rating Grade

CRP over RLLR

I,II,III

1.65

IV

2.25

V

2.90

VI

3.90

VII & VIII

5.75

  

b.For exposures above Rs.1 Crore upto Rs.2 Crore

RATING GRADE

% of Value of immovable property/approved
collaterals in proportion to the exposure

 

Upto 50%

51% - 75%

76% - 100%

>100%

 

CRP over RLLR

CRP over RLLR

CRP over RLLR

CRP over RLLR

LR3

2.70

2.60

2.40

2.15

NR  

3.00

2.85

2.65

2.40

MR

3.25

3.10

2.90

2.65

HR1

5.00

4.80

4.60

4.35

HR2 & HR3

6.00

5.80

5.60

5.35

Note: A reduction of 0.50% in the applicable rate of interest on loans and advances to Women Entrepreneurs under Micro & Small Enterprises (both manufacturing & services) to be extended to new loans.

4.ROI on Loans and Advances upto Rs.2 lakhs
Concession of 0.25% in applicable rate of Interest in CGTMSE covered accounts up to an exposure of Rs.100lakhs is available, subject to the condition that the ultimate interest rate shall not fall below RLLR.
a. MSME MANUFACTURING

 

Working Capital / STL

Term Loan

 

CRP over RLLR

CRP over RLLR

 

Micro & Small

Medium

Micro & Small

Medium

a. Upto Rs.50,000/-

1.05

1.05

1.30

1.30

b. Above Rs.50,000/- upto Rs.2 lac

1.05

1.05

1.55

1.55

         

 

b. MSME SERVICES

 

Working Capital / STL

Term Loan

 

CRP over RLLR

CRP over RLLR

 

Micro & Small

Medium

Micro & Small

Medium

a. Upto Rs.50,000/-

1.05

1.05

1.30

1.30

b. Above Rs.50,000/- upto Rs.2 lac

1.05

1.05

1.55

1.55


5.Other Segments
a.BE- MSME (Irrespective of the limit):
                                                                                    .

Description

CRP over RLLR

a. Bills up to 90 days Usance

0.45

b. Bills above 90 days up to 180 days

0.85

 

 

b.MSME SCHEMES :

i. DOCTOR'S CHOICE


Term loan : (MSME-Services)

Risk Rating

Low Risk

Normal Risk

Moderate Risk

 

CRP over RLLR

CRP over RLLR

CRP over RLLR

Upto Rs.2 lakh

1.55

1.55

1.55

Above Rs.2 lakh to Rs.5 Crore

1.55

2.05

2.30

 

 

Working capital: (MSME-Services)

Risk Rating

Low Risk

Normal Risk

Moderate Risk

 

CRP over RLLR

CRP over RLLR

CRP over RLLR

Upto Rs.2 lakh

1.05

1.05

1.05

Above Rs.2 lakh to Rs.5 Crore

1.05

1.80

2.05

Note: Following interest concession may also be extended subject to ULTIMATE RATE OF INTEREST NOT FALLING BELOW THE RESPECTIVE RLLR:
a. 0.50% concession applicable to Women.
b. 0.25% concession in case of accounts covered under Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE).

ii.OTHER MSME SCHEMES


Sl
No

Scheme Name

CRP over RLLR

1

Canara Trade

2.65

2.

Traders loan
Upto Rs.2 lakh
Above Rs.2 lakh

 

4.40
5.65

3.

Canara MSE Unnati

1.65

 

Note:Interest concessions as under may be extended subject to ultimate rate of interest not falling below respective RLLR.
a) 0.50% on loans/ advances to Women Entrepreneurs
b) 0.25% on loans/advances covered under CGTMSE

4.

 

 

 

Canara MSE Smart

 

Upto 50 Lakhs

 

Low and Normal Risk

1.65

Moderate Risk

1.90

Above 50 Lakhs

 

Low and Normal Risk

1.90

Moderate Risk

2.15

 

Note :The following Interest concessions shall be extended subject to ultimate rate of interest not falling below respective RLLR.
a) 0.50% concession to Women beneficiaries
b) 0.25% concession to CGMSE covered accounts

5.

