NEDFi added that the new Interest Rate Structure will be called External Benchmark Rate (EBR) and henceforth, all new loans above Rs.100 lakh sanctioned by the Corporation will be linked to EBR. Presently the EBR, linked with SBI’s 1-year MCLR is 7% and a spread of 0 to 6% shall be charged over and above the EBR depending on the credit rating as well as other viability parameters of the project.
