Himachal Pradesh Financial Corporation

(AN ISO 9001:2000 CERTIFIED CORPORATION)

RATE OF INTEREST      

S. No.

Eligibility conditions

Rate of interest

 

1

Existing units earning net profits for the last three years, showing an increase in profits in the last three years OR

 

12%  (At Sub-PLR)

30% increase in net worth during the last three years OR

Projects rated as CAAA or CAA+ or  CAA- or equivalent or SMERA  rating scale showing  highest/ high safety

2

Other projects eligible for financing 

 12.5% (At PLR)

In case of sale of assets on deferred payment basis

 12.5%

3

Energy Saving Project(RSEs) in Micro, Small and Medium Sector.

 11.25%

Note:

  1. Additional interest at the rate of 2% shall be charged on the default for the period of default.
  2. The revised interest rates are applicable with immediate effect in respect of all the new projects/cases including cases where the loans are already sanctioned but documents are yet to be executed.
The above interest rates are subject to change from time to time and appropriate clause for this is to be incorporated in the loan Agreement to be executed with the Borrowers.

Last Reviewed/Updated: 16-February-2010