Bank of Baroda



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Interest Rates on Advances

MID/LARGE CORPORATE | RETAIL LOAN | PRIORITY SECTOR | SME | EXPORT CREDIT


MCLR

MCLR rate w.e.f from 07.04.2016
Sr. No. MCLR Benchmark MCLR in (%)

1

Overnight MCLR

9.00

2

1 Month MCLR

9.05

3

3 Month MCLR

9.05

4

6 Month MCLR

9.05

5

1 year MCLR

9.25

6

3 year MCLR

9.25

7

5 year MCLR

9.45

Note - The bank has also decided to levy a strategic premium of 0.35% over and above the MCLR as above.


Base Rate (per annum) w.e.f. 05.10.2015 9.65%

Our BPLR for all the existing accounts is 13.90% per annum w.e.f from 05.10.2015

Rate of interest for Mid/Large Corporate/ Non-regulatory/SME expanded advances linked to Base Rate w.e.f 01.04.2016

Rating Large and Mid Corporate Advances Non regulatory SME /SME Expanded Advances
CR-1 BR+1.50% BR+1.25%
CR-2 BR+1.60% BR+1.35%
CR-3 BR+2.10% BR+1.85%
CR-4 BR+2.65% BR+2.40%
CR-5 BR+3.50% BR+3.25%
CR-6 & Below BR+5.90% BR+5.70%

Rate of interest for Mid/Large Corporate/ Non-regulatory/SME expanded advances linked to MCLR w.e.f 01.04.2016

Rating Large and Mid Corporate Advances Non regulatory SME /SME Expanded Advances
CR-1 MCLR + STRATEGIC PREMIUM + 1.50% MCLR + STRATEGIC PREMIUM + 1.25%
CR-2 MCLR + STRATEGIC PREMIUM+1.60% MCLR + STRATEGIC PREMIUM+1.35%
CR-3 MCLR + STRATEGIC PREMIUM + 2.10% MCLR + STRATEGIC PREMIUM + 1.85%
CR-4 MCLR + STRATEGIC PREMIUM + 2.65% MCLR + STRATEGIC PREMIUM + 2.40%
CR-5 MCLR + STRATEGIC PREMIUM + 3.50% MCLR + STRATEGIC PREMIUM + 3.25%
CR-6 & Below MCLR + STRATEGIC PREMIUM + 5.90% MCLR + STRATEGIC PREMIUM + 5.70%

Rate of interest on Bill Discounted under LC for all categories
Particulars

Rate of interest

1. When Bills Discounted are under Letter of Credit of our Bank/other prime Banks
a. Having contractual maturity from 1 to 90 days. 0.50% above Base Rate
b. Having contractual maturity from 91 to 180 days. 0.75% above Base Rate
c. Having contractual maturity more than 180 days upto 1 year(Our Bank's LC) 4.00% above Base Rate
d. Having contractual maturity more than 180 days upto 1 year (Other Bank's LC) 4.50% above Base Rate

 

Rate of Interest for Retail Loans based on Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. 01.04.2016.

In terms of RBI guidelines, effective from 01.04.2016, pricing of all rupee loans and advances linked to Marginal Cost of Funds Based Lending Rate (MCLR).

Rate of Interest under all Retail Loans are linked to 1 year MCLR from 1st  April, 2016.

Existing borrowers of the Bank shall have an option to switch over from Base Rate system  to interest rates linked to MCLR (other than Fixed Rate Loans).  Borrowers willing to switch over to the MCLR based interest rate may contact the respective branch.

 

 

Product

Rate of Interest

1.

BARODA HOME LOAN &
BARODA HOME IMPROVEMENT LOAN

From  One year MCLR + Strategic Premium
to
One year MCLR + Strategic Premium + 1.00%

(As per Risk Rating of the applicant/s.)

Baroda Home Loan Advantage

Upto Rs 75.00 Lacs   : Normal Home Rate
Above Rs 75.00 Lacs: 0.25% over Normal Home Loan Rate

Baroda CRE Home Loan

0.25% over  Normal Home Rate

 

Baroda CRE Home Loan (Advantage)

Upto Rs 75Lacs     : 0.25%  over Normal Home Rate
Above Rs 75 Lacs : 0.50% over  Normal Home Rate

 

Baroda Additional Assured Advance (AAA)

One year MCLR + Strategic Premium + 1.50%

2.

BARODA MORTGAGE LOAN

One year MCLR + Strategic Premium + 3.25%

3.

