Loans & Advances Schemes ::  Domestic Schemes   ::   NRI Schemes

RATE OF INTEREST ON LOANS AND ADVANCES

Base Rate 
 
BPLR 
A Interest rate Structure consequent upon revision of BASE RATE to 10.75% p.a. with monthly rest effective from 01.08.2011
B Interest rate Structure consequent upon issue of circular No: CHO/RM/16/2011-12 dated 25-07-2011 (given separately)

    Rate of Interest as per BASE RATE System
  Particulars Spread of
Base Rate		 Effective
Rate
  w.e.f. 01.08.2011 10.75%  
A Interest Rate Structure for Priority Sector (Secured) Advances:    
       
1 DRI Advances   4.00%
       
2 Agricultural Advances    
       
  a) Total Funded Exposure up to Rs. 50,000 1.75% 12.50%
  b) Total Funded Exposure more than Rs 50,000 and up to Rs 2 lacs 2.25% 13.00%
  c) Total Funded Exposure more than Rs 2 lacs and up to Rs 5 lacs 3.25% 14.00%
  d) Crop loans up to Rs.3 lacs where Govt. subsidy is available. $   8.50%
  $ Interest as stipulated by the Government vide RBI circular RPCD No. PLFS.BC.18/05.04.2010-11 dt. 06.09.2010. After interest subvention of 1.50%, final rate to the borrower - 7% p.a
       
  e) Total Funded Exposure more than Rs 5 lacs but up to Rs 25 lacs    
          Facilities having Maturity of less than 3 years 3.80% 14.55%
          Facilities having Maturity of 3 years or more 4.30% 15.05%
       
  f) Total Funded Exposure more than Rs 25 lacs    
          Facilities having Maturity of less than 3 years As per Credit rating
          Facilities having Maturity of 3 years or more
     
3 Interest Rates  For Advances to Micro, Small & Medium Enterprises Sector, (Kindly refer Head Office Circular No. CHO/RM/24/2010-11 dated 10.12.2010).
   
  Range of  Loans & Advances Spread over Base Rate Final lending Rate
(Total Funded Exposure)
Base Rate 10.75%  
  Upto Rs. 5 lacs 1.00% 11.75%
  Above Rs5 lacs and up to Rs25 lacs 3.00% 13.75%
  Above Rs.25 lacs and upto Rs.1 Cr. 3.50% 14.25%
       
  Above Rs.1 Cr. as per Credit Rating >Rs.1 Cr. & upto Rs.5 Cr. >Rs5 Cr. & upto Rs.10 Cr.
  Rating Spread over Base Rate Final lending Rate Spread over Base Rate Final lending Rate
  Base Rate 10.75%   10.75%  
  A++ 3.50% 14.25% 4.50% 15.25%
  A+ 3.60% 14.35% 4.60% 15.35%
  A 3.75% 14.50% 4.75% 15.50%
  B+ 3.90% 14.65% 4.90% 15.65%
  B 4.00% 14.75% 5.00% 15.75%
  B- 4.50% 15.25% 5.50% 16.25%
  C 5.50% 16.25% 6.50% 17.25%
  Above Rs.10 Cr. As per Credit Rating /Tenor for General Advances
 

Note :

  1. These Revised Interest Rates are applicable for New Loans sanctioned in terms of circular CHO/RM/24/2010-11 dt. 10.12.2010

  2. Concessions in Rate of Interest , under Special Package for the exposure to Micro, Small  & Medium Enterprises shall no longer be applicable.

  3. Branches to ensure before applying the above rates of interest that the borrowers meet the ligibility criteria meant for Micro, Small and Medium Enterprises.
   
  All other Priority Sector Advances
       
  a) Total Funded Exposure up to Rs. 50,000 1.75% 12.50%
  b) Total Funded Exposure more than Rs 50,000 and up to Rs 2 lacs 2.25% 13.00%
  c) Total Funded Exposure more than Rs 2 lacs and up to Rs 5 lacs 3.80% 14.55%
  d) Total Funded Exposure more than Rs 5 lacs but upto Rs 25 lacs    
          Facilities having Maturity of less than 3 years 4.00% 14.75%
          Facilities having Maturity of 3 years or more 4.50% 15.25%
  e) Total Funded Exposure more than Rs 25 lacs    
          Facilities having Maturity of less than 3 years As per Credit rating
          Facilities having Maturity of 3 years or more As per Credit rating

Notes:

  1. Total funded exposure means total of all fund based facilities allowed to a borrower.

  2. Where total exposure is above Rs 25 lacs, applicable interest rate should be based on credit rating of the account and interest rate structure as per credit rating schedule would apply except in case of MSE sector where it is above Rs. 1 crore.

