Base Rate of Cooperatives
The methodology of the Base Rate of Cooperatives is based on the factors of funding cost, operating cost, negative cost of carry and marginal regulatory cost of capital on the basis of lower risk-weight factor.
The Base Rates according to the purpose of the loan and the above methodology are set to:
1. Base Rate for Housing Loans = 2,75%
2. Base Rate for Consumer Loans = 3,70%
3. Base Rate for Corporate Loans = 2,95%
For loans with cash collateral the Base Rate is set as the 1,40% rate on 3m Notice Account.