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Credit Schemes

S. N.

Particulars

Rate

1.

Bank’s Base Rate (BR) w.e.f. 01.05.2012

10.50%
2. Bank's Benchmark Prime Lending Rate (BPLR) w.e.f. 01.05.2012 14.75%
 

 

MSME Finance

Micro, Small & Medium Enterprises (MSME) Advances (Secured):

S.N. Parameters Micro Enterprises Small Enterprises Medium Enterprises

A

Loan up to Rs.50000/-

BR

BR+0.50%

BR+1.00%

B

Above Rs.50000/- to Rs.2.00 lacs.

BR+1.00%

BR+1.50%

BR+2.00%

C

Above Rs.2.00 lakh to Rs.10.00 lacs.

BR+1.50%

BR+2.00%

BR+2.50% 

D

Rs.10.00 lacs & above (Linked  to  Rating  of the account)

AB-1 :BR+1.50%
AB-2 :BR+1.50%
AB-3 : BR+2.50%
AB-4 : BR+3.50%
AB-5 : BR+5.00%
AB-6 : BR+6.00%
AB-7 : BR+7.00%

AB-1:BR+2.00%
AB-2:BR+2.50%
AB-3:BR+3.00%
AB-4:BR+3.50%
AB-5:BR+5.50%
AB-6:BR+6.50%
AB-7: BR+7.50%

AB-1: BR+2.50%
AB-2: BR+3.00%
AB-3: BR+3.50%
AB-4: BR+3.50%
AB-5: BR+5.50%
AB-6: BR+6.50%
AB-7: BR+7.50%

 

Agriculture Advances

Agriculture Advances (Secured):

S.N.

Parameters

Rate

1

Up to Rs.50000 .00

BR+0.75%

2

Above Rs.50000.00 & up to Rs.2.00 Lac

BR+2.00%

3

Above Rs.2.00 Lacs & up to Rs.5.00 Lac

BR+3.50%

4

Above Rs.5.00 Lacs & up to Rs. 10.00lacs

BR+4.50%

5

Above Rs.10.00 Lacs

As per risk rating of borrowers

6

Cold Storage, Warehouse & Rural Go down

 

6.1

Up to Rs.25.00 Lac

BR+3.00%

6.2

Above Rs.25.00 lacs

As per risk rating of borrowers

7.

Financing to SHGs - upto Rs.50000.00 per member & upto Rs.5.00 lacs per Group (Maximum)

BR

8

Loans to MFIs (Micro Finance Institutions)

Up to
Rs.50.00 Lacs

Above
Rs.50.00 Lacs

8.1

AB-1 or highest rating by external agency

BR+2.00%

BR+2.00%             

8.2

AB-2 or high rating by external agency

BR+2.50%

BR+3.00%

8.3

AB-3 or above average rating by external agency

BR+3.50%

BR+4.00%

8.4

AB-4 or average rating by external agency

BR+4.50%

BR+4.50%

8.5

AB-5

BR+5.00%

BR+5.50%

8.6

AB-6

BR+5.50%

BR+6.00%

8.7

AB-7

BR+7.50%

BR+7.50%

Agriculture Advances(Secured): (Based on the rating of accounts)

S.N. Rating Grade Agriculture(Having Exposure above 10.00 Lacs) Poultry(Having Exposure above 25.00 Lacs) Cold Storage, Warehouses & Rural Godown(Having Exposure above 25.00 Lacs)

1

AB-1

BR+4.00%

BR+3.00%

BR+4.00%

2

AB-2

BR+4.50%

BR+4.00%

BR+4.50%

3

AB-3

BR+5.00%

BR+4.50%

BR+5.00%

4

AB-4

BR+5.50%

BR+5.00%

BR+5.50%

5

AB-5

BR+6.00%

BR+5.50%

BR+6.00%

6

AB-6

BR+6.50%

BR+6.00%

BR+6.50%

7

AB-7

BR+7.00%

BR+7.00%

BR+7.00%

 

Rate of Interest under Retail Credit Products

Sl. No.

Scheme

Rate of Interest

1

AllBank Property

BR+5.50%

2

AllBank Rent

BR+5.00%

3

Scheme for O/D in S. B. Accounts:

BR+4.50%

4

All Bank Trade:

  1. For credit limits upto Rs.20.00 Lac for Retail Trade:
  2. For credit limits classified under Micro & Small Enterprises

 

Micro enterprises

Small Enterprises

Loan upto Rs.50000/-

BR

BR+0.50%

Loan above Rs.50000/-  to Rs.2.00 Lac

BR+1.00%

BR+1.50%

Loan above Rs.2.00 Lac to Rs.10.00 Lac

BR+1.50%

BR+2.00%

Rs.10.00 Lac & above (Linked to Rating of the account)

AB-1 : BR+1.50% AB-2 : BR+1.50%
AB-3 : BR+2.50%
AB-4 : BR+3.50%
AB-5 : BR+5.00%

AB-1 : BR+2.00%
AB-2 : BR+2.50%
AB-3 : BR+3.00%
AB-4 : BR+3.50%
AB-5 : BR+5.50%
  1. For borrowers other than mentioned above:
    1. Up to and inclusive Rs.10.00 Lacs - BR+4.00%
    2. Above Rs.10.00Lacs (Linked to Rating of the account):

AB-1

BR+3.50%

AB-2

BR+3.50%

AB-3

BR+4.00%

AB-4

BR+5.00%

AB-5

BR+6.50%

5.

