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Interest Rates on Advances

WHOLESALE | RETAIL LOAN | PRIORITY SECTOR | SME | EXPORT CREDIT

Base Rate (per annum) w.e.f. 09.02.2013 10.25%

Our BPLR for all the existing accounts is 14.50% per annum w.e.f from 09.02.2013

Wholesale

Rate of interest for Wholesale w.e.f 01.05.2012

Rating Rate of Interest
CR-1 Base Rate + 4.25%
CR-2 Base Rate + 4.50%
CR-3 Base Rate + 5.00%
CR-4 Base Rate + 5.50%
CR-5 Base Rate + 6.25%
CR-6 Base Rate + 6.75%
CR-7,8,9,10 Base Rate + 7.00%

Rate of interest on Bill Discounted under LC for all categories
Particulars

Rate of interest

1. When Bills Discounted are under Letter of Credit of our Bank/other prime Banks
a. Having contractual maturity from 1 to 90 days. 0.50% above Base Rate
b. Having contractual maturity from 91 to 180 days. 0.75% above Base Rate
c. Having contractual maturity more than 180 days upto 1 year(Our Bank's LC) 4.00% above Base Rate
d. Having contractual maturity more than 180 days upto 1 year (Other Bank's LC) 4.50% above Base Rate

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Retail Loans

Baroda Home Loan to Individuals / NRIs / PIOs (W.E.F 10.09.2012)
Fixed Rate option Not Available
Floating Rate option
Repayment Period Up to Rs. 30 Lacs Above Rs. 30 Lacs and below Rs. 75 Lacs 75 Lacs and above
Upto 5 years 0.25% above Base Rate 1.00% above Base Rate Base Rate + 1.25%
Over 5 years & up to 15 years 0.50% above Base Rate 1.25% above Base Rate Base Rate +1.50%
Over 15 years & up to 30 yrs 0.75% above Base Rate 1.50% above Base Rate Base Rate +1.75%


Baroda Home Improvement Loan
  • 2.50% above Base Rate

  • Baroda Additional Assured Advance (AAA) (Resident / NRIs / PIOs)
  • 1.50% above Base Rate w.e.f 16.08.2012

  • Baroda Auto Loan

    Baroda Car Loan/ Baroda Car Loan to HNIs / Corporate w. e.f 01.05.2012

    For Loans of tenor upto 5 years
    (Irrespective of amount of loan):

    2.50% above Base Rate

    For Loans of tenor over 5 years
    (Irrespective of amount of loan):

    3.00% above Base Rate



    Baroda Loan for Two Wheelers
  • 4.00% above Base Rate

  • Baroda Mortgage Loan (Realigned Product)
  • 5.25% above Base Rate

  • Baroda Ashray (Reverse Mortgage)
    Fixed Rate Option:

    Not Available

    Floating Rate Option

    1.75% Above Base Rate


    Baroda Traders Loan (irrespective of loan limit/OD/TL)
  • 3.00 % above Base Rate

  • Baroda Loan to Doctors
    Upto Rs.2/- lacs

    3.00 % above Base Rate

    Above Rs.2.lacs

    2.50 % above Base Rate


    Baroda Education Loan

    Loans upto Rs.4.00 lacs

    2.50% above Base Rate

    Loans above Rs.4.00 lacs and upto Rs 7.50 lacs

    4.00% above Base Rate

    Loans above Rs.7.50 lacs

    3.50% above Base Rate

    ** Additional concession of 1.00% to the students who have sought admission in premier institutions viz. IIMs, IITs and AIIMS / AFMC for loans of more than Rs 7.50 lac secured by tangible securities.


    Baroda Career Development
  • 4.75% Above Base Rate

  • Baroda Loan for Training, Skill Upgradation of Construction workers
  • 5.00% Above Base Rate

  • Baroda Advance Against Securities
    A Against NSC/KVP

    Loan: 3.50% above Base Rate or 0.50% over NSC / KVP rate, whichever is higher
    Overdraft: 4.00% above Base Rate or 0.75% over NSC / KVP, whichever is higher

    B Life Insurance Policy / Relief Bonds

    Loan: 3.50% above Base Rate
    Overdraft: 4.00% above Base Rate

    C Baroda Advance against Gold Ornaments/ Jewelleries 3.00% above Base Rate

    Baroda Personal Loan

  • 4.50% above Base Rate
  • Except for following Purpose

  • Loan to Pensioners: 4.50% above Base Rate
  • Loan to Defence Pensioners: 4.50% above Base Rate
  • Loan for Earnest Money Deposit: 3.25% above Base Rate

  • Baroda Salary Advantage Savings Account
  • 5.50% above Base Rate

  • Baroda Loan Against Future Rent Receivables
  • 6.00% above Base Rate


  • Loan against Bank's own Deposit (LABOD) - For advances below Rs. 1 Crore

    Category Loan to depositor Loan to third party
    Domestic (Public) 1.50% over deposit rate

    2% over deposit rate or 3.50% above Base Rate, whichever is higher.

