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Interest Rate on retail Advances linked to MCLR w.e.f 01.04.2016

S.N Loan Products Schemes RATE OF INTEREST (Based on MCLR of 1 year as on 01.04.2016)
1 Housing loan Floating MCLR+0.05% 9.45%
Fixed FLOATING +0.50% 9.95%
Overdraft for HL borrowers MCLR+0.60% 10.00%
For purchase of stand alone solar system MCLR+2.10% 11.50%
1 Car Loan Floating
Women MCLR+0.25% 9.65%
For others To individuals/ corporate where PNB Score is 60 & above/ equivalent rating of other rating model OR where collateral security is available upto 100% or above in the form of Mortgage of Immovable Property (IP) &/or liquid security for prospective borrowers. MCLR+0.35% 9.75%
For others upto 7 years MCLR+0.60% 10.00%
Fixed for all MCLR+0.50% 9.90%
3 Two wheeler Salary being disbursed through PNB and /or under check-off facility. < 3 years MCLR+3.10% 12.50%
= 3 years MCLR+3.60% 13.00%
Others including business concern < 3 years MCLR+4.10% 13.50%
= 3 years MCLR+4.60% 14.00%
Power Ride Upto 36 months MCLR+1.60% 11.00%
S.N Loan Products Schemes RATE OF INTEREST (Based on MCLR of 1 year)
4 Education loan PNB Saraswati/ Kaushal / Udaan Upto Rs.4 lacs MCLR+2.10% 11.50%
Above Rs.4 lacs & upto Rs. 7.50 lac MCLR+3.10% 12.50%
Over Rs. 7.50 lacs (others) MCLR+2.60% 12.00%
Loans over 7.50 lac (where 100% tangible collateral security in the shape of IP, enforceable under SARFAESI Act, and/or liquid security is available) MCLR+1.10% 10.50%
Loan for pursuing education from premier foreign Universities and educational Institutes (201) under PNB UDAAN. MCLR+0.10% 9.50%
Loan to children of PNB`s employees where employee is either co–borrower or guarantor. MCLR+0.10% 9.50%
PNB Pratibha MCLR+0.10% 9.50%
PNB Honhaar MCLR+2.00% 11.40%
5 PERSONAL LOAN Loans upto Rs.10 lac -For individuals whose salary is being disbursed through our branches only (Including Defence Personnel). MCLR+3.10% 12.50%
*Loans above Rs.5 lacs & upto Rs.10 lac* -For other categories i.e., applicants not having salary account with our bank irrespective of check off facility.(*Field functionaries are not empowered to sanction these cases.) MCLR+4.10% 13.50%
Loans upto Rs.5 lac -For individuals who are availing the loan under check off facility (Including Defence Personnel) MCLR+5.10% 14.50%
For others upto Rs.5 lac MCLR+6.10% 15.50%
6 Pension loan Demand loan/ Term loan/Overdraft MCLR+2.60% 12.00%
S.N Loan Products Schemes RATE OF INTEREST (Based on MCLR of 1 year)
7 Gold loan Productive Purpose For agriculture MCLR+1.60% 11.00%
Others MCLR+2.60% 12.00%
Non-Productive Purpose Public/Staff MCLR+2.60% 12.00%
8 Reverse mortgage For all (Fixed with reset clause of five years) MCLR+2.60% 12.00%
9 Earnest Money Deposit For all MCLR+0.10% 9.50%

Advance against Mortgage of Immovable Property (IP)

S.N Scheme under RATE OF INTEREST(Based on MCLR of 1 year)
10 Risk rating/ PNB score For < 3 yr Intt. Table code =3 yr Intt. Table code
A1 / >80 MCLR +1.75 11.15% MEA1M MCLR +2.25 11.65% MIA1M
A2 / > 70 = 80 MCLR +2.00 11.40% MEA2M MCLR +2.50 11.90% MIA2M
A3 / > 64 = 70 MCLR +2.25 11.65% MEA3M MCLR +2.75 12.15% MIA3M
A4 / > 58 = 64 MCLR +2.50 11.90% MEA4M MCLR +3.00 12.40% MIA4M
B1 / > 52 = 58 MCLR +2.75 12.15% MEB1M MCLR +3.25 12.65% MIB1M
B2 / > 46 = 52 MCLR +3.00 12.40% MEB2M MCLR +3.50 12.90% MIB2M
B3 / > 40 = 46 MCLR +3.50 12.90% MEB3M MCLR +4.00 13.40% MIB3M
C1 / > 35 = 40 MCLR +4.00 13.40% MEC1M MCLR +4.50 13.90% MIC1M
C2 / > 25 = 35 MCLR +4.50 13.90% MEC2M MCLR +5.00 14.40% MIC2M
C3 / = 25 MCLR +5.50 14.90% MEC3M MCLR +6.00 15.40% MIC3M

Concession in Rate of interest will be given on the basis of realizable value of Immovable property offered as security as given hereunder:

Available Realizable Value of IP Concession in ROI
Above 200% & upto 250% of loan amount 0.25%
Above 250% & upto 300% of loan amount 0.50%
Above 300% of loan amount 0.75%
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