  3. Maturity period for Cash Credit and working capital demand loan may be taken as one year.

  4. The rate of interest mentioned above would be applicable for all priority sector accounts. Rates advised in different schemes circulated earlier would stand superceded with immediate effect.

  5. The above rates should be applied with monthly rest excepting in case of DRI and agriculture advances where the above rates may be applied with half yearly rest. Crop loans, unless overdue / restructured, will carry simple rate of interest. The interest rates would be applied with annual rests in case of following agricultural advances:

    • Cultivation of Sugarcane, Banana and Papaya

    • Development of Horticulture & Plantations Crops

    • Tank Fishery (Raring)

  6. Credit rating of all accounts, under the category of MSE, with aggregate FB & NFB exposure of Rs. 25 lacs and above shall be carried out as per present practice. However, rate of interest shall be applicable as per the above interest rate structure.

  7. MSE sector includes – i) Laghu Udyami Credit Card, ii) Artisan Credit Card, iii) Prime Minister Employment Generation Programme (PMEGP), iv) Collateral free loans under Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE), v) Loans under Technology Upgradation Fund Scheme for Textile Units (TUFS), vi) Swarozgar Credit Card Scheme, vii) UCO Shilpa Udyog, viii) UCO Vishwakarma Yojna, ix) UCO Mahila Shilpa Udyog Scheme, x) Composite Loan Scheme to MSE Units, xi) Scheme for financing Handloom Weavers Group (HWGs), xii) Loans under credit linked capital subsidy scheme for technology upgradation, xiii) UCO Channel Scheme, xiv) Scheme for fod processing industry.

    Rate of Interest as per BASE RATE System
  Particulars Spread of Base Rate Effective Rate
    10.75%  
       
B Educational Loans    
       
  Upto Rs 4 lacs 3.00% 13.75%
  More than Rs.4 lacs 3.75% 14.50%
  Students satisfying DRI norms - Any Amount   4.00%
  Students satisfying 60% handicap criteria - Any Amount   4.00%
       
C Interest Rate Structure for Special Category (Secured) Advances:    
       
  a)  Non Priority Sector Personal Loans    
         Facilities having Maturity of less than 3 years 7.50% 18.25%
         Facilities having Maturity of 3 years or more 8.00% 18.75%
  b)  Loans to individuals against Shares    
        Facilities having Maturity of less than 3 years 4.50% 15.25%
        Facilities having Maturity of 3 years or more 5.00% 15.75%
  c)  Margin Trading Finance    
        Facilities having Maturity of less than 3 years 7.50% 18.25%
        Facilities having Maturity of 3 years or more 8.00% 18.75%
  d)  Film Finance    
        Facilities having Maturity of less than 3 years 8.40% 19.15%
        Facilities having Maturity of 3 years or more 8.90% 19.65%
  e)  Film Finance – With 75% or more Liquid Securities    
        Facilities having Maturity of less than 3 years 7.40% 18.15%
        Facilities having Maturity of 3 years or more 7.90% 18.65%
       
  Loans to Landlords of Bank Premises    
  Upto Rs.2 lac 5.50% 16.25%
  Above Rs.2 lac upto and inclusive of Rs.5 lac 5.90% 16.65%
  Above Rs.5 lac upto and inclusive of Rs.10 lac 6.40% 17.15%
  Above Rs.10 lac 6.80% 17.55%
       
  Finance granted to intermediary agencies (*)    
  For on-lending to ultimate beneficiaries and agencies (as indicated below excluding those of housing) providing input support. 4.50% 15.25%
  Finance granted to housing finance intermediary agencies for on- lending to ultimate beneficiaries. 4.50% 15.25%
       
  Loans under refinance schemes of term lending institutions Interest to be charged as per stipulations of the Refinancing Agencies
     
  Note:
  Interest rate on refinance for "Self- Help Groups" may be fixed on the basis of per capita size of the loan. They will not receive any additional interest rate reduction.
   