    Senior Citizens 1.25% over deposit rate

    Not applicable

    NRE Deposits (Public) # 1.50% over deposit rate 2% over deposit rate or 3.50% above Base Rate, whichever is higher.

    # Maximum loan amount subject to current RBI/FEMA guidelines.


    Loan against Bank's own Deposit (LABOD) - For advances of Rs. 1 Crore and above

    Category Loan to depositor Loan to third party
    Domestic (Public) 1.75% over deposit rate 2.25% over deposit rate or 3.50% above Base Rate, whichever is higher.

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    Priority Sector

    Sr. No. Parameter Interest rate (per annum) w.e.f. 14.02.2013
    1. Direct Agriculture
    1.1 Crop loans/ Production Credit
    1.1.1 Crop loans/Production Credit up to Rs. 3 lacs. 7.00% p.a. (Fixed) *
    *Subject to Govt. of India provides subvention to Banks on such advances. Otherwise as mentioned above:
    Upto Rs.50,000: At Base Rate i.e.10.25%
    Above Rs. 50,000 upto Rs.2 lacs: 0.50% above Base Rate
    Above Rs.2 lacs upto Rs.3 lacs : 1.50% above Base Rate
    1.1.2 Crop loans/Production Credit Above Rs. 3 lacs and less than Rs. 25 lacs. 2.00% above Base Rate
    1.1.3 Crop loans/Production loans Rs. 25 lacs & above. 2.50% above Base Rate
    1.2 Investment loans (Based on aggregate limits combined with production credit)
    1.2.1 Upto Rs.50,000. 0.25% above Base Rate
    1.2.2 Above Rs.50,000 upto Rs. 2 lacs 0.75% above Base Rate
    1.2.3 Above Rs. 2 lacs upto less than Rs.25 lacs. 2.25% above Base Rate
    1.2.4 Rs. 25 lacs & above 2.75% above Base Rate
    2 Indirect Agriculture/Other Priority Sector (Other than Housing Loans, Retail Lending Products & SME)
    2.1.1 Loans upto Rs.50,000 0.25% above Base Rate
    2.1.2 Above Rs.50,000 to Rs. 2 lacs. 0.75% above Base Rate
    2.1.3 Above Rs.2 lacs but less than Rs. 25 lacs. 2.25% above Base Rate The pricing is delinked from credit rating. However, the credit rating is to be carried out to ascertain the risk profile of the portfolio.
    2.1.4 Rs. 25 lacs and above. Ranging from 2.15% above Base Rate to 5.00% above Base Rate for loans depending upon credit rating of individual borrower irrespective of the tenure as mentioned above.
    2.1.4.1 For Indirect Agriculture Advance Above Rs 25 lacs
    2.1.4.1.1 CR1 2.15% above Base Rate
    2.1.4.1.2 CR2 2.50% above Base Rate
    2.1.4.1.3 CR3 2.75% above Base Rate
    2.1.4.1.4 CR4 3.00% above Base Rate
    2.1.4.1.5 CR5 3.50% above Base Rate
    2.1.4.1.6 CR 6, 7, 8, 9 & 10 4.00% above Base Rate
    2.1.4.2 For Other Priority Sector (Advances other than Agriculture/Retail/ SME Banking) Rs 25 Lacs & above
    2.1.4.2.1 CR1 3.15% above Base Rate
    2.1.4.2.2 CR2 3.50% above Base Rate
    2.1.4.2.3 CR3 3.75% above Base Rate
    2.1.4.2.4 CR4 4.50% above Base Rate
    2.1.4.2.5 CR 5, 6, 7, 8, 9 & 10 5.00% above Base Rate
    3.1 Advance to special category of borrowers/activities/purpose:
    3.1.1 Finance to PACS/FSS/ LAMPS for on lending to farmers irrespective of loan limits/purpose. 7.00% Fixed subject to GOI Subvention on such advances otherwise base rate plus .50%
    3.1.2 Finance to SHGs /JLGs 1.00% above Base Rate
    3.1.3 Advances for construction of rural godowns Base Rate plus 2%
    3.1.4 Advances against warehouse receipt to farmers upto `
    25.00 lacs*
    Base Rate+1.00%
    3.1.4.2 Advances against ware house receipt other than category mentioned at point no. 3.1.4* Base Rate+2.00%
    3.1.5 Loans for purchase of four wheelers to farmers Rate of interest applicable for Baroda car Loan minus 0.25% subject to minimum ROI of Base Rate
    3.1.6 Financing construction
    of farm house cum dwelling unit
    Rate of interest applicable for housing loan scheme of our Bank.
    *3.1.4 & 3.1.4.2 For advances against ware house receipt: Concession of 0.25% in rate of interest is allowed for advances against negotiable warehouse receipt irrespective of the category of borrower.

