“BANK WILL CHARGE INTEREST ON ALL ADVANCES, UNLESS OTHERWISE SPECIFIED ON THE BASIS OF 365 DAYS PER YEAR”.
Interest Rate on Advances Linked to MCLR (Presently 8.60%) and RLLR (Presently 9.00%) + BSP (Presently 0.25%)
A. RETAIL LOANS
HOUSING LOAN
|
Margin & Loan Amount
|
CIBIL
|
CRIF
|
EXPERIAN
|
EQUIFAX
|
Applicable ROI
|
|
For loan above Rs. 30 lacs
LTV Ratio
<= 80%
|
800 & above
|
879 & above
|
812 & above
|
829 & above
|
RLLR+BSP-0.75%
(presently 8.50%)
|
|
Irrespective of Loan Amount
LTV Ratio <= 80%
|
PNB Pride*
|
RLLR+BSP-0.70%
(presently 8.55%)
|
|
750 and above
|
660 and above
|
806 and above
|
777 and above
|
|
700-749
|
610-659
|
756-805
|
727-776
|
RLLR+BSP-0.25%
(presently 9.00%)
|
|
600-699
|
502-609
|
618-755
|
560-726
|
RLLR+BSP+ 0.75%
(presently 10.00%)
|
|
Loan Amount upto 30 lacs
LTV Ratio more than 80% but upto 90%
|
PNB Pride*
|
RLLR+BSP-0.60%
(presently 8.65%)
|
|
750 and above
|
660 and above
|
806 and above
|
777 and above
|
|
700-749
|
610-659
|
756-805
|
727-776
|
RLLR+BSP-0.15%
(presently 9.10%)
|
|
600-699
|
502-609
|
618-755
|
560-726
|
RLLR+BSP+ 0.85%
(presently 10.10%)
|
Home Loan (CRE Category)
|
Margin & Loan Amount
|
CIBIL
|
CRIF
|
EXPERIAN
|
EQUIFAX
|
Applicable ROI
|
|
For loan above Rs. 30 lacs
LTV Ratio<= 80%
|
800 & above
|
879 & above
|
812 & above
|
829 & above
|
RLLR+BSP-0.25%
(presently 9.00%)
|
|
Irrespective of Loan Amount
LTV Ratio<= 80%
|
PNB Pride*
|
RLLR+BSP-0.20
(presently 9.05%)
|
|
750 and above
|
660 and above
|
806 and above
|
777 and above
|
|
700-749
|
610-659
|
756-805
|
727-776
|
RLLR+BSP+ 0.25%
(presently 9.50%)
|
|
600-699
|
502-609
|
618-755
|
560-726
|
RLLR+BSP+ 1.25%
(presently 10.50%)
|
|
Loan Amount upto 30 lacs
LTV Ratio more than 80% but upto 90%
|
PNB Pride*
|
RLLR+BSP-0.10
(presently 9.15%)
|
|
750 and above
|
660 and above
|
806 and above
|
777 and above
|
|
700-749
|
610-659
|
756-805
|
727-776
|
RLLR+BSP+ 0.35%
(presently 9.60%)
|
|
600-699
|
502-609
|
618-755
|
560-726
|
RLLR+BSP+ 1.35%
(presently 10.60%)
|
Home Loan (TL & OD PNB Max Saver)
|
Margin & Loan Amount
|
CIBIL
|
CRIF
|
EXPERIAN
|
EQUIFAX
|
Applicable ROI
|
|
For loan above Rs. 30 lacs
LTV Ratio<= 80%
|
800 & above
|
879 & above
|
812 & above
|
829 & above
|
RLLR+BSP-0.60%
(presently 8.65%)
|
|
Irrespective of Loan Amount
LTV Ratio<= 80%
|
PNB Pride*
|
RLLR+BSP-0.55%
(presently 8.70%)
|
|
750 and above
|
660 and above
|
806 and above
|
777 and above
|
|
700-749
|
610-659
|
756-805
|
727-776
|
RLLR+BSP-0.10%
(presently 9.15%)
|
|
600-699
|
502-609
|
618-755
|
560-726
|
RLLR+BSP+ 0.90%
(presently 10.15%)
|
|
Loan Amount upto 30 lacs
LTV Ratio more than 80% but upto 90%
|
PNB Pride*
|
RLLR+BSP-0.45%
(presently 8.80%)
|
|
750 and above
|
660 and above
|
806 and above
|
777 and above
|
|
700-749
|
610-659
|
756-805
|
727-776
|
RLLR+BSP
(presently 9.25%)
|
|
600-699
|
502-609
|
618-755
|
560-726
|
RLLR+BSP+ 1.00%
(presently 10.25%)
|
Solar Power System (on Standalone Basis)
|
Rate of Interest Based on RLLR+BSP
|
|
RLLR+BSP+2.60% (Presently 11.85%)
|
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
|
Rate of Interest
|
|
ROI Irrespective of CIC Score
|
Term Loan
|
RLLR+BSP+ 0.35% (Presently 9.60%)
|
|
Overdraft
|
RLLR+BSP+ 1.35% (Presently 10.60%)
|
2.1 SCHEME FOR FINANCING PURCHASE OF CAR BY PUBLIC (New Car)
|
Scheme/ Borrower Type
|
CIBIL TU
|
CRIF HM
|
EXPERIAN
|
EQUIFAX
|
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)
|
|
PNB PRIDE*
|
|
Corporate#
|
|
Insta Vehicle Loan Scheme for existing home loan borrower
(New Car Only)
|
|
Others Individual
|
750 & above
|
660 & above
|
806 & 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)
|
|
700 and up to 749
|
610 up to 659
|
756 up to 805
|
727 up to 776
|
RLLR+ BSP i.e.9.25% p.a.