  (*) List of Intermediary Agencies
   
1  State sponsored organizations for on-lending to weaker Sections. Weaker sections include:
 
  1. Small & marginal farmers with landholdings of 5 acres or less, landless labourers, tenant farmers and share croppers.
 
  1. Artisans, village and cottage industries where individual credit requirements do not exceed Rs 25,000.
 
  1. Small and marginal farmers, sharecroppers, agriculture and non-agriculture labourers, rural artisans and families living below the poverty lines are the beneficiaries. The family income should not exceed Rs 11,000 per annum.
 
  1. Scheduled castes and scheduled tribes.
 
  1. Beneficiaries are persons whose family income from all sources does not exceed Rs 7,200 per annum in urban or semi-urban areas or Rs 6,400 per annum in rural areas. They should not own any land or the size of their holdings does not exceed one
 
  1. Beneficiaries under scheme of liberation and rehabilitation of scavengers (SLRs).
 
  1. Advances granted to Self- Help Groups (SHGs) for reaching the rural poor.
   
2 Distribution of agricultural inputs/implements.
3 State Financial Corporations (SFCs) / State Industrial Development Corporations (SIDCs) to the extent they provide credit to weaker sections.
4 National Small Industries Corporations (NSIC).
5 Khadi and Village Industries Commission (KVIC).
6 Agencies involved in assisting the decentralized sector.
7 State sponsored organizations for on-lending to weaker sections.
8 Housing and Urban Development Corporation Ltd (HUDCO).
9 Housing Finance Companies approved by National Housing Bank (NHB) for refinance.
10 State sponsored organizations for SCs / STs (for purchase and supply of inputs to and / or marketing output of the beneficiaries of these organizations).
11  Micro-Finance Institutions, Non-Government Organizations (NGOs) on-lending to SHGs.

 

    Rate of Interest as per BASE RATE System
  Particulars Spread of Base Rate Effective Rate
    10.75%  
D Interest Rate Structure for General (Secured) Advances:    
i) Total Funded Exposure upto Rs. 2 lacs    
      Facilities having maturity of less than 3 years 4.50% 15.25%
      Facility having Maturity of 3 years or more 5.00% 15.75%
       
ii) Total Funded Exposure more than 2 lacs to Rs. 25 lacs    
  Other than NBFCs    
  Total Funded Exposure -    
              Facilities having Maturity of less than 3 years 6.00% 16.75%
              Facilities having Maturity of 3 years or more 6.50% 17.25%
       
  NBFCs    
              Facilities having Maturity of less than 3 years 6.50% 17.25%
              Facilities having Maturity of 3 years or more 7.00% 17.75%
       
iii) Total Funded Exposure more than Rs 25 lacs    
              Facilities having Maturity of less than 3 years As per Rating and Tenor
              Facilities having Maturity of 3 years or more As per Rating and Tenor
  Total Funded Exposure more than Rs 25 lacs (Facilities having maturity less than 3)
  CREDIT RATING *    
      A++ 4.40% 15.15%
      A+ 4.90% 15.65%
      A 5.80% 16.55%
      B+ 6.30% 17.05%
      B 7.30% 18.05%
      B- 7.80% 18.55%
      C 8.00% 18.75%
       
  Total Funded Exposure more than Rs 25 lacs (Facilities having maturity of 3 years or more)
       
  CREDIT RATING*    
      A++ 4.90% 15.65%
      A+ 5.40% 16.15%
      A 6.30% 17.05%
      B+ 6.80% 17.55%
      B 7.80% 18.55%
      B- 8.30% 19.05%
      C 8.50% 19.25%
       
  Note:    
  In respect of accounts with total funded exposure of Rs 25 lacs and above Interest Rate is to be based on credit rating assessed in terms of Bank’s extant directives.
  Rate of Interest on Working Capital Demand Loan (WCDL) will be the same as that of the respective Cash Credit rate.

