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Home >> Interst Rates- Loans & Advances >> Retail Rates
 
 
 

Existing borrowers have the option to continue with the existing BPLR System till expiry of their existing contract with the bank or shift to the Base Rate System for which they may contact the concerned branch.

 

LENDING RATE STRUCTURE FOR RETAIL SEGMENT 

 

Term Premium (TP) of 0.50% is to be added where specifically mentioned

 
NO-1 Housing Finance to Individuals including NRIs / Flexible Housing scheme / Existing Fin Basket a/c
 

a) Under Fixed Rate Option

Under BPLR System 

 

 

Under Base Rate System 

 

 

Whenever an existing fixed rate housing loan disbursed under BPLR system, where reset clause is applicable, becomes due for reset, the same should be migrated to Base Rate system and the rate of interest shall be fixed at a rate as applicable to fixed rate loans under the Base rate system, depending upon the original tenor of the loan, on the date of reset and rate shall continue to be fixed till next applicable reset date. The fixed rates shall be fixed at rates, higher by a fixed spread as compared to that of floating rate of similar tenor under Base Rate System and shall be made fixed for 5 years. At the time of each reset after 5 years, the fixed rate shall be fixed at a rate, which should be higher by the same spread over the floating rate applicable on the date of reset for the original tenor. At present, the spread has been fixed at 50 bps.For example the fixed rate on a loan below Rs.75 lac with tenor of up to 25 years shall be the prevailing floating rate (BR) plus 0.50% (50bps)
b) Floating Option
 
  Under BPLR System Under Base Rate System
  Upto Rs 30 lac Above 30 Lacs to < 75 Lacs Rs. 75 Lacs and Above Upto  < 75 Lacs Rs. 75 Lacs and Above
Upto 5 years 11.00% 11.75% 12.00%

 

 

 

 

BR

 

 

 

 

 

BR+0.25%

Above 5 & upto 15 yrs 11.25% 12.00% 12.25%
Above 15 & upto 25 yrs 11.50% 12.25% 12.50%
 
   Under BPLR System Base Rate System
Upto Rs. 20 Lac > Rs. 20 Lac Upto < Rs. 75 Lac Rs. 75 Lacs and Above

c) Flexible Housing

(OD Component)

BPLR BR BR+0.25%

d) OD Facility to Existing

Housing Loan Borrowers

for Personal Needs

BPLR BR BR+0.25%

The aforesaid revised rates of interest under floating option will also be applicable in:
  • Existing as well as new accounts in Flexi-Housing scheme (Term Loan component)
  • In existing accounts in Fin Basket scheme which stands closed.
  • The fixed rate of interest option of Housing Loans, disbursed on or after 01.08.2006, will be subject to reset clause of five years on all repayment tenors except tenor upto 05 year.
  • Extra 0.50% rate of Interest on card rate will be charged in a/cs in respect of 3rd or subsequent house/flat.(as advised by RAMD (RBD) from time to time.)
 
 
NO-2: Earnest Money Deposit Scheme
 
BPLR System Base Rate System
BPLR BR
 
NO-3: Personal Loan to Pensioners
 
  BPLR System Base Rate System
  Less than 3 yrs 3 yrs & above Less than 3 yrs 3 yrs & above
Demand Loan and Term Loan BPLR+0.25% BPLR- 0.25%+ TP BR+3.25% BR+2.75%+TP
Overdraft BPLR+0.50% BR+3.50% 
 
NO-4: Loan against mortgage of Immovable Property
 
BPLR System Base Rate System
Less than 3 yrs 3 yrs & above Less than 3 yrs 3 yrs & above
BPLR+1.75% BPLR + 1.75% + TP BR+4.75% BR+4.75%+TP
 
NO-5: Car Loan@ *
 
BPLR System Base Rate System
Less than 3 yrs 3 yrs & above Less than 3 yrs@@ 3 yrs & above
10.50% 11% BR+1.00% BR+1.50%

@ Till 30.06.2010 Car loan was fixed rate loan. From 01.07.2010, new car loan will be floating i.e. to be changed with change in BR. The old car loans will be mandatorily migrated to base rate system on the reset date.
@@ Base Rate+0.50% to individual borrowers where PNB Score is 60 & above
* During Festival Bonanza ( upto 31.01.2014) interest @ BR +0.40 i.e. 10.65 % ( Fixed) with reset clause of 3 years.
 