BARODA ASHRAY (REVERSE MORTGAGE LOAN)

One year MCLR + Strategic Premium + 1.75%

4.

BARODA TRADERS LOAN:

Traders Loan-Irrespective of loan limit / facility (OD / TL)

One year MCLR + Strategic Premium + 2.00%

Traders Loan Against security of Gold ornaments / Jewellery / Gold Coins

One year MCLR + Strategic Premium + 2.00%

5.

BARODA LOAN TO DOCTORS

Up to Rs 2.00 Lacs : One year MCLR + Strategic Premium + 3.00%
Above Rs 2.00 Lacs : One year MCLR + Strategic Premium + 2.50%

6.

Baroda Vidya (For School Education from Nursery to XII) & Baroda Gyan (For Higher Studies in India)

Up to Rs 7.50 Lacs : One year MCLR + Strategic Premium + 2.50%
Above Rs 7.50 Lacs : One year MCLR + Strategic Premium + 1.75%

Baroda Education Loan to Students of Premier Institutions
(For Studies in India)

For List-A Institutions :
Upto Rs 15 Lacs   : One year MCLR + Strategic Premium + 0.25%  
Above Rs 15 Lacs: One year MCLR  + Strategic Premium

For List-B Institutions:
Upto Rs 7.50 Lacs   : One year MCLR + Strategic Premium + 0.75%
Above Rs 7.50 Lacs: One year MCLR + Strategic Premium + 0.50%

Baroda Scholar
(For Studies abroad)

List A Institute and List B Institutes:
One year MCLR + Strategic Premium + 1.00%
Other Institutes not specified in List A and List B
: One year MCLR + Strategic Premium + 2.50%

Baroda Career Development

One year MCLR + Strategic Premium + 2.75%

Baroda Skill Loan Scheme

One year MCLR + Strategic Premium + 1.50%

7.

BARODA AUTO LOAN

Car Loan:

From  One year MCLR + Strategic Premium + 0.25% 
to
One year MCLR + Strategic Premium +2.00%

(As per Risk Rating of the applicant/s.)

Two Wheeler Loan: One year MCLR + Strategic Premium + 4.00%

8.

BARODA ADVANCE AGAINST SECURITIES

Against NSC / KVP

Loan: 

One year MCLR  + Strategic Premium + 3.50%
 or  0.50% over NSC / KVP  rate, whichever is higher

Overdraft:

One year MCLR  + Strategic Premium + 4.00%
or 0.75% over NSC  / KVP,  whichever is higher

Against Life Insurance Policy / Relief Bonds

Loan:  

One year MCLR  + Strategic Premium + 3.50%

Overdraft:

One year MCLR  + Strategic Premium + 4.00%

Advance Against Gold Ornament / Jewellery/Gold Coins

One year MCLR  + Strategic Premium + 3.00%

9.

BARODA PERSONAL LOAN

 

  1. Baroda  Personal Loan

One year MCLR  + Strategic Premium + 4.50%

  1. Baroda Premium Personal Loan

 

Category A: MCLR + Strategic Premium + 3.00%
Category B: MCLR + Strategic Premium + 4.00%

  1. Loan for Earnest Money Deposit

One year MCLR  + 3.25%

Baroda Home Loan Suraksha Personal Loan

As applicable to Home Loan account for which funding of Insurance Premium amount

10.

BARODA LOAN TO PENSIONERS

 One year MCLR + Strategic Premium + 2.00%

For Retired Bank of Baroda/ their Family pensioners:
One year MCLR + Strategic Premium

11.

Baroda Loan for Subscription to Public Issue/IPO

One year MCLR + Strategic Premium + 3.75%

12.

LOAN/OD AGAINST BANKS OWN DEPOSITS (LABOD/ODBOD):

 For Public/ Senior Citizen/Staff (against Resident Deposits)

1.00% over Interest Rate on Fixed Deposit

Advance Against the securities of third party FDRs
(against Resident Deposits)-

1.00% over Deposit rate
or  One year MCLR + Strategic Premium + 0.25% whichever is higher.


