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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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