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 up to 5 years and more than 5 years, the liquidity premium to be loaded to the Card rates additionally, as given below:

Repayable > 1 year up to 5 years

0.40%

Repayable > 5 years

0.80%

 

1. Exposure above Rs.25.00 Crores a. Externally rated Accounts MSMEs (Manufacturing / Services) - Exposures > 25 Crore (Other than NBFCs, Commercial Real Estate, Capital Market exposures)

Rating Grade

CRP over RLLR

AAA or Equivalent

1.25

AA or Equivalent

1.50

A or Equivalent

1.75

BBB or Equivalent

2.50

BB or Equivalent

3.25

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

Up to 50%

51% - 75%

76% - 100%

>100%

LR 1/ CNR III

1.60

1.50

1.30

1.05

LR 2/ CNR IV

1.75

1.65

1.45

1.20

LR 3/ CNR V

2.30

2.20

2.00

1.75

NR/ CNR VI

2.75

2.60

2.40

2.15

MR I & II/ CNR VII & VIII

3.00

2.85

2.65

2.40

HR 1/ CNR IX

5.00

4.80

4.60

4.30

HR 2&3/ CNR X & XI

6.00

5.80

5.60

5.30

An additional interest of 0.25% in respect of externally unrated exposures above Rs 25.00 Crores to Rs 100.00 Crores and 0.50% for externally unrated exposures above Rs 100.00 Crores to be charged, till such time external rating is obtained by the entity.

2. Exposures above Rs.2 Crore and up to Rs.25 Crore, Rated Internally Under RAM Model.


RISK RATING

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

Up to 50%

51% - 75%

76% - 100%

>100%

LR 1/ CNR III

1.60

1.50

1.30

1.05

LR 2/ CNR IV

1.75

1.65

1.45

1.20

LR 3/ CNR V

2.30

2.20

2.00

1.75

NR/ CNR VI

2.75

2.60

2.40

2.15

MR I & II/ CNR VII & VIII

3.00

2.85

2.65

2.40

HR 1/ CNR IX

5.00

4.80

4.60

4.30

HR 2&3/ CNR X & XI

6.00

5.80

5.60

5.30

3. Exposure above Rs.2 lakhs up to Rs.2 crore for both MSME Manufacturing Services.
a.For Exposures above 2 lakhs upto .1 Crore

Internal Risk Rating Grade

CRP over RLLR

Low Risk-III - CNR-MM-1/ CNR-SVM-1

1.40

Normal Risk - CNR-MM-2/ CNR-SVM-2

2.25

Moderate Risk I & II - CNR-MM-3/ CNR-MM-4/ CNR-SVM-3/ CNR-SVM-4

2.75

High Risk-I - CNR-MM-5/ CNR-SVM-5

4.25

High Risk II & III - CNR-MM-6/ CNR-MM-7/ CNR-SVM-6/ CNR-SVM-7

5.75

 

b. For exposures above Rs.1 Crore up to Rs.2 Crore

RATING GRADE

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

 

Up to 50%

51% - 75%

76% - 100%

>100%

 

CRP over RLLR

CRP over RLLR

CRP over RLLR

CRP over RLLR

LR3

2.30

2.20

2.00

1.75

NR

2.75

2.60

2.40

2.15

MR

3.00

2.85

2.65

2.40

HR1

5.00

4.80

4.60

4.30

HR2 HR3

6.00

5.80

5.60

5.30

Note: a) 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.

b) Concession of 0.25 % in applicable rate of interest in CGTMSE covered accounts up to an exposure of Rs.100 lakhs is available, subject to the condition that the ultimate interest rate shall not fall below RLLR.

4.ROI on Loans and Advances up to Rs.2 lakhs

a. MSME MANUFACTURING

 

Working Capital / STL

Term Loan

 

CRP over RLLR

CRP over RLLR

 

Micro & Small

Medium

Micro & Small

Medium

a. Up to Rs.50,000/-

1.05

1.05

1.30

1.30

b. Above Rs.50,000/- up to 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. Up to Rs.50,000/-

1.05

1.05

1.30

1.30

b. Above Rs.50,000/- up to 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

Up to 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

Up to 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

4.

