Interest Rate on MSME Loans

MSME Products/Schemes

Spread Over One year MCLR

Effective ROI

1

Mudra

0.15

8.85

2

Advances to Micro & Small Enterprises(MSE)

a.

Funded exposure upto Rs 25 lacs

1.15

9.85

b.

More than 25 lacs and upto Rs 1.00 Crore

2.15

10.85

c.

More than Rs 1.00 Crore

Based on internal rating

UCO 1

1.90

10.60

UCO 2

2.15

10.85

UCO 3

2.15

10.85

UCO 4

2.65

11.35

Below UCO 4

3.15

11.85

Note-

No internal rating required upto Rs 1.00 Crore.
CGTMSE Covergae is mandatory for loans upto Rs 1.00 Crore

3.

UCO Udyog Bandhu Scheme

a.

Upto Rs 10.00 lacs

0.15

8.85

b.

Above Rs 10.00 lacs and upto Rs 1.00 Crore

1.15

9.85

c.

More than Rs 1.00 Crore

Based on internal rating

UCO 1

1.90

10.60

UCO 2

2.15

10.85

UCO 3

2.15

10.85

UCO 4

2.65

11.85

Below UCO 4

3.15

11.85

For Women entrepreneurs: 0.50% ROI less than the effective ROI

4.

UCO Mahila Uthan Scheme

Cash Credit

0.15

8.85

5.

Advances to MFIs

UCO1/UCO 2

2.15

10.85

UCO 3 & below

3.15

11.85

6.

General Credit Card scheme

0.15

8.85

7.

UCO Commercial Vehicle scheme

Loans upto Rs 25 lacs

1.15

9.85

Above Rs 25 lacs and upto Rs 1.00 Cr

2.15

10.85

8.

UCO Trader

Loans upto Rs 1.00 Crore

1.15

9.85

Above Rs 1.00 Cr to Rs 5.00 Crore

Based on Internal rating

UCO 1

2.15

10.85

UCO 2/ UCO 3

2.40

11.10

UCO 4

2.65

11.35

Below UCO 4

2.95

11.65

9.

Advances to Medium Enterprises

Exposure upto Rs 1.00 Crore

2.15

10.85

Above Rs 1.00 Cr

Based on Internal rating

UCO 1

1.90

10.60

UCO 2

2.15

10.85

UCO 3

2.15

10.85

UCO 4

2.65

11.35

Below UCO 4

2.95

11.65

S.No.

Scheme

MCLR

Spread

Rate of interest (%)

1

Artisans Credit Card

8.70

1.15

9.85

2

Laghu Uddayami Credit Card

8.70

1.15

9.85

3

PMEGP

8.70

1.15

9.85

4

Rice Sheller Scheme

8.70

1.15

up to 25 lacs= 9.85,
above 25 lacs to 1 cr= 8.70+2.15=10.85,    
above 1 cr according Rating

5

Swarojgar Credit Card

8.70

1.15

9.85

6

UCO Doctor

8.70

1.15

up to 25 lacs= 9.85,
above 25 lacs to 1 cr= 8.70+2.15=10.85,    
above 1 cr according Rating

7

Weavers Credit Card

8.70

1.15

9.85

8

UCO CA Scheme

8.70

2.15

10.85

9

UCO Roop Sangam

8.70

1.15

9.80

10

UCO Bunkar Rinn Yojana

For working capital upto Rs 50000/-=MCLR=8.70%
Above Rs 5000/- and upto Rs 3 Lacs: MCLR+1.00=9.70%
Above Rs 3.00 lacs & upto Rs 5.00 lacs= MCLR+1.50=10.20%