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Interest Rates

Marginal Cost Of Fund Based Lending Rates (MCLR)

MCLR w.e.f. 01.06.2024

MCLR W.E.F. 01-06-2024

MCLR TENOR

Existing w.e.f. 01.05.2024

Revised w.e.f. 01.06.2024

Overnight 8.25% 8.25%
One month 8.30% 8.30%
Three month 8.45% 8.50%
Six month 8.65% 8.70%
One year 8.80% 8.85%
Three years 9.10% 9.15%

MCLR Historical Rates

MCLR Historical Rates

For the Month

MCLR (%)

Overnight

1-month

3-month

6-month

1-year

3-Years

June-24 8.25 8.30 8.50 8.70 8.85 9.15
May-24 8.25 8.30 8.45 8.65 8.80 9.10
Apr-24 8.30 8.35 8.45 8.65 8.80 9.10
Mar-24 8.30 8.35 8.45 8.65 8.80 9.10
Feb-24 8.30 8.35 8.45 8.65 8.80 9.10
Jan-24 8.25 8.30 8.40 8.60 8.70 9.00
Dec-23 8.20 8.25 8.35 8.55 8.65 8.95
Nov-23 8.20 8.25 8.35 8.55 8.65 8.95
Oct-23 8.15 8.25 8.35 8.55 8.65 8.95
Sep-23 8.15 8.25 8.35 8.55 8.65 8.95
Aug-23 8.10 8.20 8.30 8.50 8.60 8.90
Jul-23 8.10 8.20 8.30 8.50 8.60 8.90
Jun-23 8.10 8.20 8.30 8.50 8.60 8.90
May-23 8.00 8.10 8.20 8.40 8.50 8.80
Apr-23 8.00 8.10 8.20 8.40 8.50 8.80
Mar-23 8.00 8.10 8.20 8.40 8.50 8.80
Feb-23 7.90 8.00 8.10 8.30 8.40 8.70
Jan-23 7.80 7.90 8.00 8.20 8.30 8.60
Dec-22 7.45 7.50 7.60 7.80 8.10 8.40
Nov-22 7.40 7.45 7.55 7.75 8.05 8.35
Oct-22 7.10 7.15 7.25 7.45 7.75 8.05
Sep-22 7.05 7.10 7.20 7.40 7.70 8.00
Aug-22 7.00 7.05 7.15 7.35 7.65 7.95
Jul-22 6.90 6.95 7.05 7.25 7.55 7.85
Jun-22 6.75 6.80 6.90 7.10 7.40 7.70
May-22 6.60 6.65 6.75 6.95 7.25 7.55
Apr-22 6.60 6.65 6.75 6.95 7.25 7.55
Mar-22 6.60 6.65 6.75 6.95 7.25 7.55
Feb-22 6.60 6.65 6.75 6.95 7.25 7.55
Jan-22 6.60 6.65 6.75 6.95 7.25 7.55
Dec-21 6.60 6.65 6.75 6.95 7.25 7.55
Nov-21 6.60 6.65 6.75 6.95 7.25 7.55
Oct-21 6.60 6.65 6.75 6.95 7.25 7.55
Sep-21 6.65 6.70 6.80 7.00 7.30 7.60
Aug-21 6.65 6.70 6.80 7.00 7.30 7.60
Jul-21 6.65 6.70 6.80 7.00 7.30 7.60
Jun-21 6.65 6.70 6.80 7.00 7.30 7.60
May-21 6.65 6.70 6.90 7.10 7.35 7.60
Apr-21 6.65 6.70 6.90 7.10 7.35 7.60
Mar-21 6.65 6.70 6.90 7.10 7.35 7.60
Feb-21 6.65 6.70 6.90 7.10 7.35 7.60
Jan-21 6.65 6.70 6.90 7.10 7.35 7.60
Dec-20 6.65 6.70 6.90 7.10 7.35 7.60
Nov-20 6.65 6.70 6.90 7.10 7.35 7.60
Oct-20 6.80 6.80 6.95 7.15 7.35 7.60
Sep-20 6.80 6.80 6.95 7.15 7.35 7.60
Aug-20 6.80 6.80 6.95 7.15 7.35 7.60
Jul-20 7.05 7.05 7.20 7.40 7.60 7.85
Jun-20 7.05 7.05 7.20 7.40 7.60 7.85
May-20 7.20 7.20 7.35 7.55 7.75 8.00
Apr-20 7.20 7.20 7.35 7.55 7.75 8.00
Mar-20 7.50 7.50 7.65 7.85 8.05 8.30
Feb-20 7.50 7.50 7.65 7.85 8.05 8.30
Jan-20 7.50 7.50 7.65 7.85 8.05 8.30
Dec-19 7.75 7.80 7.85 8.05 8.15 8.35
Nov-19 7.75 7.80 7.85 8.05 8.15 8.35
Oct-19 7.85 7.90 7.95 8.15 8.25 8.45
Sep-19 7.90 7.95 8.00 8.20 8.30 8.50
Aug-19 7.90 7.95 8.00 8.20 8.30 8.50
Jul-19 8.00 8.05 8.10 8.30 8.40 8.60
Jun-19 8.05 8.10 8.15 8.35 8.45 8.65
May-19 8.05 8.10 8.15 8.35 8.45 8.65
Apr-19 8.05 8.10 8.15 8.35 8.45 8.65
Mar-19 8.05 8.10 8.15 8.35 8.45 8.65
Feb-19 8.15 8.20 8.25 8.45 8.55 8.75
Jan-19 8.15 8.15 8.25 8.45 8.50 8.70
Dec-18 8.15 8.15 8.25 8.45 8.50 8.70
Nov-18 8.15 8.15 8.25 8.45 8.50 8.70
Oct-18 8.10 8.10 8.20 8.40 8.45 8.65
Sep-18 7.90 8.05 8.20 8.40 8.45 8.60
Aug-18 7.90 8.05 8.20 8.40 8.45 8.60
Jul-18 7.90 8.05 8.20 8.40 8.45 8.60
Jun-18 7.80 7.95 8.10 8.30 8.40 8.55
May-18 7.80 7.95 8.10 8.25 8.30 8.45
Apr-18 7.80 7.95 8.10 8.25 8.30 8.45
Mar-18 7.80 7.95 8.10 8.25 8.30 8.45
Feb-18 7.65 7.80 7.95 8.10 8.15 8.30
Jan-18 7.65 7.80 7.95 8.10 8.15 8.30
Dec-17 7.65 7.80 7.95 8.10 8.15 8.30
Nov-17 7.75 7.90 8.00 8.10 8.15 8.30
Oct-17 7.75 7.90 8.00 8.10 8.15 8.30
Sep-17 7.75 7.90 8.00 8.10 8.15 8.30
Aug-17 8.00 8.10 8.20 8.30 8.35 8.50
Jul-17 8.00 8.10 8.20 8.30 8.35 8.50
Jun-17 8.00 8.10 8.20 8.30 8.35 8.50
May-17 8.05 8.15 8.25 8.30 8.35 8.50
Apr-17 8.20 8.25 8.35 8.40 8.45 8.60
Mar-17 8.20 8.25 8.35 8.40 8.45 8.60
Feb-17 8.20 8.25 8.35 8.40 8.45 8.60
Jan-17 8.20 8.25 8.35 8.40 8.45 8.60
Dec-16 8.90 8.95 9.05 9.10 9.15 9.30
Nov-16 9.00 9.05 9.15 9.20 9.25 9.40
Oct-16 9.05 9.10 9.20 9.25 9.30 9.45
Sep-16 9.10 9.15 9.25 9.30 9.35 9.50
Aug-16 9.10 9.15 9.25 9.30 9.35 9.50
Jul-16 9.15 9.20 9.30 9.35 9.40 9.55
Jun-16 9.15 9.20 9.30 9.35 9.40 9.55
May-16 9.15 9.20 9.30 9.35 9.40 9.55
Apr-16 9.15 9.20 9.30 9.35 9.40 9.55