 
NO-6: Two-wheeler Loans (PNB SARTHI) *
 
  BPLR System Base Rate System
Less than 3 yrs 3 yrs & above Less than 3 yrs 3 yrs & above
Salary is being disbursed through  the concerned branch and/or under check off facility BPLR BPLR + TP BR+3.00% BR+3.00%+TP
  Other including Business concern BPLR + 1.00% BPLR + 1.00%  +  TP BR+4.00% BR+4.00%+TP

 

* During Festival Bonanza ( upto 31.01.2014) interest @ BR +2.00 i.e. 12.25 % ( Fixed) .
 
NO-7: Personal Loan including old variants *
 
  BPLR System Base Rate System
a. For Public     
i. Individuals whose salary is being disbursed through our branches as also those employees who are availing the loan under check-off facility 15.50% BR+5.00%
ii. For others 16.50% BR+6.00%
b. For Defence Personnel only    
(Applicable for main Scheme only viz. Personal Loan Scheme for Public)
i. Individuals whose salary is disbursed through branch. 15.25% BR+4.75%
ii. For others 16.25% BR+5.75%

 

  BPLR System Base Rate System
Less than 3 yrs 3 yrs & above Less than 3 yrs 3 yrs & above
Salary is being disbursed through  the concerned branch and/or under check off facility BPLR BPLR + TP BR+3.00% BR+3.00%+TP
  Other including Business concern BPLR + 1.00% BPLR + 1.00%  +  TP BR+4.00% BR+4.00%+TP

 

* During Festival Bonanza ( upto 31.01.2014) for purchase of consumer durables BR +2.5 i.e. 12.75 % Fixed & for purchase of consumer durables for furnishing of house/Flat BR +0.25 % i.e. 10.50 % ( Fixed). 

 

 

 
NO-8: Education Loan
 
    BPLR System Base Rate System
Repayable in less than 03 yrs Repayable in 03 yrs & above Repayable in less than 03 yrs Repayable in 03 yrs & above
a. Vidyalakshyapurti        
i. Loan upto Rs.4 lac BPLR – 0.50% BPLR  - 1.00 +  TP BR+3.00% BR+2.50%+ TP
ii. Loan over Rs.4 lac to upto 7.50 Lacs BPLR + 0.25% BPLR -0.25% + TP BR+4.00% BR+3.50%+ TP
iii. Loan over Rs. 7.50 lac BPLR + 0.25% BPLR -0.25% + TP BR+3.50% BR+3.00% + TP
Sarvottam Shiksha ** (For Existing A/cs only)        
i. Loan upto Rs.4 lac BPLR – 0.50% BPLR - 1.00% + TP BR+2.50% BR+2.00%+TP
ii. Loan over Rs.4 lac  BPLR BPLR -0.50% + TP BR+3.00% BR+2.50%+TP
(** Scheme since being merged with Vidyalakshayapurti w.e.f. 20.12.08)
Interest rates of PNB Pratibha#

  

Repayable in less than 03 yrs

Repayable in 03 yrs & above

Loans up to Rs 15 lac

BR+1.50

BR+1.50%+TP

# For admission into premier Educational Institutions of the country.For details contact nearby branch.

 
NO-9: Advance against Jewelry & Ornaments
 
  BPLR System Base Rate System
a) Productive purposes for Agriculture Existing New    
i. Upto Rs.50,000/- BPLR - 0.75% BR+1.50%
ii. Over Rs.50,000/- & upto Rs.10.00 lac BPLR BR+1.50%
b) Productive Purposes (other than agriculture)    
i. Upto Rs.2 lacs BPLR BR+2.50%
ii. Over Rs.2 lacs BPLR BR+2.50%
c) Non-productive purposes Public (Ceiling Rs.2 lacs) BPLR + 1% BR+2.50%
d) Staff (Non-productive purposes) BPLR BR+2.50%
 
NO-10: PNB BAGHBAN (Reverse Mortgage Scheme)
 
  BPLR System Base Rate System
Lending Rate
Reverse Mortgage Scheme for Senior Citizens 10.50% BR+2.50%
 ( Fixed ,subject to re-set clause of 05 years)
 
 
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