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FinancingPatternw.e.f.

01112011
For Housing / Infrastructure Project Loans and Takeout Finance (except Hudco Niwas individualhomeloan)

PartA
Sl. No. A Category Extentof Max. Finance Upto(%) 90 2.00% (9.00%) Asper Guidelines 90 1.75% (9.25%) 1.50% (9.50%) 1.00% (10.00%) 0.75% (10.25%) 0.50% (10.50%) +1.00% (12.00%) +2.00% (13.00%) 90 0.75% (11.75%) +1.75% (12.75%) +0.75% (11.75%) ReferenceRate(RR)=11.00% RoI=RR(+/)**Floating Rate 1.00% (10.00%) 0.75% (10.25%) 0.50% (10.50%) +0.25% (11.25%) +0.50% (11.50%) +0.75% (11.75%) +2.00% (13.00%) +3.00% (14.00%) +1.75% (12.75%) +2.75% (13.75%) +1.75% (12.75%) RoI=RR(+/) FixedRate

EWSHousingbyallborrowers(sanctionedonor after24.08.2009) a) HousingProjectsforWidows,SC/ST/OBC, physicallyhandicapped,Singlewomanabove35 yearsofageandnaturalcalamitiesaffectedareas. b) OthersincludingschemesbenefitingEWSfamily andactionplanProjects B LIGHousingProjectsbyallborrowers(sanctioned onorafter24.08.2009) C EWSHousingbyallborrowers(sanctionedbefore 24.08.09) a) HousingProjectsforWidows,SC/STs,physically handicapped,Singlewomanabove35yearsofage andnaturalcalamitiesaffectedareas. b) OthersincludingschemesbenefitingEWSfamily andactionplanProjects D E LIGHousingProjectsbyallborrowers(sanctioned before24.08.09) i) (a)PoliceOrganizationandGovernment/Public SectorBorrowers (b)Government/PublicSectorBorrowersforPower Projects ii) (a) StateGovernmentBorrowings/RatedGovt. Agencies(AA&aboveorequivalentratingby CRISIL,ICRA,CARE&FITCH) (b) RatedGovernment/PublicSectorAgencies(AA &aboveorequivalentratingbyCRISIL,ICRA, CARE&FITCH)forPowerProjects (c)Projects from Maharatna/ Navaratna / Miniratna PSUs & their SPVs (Direct or Consortium) and for Financing of Metro Rail Projects$

90

Sl. No.

Category

Extentof Max. Finance Upto(%)

ReferenceRate=11.00% RoI=RR(+/)**Floating Rate +2.50% (13.50%) or consortium leader, whichever is higher (except PFC/REC, in which case HUDCO would follow the lead lenders rate subject to the rate not being less than the highest interest rate charged by HUDCO forGovt.projects) +2.50% (13.50%) +2.25% (13.25%) +1.00% (12.00%) or the lead lenders rate, whichever is higher. In any case, the applicable lending rate under this category will not be less than the applicable highest rate for Government sector non powersectorprojects. +2.50% (13.50%) +3.00% (14.00%) RoI=RR(+/) FixedRate +3.50% ## (14.50%)

(d)PowersectorConsortiumprojectsfromPrivate Sector

(e)(i)PrivateSectorTransportProjectsincl.Roads &Ports,Airport,etc.(NonConsortium)@@ (e)(ii)PrivateSectorTransportProjectsincl.Roads, Ports, Airport, etc. on Annuity Basis (Non Consortium)@@

+3.50% (14.50%) +3.25% (14.25%) +2.00% (13.00%)

(e)(iii)ConsortiumprojectsofTransportsector fromPrivateSector,incl.Roads&Ports@@

(f)(i)JointVenture/SPVprojectswith50%shareof StateGovernment/CentralGovernment /CentralprofitmakingPSUs (f)(ii)JointVenture/SPVprojectswith26%ormore butlessthan50%shareofState Government/CentralGovernment/Central profitmakingPSUs

70

+3.50% (14.50%) +4.00% (15.00%)

70


@ iii) Otherborrowers

70 +4.25% (15.25%) +4.00% (15.00%) +5.25% (16.25%) +5.25% (16.25%) +5.00% (16.00%) +6.25% (17.25%)

(a)Notrated (b)RatedPrivateCompanies# (AA&aboveorequivalentratingbyCRISIL,ICRA, CARE&FITCH) (bi) Real Estate Projects (i.e. Malls, Market Complex,OfficeComplex,ITParks,Hotels,Resorts, Entertainment, SEZ, SPA, Health Club, Wellness Centresconstructedalongwithmultiplexes)

(bii) Exclusive hotel projects and projects where Governmentextendsdutyconcession/exemption suchasSEZ(approvedbytheGovernment) (biii) Private Sector Consortium financed projects (other than power and real estate Commercial andresidential)