External Benchmark Linked Lending Rates

Repo Linked Lending Rates (RLLR)

RLLR w.e.f. 09.02.2023

Repo Linked Lending Rate (RLLR)

Existing w.e.f.08-12-2022

Revised w.e.f.09-02-2023

9.00%

(RLLR 8.75% + BSP 0.25%)

9.25%

(RLLR 9.00% + BSP 0.25%)

Know About RLLR

The RLLR has been changed from 8.75% to 9.00% {Repo Rate (6.50%) + Mark-up (2.50%)} w.e.f. 09-02-2023 for all customers. Along with RLLR BSP of 25 bps will be charged.

All new floating rate personal or Retail loans (housing, auto etc.) and floating rate loans to Micro, Small and Medium Enterprise loans w.e.f. 08th November 2021 onwards will continue with the mark up of 2.50% + 25bps of BSP and the same will be reset after 3 years from the date of opening of the account.

Existing floating rate personal or Retail loans (housing, auto etc.) and floating rate loans to Micro, Small and Medium Enterprise loans w.e.f. 17th September 2021 to 07th November 2021 shall continue with the mark up of 2.55% + 25bps of BSP and the same will be reset after 3 years from the date of opening of the account.

However, in case of existing floating rate Personal or Retail loans (housing, auto etc.) and floating rate loans to Micro, Small and Medium Enterprise loans w.e.f 01st September 2020 to 16th September 2021 shall continue with the existing Mark-up of 2.80% and the same will be reset after 3 years from the date of opening of the account.

Further, in case of existing borrowers with loans (linked to RLLR) sanctioned between 01st October 2019 and 31st August 2020, will continue with the Mark-up of 2.65% which shall be reset after a period of three years from the date of opening of the account.

Historical RLLR

Historical Interest Rate On RLLR

W.e.f.

RLLR

RLLR+BSP*

09-02-2023* 9.00 9.25
08-12-2022* 8.75 9.00
01-10-2022* 8.40 8.65
06-08-2022* 7.90 8.15
09-06-2022* 7.40 7.65
07-05-2022* 6.90 7.15
08-11-2021* 6.50 6.75
17-09-2021* 6.55 6.80
01-09-2020 6.80 6.80
01-06-2020 6.65 6.65
01-04-2020 7.05 7.05
04-10-2019 7.80 7.80
01-10-2019 8.05 8.05

Other External Benchmark Linked Rates

Base Rate

Base Rate w.e.f. 01-04-2024

Base Rate

Existing w.e.f.01-01-2024 Revised w.e.f.01-04-2024
9.50% 9.50%

Historical Base Rate

Historical Base Rate (in Percentage)

W.E.F. BASE RATE
01-04-2024 9.50
01-01-2024 9.50
01-10-2023 9.50
01-07-2023 9.50
01-04-2023 9.50
01-01-2023 9.00
01-10-2022 8.80
01-07-2022 8.75
01-04-2022 8.50
01-01-2022 8.50
01-10-2021 8.50
01-07-2021 8.55
01-03-2021 8.65
01-12-2020 8.65
01-09-2020 8.80
01-04-2020 8.90
01-01-2020 9.05
01-06-2018 9.25
01-09-2017 9.15
01-01-2017 9.35
01-10-2015 9.60
07-05-2015 10.00
09-02-2013 10.25
01-05-2012 10.50
01-08-2011 10.75
05-05-2011 10.00
01-02-2011 9.50
13-12-2010 9.00
01-10-2010 8.50
01-07-2010 8.00

BPLR

BPLR Rates

w.e.f. BPLR
01-05-2012 14.00
01-08-2011 14.25
05-05-2011 13.50
01-02-2011 13.00
08-12-2010 12.50
01-08-2010 11.75
01-05-2009 11.00
01-02-2009 11.50
01-01-2009 12.00
01-12-2008 12.50
01-11-2008 13.50
01-08-2008 14.00
01-07-2008 13.00
01-03-2008 12.50
16-04-2007 13.00
15-02-2007 12.25
01-01-2007 11.75
01-08-2006 11.50
01-05-2006 11.25
01-01-2004 10.75
w.e.f. PLR
01-06-2003 11.00
01-12-2002 11.25
01-03-2001 11.50
07-08-2000 12.00
10-04-2000 11.50
01-01-2000 12.00

“BANK WILL CHARGE INTEREST ON ALL ADVANCES, UNLESS OTHERWISE SPECIFIED ON THE BASIS OF 365 DAYS PER YEAR”.

RLLR (Presently 9.00%) + BSP (Presently 0.25%)

A. RETAIL LOANS

HOUSING LOAN

Margin & Loan Amount

CIBIL

CRIF

EXPERIAN

EQUIFAX

Floating ROI

Fixed ROI

Tenure upto 10 years

Tenure above 10 years

For loan above Rs. 30 lacs

LTV Ratio

<= 80%

800 & above

877 & above

812 & above

829 & above

RLLR+BSP-0.85%

(presently 8.40%)

9.40%

9.90%

Irrespective of Loan Amount

LTV Ratio <= 80%

PNB Pride*

RLLR+BSP-0.80%

(presently 8.45%)

9.45%

9.95%

750 and above

743 and above

784 and above

777 and above

700-749

610-742

756-783

727-776

RLLR+BSP-0.35%

(presently 8.90%)

9.90%

10.40%

600-699

502-609

618-755

560-726

RLLR+BSP+ 0.75%

(presently 10.00%)

11.00%

11.50%

Loan Amount upto 30 lacs

LTV Ratio more than 80% but upto 90%

PNB Pride*

RLLR+BSP-0.70%

(presently 8.55%)

9.55%

10.05%

750 and above

743 and above

784 and above

777 and above

700-749

610-742

756-783

727-776

RLLR+BSP-0.25%

(presently 9.00%)

10.00%

10.50%

600-699

556-609

668-755

610-726

RLLR+BSP+ 0.85%

(presently 10.10%)

11.10%

11.60%

Home Loan (CRE Category)

Margin & Loan Amount

CIBIL

CRIF

EXPERIAN

EQUIFAX

Floating ROI

Fixed ROI

Tenure upto 10 years

Tenure above 10 years

For loan above Rs. 30 lacs

LTV Ratio<= 80%

800 & above

877 & above

812 & above

829 & above

RLLR+BSP-0.35%

(presently 8.90%)

9.90%

10.40%

Irrespective of Loan Amount

LTV Ratio<= 80%

PNB Pride*

RLLR+BSP-0.30

(presently 8.95%)

