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What are ADBs interest rates and other charges for loans?

April 26, 2017ADB Charges interest rates Loans

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What are ADBs interest rates and other charges for loans?

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ADB loans to India are provided out of its Ordinary Capital Resources. These are charged at prevailing six-month US dollar LIBOR (London Inter Bank Offer Rate) plus 0.6% per annum. The interest rates are reset every six months with reference to six-month US dollar LIBOR. In addition, ADB charges a 1% front-end fee on the full loan amount (0.5% for loans negotiated and approved during 2003), and a commitment charge of 0.75% per annum on undisbursed loan balances. The six-month US dollar LIBOR is subject to fluctuation. Currently the effective interest rate cost of ADB loans to GOI works out to about 1.7%. See the Loan Disbursement Handbook.