 

    Rate of Interest as per BASE RATE System
  Particulars Spread of Base Rate Effective Rate
    10.75%  
       
E Mid Market and other Schemes    
       
1 UCO Shopper  / Shopper Tie up 5.40% 16.15%
       
2 UCO Car    
  a)  New Car - General Category 3.00% 13.75%
  b)  Used Car - General Category 4.00% 14.75%
  c)  New Car - Full collateral / Salary Tie up / Doctor / Medical Practioner 2.50% 13.25%
  d)  Used Car - Full collateral / Salary Tie up / Doctor / Medical Practioner 3.50% 14.25%
       
3 UCO Cash  5.40% 16.15%
  UCO Cash - Women 4.40% 15.15%
       
4 UCO Mortgage 6.30% 17.05%
       
5 UCO Pensioner 4.20% 14.95%
       
6 UCO Rent 5.40% 16.15%
       
7 UCO Trader 3.75% 14.50%
       
8 UCO Securities 3.10% 13.85%
       
9 UCO Doctor    
  a)  General Category 3.60% 14.35%
  b)  100% or more collateral 3.10% 13.85%
       
    Rate of Interest as per BASE RATE System
  Particulars Spread of Base Rate Effective Rate
    10.75%  
       
10 UCO 2-Wheeler    
  a)  General Category 4.25% 15.00%
  b)  Full Liquid Collateral 3.25% 14.00%
  c)  50% Liquid Collateral 3.75% 14.50%
       
11 UCO Swabhiman 2.50% 13.25%
       
12 UCO Earnest Money 1.30% 12.05%
       
13 Commercial Real Estate 5.90% 16.65%
       
14 UCO Real Estate 5.90% 16.65%
       
15 Commercial Vehicle Finance Scheme    
  Upto Rs. 5 lacs 1.30% 12.05%
  Above Rs.5 lacs and upto Rs.25 lacs 3.10% 13.85%
       
  Scheme for financing marble and other stone processing units in the state of Rajasthan    
F Interest Rate Structure:  For HOME LOAN (earlier UCO Shelter)    
       
1) Floating rate loans    
  a)  Floating rate loans (upto & inclusive of Rs.20 lacs)    
       
  Upto & inclusive of 5 years    
  Margin 25% or more 0.50% 11.25%
  Margin less than 25% 1.00% 11.75%
       
  Above 5 years but upto 10 years     
  Margin 25% or more 0.75% 11.50%
  Margin less than 25% 1.25% 12.00%
       
  Above 10 years but upto 15 years     
  Margin 25% or more 1.00% 11.75%
  Margin less than 25% 1.50% 12.25%
       
  Above 15 years but upto 20 years     
  Margin 25% or more 1.00% 11.75%
  Margin less than 25% 1.50% 12.25%
       
  Above 20 years but upto 25 years     
  Margin 25% or more 1.75% 12.50%
  Margin less than 25% 2.00% 12.75%
       
  b)  Floating rate loans (Above Rs.20 lacs but upto & inclusive of Rs.30 lacs)    
       
  Upto & inclusive of 5 years    
  Margin 25% or more 0.75% 11.50%
  Margin less than 25% 1.25% 12.00%
       
  Above 5 years but upto 10 years     
  Margin 25% or more 1.00% 11.75%
  Margin less than 25% 1.50% 12.25%
       
  Above 10 years but upto 15 years     
  Margin 25% or more 1.25% 12.00%
  Margin less than 25% 1.75% 12.50%
       
  Above 15 years but upto 20 years     
  Margin 25% or more 1.50% 12.25%
  Margin less than 25% 2.00% 12.75%
       
  Above 20 years but upto 25 years     
  Margin 25% or more 1.75% 12.50%
  Margin less than 25% 2.25% 13.00%
       
  c)  Floating rate loans (Above Rs.30 lacs but upto & inclusive of Rs.50 lacs)    
       
  Upto & inclusive of 5 years    
  Margin 25% or more 1.25% 12.00%
  Margin less than 25% 1.75% 12.50%
       
  Above 5 years but upto 10 years     
  Margin 25% or more 1.50% 12.25%
  Margin less than 25% 2.00% 12.75%
       
  Above 10 years but upto 15 years     
  Margin 25% or more 1.75% 12.50%
  Margin less than 25% 2.25% 13.00%
       
  Above 15 years but upto 20 years     
  Margin 25% or more 2.00% 12.75%
  Margin less than 25% 2.50% 13.25%
       
  Above 20 years but upto 25 years     
  Margin 25% or more 2.00% 12.75%
  Margin less than 25% 2.50% 13.25%
       
       
  d)  Floating rate loans (Above Rs.50 lacs)    
       
  Upto & inclusive of 5 years    
  Margin 25% or more 1.50% 12.25%
  Margin less than 25% 2.00% 12.75%
       