(Presently)
|
RLLR+BSP-0.05% i.e. 9.20%
|
|
650 to less than 700
|
552 to less than 610
|
668 to less than 756
|
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)
|
|
Scheme/Borrower type
|
Above 3 year to 5 year
|
Above 5 year
|
Above 3 year to 5 year
|
Above 5 year
|
|
For Car Loan (other than e-vehicle)
|
For Car Loan (e-vehicle)
|
|
Under Fixed Rate option for all% including PNB Pride, with Min. CIC score of (CIBIL TU 750, CRIF HM 660, Experian 806 and Equifax 777) & above
|
One year MCLR+0.35%
i.e. 8.95%
|
One year MCLR+0.45%
i.e. 9.05%
|
One year MCLR+0.30%
i.e. 8.90%
|
One year MCLR+0.40%
i.e. 9.00%
|
*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.
% Fixed rate option are permitted under MCLR option only. Fixed rate loans shall be reset after 3 years of opening of account, as per existing guidelines of fixed rate option.
2.2 SCHEME FOR FINANCING PURCHASE OF CAR BY PUBLIC (Old Car)
|
Scheme/ Borrower Type
|
CIBIL TU
|
CRIF HM
|
EXPERIAN
|
EQUIFAX
|
Car Loan
(other than e-vehicle)
|
|
Women
|
Irrespective of CICs Score
|
RLLR+ BSP+0.55%
i.e. 9.80% p.a.
(Presently)
|
|
PNB PRIDE*
|
|
Corporate#
|
|
Insta Vehicle Loan Scheme for existing home loan borrower
(New Car Only)
|
|
Others Individual
|
750 & above
|
660 & above
|
806 & above
|
777 & above
|
RLLR+ BSP+0.55%
i.e. 9.80% p.a.
(Presently)
|
|
700 and up to 749
|
610 up to 659
|
756 up to 805
|
727 up to 776
|
RLLR+ BSP+1.00% i.e. 10.25% p.a.
(Presently)
|
|
650 to less than 700
|
552 to less than 610
|
668 to less than 756
|
610 to less than 727
|
RLLR+ BSP+ 1.35%
i.e. 10.60% p.a.
(Presently)
|
|
Scheme/Borrower type
|
Above 3 year to 5 year
|
Above 5 year
|
|
Under Fixed Rate option for all%
including PNB Pride, with Min. CIC score of (CIBIL TU 750, CRIF HM 660, Experian 806 and Equifax 777) & above
|
For Car Loan
(other than e-vehicle)
|
|
One year MCLR+1.35%
i.e. 9.95%
|
One year MCLR+1.45%
i.e. 10.05%
|
*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.
% Fixed rate option are permitted under MCLR option only. Fixed rate loans shall be reset after 3 years of opening of account, as per existing guidelines of fixed rate option.