Rate of Interest for Retail Loans linked to Base Rate

Baroda Home Loan to Individuals / NRIs / PIOs
Fixed Rate option Not Available
Floating Rate option (for fresh sanctions and for existing accounts w.e.f. 13.07.2015)
Repayment Period Up to Rs. 30 Lacs Above Rs. 30 Lacs and below Rs. 75 Lacs 75 Lacs and above

Upto 5 years

Base Rate i.e. 9.65%

Base Rate i.e. 9.65%

Base Rate i.e. 9.65%

Over 5 years & up to 15 years

Base Rate i.e. 9.65%

Base Rate i.e. 9.65%

Base Rate i.e. 9.65%

Over 15 years & up to 30 yrs

Base Rate i.e. 9.65%

Base Rate i.e. 9.65%

Base Rate i.e. 9.65%



Baroda Home Improvement Loan
  • Base Rate + 2.50%

  • Baroda Additional Assured Advance (AAA) (Resident / NRIs / PIOs)
  • Base Rate + 1.50%

  • Baroda Auto Loan

    Baroda Car Loan/ Baroda Car Loan to HNIs / Corporate w.e.f. 01.07.2013

    Repayment period upto 5 years

    Base Rate + 0.25% at present (irrespective of tenure)

    Repayment period > 5 years



    Baroda Loan for Two Wheelers
  • Base Rate + 4.00%

  • Baroda Mortgage Loan (w.e.f 01.10.2013)
  • Base Rate + 3.25%

  • Baroda Ashray (Reverse Mortgage)
    Fixed Rate Option:

    Not Available

    Floating Rate Option

    Base Rate + 1.75%


    Baroda Traders Loan (irrespective of loan limit/OD/TL)
  • Base Rate + 2.00%

  • Traders Loan Against security of Gold ornaments / Jewellery
  • Base Rate + 2.00%

  • Baroda Loan to Doctors
    Upto Rs.2.00 lacs

    Base Rate + 3.00%

    Above Rs.2.00 lacs

    Base Rate + 2.50%


    Baroda Education Loan (w.e.f. 01.10.2013)
    Loans upto Rs.4.00 lacs Base Rate + 2.50%
    Loans above Rs.4.00 lacs and upto Rs 7.50 lacs
    Loans above Rs.7.50 lacs Base Rate + 1.75%
    Baroda Education Loan to students of Premier Institutions 

    (No special concession for girl students under this scheme.)

    For List-A Institutions:
    Upto Rs.15.00 Lacs : Base Rate + 0.25%
    Above Rs.15.00 Lacs : Base Rate .

    For List-B Institutions:
    Upto Rs.7.50 Lacs : Base Rate + 0.75%
    Above Rs.7.50 Lacs: Base Rate + 0.50%
    Baroda Education Loan for Vocational Education & Training Base Rate + 2.00%

    No special concession for girl students under this scheme.

    **0.50% concession in ROI to Education Loans sanctioned for the benefit of girl student.


    Baroda Career Development
  • Base Rate + 2.75%


  • Baroda Advance Against Securities
    A Against NSC/KVP

    Loan: Base Rate + 3.50% or 0.50% over NSC / KVP rate, whichever is higher
    Overdraft: Base Rate + 4.00% or 0.750% over NSC / KVP rate, whichever is higher

    B Life Insurance Policy / Relief Bonds

    Loan: Base Rate + 3.50%
    Overdraft: Base Rate + 4.00%

    C Baroda Advance against Gold Ornaments/ Jewelleries Base Rate + 3.00%

    Baroda Personal Loan

  • Base Rate + 4.50%
  • Except for following Purpose

  • Loan to Pensioners: Base Rate + 4.50%
  • Loan to Defence Pensioners: Base Rate + 4.50%
  • Loan for Earnest Money Deposit: Base Rate + 3.25%

  • Baroda Salary Advantage Savings Account
  • Base Rate + 5.50%

  • Baroda Loan Against Future Rent Receivables
  • Base Rate + 3.25%

  • Loan against Bank's own Deposit (LABOD) - For advances below Rs. 1 Crore (w.e.f 01.08.2013)

    Category Loan to depositor Loan to third party
    Domestic (Public) 1.00% over deposit rate 1% over deposit rate or 0.25% above Base Rate, whichever is higher.
    Senior Citizens 1.00% over deposit rate Not applicable

    # Maximum loan amount subject to current RBI/FEMA guidelines.

    Loan against Bank's own Deposit (LABOD) - For advances of Rs. 1 Crore and above(w.e.f 01.08.2013)

    Category Loan to depositor Loan to third party
    Domestic (Public) 1.00% over deposit rate 1.00% over deposit rate or 0.25% above Base Rate, whichever is higher.


