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    This document outlines the new interest rates for various lending categories and sub-categories that will take effect from November 1st, 2023 for IFIC Bank. Key rates include agriculture loans at 9.93%, term loans and working capital for large/medium industries at 10.93%, export pre-shipment loans at 9.93%, housing and consumer loans like auto loans at 10.93%, and credit cards at 20%. Lending against fixed deposits and other financial obligations will be 10.43-10.93%.

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    1698916090_Rate Calcuation

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    This document outlines the new interest rates for various lending categories and sub-categories that will take effect from November 1st, 2023 for IFIC Bank. Key rates include agriculture loans at 9.93%, term loans and working capital for large/medium industries at 10.93%, export pre-shipment loans at 9.93%, housing and consumer loans like auto loans at 10.93%, and credit cards at 20%. Lending against fixed deposits and other financial obligations will be 10.43-10.93%.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    4 views1 page

    Rate Calcuation

    Uploaded by

    cvjgdjkkbmncnn
    This document outlines the new interest rates for various lending categories and sub-categories that will take effect from November 1st, 2023 for IFIC Bank. Key rates include agriculture loans at 9.93%, term loans and working capital for large/medium industries at 10.93%, export pre-shipment loans at 9.93%, housing and consumer loans like auto loans at 10.93%, and credit cards at 20%. Lending against fixed deposits and other financial obligations will be 10.43-10.93%.

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    © All Rights Reserved
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    of 1

    Rate of Interest on Lending With Effect From: 01.11.

    2023

    RATES
    Sl. Categories & Sub Categories (SC) of Lending
    (per annum)
    1 Agriculture
    SC-1. Agriculture Loan-Primary Customer (Maximum Rate) 9.93%
    SC-2. Agriculture Loan-MFI Linkage (Maximum Rate) 9.93%
    2 Term Loan (Large & Medium Scale Industry)
    SC-1. Term Loan (Large & Medium Scale Industry)-Manufacturing 10.93%
    SC-2. Term Loan (Large & Medium Scale Industry)-Non Manufacturing 10.93%
    3 Term Loan (Small Scale Industry) 10.93%
    4 Working Capital (Large & Medium Scale Industry)
    SC-1. Working Capital (Large & Medium Scale Industry)-Manufacturing 10.93%
    SC-2. Working Capital (Large & Medium Scale Industry)-Non Manufacturing 10.93%
    5 Working Capital (Small Scale Industry) 10.93%
    6 Export Pre-Shipment (Maximum Rate) 9.93%
    7 Trade Financing (Commercial)
    SC-1. Trade Financing (Large & Medium Scale Industry) 10.93%
    SC-2. Trade Financing (Small Scale Industry) 10.93%
    SC-3. Bills Purchased & Discounted 10.93%
    8 Housing Loan
    SC-1. Commercial House Building Loan 10.93%
    SC-2. Residential House Building Loan 10.93%
    9 Consumer Credit
    SC-1. Auto Loan 10.93%
    SC-2. Other Consumer Credit 10.93%
    Flexi Loan 10.93%
    Salary Loan 10.93%
    Premium Overdraft 10.93%
    Aamar Account Overdraft - Secured 10.93%
    Aamar Account Overdraft - Unsecured 10.93%
    Term Loan 10TK AC Holder 10.93%
    10 Credit Card 20.00%
    11 Credit to Non Bank Financial Institution (NBFI) 10.93%
    12 Others: Lease Finance 10.93%
    13 Lending against Financial Obligation

    SC-1. Lending against Fixed Deposit (FD)/Deposit Scheme (DS)


    10.43%
    of IFIC Bank

    SC-2. Lending against Other Financial Obligation (FO)


    (Govt. Approved Securities /ICB Unit Certificate/ 10.93%
    WEDB)

    ***1% supervision charge will be applicable yearly for CMSME Loan, Personal loan and Auto Loan under Consumer Fiancing

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