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 ALCO, , with effect from 10.01.2017, the rates of interest have been revised as follows based on 1 Year MCLR ie 8.40% per annum :

 

i) ROI for Agriculture Loans:

 

 

Existing

Revised

S. No.

PRODUCT NAME

ROI PER ANNUM (based on MCLR for 1  Year 9.25 % per annum)

ROI PER ANNUM
(w. e. From 10.01.2017)

based on MCLR for 1  Year i.e. 8.40 % per annum

1.

BMB MICRO CREDIT CARD

MCLR+0.40% i e 9.65%
*Rate as applicable to Mudra Sishu.

MCLR+0.90% i e 9.30%
*Rate as applicable to Mudra Sishu.

2.

BMB KRISHI CARD

CASH CREDIT/CROP LOAN

 UP TO RS.3.00 LACS*

MCLR+0.40% i e 9.65%

MCLR+0.90% i e 9.30%

*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. 10.90%

MCLR+2.15% i.e. 10.55%

TERM LOAN

 

UP TO RS.2.00 LACS

MCLR+0.40% i.e.9.65%

MCLR+0.90% i.e.9.30%

ABOVE RS.2.00 LACS to RS.5.00 LACS

MCLR+1.40% i.e. 10.65%

MCLR+1.90% i.e. 10.30%

ABOVE RS.5.00 LACS

MCLR+2.40% i.e. 11.65%

MCLR+2.90% i.e. 11.30%

3.

BMB MUDRA LOAN SCHEME

 

 

SHISHU

MCLR+0.40% i.e. 9.65%

MCLR+0.90% i.e. 9.30%

KISHORE*

MCLR+1.40% i.e. 10.65%

MCLR+1.90% i.e. 10.30%

TARUN*

MCLR+2.40% i.e. 11.65%

MCLR+2.90% i.e. 11.30%

*0.25% CONCESSION TO WOMEN

4.

BMB SELF HELP GROUP LOANS

MCLR+2.40% i.e. 11.65%

MCLR+2.90% i.e. 11.30%

5.

BMB JOINT LIABILITY GROUP SCHME

MCLR+2.40% i.e. 11.65%

MCLR+2.90% i.e. 11.30%

6.

BMB GRAMIN AWAS LOAN
(MAX. LOAN UP TO RS.15.00 LACS)

MCLR+0.40% i.e. 9.65%

MCLR+0.90% i.e. 9.30%

 

ii) ROI for Retail Loans:

S. No.

PRODUCT NAME

ROI PER ANNUM (Existing)
(based on MCLR for 1  Year 9.25 % per annum

ROI PER ANNUM (Revised)
(w. e. from 10.01.2017)

based on MCLR for 1  Year 8.40 % per annum

7.

BMB SHRINGAAR-LOAN FOR BEAUTY PARLOUR/SALOON/SPA
(Loan Amount not to exceed Rs. 50 Lakhs.)

(Upto 20 Lakhs)
MCLR+2.40% i.e.11.65% (> 20 Lakhs- Upto 50 lakhs)
MCLR+ Spread as per rating

(Upto 20 Lakhs)
MCLR+2.90% i.e.11.30%

(> 20 Lakhs- Upto 50 lakhs)
MCLR+ Spread as per rating

8.

BMB ANNAPURNA LOAN

MCLR+1.90% i e 11.15%

MCLR+2.40% i e 10.80%

9.

BMB APNA GHAR HOME LOAN

 

LOANS UP TO RS.100.00 LACS

MCLR+0.40% i.e 9.65%

MCLR+0.40% i.e 8.80%

LOAN ABOVE RS.100.00 LACS

MCLR+0.90% i.e 10.15%

MCLR+0.90% i.e 9.30%

10.

BMB DREAM CAR LOAN

MCLR+0.90%  i.e 10.15%

MCLR+1.40%  i.e 9.80%

11.

BMB LOAN AGAINST PROPERTY

MCLR+3.70%  i.e 12.95%

MCLR+4.20%  i.e 12.60%

12.

BMB KITCHEN MODERNIZATION LOAN

MCLR+2.40%  i.e 11.65%

MCLR+2.90%  i.e 11.30%

13.

BMB PARVARISH-LOAN FOR DAY CARE CENTRE

MCLR+2.40% i.e 11.65%

MCLR+2.90% i.e 11.30%

14.

BMB RENT LOAN

MCLR+3.70% i.e 12.95%

MCLR+4.10% i.e 12.60%

15.

BMB SARASWATI LOAN

*1% concession for girl child

LOAN UP TO RS.4.00 LACS

MCLR+2.65% I e 11.90%

MCLR+3.15% I e 11.55%

>Rs.4.00 LACS to Rs.7.50 LACS

MCLR+3.15% I e 12.40%

MCLR+3.65% I e 12.05%

>Rs.7.50 LACS

MCLR+2.90% I e 12.15%

MCLR+3.40% I e 11.80%

16.

BMB COMMERCIAL VEHICLE LOAN

 

 

IF LOAN IS AWAILED FOR 3 YEARS

MCLR+2.40%  i.e 11.65%

MCLR+2.90% I e 11.30%

IF AVAILED FOR MORE THAN 3 YRS

MCLR+2.90% I e 12.15%

MCLR+3.40% I e 11.80%

17.

BMB HER AUTO

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

UP TO RS.2.00 LACS

MCLR+0.40% I e 9.65%

MCLR+0.90% I e 9.30%

ABOVE RS.2.00 LACS

MCLR+1.15% I e 10.40%

MCLR+1.65% I e 10.05%

 

FOR POLLUTING VEHILCE (DIESEL, PETROL etc.)