MSME Vahan

0.90

 

 

Note :0.25% concession to CGTMSE covered accounts and 0.50% concession for women entrepreneurs are NOT available under the scheme.

6.

 

MSE Vijeta- Model II

 

Low and Normal Risk

1.40

Moderate Risk

1.65

 

0.25% Concession to be extended for CGMSE covered accounts

7.

 

 

Canara MSME CAP

 

 

 

Working Capital

Term Loan

Low and Normal

1.65

1.65

Moderate

2.40

2.40

 

Note:0.50% concession to Women entrepreneurs NOT to be extended under this scheme.

8.

Canara GST

CRP over RLLR

 

Collateral security value 100% and above and Low Risk

1.10

 

Collateral security value 100% and above and Normal Risk

1.35

Collateral security value 100% and above and Moderate Risk

1.60

Collateral security value 75%-99% and Low Risk

1.35

Collateral security value 75%-99% and Normal Risk

1.60

9.

Canara Contractor Scheme

ROI as per specific scoring model for the Scheme.

10.

Canara Caravan

ROI as per specific scoring model for the Scheme.

11.

OTHERS

OD MSME and Canara MSME Expo - Rate applicable to MSME Segment to be extended.

For loans repayable more than 1 year upto 5 years and more than 5 years, the liquidity premium to be loaded to the Card rates additionally, as given below:
Repayable > 1 year upto 5 years - 0.40%
Repayable > 5 years - 0.85%

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 2. RATE OF INTEREST FOR RETAIL LENDING SCHEMES

Rates of Interest of all Retail Lending Schemes are linked to REPO LINKED LENDING RATE

RLLR OF THE BANK – 8.05% w.e.f. 07.11.2019

 

SL NO

LOAN PRODUCT

CIC - RISK GRADE

RLLR

WOMEN BORROWERS

OTHER BORROWERS

 

 

 

 

CREDIT RISK PREMIUM OVER RLLR

EFFECTIVE ROI UNDER RLLR

CREDIT RISK PREMIUM OVER RLLR

EFFECTIVE ROI UNDER RLLR

1

Housing Loan

  • Home loan for Purchase/Construction/Extension/Repair or renovation of house.

CS : 1

8.05

0.00

8.05

0.05

8.10

CS : 2

8.05

0.05

8.10

0.10

8.15

CS : 3

8.05

0.45

8.50

0.50

8.55

CS : 4

8.05

1.95

10.00

2.00

10.05

For Housing loans under Commercial Real Estate (3rd & subsequent dwelling unit) the applicable rate shall be the above rate +0.50%

2

Canara Vehicle Loan

Four wheelers including Agriculturists

CS : 1

8.05

0.40

8.45

0.45

8.50

CS : 2

8.05

0.55

8.60

0.60

8.65

CS : 3

8.05

0.95

9.00

1.00

9.05

CS : 4

8.05

2.95

11.00

3.00

11.05

Canara Vehicle (4 Wheelers) for unrated i.e., where credit history is not available

CS : 2

8.05

0.55

8.60

0.60

8.65

Canara Vehicle (2 Wheelers)

CS : 1

8.05

3.10

11.15

3.15

11.20

CS : 2

8.05

3.25

11.30

3.30

11.35

CS : 3

8.05

5.25

13.30

5.30

13.35

CS : 4

8.05

7.00

15.05

7.00

15.05

Canara Vehicle (2 Wheelers) for unrated i.e., where credit history is not available

 

    CS : 2

 

 

8.05

 

 

3.25

 

 

11.30

 

 

3.30

 

 

11.35

 

 

 

Canara Vehicle (4 Wheeler) to Firms/Companies

 

 

8.05

NA

NA

 

0.60

 

8.65

 