9.95%

10.45%

750 and above

743 and above

784 and above

777 and above

700-749

610-742

756-783

727-776

RLLR+BSP+ 0.15%

(presently 9.40%)

10.40%

10.90%

600-699

502-609

618-755

560-726

RLLR+BSP+ 1.25%

(presently 10.50%)

11.50%

12.00%

Loan Amount upto 30 lacs

LTV Ratio more than 80% but upto 90%

PNB Pride*

RLLR+BSP-0.20

(presently 9.05%)

10.05%

10.55%

750 and above

743 and above

784 and above

777 and above

700-749

610-742

756-783

727-776

RLLR+BSP+ 0.25%

(presently 9.50%)

10.50%

11.00%

600-699

556-609

668-755

610-726

RLLR+BSP+ 1.35%

(presently 10.60%)

11.60%

12.10%

Home Loan (TL & OD PNB Max Saver)

Margin & Loan Amount

CIBIL

CRIF

EXPERIAN

EQUIFAX

Floating ROI

Fixed ROI

Tenure upto 10 years

Tenure above 10 years

For loan above Rs. 30 lacs

LTV Ratio<= 80%

800 & above

877 & above

812 & above

829 & above

RLLR+BSP-0.70%

(presently 8.55%)

9.55%

10.05%

Irrespective of Loan Amount

LTV Ratio<= 80%

PNB Pride*

RLLR+BSP-0.65%

(presently 8.60%)

9.60%

10.10%

750 and above

743 and above

784 and above

777 and above

700-749

610-742

756-783

727-776

RLLR+BSP-0.20%

(presently 9.05%)

10.05%

10.55%

600-699

502-609

618-755

560-726

RLLR+BSP+ 0.90%

(presently 10.15%)

11.15%

11.65%

Loan Amount upto 30 lacs

LTV Ratio more than 80% but upto 90%

PNB Pride*

RLLR+BSP-0.55%

(presently 8.70%)

9.70%

10.20%

750 and above

743 and above

784 and above

777 and above

700-749

610-742

756-783

727-776

RLLR+BSP-0.10%

(presently 9.15%)

10.15%

10.65%

600-699

556-609

668-755

610-726

RLLR+BSP+ 1.00%

(presently 10.25%)

11.25%

11.75%

Solar Power System

1. For installation of rooftop solar power system up-to 3kW-

1.1 Under Floating option: REPO RATE + 0.50% i.e. 6.50%+0.50%presently 7.00% p.a.

2. For installation of rooftop solar power system more than 3 KW and up-to 10kW-

2.1. Under Floating option:

CIBIL TU or equivalent

ROI for existing/ fresh Home Loan Borrower

ROI for Non-Home Loan Borrower

800 and above

RLLR+BSP-0.85% (presently 8.40% p.a.)

RLLR+BSP+0.15% (presently 9.40% p.a.)

750 to 799 (including -1/0/ No hit/ Nil)

RLLR+BSP-0.80% (presently 8.45% p.a.)

RLLR+BSP+0.20% (presently 9.45% p.a.)

700 to 749

RLLR+BSP-0.35% (presently 8.90% p.a.)

RLLR+BSP+0.65% (presently 9.90% p.a.)

680 to 699

RLLR+BSP+0.75% (presently 10.00% p.a.)

RLLR+BSP+1.75% (presently 11.00% p.a.)


Under Fixed option:

CIBIL TU or equivalent

ROI for existing/ fresh Home Loan Borrower

ROI for Non-Home Loan Borrower

800 and above

9.40% p.a.

10.40% p.a.

750 to 799 (including -1/0/ No hit/ Nil)

9.45% p.a.

10.45% p.a.

700 to 749

9.90% p.a.

10.90% p.a.

680 to 699

11.00% p.a.

12.00% p.a.

Other Terms & Conditions

  • *PNB PRIDE covers the permanent employees of Central, State Govt. Para Military personnel and Pensioners of Central & State Govt & Employees of PSUs.
  • No further concession available to the women borrower on the applicable rate of interest.
  • Rate of Interest on TOP-UP LOAN- OVERDRFT/ TERM LOAN to housing loan borrowers for personal needs is as under:-

TOP-UP LOAN- OVERDRFT/ TERM LOAN

Type

Floating ROI

Fixed ROI

Tenure upto 10 years

Tenure above 10 years

ROI Irrespective of CIC Score

Term Loan

RLLR+BSP+ 0.35% (Presently 9.60%)

10.60%

11.10%

Overdraft

RLLR+BSP+ 1.35% (Presently 10.60%)

11.60%

12.10%

2.1 SCHEME FOR FINANCING PURCHASE OF CAR BY PUBLIC (New Car)

Scheme/ Borrower Type

CIBIL TU

CRIF HM

EXPERIAN

EQUIFAX

Floating ROI

Fixed ROI

Car Loan (other than e-vehicle)

Car Loan (e-vehicle)

Car Loan (other than e-vehicle)

Car Loan (e-vehicle)

Women

Irrespective of CICs Score

RLLR+ BSP-0.45%

i.e. 8.80% p.a.

(Presently)

RLLR+ BSP-0.50%

i.e. 8.75% p.a.

(Presently)

9.80%

9.75%

PNB PRIDE*

Corporate#

Insta Vehicle Loan Scheme for existing home loan borrower

(New Car Only)

Others Individual

750 & above

743 & above

784 & above

777 & above

RLLR+ BSP-0.45%

i.e. 8.80% p.a.

(Presently)

RLLR+ BSP-0.50%

i.e. 8.75% p.a.

(Presently)

9.80%

9.75%

700 and up to 749

610 up to 742

756 up to 783

727 up to 776

RLLR+ BSP i.e.9.25% p.a.

(Presently)

RLLR+BSP-0.05% i.e. 9.20%

10.25%

10.20%

650 to less than 699

556 to less than 609

668 to less than 755

610 to less than 727

RLLR+ BSP+ 0.35%

i.e. 9.60% p.a.

(Presently)

RLLR+ BSP+ 0.30%

i.e. 9.55% p.a.

(Presently)

10.60%

10.55%

*PNB PRIDE covers the Central/ State Government Employees/ Defense personnel/ Para military Forces/ Pensioners of Central & State Government & Employees of PSUs.

# Corporates: Business concerns Car Loan financed to business concerns for personal use of their executives i.e. other than for use in business.


2.2 SCHEME FOR FINANCING PURCHASE OF CAR BY PUBLIC (Old Car)

Scheme/ Borrower Type

CIBIL TU

CRIF HM

EXPERIAN

EQUIFAX

Floating ROI

Car Loan

(Other Than E-Vehicle)

Fixed ROI

Car Loan

(Other Than E-Vehicle)

Women

Irrespective of CICs Score

RLLR+ BSP+0.55%

i.e. 9.80% p.a.

(Presently)

10.80%

PNB PRIDE*

Corporate#

Insta Vehicle Loan Scheme for existing home loan borrower

(New Car Only)

Others Individual

750 & above

743 & above

784 & above

777 & above

RLLR+ BSP+0.55%

i.e. 9.80% p.a.

(Presently)

10.80%

700 and up to 749

610 up to 742

756 up to 783

727 up to 776

RLLR+ BSP+1.00%

i.e. 10.25% p.a.