All Bank Mobike:

BR+3.00%

6.

Car Loan:

(i) In case of Salary tie-up & Full Collateral security, Doctors/Medical Practitioners -

BR+0.50%
(For the period up to 31.03.2012)

(ii) In case of Others

BR+0.50%
(For the period up to 31.03.2012)

7.

 Saral Loans:

BR+5.00%
  • 0.50% rebate in interest rate is allowed if liquid collateral security (FDR / NSC / LIP / KVP) or Equitable Mortgage of Land / Building for the amount equal to the loan amount is offered.
  • Additional 0.50% interest rebate may be allowed as under: -
    (a) Small organisations, where number of permanent employees is upto 50: - All employees should draw salary through their respective salary accounts (i.e. accounts of individual employees) maintained with our branches.
    (b) Big organisations where number of permanent employees is more than 50: - In such cases at least 50 employees should draw salary through their respective salary accounts (i.e. accounts of individual employees) maintained with our branches.

8.

Personal Loan to Doctors:

BR+5.00%

9.

Education Loan:

(i)  For IIT/ IIM/ ISB (loan upto 10.00 Lacs)
(ii) For Others
(a) Loan upto 4.00 Lacs
(b) Loan above Rs.4.00 Lacs

BR+2.25%


BR+3.00%
BR+3.00%

@ For girl students, rebate @1% will be allowed under each slab.
Rebate of 1.00% on the interest charged in the moratorium period will be provided if the interest is serviced during the study period when repayment holiday is specified for interest / repayment under the scheme.

10.

Housing Loan for Furnishing:

BR+3.00%

11.

Gyan Dipika

BR+4.00%

12.

Pensioners’ Personal Loan

BR+3.00%
(No processing Fee will be charged for this scheme)

13.

Loan against NSC/ KVP

BR+4.00%

14.

Gold loan:

Loan for Agricultural purpose

Rate prescribed by the bank for agriculture loan. At present as under -
1. Up to Rs.50000.00 – BR+0.75%
2 Above Rs.50000.00 & up to Rs.2.00 Lac – BR+2.00%
3 Above Rs.2.00 Lacs & up to Rs.5.00 Lac – BR+3.50%

Loan for other purposes

BR+4.00%

15.

Short term loan for application money:

If interest is serviced  monthly

BR+3.00%

If interest for 6 months is paid upfront & as margin Interest equivalent of 3 months is paid

BR+2.50%

16.

Reverse mortgage:

BR+2.00%

17.

Housing Loan/Housing Loan to NRI/PIO

 

Floating Category Up to Rs.20 Lac

 

Up to 5 years

BR+0.25%
 

More than 5 Yrs & up to 10 Yrs

BR+0.75%

 

More than 10 Yrs & up to 15 Yrs

BR+1.00%

 

More than 15 Yrs to 25 Yrs

BR+1.25%

 

Floating Category above Rs. 20.00 Lacs but below 50.00 Lacs

 

Up to 5 years

BR+1.00%

 

More than 5 Yrs & up to 10 Yrs

BR+1.50%

 

More than 10 Yrs & up to 15 Yrs

BR+1.75%

 

More than 15 Yrs to 25 Yrs

BR+2.00%

 

Floating Category for loans Rs. 50.00 Lacs and above

 

Up to 5 years

BR+1.50%

 

More than 5 Yrs & up to 10 Yrs

BR+2.00%

 

More than 10 Yrs & up to 15 Yrs

BR+2.25%

 

More than 15 Yrs to 25 Yrs

BR+2.50%

19

ALLBANK COMMERCIAL VEHICLE FINANCE

Loan amount

Micro Enterprises

Small Enterprises

Loans up to Rs. 50000/-

BR

BR+0.50%

Above Rs. 50000/- to Rs. 2.00 Lacs

BR+1.00%

BR+1.50%

Above Rs. 2.00 to Rs. 10.00 Lacs

BR+1.50%

BR+2.00%

Rs. 10.00 Lacs & above (Linked to Rating of the account)

NA  (As the maximum project cost for classification under this sector  is Rs. 10.00 Lacs)

AB-1: BR+2.00%
AB-2: BR+2.50%
AB-3: BR+3.00%
AB-4: BR+3.50%
AB-5: BR+5.50%
AB-6: BR+6.50%
AB-7: BR+7.50%

20

AllBank IPO/ FPO Finance Scheme

BR+3.50%

21

ALLBANK AASHIANA (New Home Loan Scheme)

Up to Rs. 25 Lac

Above Rs. 25 Lac and up to Rs. 75 Lac

Above Rs. 75 Lac and up to Rs. 200 Lac

BR

BR + 0.25%

BR+0.50%

For further details please contact our nearest Branch.
 
 
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