LOAN PRODUCT

CIC - RISK GRADE

RLLR

CREDIT RISK PREMIUM OVER RLLR

EFFECTIVE ROI UNDER RLLR

3

Home Improvement Loan

CS : 1

8.05

2.50

10.55

CS : 2

8.05

2.55

10.60

CS : 3

8.05

3.05

11.10

CS : 4

8.05

4.55

12.60

4

CANARA HOME LOAN PLUS

a) Term Loans

CS : 1

8.05

0.55

8.60

CS : 2

8.05

0.60

8.65

CS : 3

8.05

1.10

9.15

CS : 4

8.05

2.60

10.65

b) Overdrafts

CS : 1

8.05

1.05

9.10

CS : 2

8.05

1.10

9.15

CS : 3

8.05

1.60

9.65

CS : 4

8.05

3.10

11.15

5

Canara Mortgage

CS : 1

8.05

3.05

11.10

CS : 2

8.05

3.10

11.15

CS : 3

8.05

3.60

11.65

CS : 4

8.05

5.10

13.15

6

Canara Site

CS : 1

8.05

1.05

9.10

CS : 2

8.05

1.10

9.15

CS : 3

8.05

1.60

9.65

CS : 4

8.05

2.10

10.15

7

Canara Budget

CS : 1

8.05

4.35

12.40

CS : 2

8.05

4.40

12.45

CS : 3

8.05

4.90

12.95

CS : 4

8.05

6.40

14.45

8

Teachers Loan

CS : 1

8.05

4.00

12.05

CS : 2

8.05

4.05

12.10

CS : 3

8.05

4.55

12.60

CS : 4

8.05

6.05

14.10

9

Canara Consumer Loan

CS : 1

8.05

4.50

12.55

CS : 2

8.05

4.55

12.60

CS : 3

8.05

5.05

13.10

CS : 4

8.05

6.55

14.60

10

All Other Personal Loans

CS : 1

8.05

5.50

13.55

CS : 2

8.05

5.55

13.60

CS : 3

8.05

6.05

14.10

CS : 4

8.05

7.00

15.05

11

    Canara Jeevan

8.05

1.60

9.65

12

   Canara Budget - Special Package

With salary Tie Up

8.05

4.40

12.45

Without salary Tie Up

8.05

5.40

13.45

13

  Canara Rent

a) Navaratna PSUs, AAA rated Companies, Fortune 500 Companies, MNCs, Banks & Insurance Companies

 

8.05

2.10

10.15

b) Others

8.05

2.40

10.45

c) Property leased to our Bank

8.05

1.90

9.95

14

Swarna Loan

Upto Rs. 5.00 Lakhs

8.05

1.80

9.85

Above Rs. 5.00 Lakhs

8.05

1.90

9.95

15

Canara Cash

8.05

6.55

14.60

16

Canara Pension

8.05

3.30

11.35

17

Canara Home Loan Secure

8.05

0.10

8.15

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3. AGRICULTURE & ALLIED ACTIVITIES

3.1Agriculture Loans above Rs.3.00 lac up to Rs.1.00 Crore

Sl. No.

Particulars

ROI

1

Various Short Term and Term Loans*

MCLR + 2.30

 

3.1.3 Agriculture Loans above Rs.1.00 Crore up to Rs.2.00 Crore

Sl. No.

Particulars

ROI

1

Various Short Term and Term Loans*

Lower

MCLR +2.30

 

Middle

MCLR +2.55

 

Higher

MCLR +2.80

 

Highest

MCLR +3.50

 

 

 

3.1.4 Agriculture Loans (Rated Internally under RAM Model) 

Sl.No.

Particulars

ROI

1

Various Short Term and Term Loans*

Internal rating

LR

MCLR +2.40

NR

MCLR +2.75

MR

MCLR +3.05

HR

MCLR +3.75

 

 

3.1.5 Agriculture Loans above Rs.5.00 Crore (where external rating undertaken)

Rating Grade

ROI

AAA or Equivalent

MCLR +1.40

AA or Equivalent

MCLR +1.50

A or Equivalent

MCLR +1.85

BBB or Equivalent

MCLR +2.80

BB or Equivalent

MCLR +3.35

B or Equivalent

MCLR +3.50

C&D or Equivalent

MCLR +4.50

3.1.6. Gold Loans for Non-Crop Purpose

 

ROI

1. Gold Loans and GLOD for Agricultural Purposes upto Rs.2 lac

MCLR + 0.45

2. Gold Loans and GLOD above Rs.2.00 lacs up to Rs.5.00 lacs

MCLR + 2.45

 

 

 

 

 

 

 

3.2 SHG LOANS

Sl. No.