(Presently)

11.25%

650 to less than 699

556 to less than 609

668 to less than 755

610 to less than 727

RLLR+ BSP+ 1.35%

i.e. 10.60% p.a.

(Presently)

11.60%

*PNB PRIDE covers the Central/ State Government Employees/ Defense personnel/ Para military Forces/ Pensioners of Central & State Government & Employees of PSUs.

# Corporates: Business concerns Car Loan financed to business concerns for personal use of their executives i.e. other than for use in business.

EDUCATION LOAN: PNB SARASWATI

Parameter

Rate of Interest with interest table codes (Other than Female Student)

Rate Of Interest with interest table codes (Female Student)

Floating Fixed Floating Fixed
For Loan upto 10 years For Loan above 10 years For Loan upto 10 years For Loan above 10 years

Loan upto Rs.7.50 lakhs

(covered under CGFSEL Scheme)

RLLR+BSP+ 2.00%

(Presently 11.25%)

12.25% 12.75%

RLLR+BSP+ 1.50%

(Presently 10.75%)

11.75% 12.25%

Loan above Rs.7.50 lakhs

RLLR+BSP+2.00%

(Presently 11.25%)

12.25% 12.75%

RLLR+BSP+ 1.50%

(Presently 10.75%)

11.75% 12.25%

Loan irrespective of amount (where minimum 100% collateral security is available)

RLLR+BSP+1.25%

(Presently 10.50%)

11.50% 12.00%

RLLR+BSP+ 0.75%

(Presently 10.00%)

11.00% 11.50%

EDUCATION LOAN: PNB PRATIBHA

Parameter

Rate Of Interest Based On RLLR

Floating

Fixed

For Loan upto 10 years

For Loan upto 10 years

Loan above Rs.7.50 lakhs

Student getting admission in IIMs, IITs, ISB Hyderabad, ISB Mohali, MDI Gurgaon & XLRI Jamshedpur.

RLLR + BSP – 1.15% (Presently 8.10%)

9.20%

9.70%

Loan above Rs.7.50 lakhs

IIFT Delhi & Kolkata, XIMB Bhubaneshwar, BITS (Pilani, Hyderabad & Goa) campuses.

RLLR + BSP – 1.15% (Presently 8.10%)

10.00%

10.50%

Loan amount above Rs.7.50 lakhs

Student getting admission in SPJIMR-Mumbai, NMIMS- Mumbai, Symbiosis Institute of Business Management, Pune & IMT-Ghaziabad

RLLR + BSP – 1.05% (Presently 8.20%)

10.00%

10.50%

Loan amount above Rs.7.50 lakhs

Student getting admission in All NIT’s, Institute of Management-Nirma University-Ahmedabad, MICA-Ahmedabad & FMS-Delhi

RLLR + BSP – 0.85% (Presently 8.40%)

10.00%

10.50%

Loan amount above Rs.7.50 lakhs

Student getting admission other than IIMs, IITs, ISB Hyderabad & Mohali, MDI Gurgaon & XLRI Jamshedpur, IIFT Delhi & Kolkata, XIMB Bhubaneshwar, BITS (Pilani, Hyderabad & Goa), SPJIMR-Mumbai, NMIMS- Mumbai, Symbiosis Institute of Business Management, Pune, IMT-Ghaziabad, All NIT’s, Institute of Management-Nirma University-Ahmedabad, MICA-Ahmedabad, FMS-Delhi.

RLLR + BSP - 0.25% (Presently 9.00%)

10.00%

10.50%

Loan up to Rs.7.50 lakhs

Student getting admission in IIMs, IITs, NITs, ISB Hyderabad, ISB Mohali, MDI Gurgaon & XLRI Jamshedpur..

RLLR+BSP+ 0.50% (Presently 9.75%)

10.75%

11.25%

Loan up to Rs.7.50 lakhs

Student getting admission other than IIMs, IITs, NITs, ISB Hyderabad, ISB Mohali, MDI Gurgaon & XLRI Jamshedpur.

RLLR+BSP+ 0.75% (Presently 10.00%)

11.00%

11.50%

Loan up to Rs.7.50 lakhs

Students getting admissions in IITs, IIMs & XLRI Jamshedpur. (Loan sanctioned before 16.09.2015 not covered under CGFSEL Scheme & without collateral security).

RLLR+BSP + 1.15% (Presently 10.40%)

11.40%

11.90%

Loan up to Rs.7.50 lakhs

Students getting admissions in institutions other than IITs, IIMs & XLRI Jamshedpur. (Loan sanctioned before 16.09.2015 not covered under CGFSEL Scheme & without collateral security).

RLLR+BSP + 1.25% (Presently 10.50%)

11.50%

11.90%

Education Loan: PNB SARASWATI & PNB UDAAN Education loan scheme for student getting admission in MBBS/MD/MS/PG courses

Parameter

Floating ROI

Loan amount above Rs. 7.5 Lakhs for pursuing MBBS/MD/MS/PG (in medical after completing MBBS) (where minimum 100% collateral security is available)

RLLR+BSP (Presently 9.25%)

EDUCATION LOAN: PNB UDAAN

Parameter

Rate of Interest(Other than Female Student)

Rate Of Interest(Female Student)

Floating Fixed Floating Fixed
For Loan upto 10 years For Loan above 10 years For Loan upto 10 years For Loan above 10 years

Loan irrespective of amount to student getting admission into specific institutes as mentioned in Annexure - B (where minimum 100% collateral security is available)

RLLR+BSP

(Presently 9.25%)

10.25% 10.75%

RLLR+BSP

(Presently 9.25%)

10.25% 10.75%

Loan irrespective of amount (where minimum 100% collateral security is available)

RLLR+BSP+1.25%

(Presently 10.50%)

11.50% 12.00%

RLLR+BSP+0.75%

(Presently 10.00%)

11.00% 11.50%

Loan upto Rs.7.50 lakhs

(covered under CGFSEL Scheme)

RLLR+BSP+2.00%

(Presently 11.25%)

12.25% 12.75%

RLLR+BSP+1.50%

(Presently 10.75%)

11.75% 12.25%

Loan above Rs.7.50 lakhs

RLLR+BSP+2.00%

(Presently 11.25%)

12.25% 12.75%

RLLR+BSP+1.50%

(Presently 10.75%)

11.75% 12.25%

EDUCATION LOAN: PNB KAUSHAL

Parameter

Floating ROI

Fixed ROI

For Loan upto 10 years

For Loan above 10 years

Loan up to Rs. 1.50 lakh

(Covered under CGFSSD)

RLLR+BSP + 1.50% (Presently 10.75%)

11.75%

12.25%

Loan up to Rs. 1.50 lakh (Covered under CGFSSD) to female student

RLLR+BSP + 1.00% (Presently 10.25%)

11.25%

11.75%


EDUCATION LOAN: PM CARES EDUCATION LOAN SCHEME

Parameter

Floating ROI

Fixed ROI

For Loan upto 10 years

For Loan above 10 years

Loan upto Rs.7.50 Lakh (covered under CGFSEL Scheme)

RLLR + BSP + 0.25% (Presently 9.50%)

10.50%

11.00%

Loans irrespective of amount (where 100% tangible collateral security in the shape of IP, enforceable under SARFAESI Act, and/or liquid security is available)

RLLR + BSP + 0.25% (Presently 9.50%)

