Writing Frameworks Calculators Editorial About Shop — Follow The Tail ↗ Let's talk
Interactive Framework

RAROC Calculator

Build a lending rate from its components — cost of funds, expected loss, capital charge, operating cost — and test whether it clears your hurdle. Companion to Building the Rate: Risk-Based Pricing and RAROC in MSME Lending.

Inputs

Start from a preset, then adjust.

Exposure & price
13.00%
processing + renewal
100%
Cost of funds
7.50%
Expected loss
3.00%
45%
100%
Share of the limit assumed drawn at default
Capital
75%
9.0%
15%
Operating cost
origination + servicing
Risk-adjusted return on capital
57.8%
Clears hurdle

Earns 42.8 pts above the 15% hurdle.

0%hurdle 15%≥ 80%

Where the rate goes

Every component as a percentage of exposure.

Cost of funds Expected loss Capital charge Operating cost Margin
Component% of exposureAnnual ₹

How this is calculated

Expected loss is PD × LGD × EAD, where exposure at default applies the credit conversion factor to the sanctioned limit. For a revolving line, a CCF near 100% is prudent — distressed borrowers draw down what is available to them.

Capital charge is Exposure × Risk weight × CRAR × Cost of equity. Indian banks hold a minimum CRAR of 9%; regulatory retail exposures including MSMEs carry a 75% risk weight under the standardised approach. Move the risk-weight slider to see why a regulatory change in risk weights is, directly, a change in price.

RAROC is (Revenue − Operating cost − Expected loss − Cost of funds) ÷ Capital allocated, tested against the hurdle rate. Below the hurdle the deal should be repriced, restructured or declined — not absorbed silently.

Break-even rate is the lending rate at which risk-adjusted return exactly equals the capital charge at your hurdle. It is almost always lower than lenders assume, and almost always higher than the discount a relationship manager is about to offer.

Illustrative model for educational use. Simplifies tenor, amortisation, tax, funding transfer pricing, cross-sell economics and lifetime versus 12-month loss horizons. Not lending, investment or regulatory advice.