    Loan against NRE Term Deposits:- (w.e.f. 03.09.2013)

    Sr No. Loans/Overdrafts Revised interest structure
    1 For Self 1.00% over the interest rate on NRE Term Deposit
    2 For Third Party 1.00% over the interest rate on NRE Term Deposit or Base Rate +0.25% whichever is higher

    Loan against FCNR (B) Deposits:- (w.e.f. 19.07.2010)

    Sr. No. Loans/Overdrafts interest structure
    1 For Self Base Rate plus 100 bps
    2 For Third Party

    (i) Up to Rs. 2 Lacs

    Base Rate plus 100 bps

    (ii) Above Rs. 2 Lacs

    (a) For Personal Purpose

    Base Rate plus 300 bps

    (b) For Business purposes

    Base Rate plus 400 bps


    Priority Sector

    Sr. No. Parameter Interest rate (per annum) w.e.f. 01.08.2013
    1. Direct Agriculture (Production Credit & Investment Credit*)
    1.1 Limit up to Rs 3 lacs 7.00% p.a. (Fixed) : Subject to Govt. of India providing subvention to Bank on such advances.

    Otherwise as mentioned below :

    Base Rate .
    1.2

    Above Rs 3 lacs and
    less than Rs 25 lacs

    Base Rate+1.25%

    1.3

    Rs 25 lacs and above

    Base Rate+2.00%

    *Investment Credit will attract tenure premium as mentioned separately
    2 Indirect Agriculture/Other Priority Sector
    (Other than housing Loans, Retail Lending Products & MSE)
    2.1

    Loans up to Rs 3 lacs

    Base Rate+0.50%

    2.2

    Above Rs 3 lacs and
    less than Rs 25 lacs

    Base Rate+1.50%
    (The pricing is delinked from credit rating. However, the credit rating is to be carried out to ascertain the risk profile of the portfolio.)

    2.3

    Rs 25 lacs and above.

    Ranging from Base Rate+1.50% to Base Rate + 3.50% . for loans depending upon credit rating of individual borrower irrespective of the tenure as mentioned below.

    2.5.1: For Indirect Agriculture: Rs 25.00 lacs & above:
    2 CR 1

    Base Rate+1.50% . at present.

    2.1.1 CR 2

    Base Rate+1.75% . at present.

    2.1.2 CR 3

    Base Rate+2.00% . at present.

    2.1.3

    CR 4

    Base Rate+2.50% . at present.

    CR 5

    Base Rate+2.75% . at present.

    2.1.4 CR 6, 7, 8, 9 & 10

    Base Rate+3.25% . at present.

    2.1.4.1 For Other Priority Sector (For advances other than Agriculture/Retail/SME Banking) : Rs 25.00 lacs & above:
    2.1.4.1.1 CR 1 Base Rate+1.90%. at present.
    2.1.4.1.2 CR 2 Base Rate+2.25% . at present.
    2.1.4.1.3 CR 3 Base Rate+2.25% . at present.
    2.1.4.1.4 CR 4 Base Rate+2.75%. at present.
    2.1.4.1.5 CR 5 Base Rate+3.00% . at present.
    2.1.4.1.6 CR 6, 7, 8, 9 & 10 Base Rate+3.50%. at present.
    3 Advances to special category of borrowers/activities/purposes:
    Sr.No.

    Parameter

    Interest Rates

    3.1 Finance to PACS/ FSS/ LAMPS for on lending to farmers irrespective of loan limit / purpose. 7.00% p.a. (Fixed) *Subject to Govt. of India providing subvention to Banks on such advances.
    Otherwise, rate will be:
    Base Rate+0.50%
    3.2 Finance to SHGs/JLGs
    • Upto Rs 3 lacs as applicable to Agriculture / Other Priority Sector advances as the case may be.

    Above Rs 3 lacs - Base Rate+1.00%

    3.3

    Advances for construction of Godowns designed to store agriculture produce / products

    Base Rate+0.50%

    3.4.1

    Advances against warehouse receipts to farmers up to Rs 50.00 lacs @

    Base Rate+1.00%

    3.4.2

    Advances against ware house receipts to other than farmers @

    Base Rate+2.00%

    3.5

    Loans for purchase of four wheelers to farmers

    Rate of interest applicable for Baroda car Loan minus 0.25% subject to minimum ROI of Base Rate

    3.6

    Financing construction
    of farm house cum dwelling unit to farmers

    Rate of interest applicable for housing loan scheme of our Bank.

    3.7

    Advances for construction & running of cold storages designed to store agriculture produce/ products

    Base Rate+2.00%

    3.8

    Advances for poultry units

    Base Rate+1.00%

    @ Concession of 0.25% is allowed for negotiable warehouse receipt.

    Tenure Premium to be introduced for term loans as under :

    Click for Interest Rates on Deposits


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