UP TO RS.2.00 LACS

MCLR+0.65% I e 9.90%

MCLR+1.15% I e 9.55%

ABOVE RS.2.00 LACS

MCLR+1.40% I e 10.65%

MCLR+1.90% I e 10.30%

18.

BMB DOCTOR LOAN

 

UP TO RS.1.00 CRORES

MCLR+2.40% I e 11.65%

MCLR+2.90% I e 11.30%

ABOVE RS.1.00 CRORES

MCLR+2.65% I e 11.90%

MCLR+3.15% I e 11.55%

19.

BMB DOCTORS LOAN

 

UP TO RS.100.00 LACS

MCLR+2.40% I e 11.65%

MCLR+2.90% I e 11.30%

ABOVE RS.100.00 LACS

MCLR+2.65% I e 11.90%

MCLR+3.15% I e 11.55%

20.

BMB KAUSAL*
*0.25% CONCESSION TO WOMEN

MCLR+0.65% I e 9.90%

MCLR+1.15% I e 9.55%

21.

BMB Two Wheeler Loan

MCLR+3.40% i.e. 12.65%

MCLR+3.90% i.e. 12.30%

22.

BMB EARNEST MONEY DEPOSIT SCHEME

MCLR+3.40% i.e. 12.65%

MCLR+3.90% i.e. 12.30%

23.

BMB Gold Loan

If covered under agriculture then interest rate as per agriculture loan.
If not, then MCLR+ 2% i.e. 11.25% for 1 year.

If covered under agriculture then interest rate as per agriculture loan.
If not, then MCLR+ 2.50% i.e. 10.90% for 1 year.

 

iii) ROI for MSME Loans:

23.

BMB SME EASY SCHEME

BASED ON CREDIT RISK RATING

S.No

Rating
Scale

Rating Grade

Score Range

Minimum Pricing
1 Year MCLR (9.25%) Existing

Minimum Pricing
1 Year MCLR (8.40%) Revised

  •  

Low

BMB-1

93- 100

= MCLR + 0.90%

= MCLR + 1.40%

  •  

Low

BMB-2

85-92

= MCLR + 1.40%

= MCLR + 1.90%

  •  

Medium

BMB-3

77-84

= MCLR + 1.90%

= MCLR + 2.40%

  •  

Medium

BMB-4

69-76

= MCLR + 2.40%

= MCLR + 2.90%

  •  

Medium

BMB-5

62-68

= MCLR + 2.90%

= MCLR + 3.40%

  •  

Moderately high

BMB-6

54-61

= MCLR + 3.65%

= MCLR + 4.15%

  •  

High

BMB-7

45-53

= MCLR + 4.40%

= MCLR + 4.90%

  •  

Very high

BMB-8

40-44

Non-investment Grade

Non-Investment Grade

  •  

Hurdle Rate-1

BMB-9

35-39

Non-Investment Grade

Non-Investment Grade

  •  

Hurdle Rate-2

BMB-10

30-35

Non-Investment Grade

Non-Investment Grade

  • 0.25% concession for women MSME borrowers.

 

 

 

 

iv) ROI for Corporate Loans:

24.

BMB SME EASY SCHEME

BASED ON CREDIT RISK RATING

no.

Rating Scale

Rating Grade

Score Range

Minimum Pricing MCLR 1 Year (9.25%) Existing

Minimum Pricing MCLR 1 Year (8.40%) Revised

  •  

Low

BMB-1

93- 100

= MCLR + 2.50%

= MCLR + 3.00%

  •  

Low

BMB-2

85-92

= MCLR + 3.00%

= MCLR + 3.50%

  •  

Medium

BMB-3

77-84

= MCLR + 3.50%

= MCLR + 4.00%

  •  

Medium

BMB-4

69-76

= MCLR + 4.00%

= MCLR + 4.50%

  •  

Medium

BMB-5

62-68

= MCLR + 4.50%

= MCLR + 5.00%

  •  

Moderately high

BMB-6

54-61

= MCLR + 5.25%

= MCLR + 5.75%

  •  

High

BMB-7

45-53

= MCLR + 6.00%

= MCLR + 6.50%

  •  

Very high

BMB-8

40-44

Non-Investment Grade

Non-Investment Grade

  •  

Hurdle Rate-1

BMB-9

35-39

Non-Investment Grade

Non-Investment Grade

  •  

Hurdle Rate-2

BMB-10

30-35

Non-Investment Grade

Non-Investment Grade

                             
v) ROI for Public Sector Units linked to external rating:

RATING(ECR)

Minimum Pricing 1 Year MCLR (9.25%) Existing

Minimum Pricing 1 Year MCLR (8.40%) Revised

AAA

Applicable MCLR + 0.50%

Applicable MCLR + 1.00%

AA+

Applicable MCLR + 1.00%

Applicable MCLR + 1.50%

AA

Applicable MCLR + 1.00%

Applicable MCLR + 1.50%

AA-

Applicable MCLR + 1.25%

Applicable MCLR + 1.75%

A+

Applicable MCLR + 1.25%

Applicable MCLR + 1.75%

A

Applicable MCLR + 1.50%

Applicable MCLR + 2.00%

A-

Applicable MCLR + 1.75%

Applicable MCLR + 2.25%

BBB+

Applicable MCLR + 2.00%

Applicable MCLR + 2.50%

BBB

Applicable MCLR + 2.50%

Applicable MCLR + 3.00%

BBB-

Applicable MCLR + 3.00%

Applicable MCLR + 3.50%

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