Particulars

R O I

1

Upto

Rs.3 lac

MCLR + 1.30

2

Above

Rs.3 lac

Slab (Marks Secured)*

R O I

151 - 170

MCLR +1.55

 

125 - 150

MCLR +2.05

 

100 - 124

MCLR +2.80

 

 

 

 

3.3 Estate Purchase Loans : (Term Loan only)

Particulars

ROI

Estate Purchase Loans

MCLR + 6.55

 

 3.4 SOLAR SCHEMES

 

Solar Water Heaters and Solar Lighting Systems

Type of borrowers

ROI

A. Institutional and Commercial Users

MCLR + 3.20

B. Individuals

MCLR + 0.20

 

Note: All solar soft loans without subsidy are also to be charged at respective MCLR

 For loans repayable more than 1 year upto 5 years and more than 5 years, the liquidity premium to be loaded to the Card rates additionally, as given below :

 Repayable > 1 year upto 5 years - 0.40%

Repayable > 5 years - 0.85%

 

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4. EXTERNALLY / R A M RATED ACCOUNTS (% p.a.)

 

4.1 Exposures Rated by External Credit Assessment Institutions (ECAIs)

 4.1.1. CORPORATES (Exposures = Rs.5 Crore)

(Other than NBFCs, Commercial Real Estate, Capital Market exposures)

Rating Grade

Spread over MCLR

AAA or Equivalent

2.10

AA or Equivalent

2.50

A or Equivalent

3.20

BBB or Equivalent

4.50

BB or Equivalent

5.30

B or Equivalent

6.80

C&D or Equivalent

7.00

 

 4.1.2 NBFCs - (Irrespective of Exposure level) 

Rating Grade

Spread over MCLR

AAA or Equivalent

2.20

AA or Equivalent

2.30

A or Equivalent

2.60

BBB or Equivalent

3.70

BB or Equivalent

4.25

B or Equivalent

4.75

C&D or Equivalent

5.25

 

 4.1.3 MSMEs (Manufacturing / Services) - Exposures > Rs.5 crores

 

(Other than NBFCs, Commercial Real Estate, Capital Market exposures)

Rating Grade

Spread over MCLR

AAA or Equivalent

1.80

AA or Equivalent

2.00

A or Equivalent

2.50

BBB or Equivalent

2.70

BB or Equivalent

3.50

B or Equivalent

4.70

C&D or Equivalent

6.00

 Where '+' or '-' notation is attached to the rating, the corresponding rating category would be used.

 For loans repayable more than 1 year upto 5 years and more than 5 years, the liquidity premium to be loaded to the Card rates additionally, as given below :

 

 

Repayable > 1 year upto 5 years - 0.40%

Repayable > 5 years - 0.85%

 

4.2 Exposures above Rs.2 crores and upto Rs.5 Crore, rated internally under RAM Model & Externally Unrated accounts with exposures above Rs.5 Crore

 4.2.1 CORPORATES

(Other than NBFCs, Commercial Real Estate, Capital Market exposures)

Rating Grade

Spread over MCLR

LR 1

2.60

LR 2

3.00

LR 3

3.70

NR

5.30

MR

5.80

HR 1

6.80

HR 2&3

7.00

 

 

4.2.2 MSMEs

(Other than NBFCs, Commercial Real Estate, Capital Market exposures)

Rating Grade

Spread over MCLR

LR 1

2.20

LR 2

2.30

LR 3

2.80

NR

3.05

MR

3.30

HR 1

5.00

HR 2&3

6.00

 

Where '+' or '-' notation is attached to the rating, the corresponding main rating category would be used.