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    Interest rates applicable for domestic credit (Micro, Small & Medium Enterprises) w.e.f 21.07.2012

    Micro / Small Enterprises


    Limits Micro Enterprises Small Enterprises Medium Enterprises
    Up to Rs. 50,000/- Base Rate Base Rate + 0.50

    ---

    Above Rs. 50,000/-to 2.00 lacs Base Rate + 0.50 Base Rate + 1%

    ---

    Above Rs. 2.00 lacs to less than Rs. 25.00 lacs Base Rate + 2.75. Base Rate + 3.25% Base Rate + 3.75%

    On SME advances of Rs.25.00 lacs and abovee

    Amount of Loan / Advance/Rating

    Micro Enterprises

    Small Enterprises

    Medium Enterprises

    Irrespective of loan amount Rs. 25.00 lacs and above Base rate + 2.15% to 4.00% as per credit rating: Base rate + 2.65% to 4.50% as per credit rating Base rate + 2.90 % to 5.75% as per credit rating
    CR-1 Base rate + 2.15 Base rate + 2.65 Base rate + 2.90
    CR-2 Base rate + 2.50 Base rate + 3.00 Base rate + 3.25
    CR-3 Base rate + 2.75 Base rate + 3.25 Base rate + 3.75
    CR-4 Base rate + 3.00 Base rate + 3.50 Base rate + 4.25
    CR-5 Base rate + 3.50 Base rate + 4.00 Base rate + 5.00
    CR-6 & above Base rate + 4.00 Base rate + 4.50 Base rate + 5.75

    Advances to Retail Trade (Classified under MSE Sector)

    Limit Rate of interest
    Upto Rs. 50,000/- Base Rate + 1%
    Above Rs. 50,000/- and upto Rs. 2/- lacs Base Rate + 1.5%
    Above Rs. 2/- lacs and upto Rs. 20/- lacs Base Rate + 3.75%

    SMES as per expanded definition

    Credit Rating

    Rate of interest

    CR-1

    Base Rate + 4.25%

    CR-2

    Base Rate + 4.50%

    CR-3

    Base Rate + 5%

    CR-4

    Base Rate + 5.50%

    CR-5

    Base Rate + 6.25%

    CR-6

    Base Rate + 6.75%

    CR-7 to CR-10

    Base Rate + 7%

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    Export Credit - (Interest rates w.e.f 01.05.2012)

    Interest rates for Normal Exporters

    Categories of Rupee Export Credit Credit Rating Rate of Interest
    Pre-Shipment Credit
    (a) Up to 270 days CR 1 to CR 3

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    (b) Against incentives receivable from Govt. (Covered by ECGC guarantee) upto 90 days. CR 1 to CR 3

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    Post-Shipment Credit
    a) On Demand Bills for transit period (as specified by FEDAI) CR 1 to CR 3

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    (b) Against Usance bills upto notional due date or actual due date, whichever is earlier (for total period comprising of usance period of export bills, transit period as specified by FEDAI and grace period wherever applicable
    i) Upto 180 days from the date of advance CR 1 to CR 3

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    c) Against incentives receivable from Govt. (covered by ECGC Guarantee) upto 90 days CR 1 to CR 3

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    d) Against undrawn balance (upto 90 days) CR 1 to CR 3

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    e) Against retention money (for supplies portion only) payable within one year from the date of shipment (upto 90 days) CR 1 to CR 3

    1.00% above Base Rate

    CR 4 to CR 6

    1.25% above Base Rate

    CR 7 to CR 10

    1.50% above Base Rate

    Export Credit Not Otherwise Specified (ECNOS)*
    (a) Pre-Shipment Credit

    7.00% above Base Rate

    (b) Post-Shipment Credit

    7.00% above Base Rate

    Interest Rates on Export Credit in Foreign Currency (W.E.F. 16.11.2011)

    Rate of Interest

    Pre shipment and Post shipment

    LIBOR plus 350 basis points

    Interest rates for Gold Card Holders

    Categories of Rupee Export Credit Credit Rating Rate of Interest
    Pre-Shipment Credit
    (a) Up to 270 days CR 1 to CR 3

    0.75% above Base Rate

    CR 4 to CR 6

    1.00% above Base Rate

    CR 7 to CR 10

    NOT ELIGIBLE

    Post-Shipment Credit
    (a) Up to 365 days CR 1 to CR 3

    0.75% above Base Rate

    CR 4 to CR 6

    1.00% above Base Rate

    CR 7 to CR 10

    NOT ELIGIBLE

    Penal Interest Rate : In the event of non-compliance with any of the terms or conditions of the sanction , penal interest upto a maximum of 2% over and above the contracted rate , will be charged to the borrower

    Click for Interest Rates on Deposits

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