Rajasthan State Industrial Development

& Investment Corporation Limited

Udyog Bhawan, Tilak Marg, JAIPUR - 5

 

 

No. FDI/I&A/IDBI/91/Pt.IV

Dated :  October  27, 2006

 

 

OFFICE ORDER

 

 

Sub:     Rationalization of Interest Rate Structure of Term Loan applicable to "Good Borrowers".

 

 

The Board of Directors of the Corporation in its meeting held on 12th October, 2006 has accorded approval for reducing the rebate of Good Borrowers - Category A from present 2% to 1.5% and Good Borrowers - Category -B from present 1% to 0.5% for new sanctions of loans.  Consequently, the interest rate structure for Good Borrowers shall be as under :

 

Sr. No.

Particulars

RIICO's lending rate

Documented rate of interest

1.

Good Borrowers - Category A

13.00%

11.50%

2.

Good Borrowers - Category B

13.00%

12.50%

 

Based on the prevailing rebate of 2.5% on timely payment, the net effective interest rate for Good Borrowers - Category A and Category - B would be 9% and 10% per annum respectively for new sanctions of loans.

 

The above order shall be effective from 12th October, 2006 i.e. the date of approval by the Board.

 

 

 

 

                                                                                                                   ( Ajit Singh )

Financial Advisor