10.50%

11.00%

Loan above Rs.7.50 Lakh (Where ZM has waived the 100% security criteria as per vested loaning power)

RLLR + BSP + 0.75% (Presently 10.00%)

11.00%

11.50%

EDUCATION LOAN: PNB HONHAAR

Floating ROI

Fixed ROI

For Loan upto 10 years

For Loan above 10 years

RLLR+BSP+2.00% (Presently 11.25%)

12.25%

12.75%

EDUCATION LOAN: PNB PRAVASI SHIKSHA LOAN

Floating ROI

Fixed ROI

For Loan upto 10 years

For Loan above 10 years

RLLR+BSP+2.15% (Presently 11.25%)

12.25%

12.75%

Education Loan Scheme - Concessional Education Loans to Persons with Disabilities (PwDs) - Memorandum of Agreement with National Handicapped Finance & Development Corporation (NHFDC)

S.No

Loan Amount (Rs. In Lakhs)

Applicable Rate Of Interest To PwDs (%)

1

Upto Rs. 50.00 Lakhs

4%

  • INTEREST TABLE CODES FOR WOMEN BENEFICIARIES UNDER EDUCATION LOAN SCHEMES I) PNB SARASWATI II) PNB UDAAN & III) PNB KAUSHAL.

Revised rate of interest under the Schemes “PNB Gold Loan Schemes- Advance against Gold Jewellery/Gold Ornaments/Sovereign Gold Bond/PNB SWARNIM - Agri Gold Loan Scheme w.e.f 01.08.2022 are as under:-


Sr

Name of Scheme

Revised Rate of Interest

1

Advance against Gold Jewellery/Gold Ornaments

(Demand Loan)

RLLR+BSP (Presently 9.25%)

2

Advance against Sovereign Gold Bonds (Demand Loan)

3

Advance against Sovereign Gold Bonds

(Overdraft)

RLLR+BSP (Presently 9.25%)

4

Advance against Gold Jewellery/Ornaments

(Overdraft)

Loan Type

Rate of Interest

Floating

Fixed

Term Loan

RLLR+BSP(Presently 9.25%)

10.25%

PNB BAGHBAN- A SCHEME FOR HOUSE OWNING SENIOR CITIZENS OF INDIA UNDER ‘REVERSE MORTGAGE CONCEPT’

Rate of Interest Based on RLLR

Fixed ROI

RLLR+BSP+2.75% (Presently 12.00%)

13.00%

EARNEST MONEY DEPOSIT (EMD) SCHEME

Rate of Interest Based on RLLR

RLLR+BSP+0.25% (Presently 9.50%)

7. PNB Sahyog Rin – Personal Loan Scheme for Public

Sr. No.

Type

CIC Score

Floating ROI

Fixed ROI

A

Loan to Defence/ Para Military Personals drawing salaries through our Bank including customers covered under Rakshak Plus scheme

NA

RLLR+BSP+2.15% (Presently 11.40%)

12.40%

B

a. Loan to Govt. Employees drawing salaries through our Bank

b. Loan to Central Government gazetted officer (Section Officer or equivalent and above) not having salary account with us.

CIC Score >= 800

RLLR+BSP+2.50% (Presently 11.75%)

12.75%

CIC >= 750 less than 800

Or

With Nil credit history (i,e -1 or 0)

RLLR+BSP+3.50% (Presently 12.75%)

13.75%

CIC 650 to 749

RLLR+BSP+4.50% (Presently 13.75%)

14.75%

CIC Score less than 650

RLLR+BSP+5.00% (Presently 14.25%)

15.25%

C

a) Loan to Corporate/other Employees drawing salaries through our Bank.

b) Loan to Govt. Employees not drawing salary with our bank

CIC Score >= 800

RLLR+BSP+3.50% (Presently 12.75%)

13.75%

CIC >= 750 less than 800

Or

With Nil credit history (i,e -1 or 0)

RLLR+BSP+4.50% (Presently 13.75%)

14.75%

CIC 650 to 749

RLLR+BSP+6.50% (Presently 15.75%)

16.75%

CIC Score less than 650

RLLR+BSP+7.00% (Presently 16.25%)

17.25%

D

Loan to employees under check off facility

CIC Score >= 800

RLLR+BSP+5.00% (Presently 14.25%)

15.25%

CIC >= 750 less than 800

Or

With Nil credit history (i,e -1 or 0)

RLLR+BSP+5.50% (Presently 14.75%)

15.75%

CIC 650 to 749

RLLR+BSP+7.20% (Presently 16.45%)

17.45%

CIC Score less than 650

RLLR+BSP+7.70% (Presently 16.95%)

17.95%

Sr. No.

Type

CIC Score

Floating ROI

Fixed ROI

A

PNB Doctor’s Delight – Personal Loan Scheme for Doctors

NA

RLLR+BSP+2.15% (Presently 11.40%)

12.40%

B

PNB Doctor’s Delight – Personal Loan Scheme for Doctors

Concession of 1% where prospective borrower (Doctor) maintaining his/her salary account with us or maintain his/her Receipt collection account with us or where Tangible Collateral Security of the value of 100% of loan amount.

NA

RLLR+BSP+1.15% (Presently 10.40%)

11.40%

C

Personal Loan Scheme For Self-Employed

= 800

RLLR+BSP+3.50% (Presently 12.75%)

13.75%

=750* less than 800 Or With Nil credit history (i.e - 1 or 0) RLLR+BSP+4.50% (Presently 13.75%)

14.75%

8. PERSONAL LOAN SCHEME FOR PENSIONERS

Loan Type

Floating ROI

Fixed ROI

Demand Loan/ Term Loan/ Overdraft

RLLR+BSP+ 2.50% (Presently 11.75%)

12.75%

9. PERSONAL LOAN SCHEME FOR COVID

Loan Type

Rate of Interest Based on RLLR

Demand Loan/ Term Loan

RLLR+BSP+ 1.70% (Presently 10.95%)

10. PNB SAARTHI & PNB POWER RIDE– SCHEME FOR FINANCING TWO – WHEELERS TO PUBLIC/WOMEN

Name of the Scheme

Floating ROI

Fixed ROI

Salaried Person

RLLR+BSP + 2.75% (Presently 12.00%)

13.00%

Others including business concern

RLLR+BSP + 3.25% (Presently 12.50%)

13.50%

PNB POWER RIDE

RLLR+BSP + 1.90% (Presently 11.15%)

12.15%

11. LOAN AGAINST MORTGAGE OF IMMOVABLE PROPERTY

11 A.

Based on CIC Score of the Borrower

Rate of Interest

Floating

Fixed

TL

OD

TL

OD

For Loan upto 10 years

For Loan above 10 years

For Loan upto 10 years

For Loan above 10 years

CIC Score 750 & above

RLLR+BSP+1.90% (Presently 11.15%)

RLLR+BSP+2.40% (Presently 11.65%)

12.15%

12.65%

12.65%

13.15%

CIC Score 700 and up to 749

RLLR+BSP+2.40% (Presently 11.65%)

RLLR+BSP+2.90% (Presently 12.15%)

12.65%

13.15%

13.15%

13.65%

CIC Score less than 700

RLLR+BSP+3.00% (Presently 12.25%)

RLLR+BSP+3.50% (Presently 12.75%)

