Institutional Finance
| Loan Amount | Effective ROI%* (P.A.) linked to External Benchmark rate** |
|---|
| 1 Crore – 15 Crores | 11% onwards |
Rates offered to customer during the period Sep’23 to Dec’23
| Interest Rates | Effective ROI%* (P.A.) linked to External Benchmark rate** |
|---|
| Minimum Rate of Interest | 12.90% |
| Maximum Rate of Interest | 13.25% |
| Mean Rate of Interest | 13.08% |
| Annual Percentage Rate (APR) | 13.22% |
* Floating – for up to 36 months loan tenor. Fixed – for greater than 36 months loan tenor. * Floating rate loans are linked to 10-year Government of India Securities’ Yield (G-sec) external benchmark. This G-Sec benchmark rate is arrived based on 3 months’ daily average yield of the 10-year Government of India bond curve.