  Above 5 years but upto 10 years     
  Margin 25% or more 1.75% 12.50%
  Margin less than 25% 2.25% 13.00%
       
  Above 10 years but upto 15 years     
  Margin 25% or more 2.00% 12.75%
  Margin less than 25% 2.50% 13.25%
       
  Above 15 years but upto 20 years     
  Margin 25% or more 2.00% 12.75%
  Margin less than 25% 2.50% 13.25%
       
  Above 20 years but upto 25 years     
  Margin 25% or more 2.00% 12.75%
  Margin less than 25% 2.75% 13.50%
       
  UCO HOME LOAN SCHEME - Interest Rate vide CHO/RM/40/2010-11 dated 18-02-2011
  Period Up to Rs.30 lac More than Rs.30 lac but less than Rs.75 lac Rs. 75 lac and above
  Spread Over Base Rate Final Lending Rate Spread Over Base Rate Final Lending Rate Spread Over Base Rate Final Lending Rate
  Up to 5 years 0.50% 11.25% 0.75% 11.50% 1.00% 11.75%
  Above 5 years and up to 15 years 1.00% 11.75% 1.25% 12.00% 1.50% 12.25%
  above 15 years and up to 25 years 1.50% 12.25% 1.75% 12.50% 2.00% 12.75%
       
  Incase of Special/Specific scheme under midmarket segment/Retail Banking, which have specific validity period, the applicable rate of interest will be as guided by Head Office, Retail Department circular in this regard taking current Base Rate.
       
G Loan against Bank’s Own Term Deposits    
       
  Loans against own  Term Deposits 2% above deposit ROI
  Loans against Third Party FDRs upto  and inclusive of Rs.2 lac BR or 2.00% above deposit ROI whichever is higher
  Loans against Third Party FDRs above Rs.2 lacs                                                          BR+2.00% or 2.50% above deposit ROI whichever is higher
     
    Rate of Interest as per BASE RATE System
  Particulars Spread of Base Rate Effective Rate
    10.75%  
       
H Discounting of Bills under Letters of Credit    
  LC Bills Discounting Rate (*)with usance period of    
       
  Up to 3 months 1.75% 12.50%
  Beyond 3 months & up to 6 months 2.00% 12.75%
       
  Unsecured Loans and Advances and any Other Loans and Advances not specified above
       
  Unsecured Loans and Advances    
              Facilities having Maturity of less than 3 years 8.40% 19.15%
              Facilities having Maturity of 3 years or more 8.90% 19.65%
       
I Any Other Loans and Advances not Specified above    
              Facilities having Maturity of less than 3 years 8.40% 19.15%
              Facilities having Maturity of 3 years or more 8.90% 19.65%

 

B Interest rate Structure consequent upon issue of circular No: CHO/RM/16/2011-12 dated 25-07-2011
  Total Funded Exposure more than Rs 25 lacs (Facilities having maturity less than 3)
  CREDIT RATING * Spread of Base Rate Effective Rate
    10.75%  
  A++ 3.00% 13.75%
  A+ 3.50% 14.25%
  A 4.00% 14.75%
  B+ 4.75% 15.50%
  B 5.00% 15.75%
  B- 5.50% 16.25%
  C 6.00% 16.75%
       
  Total Funded Exposure more than Rs 25 lacs (Facilities having maturity of 3 years or more)
       
  CREDIT RATING*    
  A++ 3.50% 14.25%
  A+ 4.00% 14.75%
  A 4.50% 15.25%
  B+ 5.25% 16.00%
  B 5.50% 16.25%
  B- 6.00% 16.75%
  C 6.50% 17.25%
       
  Unsecured Loans and Advances and any Other Loans and Advances not specified in item A
       
  Unsecured Loans and Advances    
              Facilities having Maturity of less than 3 years 6.50% 17.25%
              Facilities having Maturity of 3 years or more 7.00% 17.75%
       
  Any Other Loans and Advances not Specified above    
              Facilities having Maturity of less than 3 years 6.50% 17.25%
              Facilities having Maturity of 3 years or more 7.00% 17.75%
  *Please refer to HO Circular No: CHO/RM/16/2011-12 dated 25-07-2011. The revision in Spread over Base Rate in the mentioned circular shall be effective in renewal of existing accounts linked to Base Rate and new loans and advances sanctioned on or after 25-07-2011.