13.25%

13.75%

13.75%

14.25%

11. B. Rate of interest on the basis of realizable value of immovable property.

11. B1 Realizable value of property above 200% and upto 250% of loan amount

Based on CIC Score of the Borrower

Rate of Interest

Floating

Fixed

TL

OD

TL

OD

For Loan upto 10 years

For Loan above 10 years

For Loan upto 10 years

For Loan above 10 years

CIC Score 750 & above

RLLR+BSP+1.65% (Presently 10.90%)

RLLR+BSP+2.15% (Presently 11.40%)

11.90%

12.40%

12.40%

12.90%

CIC Score 700 and up to 749

RLLR+BSP+2.15% (Presently 11.40%)

RLLR+BSP+2.65% (Presently 11.90%)

12.40%

12.90%

12.90%

13.40%

CIC Score less than 700

RLLR+BSP+2.75% (Presently 12.00%)

RLLR+BSP+3.25% (Presently 12.50%)

13.00%

13.50%

13.50%

14.00%

11. B2 Realizable value of property above 250% and upto 300% of loan amount

Based on CIC Score of the Borrower

Rate of Interest

Floating

Fixed

TL

OD

TL

OD

For Loan upto 10 years

For Loan above 10 years

For Loan upto 10 years

For Loan above 10 years

CIC Score 750 & above

RLLR+BSP+1.40% (Presently 10.65%)

RLLR+BSP+1.90% (Presently 11.15%)

11.65%

12.15%

12.15%

12.65%

CIC Score 700 and up to 749

RLLR+BSP+1.90% (Presently 11.15%)

RLLR+BSP+2.40% (Presently 11.65%)

12.155%

12.65%

12.65%

13.15%

CIC Score less than 700

RLLR+BSP+2.50% (Presently 11.75%)

RLLR+BSP+3.00% (Presently 12.25%)

12.75%

13.25%

13.25%

13.75%

11. B3 Realizable value of property above 300% of loan amount

Based on CIC Score of the Borrower

Rate of Interest

Floating

Fixed

TL

OD

TL

OD

For Loan upto 10 years

For Loan above 10 years

For Loan upto 10 years

For Loan above 10 years

CIC Score 750 & above

RLLR+BSP+1.15% (Presently 10.40%)

RLLR+BSP+1.65% (Presently 10.90%)

11.40%

11.90%

11.90%

12.40%

CIC Score 700 and up to 749

RLLR+BSP+1.65% (Presently 10.90%)

RLLR+BSP+2.15% (Presently 11.40%)

11.90%

12.40%

12.40%

12.90%

CIC Score less than 700

RLLR+BSP+2.25% (Presently 11.50%)

RLLR+BSP+2.75% (Presently 12.00%)

12.50%

13.00%

13.00%

13.50%


B. AGRICULTURE ADVANCES

1.Rate of Interest for Agriculture Advances (Excluding Schematic Lending)

Exposure

Rates of Interest

Regular KCC–O/S upto Rs. 3 Lakhs

7.00%

Agriculture Loans Up to Rs. 20 Lakhs

(including irregular KCC)

MCLR(1 Yr) + 1.25%

Agriculture Loans Above Rs. 20 lakhs and upto Rs. 50 lakhs

MCLR(1 Yr) + 2.00%

Agriculture Loans Above Rs. 50 lakhs

RoI based on Internal Risk Rating and External Risk Rating, wherever applicable.

2. Rate of Interest for Specific Schemes

2.1 Rate of Interest for NRLM / SRLM Scheme:

Exposure

Rates of Interest

Outstanding upto Rs. 3.00 Lakh

7.00%

Outstanding > Rs. 3.00 Lakh upto Rs. 5.00 Lakh

1 year-MCLR or 10% per annum whichever is lower

Outstanding above Rs. 5.00 lakh upto Rs. 20.00 lakh

and NPA Account (irrespective of amount)

Loans repayable up to 1 year

MCLR (1 Yr) + 2.10%

Loans repayable in >1 year and up to 3 years

MCLR (1 Yr) + 2.15%

Loans repayable in >3 years

MCLR (1 Yr) + 2.70%

Limit above >Rs. 20.00 lakh

Outstanding >Rs. 20.00 Lakh

RoI based on Internal Risk Rating and External Risk Rating, wherever applicable.


2.2 Rate of Interest On Advances Under Agriculture Infrastructure Fund Scheme:

2.2.1 For loans up to Rs. 2 Crores:MCLR(6 Months) +1% subject to maximum 9%

2.2.2 For loans above Rs. 2 crorelinked to MCLR (1 Year):

INTERNAL RISK RATING

EXTERNAL RISK RATING

AAA

AA

A

BBB

BB & BELOW

UNRATED

1

0.20

0.25

0.30

0.40

2.05

0.55

2

0.20

0.30

0.35

0.45

2.10

0.60

3

0.55

0.65

0.75

0.85

2.45

1.00

4

1.10

1.15

1.20

1.30

3.00

1.45

5

1.60

1.65

1.70

1.80

3.50

1.95

6

2.50

2.60

2.95

3.55

4.40

3.80

7

4.40

4.45

4.85

5.00

5.00

5.00

8

5.00


2.3 Rate of Interest on Advances Under AHIDF Scheme:

2.3.1 Projects falling within MSME defined ceilings:RLLR+2%

2.3.2 Other projects (not falling within MSME Ceilings):

2.3.2.1 For loans up to Rs. 20.00 Lakhs: RLLR+2.00%

2.3.2.2 For loans above Rs. 20.00 Lakhs: (Spread over RLLR)

INTERNAL RISK RATING

EXTERNAL RISK RATING

AAA

AA

A

BBB

BB & BELOW

UNRATED

1

0.35

0.40

0.45

0.55

2.20

0.70

2

0.40

0.45

0.50

0.60

2.25

0.75

3

0.70

0.80

0.90

1.00

2.60

1.15

4

1.25

1.30

1.35

1.45

3.15

1.60

5

1.75

1.80

1.85

1.95

3.65

2.10

6

2.65

2.75

3.1

3.7

4.55

3.95

7

4.55

4.6

5

5.15

5.15

5.15

8

5.15

9

10

2.4 Rate of Interest On Advances Under PNB Swarnim Scheme (Agri Gold Loan Scheme):MCLR (1 year)

2.5 Applicable Rate of Interest - Microfinance Loan Scheme

Scheme

Sub-Scheme

Rate of Interest

Microfinance Loan - Retail

Personal Loan

RLLR + BSP + 5.00%

Other Purpose

RLLR + BSP + 3.25%

Microfinance Loan - MSME

Food Processing Unit - Agri

RLLR + BSP + 1.20%

MSME Unit

RLLR + BSP + 1.40%

Microfinance Loan - Agriculture

MCLR + 2.70%


C. MSME ADVANCES (Except Schematic Lending not Specified Elsewhere)
1.EXPOSURE UP TO Rs. 20 LAKH

Particulars

Spread over RLLR + BSP

Advances up to Rs. 50000/-

0.15%

Advances >Rs. 50000/- to Rs. 20 Lakh

1.40%


2.EXPOSURE ABOVE Rs. 20 LAKH AND UP TO Rs. 5 CRORE

Internal Risk Rating *

Spread over RLLR + BSP

A1

0.70%

A2

0.75%

A3

1.15%

A4

1.60%

B1

2.10%

B2

3.95%

B3& Below

5.15%


3.EXPOSURE ABOVE Rs. 5 CRORE

(Spread over RLLR + BSP)

