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P H o N E5 : 532731. 33.34,35 F A X- 5 5 3 6 7 4 8e , m o i-l b o m c o c r e @ p n 3 . v s n l , n e t , i n

AX1/PSRC/C|r. -08 No.19t07 09 February 2008 ALL BRANCHES AND OFFICES OF THEBANK DearSir.

Priority Sector& RetailCredit. F I L EN O . 1 11

Re: Revision in Rate of tnterest-sME,Housing Loans and Education Loan. 1. Pleasereferour circularnos. 1'1 AX1/cMB/cirNo' 3106-07 dated30.05.2006 on revision of rate of interest on certain category of advances including SME Loans. 1'2 AX1/PSRC/Ctr.2107-08 datel 11.04.07 and AX1/pSRC/cir.1 4tO7-08dated 24'10'2007on revisionin rate of intereston Retail loan schemes and rate of interest on housingloansrespectively. 2' The Asset LiabilityManagement Gommittee (ALCO)at its meetingheld on 0g-022008 reviewed the rate of inierestapolicable for sME borrourers & retailloan scheme. ALCO has decidedto revisethe rate of interest for sME borrowers, Housing Loans and Educational Loan. The revisionin interest rates are applicable with effect from 11th February200g. 3. Smalfand Medium Enterprises(SME) 3'1 Size wise Rate of fnterest:There is no change in sizewise rate of interest. The sizewise rate of interest applicable for the new entrepreneur(s) is as under: Revisedrates

above ns. 4pgy9Rs.25.00 takh

(-) 2 50 _EPLR

BPLR B P L R( + ) 1 0 0

(-)0 75 EELR

(-)2 00 EeLR

10.75o/o

1 1. 2 5 % 12.50%
13.25o/o

14.25%

Afterthe firstyear of operationwith Bank, concessional rate of interest as per credit ratingis applicable (for loanaboveRs.2.00 lakh).

3.2 RevisedRate of Interest according to credit Rating: with or for wo*ing capitalfacilities withoutTerm Loan comPonent rates lnterest CreditRating BPLR-2.00% 1 1. 2 5 o / o MB.1 BPLR-1 .50o/o 1 1 . 7 5 % MB.2 . O O % 12.25o/o BPLR-1 MB-3 BPLR- 0.75o/o 12.50o/o MB.4 BPLR -0.25o/o 1 3 . 0 0 % MB-5 BPLR+0.25oh 1 3 . 5 0 % M8.6 BPLR +0 .75o/o 14.00o/o MB.7 For Term LoansonlY

MBT.1 MBT-2 MBT-3 MBT-4 MBT-5

M8T-6

B P L R - 1 . 5 0 % 11.75o/o B P L R . 1 . O O % 12.25% B P L R - O . 5% 0 12.75o/o BPLR+O.25% 1 3 . 5 0 % BPLR+0.75% 14.00o/o

BPLR+1 .25o/o 14.50o/o

friendly products, 3.3 For sME units engaged in the productionof environment ratewill be applicable. of 0.50%in thelbove interest concession Rating Agencies under 3.4 Further in case of units rated by accreditedCredit credit and enjoying & credit Ratingscheme oiNstc for small Industries performance be will under as relaxationin the rate of interest limit above Rs.2.00 lakh, f-urther applicable: ratin i. Hiqhest

bY0'50% of interest Reduction

bY 0 .25% of interest Reduction
t i J,

hestratin
: r a ! i t

4. HousingLoans:

{,.
i

on or after 05th March 2007 4.1 Revised Floating Interestrate for loans sanctioned appficable with effect from 11'02'2008'
and Above 5 Years Above 10 Yrs but Upto and Upto & below & inclusive inclusive BPLR.3.OO% 10.25o/o BPLR-2.50% 10.75%

10 inclusive of 5 vears .25o/o Loan amountuPto BPLR.3.50% BPLR-3 Sanctioned 1 0 . 0 0% 9.75% lakh. Rs.20.00
Sanctioned Loan amount BPLR-3.25% 10.00% lakh. a b o v eR s . 2 0 . 0 0 BPLR-2.75% 10.50%

on or after 05.03.07): (loan sanctioned 4.2 Rate of Interestfor Repairsand renovation . 2 5 %( i . e . 1 0 . 0 0 % P'a.) BPLR-3

4.3 New Fixed ROI applicable with effect from 11.02.2008.

Tenorr+

5 yearsand Above 10 years Upto and Above below & 10 but Upto& inclusive inclusive inclusive of 20 yrs of 5 years VTS 11.00% 10.50% Loan amountupto Sanctioned lakh. Rs.20.00 1 1. 5 0 o / o 10.75o/o Sanctioned Loan amount l a k h . R s . 2 0 . 0 0 above

which is de-linkedto BPLR for loans sanctioned floatingrate of interest, 4.4 Existing c h a r tl s a s u n d e r : p r i o rt o 0 5 . 0 3 . 0 7 w i l l r e m a i nu n c h a n g e d . T h e Floating tnterestrate for loans sanctioned prior to 05thMarch 2007. Tenor$ and Above 5 years lnterest rate Upto p.4. and inclusive and Upto of 5 years inclusive 10 years 10.00% 9.50% Sanctioned Loan Floating Above 10 years but below & inclusive of 20 years 10.25%

upto amount lakh Rs.20.00

Sanciioned Loan Floating above amount l a k Rs.20.00 h.
9 .7 5o/o

10.25o/o

1A.25%

5. MahabankEducationLoan Scheme: effect Existingrate of interest Revisedrate of interest-with from 11.02.2008 .25% BPLR-1 Loan amount upto and BPLR-O.75o/o p.a. i . e .1 2 . 0 0 % o. a . lakh i . e . 1 2 . 5 0 o /p inclusive of Rs.4.00 At BPLR.O.50% Loan amount above A t B P L R i.e.1 2 . 7 5 o /p o. a . i . e . 13 . 2 5 o /Q o. a . Rs.4.00 lakh Slab upto 31-5-2006 to existing loansanctioned for education in rate of interest Concessions women borrowers(50 basis point) and existingborrowersunder MahabankFamily with reference to the revised BankingCard Scheme(100 basis point)will be continued rate of interest. rates of interestto women borrowersand Kindly note that the above concessional for the Card (MBFC)Schemeis applicable FamilyBanking borrowers underMahabank lt have been suspended. the schemes as thereafter upto 31-5-2006 loans sanctioned

shouldalso be noted that there are no multiplicity of concessions and the maximum concession will in any caseshallnot exceed1%. available Chart showingthe rate of interestapplicable for Educationloan grantedto existing women borrowers and borrowers under MahabankFamilyBankingCard Schemeis as under: Floating rates Women Floatingrates - MFBC holder Loan upto Rs. 4.00 lakhs LoanaboveRs.4.00 lakh Loan upto Rs.4.00 lakhs LoanaboveRs. 4.00 lakh p.a. BPLR-. 17 5 %i e . 11 . 5 0 % p.a. BPLR-1.00% i.e 12.25% BPLR-2 . 2 5 %i . e .11 . 0 0 %p . a . BPLR-1.50o o.11 . 7 5 %p . a . i ./e

7 . lt is reiteratedthat it is necessaryto display a copy of the revised interest rate structure on the NoticeBoardfor information of all our customers and also to informthe changesin the interestrate to all the eligibleborrowersthrough a letter to be sent "UnderCertificate of Posting" immediately. All are requested to be guidedaccordingly. Yoursfaithfully,

Deputy lvlanager General PSRC & CS.