Category | GNI Per Capita (2012) | Terms | Fixed/ Variable |
Standard/ Option |
Interest Rate (%) | Repayment Period (Years) | Grace Period (Years) | Conditions for Procurement | |
---|---|---|---|---|---|---|---|---|---|
Least Developed Countries | Low-Income Countries * |
0.01 | 40 | 10 | Untied | ||||
General Terms |
Fixed | Standard | 0.70 | 30 | 10 | ||||
Option1 | 0.65 | 25 | 7 | ||||||
Option2 | 0.60 | 20 | 6 | ||||||
Option3 | 0.55 | 15 | 5 | ||||||
Preferential Terms ** |
Standard | 0.01 | 40 | 10 | |||||
Option1 | 0.01 | 30 | 10 | ||||||
Option2 | 0.01 | 20 | 6 | ||||||
Low-Income Countries |
-US$ 1,035 | General Terms |
Fixed | Standard | 1.20 | 30 | 10 | Untied | |
Option1 | 0.90 | 25 | 7 | ||||||
Option2 | 0.75 | 20 | 6 | ||||||
Option3 | 0.65 | 15 | 5 | ||||||
Preferential Terms ** |
Standard | 0.25 | 40 | 10 | |||||
Option1 | 0.20 | 30 | 10 | ||||||
Option2 | 0.15 | 20 | 6 | ||||||
Option3 | 0.10 | 15 | 5 | ||||||
STEP *** | Standard | 0.10 | 40 | 10 | Tied | ||||
Lower- Middle-Income Countries |
US$ 1,036- US$ 1,965 |
General Terms |
Fixed | Standard | 1.40 | 30 | 10 | Untied | |
Option1 | 0.80 | 20 | 6 | ||||||
Option2 | 0.70 | 15 | 5 | ||||||
Variable **** | Standard | JPY LIBOR+10bp | 30 | 10 | |||||
Option1 | JPY LIBOR | 20 | 6 | ||||||
Option2 | JPY LIBOR-5bp | 15 | 5 | ||||||
Preferential Terms ** |
Fixed | Standard | 0.30 | 40 | 10 | ||||
Option1 | 0.25 | 30 | 10 | ||||||
Option2 | 0.20 | 20 | 6 | ||||||
Option3 | 0.15 | 15 | 5 | ||||||
Variable **** | Standard | JPY LIBOR-100bp | 40 | 10 | |||||
Option1 | JPY LIBOR-110bp | 30 | 10 | ||||||
Option2 | JPY LIBOR-120bp | 20 | 6 | ||||||
Option3 | JPY LIBOR-125bp | 15 | 5 | ||||||
STEP *** | Fixed | Standard | 0.10 | 40 | 10 | Tied | |||
Middle-Income Countries |
US$ 1,966- US$ 4,085 |
General Terms |
Fixed | Standard | 1.40 | 25 | 7 | Untied | |
Option1 | 0.95 | 20 | 6 | ||||||
Option2 | 0.80 | 15 | 5 | ||||||
Variable **** | Standard | JPY LIBOR+15bp | 30 | 10 | |||||
Option1 | JPY LIBOR+10bp | 25 | 7 | ||||||
Option2 | JPY LIBOR+5bp | 20 | 6 | ||||||
Option3 | JPY LIBOR | 15 | 5 | ||||||
Preferential Terms ** |
Fixed | Standard | 0.30 | 40 | 10 | ||||
Option1 | 0.25 | 30 | 10 | ||||||
Option2 | 0.20 | 20 | 6 | ||||||
Option3 | 0.15 | 15 | 5 | ||||||
Variable **** | Standard | JPY LIBOR-95bp | 40 | 10 | |||||
Option1 | JPY LIBOR-105bp | 30 | 10 | ||||||
Option2 | JPY LIBOR-110bp | 25 | 7 | ||||||
Option3 | JPY LIBOR-115bp | 20 | 6 | ||||||
Option4 | JPY LIBOR-120bp | 15 | 5 | ||||||
STEP *** | Fixed | Standard | 0.10 | 40 | 10 | Tied | |||
Upper- Middle-Income Countries |
US$ 4,086- US$ 7,115 |
General Terms |
Variable **** | Standard | JPY LIBOR+20bp | 30 | 10 | Untied | |
Option1 | JPY LIBOR+15bp | 25 | 7 | ||||||
Option2 | JPY LIBOR+10bp | 20 | 6 | ||||||
Option3 | JPY LIBOR+5bp | 15 | 5 | ||||||
Fixed | Standard | 1.70 | 25 | 7 | |||||
Option1 | 1.60 | 20 | 6 | ||||||
Option2 | 1.50 | 15 | 5 | ||||||
Preferential Terms ** |
Variable **** | Standard | JPY LIBOR-90bp | 40 | 10 | ||||
Option1 | JPY LIBOR-100bp | 30 | 10 | ||||||
Option2 | JPY LIBOR-105bp | 25 | 7 | ||||||
Option3 | JPY LIBOR-110bp | 20 | 6 | ||||||
Option4 | JPY LIBOR-115bp | 15 | 5 | ||||||
Fixed | Standard | 0.60 | 40 | 10 | |||||
Option1 | 0.50 | 30 | 10 | ||||||
Option2 | 0.40 | 20 | 6 | ||||||
Option3 | 0.30 | 15 | 5 | ||||||
Uppermost- Middle-Income Countries |
US$ 7,116- US$12,615 |
General Terms |
Variable **** | Standard | JPY LIBOR+20bp | 25 | 7 | Untied | |
Option1 | JPY LIBOR+15bp | 20 | 6 | ||||||
Option2 | JPY LIBOR+10bp | 15 | 5 | ||||||
Preferential Terms ** |
Standard | JPY LIBOR-95bp | 30 | 10 | |||||
Option1 | JPY LIBOR-105bp | 20 | 6 | ||||||
Option2 | JPY LIBOR-110bp | 15 | 5 | ||||||
Consulting Services | For consulting services, the interest rate will be minimal (0.01%) and the repayment, grace periods and conditions for procurement will be the same as those for main components. | ||||||||
Options for Program Type Japanese ODA Loans |
In case of co-financing, it is possible to apply the same repayment terms as co-financer's lending while maintaining the concessionality of Yen loans. |
* For Low-Income LDCs, the term and condition of 0.01% interest rate and 40-year repayment period including 10-year grace period are applied, irrespective of sectors and fields.
** Preferential Terms are applied for the following sectors and fields:
(i) Problems and Issues on Global Environmental and Climate Change
(ii) Health and Medical Care and Services
(iii) Disaster Prevention and Reduction
(iv) Human Resource Development
**** Although the base rate of Variable Loan is the value of the 6-month Japanese Yen LIBOR, the spread shall be fixed.The actual value of interest rate will be capped so that the grant element over the life of the loan is at least 25%, and if the actual value of interest rate is lower than 0.1%, the interest shall be 0.1%.
***** Irrespective of the country category, the term and condition of 0.01% interest rate and 40-year repayment period including 10-year grace period are applied to projects assisting recoveries from disasters, including Stand-by Emergency Credit for Urgent Recovery (SECURE). For Stand-by Emergency Credit for Urgent Recovery (SECURE), the term and condition of 20-year repayment period including 6-year grace period, or 15-year repayment period including 5-year grace period are also available, in order to apply Currency Conversion Option.