Internal Risk Rating

External Rating

AAA

AA

A

BBB

Unrated

BB & Below

Unrated

20%

30%

50%

100%

100%

150%

150%

A1

0.35%

0.40%

0.45%

0.55%

0.70%

2.20%

2.20%

A2

0.40%

0.45%

0.50%

0.60%

0.75%

2.25%

2.25%

A3

0.70%

0.80%

0.90%

1.00%

1.15%

2.60%

2.60%

A4

1.25%

1.30%

1.35%

1.45%

1.60%

3.15%

3.15%

B1

1.75%

1.80%

1.85%

1.95%

2.10%

3.65%

3.65%

B2

2.65%

2.75%

3.10%

3.70%

3.95%

4.55%

4.55%

B3

4.55%

4.60%

5.00%

5.15%

5.15%

5.15%

5.15%

C1 & Below

5.15%



4. SCHEME SPECIFIC RATE OF INTEREST(ROI)

4.1 Scheme Name: MSME Prime Plus

ROI is linked with IRR and Collateral

Collateral Coverage (% of total exposure)

Rate of Interest

Less than 50%

Minimum

RLLR+BSP+0.50%

Maximum

RLLR+BSP+3.50%

50% to less than 100%

Minimum

RLLR+BSP+0.35%

Maximum

RLLR+BSP+3.00%

100% & above

Minimum

RLLR+BSP+0.20%

Maximum

RLLR+BSP+2.00%


4.2 Scheme Name: PNB GST Express Scheme

ROI is linked with IRR
Minimum - RLLR+BSP+0.20%
Maximum - RLLR+BSP+3.50%

4.3 Scheme Name: PNB Sampatti Scheme

- Up to Rs.5.00 Crore - RLLR+BSP+1.00%
- Above Rs.5.00 Crore - Card rate or RLLR+BSP+1.50% whichever is lower

4.4 Scheme Name: PNB Arhatia Scheme

ROI is linked with IRR
Minimum - RLLR+BSP+0.25%
Maximum - Card rate or RLLR+BSP+5.15%

4.5 Scheme Name: PNB Trade Growth Scheme

ROI is linked with IRR
Minimum - RLLR+BSP+0.20%
Maximum - Card rate or RLLR+BSP+3.50%

D. OTHER ADVANCES (Not Specified Elsewhere)
1.EXPOSURE UP TO Rs. 20 LAKH

Particulars

Spread over MCLR

Advances up to Rs. 50000/-

0.00%

Advances >Rs. 50000/- to Rs. 20 Lakh

1.50%


2.EXPOSURE ABOVE Rs. 20 LAKH AND UP TO Rs. 5 CRORE

Internal Risk Rating

Spread over MCLR

A1

1.95%

A2

2.00%

A3

2.40%

A4

2.90%

B1

3.75%

B2

4.75%

B3

5.50%

C1& below

6.00%


3.EXPOSURE ABOVE Rs. 5 CRORE

(Spread over MCLR)

Internal Risk Rating

External Rating

AAA

AA

A

BBB

Unrated

BB& Below

Unrated

20%

30%

50%

100%

100%

150%

150%

A1

0.20%

0.25%

0.65%

1.70%

1.95%

2.55%

2.55%

A2

0.25%

0.30%

0.70%

1.75%

2.00%

2.60%

2.60%

A3

0.55%

0.65%

1.05%

2.15%

2.40%

3.00%

3.00%

A4

1.35%

1.50%

1.85%

2.65%

2.90%

3.50%

3.50%

B1

2.20%

2.35%

2.70%

3.50%

3.75%

4.35%

4.35%

B2

3.15%

3.35%

3.65%

4.50%

4.75%

5.30%

5.30%

B3

5.40%

5.55%

5.90%

6.00%

6.00%

6.00%

6.00%

C1 & Below

6.00%


E. NBFC

SPREAD OVER MCLR FOR NBFC (AFC)

Internal Risk Rating

External Rating

AAA

AA

A

BBB

Unrated

BB & Below

Unrated

20%

30%

50%

100%

100%

150%

150%

A1

0.40%

0.55%

1.15%

2.70%

2.95%

4.05%

4.05%

A2

0.45%

0.60%

1.20%

2.75%

3.00%

4.10%

4.10%

A3

0.75%

0.95%

1.55%

3.15%

3.40%

4.50%

4.50%

A4

1.55%

1.80%

2.35%

3.65%

3.90%

5.00%

5.00%

B1

2.40%

2.65%

3.20%

4.50%

4.75%

5.85%

5.85%

B2

3.35%

3.65%

4.15%

5.50%

5.75%

6.50%

6.50%

B3

5.60%

5.85%

6.40%

6.50%

6.50%

6.50%

6.50%

C1 & Below

6.50%

SPREAD OVER MCLR FORNBFC (OTHER THAN AFC)

1.00% over the ROI as mentioned above


F. SPECIFIED CATEGORIES
1. DISCOUNTING OF BILLS:

1.1 INTEREST RATE ON BILL DISCOUNTED/ PURCHASED UNDER LETTER OF CREDIT (DA/DP Basis)

Tenor of the Bills backed by Confirmed ILCs of Approved Banks

Rate of Interest*

Upto 90 days

Repo rate + 1.50 %

91 to 180 days

Repo +1.75%

181 days – upto less than 1 year

Repo +2.00%

Note:The above rate shall apply when the bills are realized as per the original tenor of the bill. In case of bills not realized as per the original tenor of the bill, interest is to be recovered at RLLR + BSP (1 year) + 6.00% for the particular bill from the due date, for the overdue period.

1.2 Bills not backed by ILCs:

Interest Rates as applicable to working capital limits.

2.RATE OF INTEREST IN CASE OF RUPEE EXPORT CREDIT

2.1 RUPEE EXPORT CREDIT (RLLR + BSP BASED)

A. PRE-SHIPMENT CREDIT

Particulars

Internal Risk Rating

Effective Rate of Interest

(i) Up to 270 days

A1 to A4

RLLR + BSP+0.45

B1 , B2

RLLR + BSP+0.65

B3 and below

RLLR + BSP+0.85

(ii) Above 270 days and up to 360 days

A1 to A4

RLLR + BSP+0.55

B1,B2

RLLR + BSP+0.75

B3 and below

RLLR + BSP+0.95

B. POST SHIPMENT

Particulars

Internal Risk Rating

Effective Rate of Interest

(i) On demand bills for transit period (as specified by FEDAI)

A1 to A4

RLLR + BSP+0.40

B1 , B2

RLLR + BSP+0.60

B3 and below

RLLR + BSP+0.80

(ii) Usance Bills (For total period comprising usance period of export bills, transit period as specified by FEDAI and grace period, wherever applicable). Up to 270 days.

