Bank Of India PLR Rate

I want to know Banks Prime Lending Rate (BPLR) Interest rates fixed by Bank Of India, here I will gather information for you?

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Don’t worry I will let you know Bank Of India, Banks Prime Lending Rate (BPLR) Interest rates so that you can go through it.

The Bank Of India is commercial bank which has 5100 branches which 56 offices outside India, which includes five subsidiaries, five representative offices, and one joint venture offering various products and services.

Here are BPLR rates
For advances Rs.10 lacs and above in Large and Mid Corporate – which will be effective from 01.05.2012 are as under:
Rating Model Spread % over BPLR Revised w.e.f.
01.05.2012
Nil 14.75%
SBS 1-3 MS 1 to MS 2 1.00 15.75%
SBS 4-6 MS 3 to MS 4 2.00 16.75%
SBS 7 MS 5 & MS 6 3.25 18.00%
SBS 8-10 MS 7 to MS10 3.50 18.25%

Large / Mid Corporate Credit Commercial Advances w.e.f. 09.02.2013.

Limits upto Rs.2 lakhs Existing Revised
On working capital/short term loans/term loans (1 year and above) :
15.00% 14.75%

Limits above Rs.2 lakhs and upto Rs.10 lakhs
The rates prescribed by respective SBU to be followed.

In case of advances which are not covered under any other 1% over BPLR i.e. SBUs but falling under C&IC Sector, rate to be quoted is presently 15.75%.

BPLR Interest rates





Address:-
Bank Of India
STAR HOUSE
C - 5, "G" Block,
Bandra Kurla Complex,
Bandra (East),
Mumbai 400 051.

Phone:-
022-66684444