State Mortgage & Investment Bank

1.Fixed Interest Rates

1.1 Mortgage Loans

Category	Type of Income	Rates
Category	Type of Income	Up to 07 Years (p.a.)	7-10 years (p.a.)	Above 10 years(p.a.)
Category 01	Salaried income or professional income	14.00 %	15.00 %	16.50 %
Category 02	Other than Salaried Income	15.00 %	16.00 %	N/A

1.2 Personal Loans against Property Mortgage

Category	Type of Income	Rates
Category	Type of Income	Up to 07 Years ( p.a. )	Up to 10 Years ( p.a. )	Up to 15 years ( p.a. )
Category 01	Salaried income or professional income	15.00 %	16.50 %	17.50 %
Category 02	Other than Salaried Income	17.00 %	18.00 %	N/A

1.3 EPF Loans

Loan Category	Period / Amount	Rate (p.a)
EPF	Up to 05 years	16.50 %
	Up to 10 years	16.75%
	Up to 15 years	18.00 %

1.4 Personal Loans

Loan Category	Period / Amount	Rate (p.a)
Personal Loans
Professionals*, Employees in Government/Semi Government Institutions)	Up to 5 years	15.50 %
	Up to 7 years	16.50 %
	Up to 10 years	17.00 %
	Up to 12 years	-
Private Sector Employees	Up to 5 years	17.50%
Private Sector Employees	Up to 7 years	18.50%

^*Professional Income - Income generated through an acceptable professional qualification or as directed by the bank.

1.5 Business Loans

Loan Category	Security	Rate (p.a)
Business Loan	Against movable or immovable property	Up to 05 Years 14.00%	Up to 07 years 15.5%
Business Loan	Against individual or director personal guarantor	Up to 05 Years 16.00%	Up to 07 years 17.5%
Business Development Loan Loans granted for herbal plantation and related activities/ organic fertilizer manufacturing and related activities	Against movable or immovable property	13.50%
	Against individual or director personal guarantee	15.50%
Low Income Group	Other than mortgage	18.00% (up to 05 years)

1.6 Vehicle Loans

Loan Category	Period/ Amount	Rate (p.a)
Vehicle Loan	Up to 05 years	18.00%
Vehicle Loan	Up to 07 years	18.00%

1.7 Supplementary Festival/ Salary Advance Loan Scheme

Loan Category	Period/ Amount	Rate (p.a)
Supplementary Festival/ Salary Advance Loan Scheme	12 months	17.00%

2. Variable Interest Rates (Hybrid/Floating)

2.1 Hybrid/Floating Rates

Option 01: One-year (12months) Fixed rates reprice annually thereafter.

Customer Category	Privilege	Gold	Silver	Repricing
Loan Category	A and above	BBB, BB	B & below	Repricing
EPF Loans	15.00%	15.25%	15.75%	Annually
Estate Loans	15.00%	15.25%	15.75%
Mortgage Loans	12.00%	13.00%	14.00%
Personal Loans	13.50%	14.00%	15.50%
Personal Mortgage	13.50%	14.00%	15.25%
Vehicle loans (Mortgage)	17.50%	18.00%	18.50%

The interest rate will be repriced after 12 months as per the below matrix (Table 01).

Table No 01 (Full Floating)

Customer Category		Privilege	Gold	Silver	Repricing
Loan Category	Base Rate (AWPLR)	Minimum Margin Based on Risk Rating
Loan Category	Base Rate (AWPLR)	A and above	BBB, BB	B & below
EPF Estate Loans	03 Months AWPLR	+ 2.5%	+3.5%	+4.5%	Annually
Mortgage Loans		+ 2.5%	+3.0%	+4.0%
Personal Loans		+ 3.5%	+4.0%	+5.0%
Personal Mortgage		+ 3.0%	+3.50%	+4.50%
Vehicle loans (Mortgage)		+3.5%	+4.0%	+5.0%

Floor Rate % p.a.		13.00 %	13.50%	14.00%

Option 02: Fixed Rate for first 24M/36M/60M (02/03/05 Years), Floating thereafter

Fixed rate applicable for the first 02/03/05 years from date of the first disbursement of the loan. After completion of the first two/three/five years, loans should be repriced as follows.

Customer Category					Privilege	Gold	Silver	Repricing
Loan Category	Fixed Rate (applicable for 1st 24M)	Fixed Rate (applicable for 1st 36M)	Fixed Rate (applicable for 1st 60M)	Base Rate (AWPLR) applicable after fixed tenor	Minimum Margin Based on Risk Rating
Loan Category	Fixed Rate (applicable for 1st 24M)	Fixed Rate (applicable for 1st 36M)	Fixed Rate (applicable for 1st 60M)	Base Rate (AWPLR) applicable after fixed tenor	A and above	BBB, BB	B & below
Mortgage Loans	12.00% p.a	12.50% p.a	-	03 Months AWPLR	+ 2.5%	+3.0%	+4.0%	Annually – After 24/36/60 months.
Personal Mortgage	13.50%p.a.	14.00%p.a.	-		+ 3.00%	+3.50%	+4.50%
Personal Loans	14.00%p.a.	14.50%p.a.	15.00%p.a.		+ 4.00%	+4.50%	+4.75%

Floor Rate % p.a.					13.00 %	13.50%	14.50%

2.2 Business Category – Hybrid Rates

One-year (12months) Fixed rates reprice annually thereafter.

Customer Category	Privilege	Gold	Silver	Repricing
Loan Category	A and above	BBB, BB	B & below	Repricing
Business Loan - Mortgage	13.00%	14.00%	15.00%	Annually
Business Loan - Other than Mortgage	15.00%	16.00%	17.00%	Annually

Table No 02 (Full Floating)

Customer Category		Privilege	Gold	Silver	Repricing
Group Code Loan Category	Base Rate (AWPLR)	Minimum Margin based on Risk Rating
Group Code Loan Category	Base Rate (AWPLR)	A and above	BBB, BB	B & below
Business Loan - Mortgage	Monthly	+2.5%	+3.0%	+4.0%	Quarterly /Semi Annual/Annually
	03 M
	06 M
Business Loan - Other than Mortgage	Monthly	+3.0%	+4.0%	+5.0%	Quarterly /Semi Annual/Annually
	03 M
	06 M

Floor Rate % p.a.		12.50 %	13.50%	14.00%

3.Maximum Loan Period for Loans

Loan Category	Condition Applied
EPF & Estate Loans	Maximum up to 15 years.
Mortgage Loans	Period restricted based on type of income
Personal Loans	Subject to the time-to-time directions issued by the Bank
Personal Mortgage Loans	Period restricted to type of income.
M/SME/Business Loans	Loan/STL tenor, as approved in the credit paper.(max 10 years)
Vehicle Loans (Mortgage)	Maximum up to 07 years.

LOANS & ADVANCES