 

For loans repayable more than 1 year upto 5 years and more than 5 years, the liquidity premium to be loaded to the Card rates additionally, as given below :

 

Repayable > 1 year upto 5 years - 0.40%

Repayable > 5 years - 0.85%

 

************************************ 

5.EXPORT CREDIT (% p.a.)

 

ROI p.a.

Rupee Pre- Shipment Credit:

Upto sanctioned period but not exceeding 270 days

MCLR+0.75%

Rupee Post Shipment Credit

Upto Notional Due Date or Actual Due Date whichever is earlier but not exceeding 180 days from the date of advance (usance bills)

MCLR+0.75%

Under Duty Draw Back

Against incentives receivables from Govt. covered by ECGC guarantee upto 90 days

MCLR+0.75%

Against Undrawn Balance

Advances against undrawn balance upto 90 days

MCLR+0.75%

Advance Against Retention Money

Advances against Retention Money payable within one year from the date of shipment upto 90 days

MCLR+0.75%

ECNOS

MCLR+5.25%

 

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6.OTHER SEGMENTS (% p.a.)

 

6.1BE- MSME (Irrespective of the limit) :

Description

ROI

a. Bills up to 90 days Usance

MCLR + 0.50

b. Bills above 90 days up to 180 days

MCLR + 0.95

6.2 BULC :

6.2.1 Constituent Borrowers :  

Description

ROI

a. Bills up to 90 days Usance

MCLR +0.50

b. Bills above 90 days up to 180 days

MCLR +0.95

 

6.2.2 Non Constituent Borrowers : .

Description

ROI

a. Bills up to 90 days Usance

MCLR +1.45

b. Bills above 90 days up to 180 days

MCLR +1.95

              ************************************

7. COMMERCIAL REAL ESTATE

(Irrespective of exposure level) 

External Rating Grade

Internal Rating

ROI

AAA or Equivalent

LR1

MCLR +3.50

AA or Equivalent

LR 2

MCLR +3.75

A or Equivalent

LR 3

MCLR +4.00

BBB or Equivalent

NR

MCLR +4.25

BB or Equivalent

MR

MCLR +6.00

B or Equivalent

HR1

MCLR +6.50

C&D or Equivalent

HR 2 & 3

MCLR +7.00

       

 

 

7.1

CANARA RENT -

- Navaratna PSUs, AAA rated Companies, Fortune 500 Companies, MNCs, Banks, Insurance Companies

- Others

 

MCLR + 2.70

 

 

MCLR + 3.00

7.2

CANARA MORTGAGE

MCLR + 3.00

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8EXPOSURE TO CAPITAL MARKET: (ROI % p.a.)

 

8.1 Loans to stock/share Brokers

 8.1.1 Exposures above Rs.2 Crore ( External rating / Internal Rating )

Rating

ROI

AAA,AA,A / Low Risk

MCLR +3.80

BBB/ Normal Risk

MCLR +4.30

BB/ Moderate Risk

MCLR +4.80

B,C,D/ High Risk

MCLR +5.80

 

8.1.2 Exposures upto Rs.2 Crore - WC / STL

 

Grade

ROI

III

MCLR +3.80

IV

MCLR +4.30

V

MCLR +4.80

VI

MCLR +5.80

VII & VIII

MCLR +6.80

 

8.1.3 Exposures upto Rs.2 Crore - Term Loan

 

Grade

ROI

III

MCLR +5.30

IV

MCLR +5.80

V

MCLR +6.30

VI

MCLR +7.00

VII & VIII

MCLR +7.00

 

For loans repayable more than 1 year upto 5 years and more than 5 years, the liquidity premium to be loaded to the Card rates additionally, as given below:

 

Repayable > 1 year upto 5 years - 0.40%

Repayable > 5 years - 0.85%

 

 

 

ROI

IPO Financing

MCLR +5.30

Loans to individuals against approved shares

MCLR +7.00

Loans against Equity Oriented MFs

MCLR +5.30

Loans under ESOP - domestic and NRIs

MCLR +5.30

Loans to assist employees to subscribe to shares of their own companies under reserve quota

MCLR +5.30