Canara MSE Smart Professional

Risk Rating

 *Collateral :- 75% and above of the proposed exposure (out of which,)

Residential/ Commercial properties 50% to <75%

Residential/ Commercial properties 75% to <100%

Residential/ Commercial properties 100% or above

Low

RLLR + 0.50%

RLLR + 0.25%

RLLR

Normal

RLLR + 0.75%

RLLR + 0.50%

RLLR + 0.25%

Moderate

RLLR + 1.00%

RLLR + 0.75%

RLLR + 0.50%

Risk Rating

*Collateral : 50% to <75% and above of the proposed exposure (out of which,)

Residential/ Commercial properties 50% to <75%

Residential/ Commercial properties 75% to <100%

Residential/ Commercial properties 100% or above

Low

RLLR + 0.60%

RLLR + 0.40%

RLLR + 0.20%

Normal

RLLR + 0.80%

RLLR + 0.60%

RLLR + 0.40%

Moderate

RLLR + 1.10%

RLLR + 0.90%

RLLR + 0.70%

Risk Rating

*Collateral : 25% to < 50% and above of the proposed exposure(out of which,)

Residential/ Commercial properties 50% to <75%

Residential/ Commercial properties 75% to <100%

Residential/ Commercial properties 100% or above

Low

RLLR + 0.80%

RLLR + 0.60%

RLLR + 0.40%

Normal

RLLR + 1.00%

RLLR + 0.80%

RLLR + 0.60%

Moderate

RLLR + 1.30%

RLLR + 1.20%

RLLR + 0.90%

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

b) No liquidity premium is applicable for term loans under the scheme.

5.

MSME Vahan

For Brand New Vehicles

RLLR+0.90%

For Used/Second-Hand Vehicles

As per extant ROI guidelines

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

6.

CANARA MAHILA VIKAS

Total Collateral Security Comfort*

(as a percentage of the proposed exposure under this scheme)

 Low Risk

25% to < 50%

50% to < 75%

75% and above

RLLR+0.50%

RLLR+0.25%

RLLR

Normal Risk

50% to < 65%

65% to < 80%

80% and above

RLLR+0.75%

RLLR+0.50%

RLLR+0.20%

75% to < 90%

91% to < 100%

100% to and above

RLLR+1.00%

RLLR+0.75%

RLLR+0.5 0%

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

7.

Canara MSME STAR

Risk Rating

*Collateral :- 100% and above of the proposed exposure (out of which,)

Residential/Commercial properties 50% to <75%

Residential/Commercial properties 75% to <100%

Residential/Commercial properties 100% or above

Low

RLLR + 0.50%

RLLR + 0.25%

RLLR

Normal

RLLR + 0.75%

RLLR + 0.50%

RLLR + 0.25%

Moderate

RLLR + 1.00%

RLLR + 0.75%

RLLR + 0.50%

Risk Rating

*Collateral :- 75% to <100% and above of the proposed exposure(out of which,)

Residential/Commercial properties 50% to <75%

Residential/Commercial properties 75% to <100%

Residential/Commercial properties 100% or above

Low

RLLR + 0.60%

RLLR + 0.40%

RLLR + 0.20%

Normal

RLLR + 0.80%

RLLR + 0.60%

RLLR + 0.40%

Moderate

RLLR + 1.10%

RLLR + 0.90%

RLLR + 0.70%

Risk Rating

Collateral :- 50% to <75% and above of the proposed exposure(out of which,)

Residential/Commercial properties 50% to <75%

Residential/Commercial properties 75% to <100%

Residential/Commercial properties 100% or above

Low

RLLR + 0.80%

RLLR + 0.60%

RLLR + 0.40%

Normal

RLLR + 1.00%

RLLR + 0.80%

RLLR + 0.60%

Moderate

RLLR + 1.30%

RLLR + 1.20%

RLLR + 0.90%

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

8.

Canara GST (CRP over RLLR)

Working Capital

Risk Rating

Collateral Security Value 100% & above

Collateral Security Value 75% to <100%*

Low & Normal

RLLR + 0.25%

RLLR + 0.50%

Moderate

RLLR + 0.50%

RLLR + 0.75%

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

9.

Canara MSME Contractor

Risk Rating

Collateral :- 50% to 75% of the proposed exposure(out of which,)

Residential/Commercial properties 50% to <75%

Residential/Commercial properties 75% to <100%

Residential/Commercial properties 100% or above

Low

RLLR+1.10%

RLLR+0.90%

RLLR+0.70%

Normal

RLLR+1.30%

RLLR+1.10%

RLLR+0.90%

Moderate

RLLR+1.50%

RLLR+1.30%

RLLR+1.10%

 

 

Collateral :- > 75% of the proposed exposure (out of which,)

Risk Rating

Residential/Commercial properties 50% to

Residential/Commercial properties 75% to

Residential/Commercial properties 100% or above

Low

RLLR+0.90%

RLLR+0.70%

RLLR+0.50%

Normal

RLLR+1.00%

RLLR+0.90%

RLLR+0.70%

Moderate

RLLR+1.20%

RLLR+1.00%

RLLR+0.90%

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.