+4.75% (15.75%) +2.50% orconsortium leaderrate,whicheveris higher

+5.75% (16.75%)

+3.50% or consortium leaderrate, whicheveris higher c) Financingofaffordablehousingprojectsbyprivatedevelopers/buildersreintroduced.Fornewprojectsunder thiscategory,interestratesareasfollows SalePriceoftheDwellingUnituptoRs.4.25lakh HUDCOsEWS/LIGinterestrates 13.50% 14.50% 15.25%
th

SalePriceoftheDwellingUnitaboveRs.4.25lakh anduptoRs.12lakh Sale Price of the Dwelling Unit above Rs. 12 lakh anduptoRs.25lakh SalePriceoftheDwellingUnitisaboveRs.25lakh

14.50% 15.50% 16.25%

Foralreadysanctionedschemes,theinterestratewouldbeasperRMCANo.14/DF/2011dated28 June2011, maintainingthespreadaspercurrentreferencerate(i.e.11.00%) (d)CooperativeGroupHousingSocieties (i) GovernmentSectoragencies ApplicableinterestrateunderGovt.Sector (ii) PrivateSectoragencies +3.50% +4.50% (14.50%) (15.50%) INTERESTRATEREBATESAVAILABLEFORALLLOANS LoansecuredbyBankguaranteealone 0.25%

ForRealEstateHousing&CommercialConsortiumProjectsforprivatesector,therateofinterestwillbe theapplicablerateforprivatesectorhousingcommercialsectors.

# Afixedrebateof0.25percentshallbeapplicabletoratedprivatesectoragencies(AAandaboveor equivalent rating by recognized agencies, i.e. ICRA, CARE, CRISIL and FITCH) on their eligible fixed or floatingbaserateaspertheoptionoftheborrower. $ For Government Sector Consortium financed projects, where HUDCO is the lead lender, the rate of interestwillbetheapplicablerateofinterestofHUDCO.IfHUDCOisnottheleadlender,theapplicable rate of interest will be either HUDCO rate of interest or consortium lead lenders rate, whichever is higher. ExtentofFinanceismaximumavailable.However,actualloanwillbebasedonDebtEquityRatio,Means of Financing as per DPR, extent of security requirement or Maximum Extent of Finance, whichever is less.

HUDCOreservestherighttoreviewandrevisetheFloatingRate.Thefactorofplus(+)/minus()overthe referencerateforeachcategoryisvalidupto31stMarch2012.Thiswouldbereviewedon1stApril2012 and every one year thereafter. However, borrowers are given an option to prepay the loan without prepaymentchargesafter3yearsasanalternativetoautomaticresetincaseofincreaseinrateoverthe prevailingrate.

Loansanctioned/releasedatfixedrate(FR)shallbeautomaticallyresetuponexpiryofevery3/5yearsat thenprevailingfixedrate(FR)tomaketherevisionininteresttobeeffectivefromthedateonwhichthe respective releases complete 3/5 years, i.e. from the date of release plus 3/5 years respectively. NecessaryprovisionintheagreementwillbenecessarystatingthatBorrowerisagreeableforautomatic reset upon expiry of 3 years at then applicable fixed rates (FR) and shall execute a supplementary agreement to this effect in case of resetting of loan on fixed rates (FR) as per this circular. However, borrowers are given an option to prepay the loan without prepayment charges after 3 years as an alternativetoautomaticreset. SubjecttoborrowermaintainingratingofAAormoreduringentiretenureofloan.However,therebate ininterestrateasperspecifiednormsshallbeavailableduringthevalidityofratingi.e.,fromthedateof rating or date of release of loan whichever is later, and upto validity of rating. The borrower shall also submit annual rating before end of each financial year. Further, in case of subsequent downgrading of ratingbelowAAornonsubmissionofannualratingbeforeendoffinancialyear,interestratesapplicable toNotratedborrowersshallbecomeapplicablefromfirstdayofnextbillingdatefortheperiodrating remainsdowngraded/notsubmitted. @@ The projects should be undertaken through competitive bidding and should be duly approved by NHAI/StateHighwayAuthority/DEA,MinistryofFinance/MaritimeBoard/TariffAuthorityforMajorPorts, etc.asthecasemaybe. ## The fixed rates for a particular Category would be 1.00% more than the floating rates under the same Category,exceptCategoriesunderC&D,wherethefixedrateis1.25%morethanthefloatingrate

BaseRateforexistingConsortiumschemessanctionedpriortoremovalofBaseratesystemisasfollows:
Category EWS/LIGHousingbyallborrowers Govt.SectorBorrowing/PSUsetc Govt.SectorBorrowing/PSUsPowerprojects OtherBorrowers BaseRatefrom01.11.2011 14.75% 15.25% 14.50% 15.25%