Rate of Interest on Loans

Interest Rate of Various BMB Loan Products

Marginal Cost of Funds based Lending rate (MCLR - shall be effective from 10th January, 2017)

Overnight

1 month

3 month

6 month

1 year

3 year

5 year

More than 5 year

8.20%

8.25%

8.30%

8.35%

8.40%

8.60%

8.70%

8.80%

“Base rate – 9.70%  (with effect from 09th October 2015)

Product Wise Rate of Interest Chart

Taking into consideration the directions of RBI, with effect from 01.04.2016, the rate of interest have been revised as follows based on MCLR for 1 year :

 

  1. (A)ROI for Agriculture Loans:

S. No.

PRODUCT NAME

REVISED ROI PER ANNUM

1.

BMB KRISHI CARD

CASH CREDIT/CROP LOAN

 UP TO RS.3.00 LACS*

MCLR+0.40% i e 9.70%

*Eligible accounts under subvention scheme for short term loan up to Rs.3.00 Lacs will be charged @7.00% p.a. subject to Govt. of India Guidelines.

ABOVE RS.3.00 LACS

MCLR+1.65% i.e. 10.95%

 

TERM LOAN

UP TO RS.2.00 LACS

MCLR+0.40% i.e.9.70%

ABOVE RS.2.00 LACS to RS.5.00 LACS

MCLR+1.40% i.e. 10.70%

ABOVE RS.5.00 LACS

MCLR+2.40% i.e. 11.70%

  1. (B)Micro Credit Card

S. No.

PRODUCT NAME

REVISED ROI PER ANNUM

1.

BMB MICRO CREDIT CARD

MCLR+ 0.40% ie 9.70%

Rate as applicable to Mudra Sishu.

No concession for women

  1. (C)BMB Mudra Loan Scheme

S. No.

PRODUCT NAME

REVISED ROI PER ANNUM

1.

BMB MUDRA LOAN SCHEME

* CONCESSION TO WOMEN-0.25% on Card rate for KISHORE & TARUN Only

SHISHU

MCLR+0.40% i.e. 9.70%

KISHORE*

MCLR+1.40% i.e. 10.70%

TARUN*

MCLR+2.40% i.e. 11.70%

  1. (D)BMB Self Help Group Loans

S. No.

PRODUCT NAME

REVISED ROI PER ANNUM

1.

BMB SELF HELP GROUP LOANS

MCLR+2.40% i.e. 11.70%

 

 

  1. (E)BMB Joint Liability Group Scheme

S. No.

PRODUCT NAME

REVISED ROI PER ANNUM

1.

BMB JOINT LIABILITY GROUP SCHME

MCLR+2.40% i.e. 11.70%

  1. (F)BMB GraminAwas Loan

S. No.

PRODUCT NAME

REVISED ROI PER ANNUM

1.

BMB GRAMIN AWAS LOAN

(MAX. LOAN UP TO RS.15.00 LACS)

MCLR+0.40% i.e. 9.70%

  1. (G)SME & Retail Loans:

S. No.

PRODUCT NAME

REVISED ROI PER ANNUM

1.

BMB SHRINGAAR-LOAN FOR BEAUTY PARLOUR/SALOON/SPA

(Loan Amount not to exceed Rs. 50 Lakhs.)

Loans =<10Lacs to be covered under MUDRA

Upto 10 Lakhs    As Per Rate Applicable For MUDRA Loans

Upto 20 Lakhs    MCLR+2.40% i.e.11.70%

> 20 Lakhs- Upto 50 lakhs)

MCLR+ Spread as per rating

2.

BMB ANNAPURNA LOAN

As Per Rate Applicable For MUDRA Loans of Particular Category

3.

BMB PARVARISH-LOAN FOR DAY CARE CENTRE

As Per Rate Applicable For MUDRA Loans of Particular Category

4.

BMB COMMERCIAL VEHICLE LOAN----- NOT TO BE CLASSIFIED UNDER MUDRA FOR INTEREST BENEFIT

 FOR 3 YEARS

MCLR+2.40% I e 11.70%

 FOR MORE THAN 3 YRS

MCLR+2.90% I e 12.20%

5.

BMB HER AUTO

FOR NON-POLLUTING VEHICLE (CNG, LPG, BATTERY DRIVEN etc.)