A1 to A4

RLLR + BSP+0.50

B1 , B2

RLLR + BSP+0.70

B3 and below

RLLR + BSP+0.90


2.2 RUPEE EXPORT CREDIT (MCLR BASED)

A. PRE-SHIPMENT CREDIT

Particulars

Internal Risk Rating

Effective Rate of Interest

(i) Up to 270 days

A1 to A4

MCLR+0.40

B1 , B2

MCLR+0.65

B3 and below

MCLR+0.80

(ii) Above 270 days and upto 360 days

A1 to A4

MCLR+0.50

B1,B2

MCLR+0.75

B3 and below

MCLR+0.90

B. POST SHIPMENT

Particulars

Internal Risk Rating

Effective Rate of Interest

(iii) On demand bills for transit period (as specified by FEDAI)

A1 to A4

MCLR+0.25

B1 , B2

MCLR+0.40

B3 and below

MCLR+0.55

(iv) Usance Bills (For total period comprising usance period of export bills, transit period as specified by FEDAI and grace period, wherever applicable). Up to 270 days.

A1 to A4

MCLR+0.45

B1 , B2

MCLR+0.60

B3 and below

MCLR+0.75

NOTE:

1. Exporters eligible under Interest Equalisation Scheme - MSME & Other category shall enjoy interest equalisation @ 5% and @ 3% respectively in the above rates till the validity of the scheme.

2. Exporters eligible under the Gold Card Scheme shall enjoy concession @ 0.25% in the above prescribed rates.

2.3 OVERDUE BILLS MORE 180 DAYS AND ABOVE FROM THE DATE OF ADVANCE) (INTEREST TO BE CHARGED AFTER DUE DATE)

RLLR + BSP+ 4.00 / 1 Year MCLR + 4.00

2.4 DEFERRED CREDIT/ EXPORT CREDIT NOT OTHERWISE SPECIFIED (ECNOS)

RLLR + BSP + 6.00 / 1 Year MCLR + 6.00


3. ADVANCE AGAINST DOMESTIC TERM DEPOSITS, NRE DEPOSITS, FCNR (B) DEPOSITS AND RESIDENT FOREIGN CURRENCY DEPOSITS

3.1 ADVANCE AGAINST DOMESTIC/ NRE DEPOSITS

Self

1.00%*

Third Party Deposit

2.00%* subject to Min. RLLR + BSP / MCLR

*Over the applicable rates of interest on deposits

Note:In case there is more than one deposit in the name of the depositor(s) with varied rate of interest, 1% or 2% higher on the weighted average of rate of interest paid on deposits should be taken for calculating interest rate on loan.

3.2 RUPEE LOAN AGAINST FCNR DEPOSITS/ RESIDENT FOREIGN CURRENCY DEPOSIT (RFC) (IN INDIA)

Self

RLLR + BSP / MCLR

Third party Deposit

RLLR + BSP / MCLR + 1.00%

3.3 FOREIGN CURRENCY LOAN AGAINST FCNR/ NRE DEPOSITS (IN INDIA)

Rate of interest is provided by the Treasury Division on case to case basis.


4.INTEREST RATES ON PAPER SECURITIES, RELIEF BONDS OF RBI & OTHER CATEGORIES

4.1 ADVANCE against LIFE INSURANCE POLICIES, NSCs, KVP, other postal securities, Govt. & other paper securities

LIP including Postal Life Insurance

RLLR + BSP / MCLR +3.50%

Postal Securities (NSC/KVP/IVP)

Bonds/ RBI Relief Bonds, Units of Mutual Fund etc.

Postal Term Deposits

4.2 OTHER

Clean Loan*/Any other category not specified elsewhere

RLLR + BSP / MCLR +6%

Adhoc/Over Limit/ Temporary Facilities

2% over applicable ROI

DRI

4.00%

*Including Advances / Withdrawals against Uncleared Effects


5.FUTURE RENTAL SCHEME

SN

Particular

Spread over Applicable Benchmark ie., RLLR + BSP / MCLR

1.

Landlord of own bank Premises

3.00%

2.

Other Category

2.1

Individual*

As per IRMD MasterTable

(Refer Section C or D as applicable)

2.2

Non-Individual

*In case of individual, rate of interest as applicable to unrated borrowers with risk weight 100% shall be applied.


6. Rate of Interest for Microfinance Borrowers

Rate of interest of dedicated schemes /products framed for microfinance borrowers by RAD, MSME Division and Agriculture Division shall be capped at maximum spreads as under:

Nature of Loan

Maximum Spread

Retail (Personal loan)

RLLR+ BSP+ 5.00%

Retail (Others)

RLLR+ BSP+ 3.25%

Agriculture (Loan to MSME food & agro processing units)

RLLR+ BSP+ 1.20% [1]

Agriculture (Others)

MCLR+ 2.70% [2]

MSME

RLLR+ BSP+ 1.40% [3]


[1]. Spread applicable for advance upto Rs. 20 lakh to MSME food & agro processing units

[2]. Spread applicable for NRLM/ SRLM Scheme repayable in more than 3 years.

[3]. Spread applicable for Advances above Rs. 50000/- to Rs. 20 Lakh to MSMEs


G. CONCESSIONS
1.COLLATERAL LINKED CONCESSIONS

MCLR W.E.F. 01.05.2024

Security Coverage

(% of total exposure)

Concession in Applicable Card Rate as per Internal Risk Rating *

1 to 6

7 & Below

Up to 50% of the loan amount

NIL

NIL

Above 50% and up to 75%

0.25%

NIL

Above 75% and up to 100%

0.50%

NIL

Above 100% and upto 150%

0.75%

NIL

Above 150%

1.00%

NIL

Note: As per RBI guidelines no collateral should be insisted upon for MSE loan up to Rs. 10 lakh. Accordingly, no concessional rate is applicable for Loans up to Rs. 10 lakh. However, for loan accounts amounting Rs. 10 Lakh and above, the additional discount /reductions in rate of interest based on % of collateral security offered by the borrower.

This concession shall not be allowed on collateral securities in shape of Agriculture Land, Educational Institutions, Hospitals, Nursing homes, Guarantee Cover, Plant & Machinery.

In any case, the interest rate should not be below applicable benchmark, after exercising the discretionary powers and concessions.


2.SPECIFIC CONCESSION TO WOMEN ENTREPRENEURS

0.50% concession shall be available to women entrepreneurs enterprises* classified under Priority Sector and 0.25% under non priority sector under women Empowerment campaign. However, minimum lending rate after giving all rebates shall not be below Applicable Benchmark.

An enterprise shall be classified as a Women Entrepreneurs’ Enterprise where:

One or more women entrepreneurs have not less than 51% financial holding.

Specific for Para No. 1 and 2:

In case of partnership concerns, one or more women partners have not less than 51% profit/loss sharing ratio as per the Registered Partnership Deed

Collateral linked and Specific Concessions to Women Entrepreneurs mentioned at Para No. 1 and 2 aboveshall not be applicable in following cases:
In case of advance is sanctioned under any schematic lending where specific concession in ROI is already inbuilt, subject concession will not be applied unless specifically mentioned in the scheme.
In case any concession already given by respective / higher sanctioning authority.

Existing Concession already permitted to borrower mentioned at Para No. 1 and 2 shall continue till renewal/review of credit facilities. The proposed guidelines on concession shall be applicable at the time of renewal/ review of credit facilities.


3.CONCESSIONS NOT SPECIFIED ELSEWHERE

As per discretionary power vested with various sanctioning authority.


MCLR W.E.F. 01.05.2024MCLR Historical Rates
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