| Loan limit | Interest rate for repayment period <= 6 years | Interest rate for repayment period > 6 years |
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NORMAL TERM LOAN – GRADE POINT SCORED IS 80 AND ABOVE ( AS PER LENDING POLICY 2022 OF THE CORPORATION )
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8.50% P.A.
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8.50% P.A.
|
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NORMAL TERM LOAN – GRADE POINT SCORED IS FROM 70 TO LESS THAN 80 ( AS PER LENDING POLICY 2022 OF THE CORPORATION )
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8.75% P.A.
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8.75% P.A.
|
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NORMAL TERM LOAN – GRADE POINT SCORED IS FROM 60 TO LESS THAN 70 ( AS PER LENDING POLICY 2022 OF THE CORPORATION )
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9.00% P.A.
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9.00% P.A.
|
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NORMAL TERM LOAN – GRADE POINT SCORED IS FROM 40 TO LESS THAN 60 ( AS PER LENDING POLICY 2022 OF THE CORPORATION )
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9.75% P.A.
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9.75% P.A.
|
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WORKING CAPITAL TERM LOAN AND TERM LOAN UNDER LAMP SCHEME – GRADE POINT SCORED IS 80 AND ABOVE ( AS PER LENDING POLICY 2022 OF THE CORPORATION )
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9.25 % P.A.
|
9.25 % P.A.
|
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WORKING CAPITAL TERM LOAN AND TERM LOAN UNDER LAMP SCHEME – GRADE POINT SCORED IS FROM 70 TO LESS THAN 80 ( AS PER LENDING POLICY 2022 OF THE CORPORATION )
|
9.50 % P.A.
|
9.50 % P.A.
|
|
WORKING CAPITAL TERM LOAN AND TERM LOAN UNDER LAMP SCHEME – GRADE POINT SCORED IS FROM 60 TO LESS THAN 70 ( AS PER LENDING POLICY 2022 OF THE CORPORATION )
|
9.75 % P.A.
|
9.75 % P.A.
|
|
WORKING CAPITAL TERM LOAN AND TERM LOAN UNDER LAMP SCHEME – GRADE POINT SCORED IS FROM 40 TO LESS THAN 60 ( AS PER LENDING POLICY 2022 OF THE CORPORATION )
|
10.50 % P.A.
|
10.50 % P.A.
|
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PENALTY ON THE AMOUNT OF DEFAULT TO BE PAID EXTRA IN CASE OF DEFAULT IN THE PAYMENT OF INSTALLMENTS OF PRINCIPAL AND / OR INTEREST AND / OR OTHER DUES OF THE CORPORATION
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2% P.A.
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2% P.A.
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