The final lending rate for various products offered by us is arrived at after taking into account market reputation, repo rate, interest, credit and default risk in the related business segment, historical performance of similar homogeneous clients, profile of the borrower, tenor of relationship with the borrower, repayment track record of the borrower (in case he/she is an existing customer), subventions available, deviations permitted, future potential, group strength, overall customer yield, nature and value of primary and collateral security.
Such information is gathered based on information provided by the borrower, credit reports, market intelligence and information gathered by field inspection of the borrower’s premises. The rate of interest for the same product and tenor availed during the same period by different customers need not to be standardised. It could vary for different customers depending upon any or a combination of the factors listed above.