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Interest Rates on Export Credit w.e.f. 21.02.2007 (% p.a.) |
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1. Preshipment Rupee
Export Credit |
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(a) (i) Upto 180 days |
2.75% below BPLR
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(ii) Beyond 180
days & upto 270 days |
1.75% below BPLR
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(b) Against incentives
receivable from Government covered by ECGC Guarantee
upto 90 days |
2.75% below BPLR
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2. Postshipment Rupee
Export Credit @ |
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(a) Demand Bills for
transit period (as specified by FEDAI) |
2.75% below BPLR
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(b) Usance Bills (for
total period comprising usance period of export
bills, transit period as specified by FEDAI, and
grace period, wherever applicable)
(i) Upto 90 days |
2.75% below BPLR
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(ii) Beyond 90 days and
upto 6 months from
the date of shipment |
1.75% below BPLR (for the period beyond 90 days)
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(c) Against incentives
receivable from Government covered by ECGC Guarantee
(upto 90 days) |
2.75% below BPLR
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(d) Against undrawn
balance (upto 90 days) |
2.75% below BPLR
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(e) Against retention
money (for supplies portion only) Payable within one
year from the date of shipment (upto 90 days) |
2.75% below BPLR
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3. Deferred Credit |
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Deferred credit for the
period beyond 180 days |
Rate applicable to term
loans based on the borrowers’ credit rating. |
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4.Export credit not
otherwise specified (ECNOS) |
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(a) Preshipment credit |
Rate applicable to cash credit advances as per credit rating.
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(b) Postshipment credit
I For the overdue period up to six months
from the date of shipment |
BPLR + 1.85%
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II Beyond 6
months from the date of shipment |
BPLR + 2.50%
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