UP TO RS.2.00 LACS

MCLR+0.40% I e 9.70%

ABOVE RS.2.00 LACS

MCLR+1.15% I e 10.45%

 

 

BMB HER AUTO (FOR POLLUTING VEHILCE (DIESEL, PETROL etc.)

UP TO RS.2.00 LACS

MCLR+0.65% I e 9.95%

ABOVE RS.2.00 LACS

MCLR+1.40% I e 10.70%

6.

BMB DREAM CAR LOAN

MCLR+0.90%  i.e 10.20%

7.

BMB Two Wheeler Loan

 

MCLR+3.40% i.e. 12.70%

8.

BMB LOAN AGAINST PROPERTY

MCLR+3.70%  i.e 13.00%

9.

BMB RENT LOAN

MCLR+3.70% i.e 13.00%

10.

BMB KITCHEN MODERNIZATION LOAN

MCLR+2.40%  i.e 11.70%

11.

BMB SARASWATI LOAN

*1% concession for girl child

LOAN UP TO RS.4.00 LACS

MCLR+2.65% I e 11.95%

>Rs.4.00 LACS to Rs.7.50 LACS

MCLR+3.15% I e 12.45%

>Rs.7.50 LACS

MCLR+2.90% I e 12.20%

12.

BMB KAUSAL*

*0.25% CONCESSION TO WOMEN

MCLR+0.65% I e 9.95%

13.

BMB DOCTOR LOAN

 

UP TO RS.1.00 CRORES

MCLR+2.40% I e 11.70%

ABOVE RS.1.00 CRORES

MCLR+2.65% I e 11.95%

14.

BMB EARNEST MONEY DEPOSIT SCHEME

MCLR+3.40% i.e. 12.70%

15.

BMB APNA GHAR HOME LOAN

 

LOANS UP TO RS.100.00 LACS

MCLR+0.40% i.e 9.70%

LOAN ABOVE RS.100.00 LACS

MCLR+0.90% i.e 10.20%

16.

BMB Gold Loan

Agriculture - interest rate as per agriculture loan.

All Others-MCLR+ 2.40% i.e. 11.70% for 1 year.

 

  1. (H)ROI for MSME Loans:Other than for MUDRA LOANS beyond Rs.10.00Lacs

17.

BMB SME EASY SCHEME

BASED ON CREDIT RISK RATING With 0.25% concession for women

S. No

Rating Scale

Rating Grade

Score Range

Minimum Pricing

  1.  

Low

BMB-1

93- 100

= MCLR + 0.90%

  1.  

Low

BMB-2

85-92

= MCLR + 1.40%

  1.  

Medium

BMB-3

77-84

= MCLR + 1.90%

  1.  

Medium

BMB-4

69-76

= MCLR + 2.40%

  1.  

Medium

BMB-5

62-68

= MCLR + 2.90%

  1.  

Moderately high

BMB-6

54-61

= MCLR + 3.65%

  1.  

High

BMB-7

45-53

= MCLR + 4.40%

  1.  

Very high

BMB-8

40-44

Non-Investment Grade

  1.  

Hurdle Rate-1

BMB-9

35-39

Non-Investment Grade

  1.  

Hurdle Rate-2

BMB-10

30-35

Non-Investment Grade

 

  1. (I)ROI for Corporate Loans:

18.

BMB SME EASY SCHEME

BASED ON CREDIT RISK RATING

no.

Rating Scale

Rating Grade

Score Range

Minimum Pricing

  1.  

Low

BMB-1

93- 100

=MCLR + 2.50%

  1.  

Low

BMB-2

85-92

= MCLR + 3.00%

  1.  

Medium

BMB-3

77-84

= MCLR + 3.50%

  1.  

Medium

BMB-4

69-76

= MCLR + 4.00%

  1.  

Medium

BMB-5

62-68

= MCLR + 4.50%

  1.  

Moderately high

BMB-6

54-61

= MCLR + 5.25%

  1.  

High

BMB-7

45-53

= MCLR + 6.00%

  1.  

Very high

BMB-8

40-44

Non-Investment Grade

  1.  

Hurdle Rate-1

BMB-9

35-39

Non-Investment Grade

  1.  

Hurdle Rate-2

BMB-10

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