IFCI has revised its Benchmark Rate with effective from February 11, 2019. IFCI Benchmark Rate (IBR) for Long Term Loans continues to remain unchanged at 10.75% per annum (p.a.) with monthly rests. The IFCI Short-Term Benchmark Rate (IBR-ST) for Short Term Loans has been revised from 9.20% p.a. to 9.30% p.a., with monthly rests.
IFCI was established with intent to provide long-term finance needs of the industrial sector. It founded and developed various institutions namely ICRA for credit assessment rating, Tourism Finance Corporation of India (TFCI) for promotion of the hospitality industry, among others.