EDUCATION LOAN: PNB SARASWATI
|
Parameter
|
Rate of Interest Based on RLLR(Other than female)
|
Rate Of Interest Based On RLLR (Female Customers) |
|
Loan upto Rs.7.50 lakhs
(covered under CGFSEL Scheme)
|
RLLR+BSP+ 2.00% (Presently 11.25%)
|
RLLR+BSP + 1.50% (Presently 10.75%) |
|
Loan above Rs.7.50 lakhs
|
RLLR+BSP+2.00% (Presently 11.25%)
|
RLLR+BSP+ 1.50% (Presently 10.75%) |
|
Loan irrespective of amount (where minimum 100% collateral security is available)
|
RLLR+BSP+1.25% (Presently 10.50%)
|
RLLR+BSP+0.75% (Presently 10.00%) |
EDUCATION LOAN: PNB PRATIBHA
|
Parameter
|
Rate Of Interest Based On RLLR
|
|
Loan above Rs.7.50 lakhs
Student getting admission in IIMs, IITs, ISB Hyderabad, ISB Mohali, MDI Gurgaon & XLRI Jamshedpur.
|
RLLR + BSP – 1.05% (Presently 8.20%)
|
|
Loan above Rs.7.50 lakhs
Student getting admission other than IIMs, IITs, NITs, ISB Hyderabad, ISB Mohali, MDI Gurgaon & XLRI Jamshedpur.
|
RLLR + BSP - 0.25% (Presently 9.00%)
|
|
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%)
|
|
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%)
|
|
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%)
|
|
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%)
|
EDUCATION LOAN: PNB UDAAN
|
Parameter
|
Rate Of Interest Based On RLLR (Other Than Female)
|
Rate Of Interest Based On RLLR (Female Customers)
|
|
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%)
|
RLLR+BSP (Presently 9.25%)
|
|
Loan irrespective of amount (where minimum 100% collateral security is available)
|
RLLR+BSP + 1.25% (Presently 10.50%)
|
RLLR+BSP+0.75% (Presently 10.00%)
|
|
Loan upto Rs.7.50 lakhs
(covered under CGFSEL Scheme)
|
RLLR+BSP+2.00% (Presently 11.25%)
|
RLLR+BSP + 1.50% (Presently 10.75%)
|
|
Loan above Rs.7.50 lakhs
|
RLLR+BSP+2.00% (Presently 11.25%)
|
RLLR+BSP+ 1.50% (Presently 10.75%)
|
EDUCATION LOAN: PNB KAUSHAL
|
Parameter
|
Rate of Interest Based on RLLR
|
|
Loan up to Rs. 1.50 lakh
(Covered under CGFSSD)
|
RLLR+BSP + 1.50% (Presently 10.75%)
|
|
Loan up to Rs. 1.50 lakh (Covered under CGFSSD) to female student
|
RLLR+BSP + 1.00% (Presently 10.25%)
|
EDUCATION LOAN: PM CARES EDUCATION LOAN SCHEME
|
Parameter
|
Rate Of Interest Based On RLLR
|
|
Loan upto Rs.7.50 Lakh (covered under CGFSEL Scheme)
|
RLLR + BSP + 0.25% (Presently 9.50%)
|
|
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%)
|
|
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%)
|
EDUCATION LOAN: PNB HONHAAR
|
Rate of Interest Based on RLLR+BSP
|
|
RLLR+BSP+2.00% (Presently 11.25%)
|
EDUCATION LOAN: PNB PRAVASI SHIKSHA LOAN
|
Rate of Interest Based on RLLR+BSP
|
|
RLLR+BSP+2.15% (Presently 11.25%)
|
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)
|
|
5
|
Demand Loan Agriculture
|
MCLR (1 Yr), presently 8.65% (w.e.f. 01/09/2023)
|
PNB BAGHBAN- A SCHEME FOR HOUSE OWNING SENIOR CITIZENS OF INDIA UNDER ‘REVERSE MORTGAGE CONCEPT’
|
Rate of Interest Based on RLLR
|
|
RLLR+BSP+2.75% (Presently 12.00%)
|
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
|
Rate of Interest
|
|
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%)
|
|
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%)
|
|
CIC >= 750 less than 800
Or
With Nil credit history (i,e -1 or 0)
|
RLLR+BSP+3.50% (Presently 12.75%)
|
|
CIC 650 to 749
|
RLLR+BSP+4.50% (Presently 13.75%)
|
|
CIC Score less than 650
|
RLLR+BSP+5.00% (Presently 14.25%)
|
|
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%)
|
|
CIC >= 750 less than 800
Or
With Nil credit history (i,e -1 or 0)
|
RLLR+BSP+4.50% (Presently 13.75%)
|
|
CIC 650 to 749
|
RLLR+BSP+6.50% (Presently 15.75%)
|
|
CIC Score less than 650
|
RLLR+BSP+7.00% (Presently 16.25%)
|
|
D
|
Loan to employees under check off facility
|
CIC Score >= 800
|
RLLR+BSP+5.00% (Presently 14.25%)
|
|
CIC >= 750 less than 800
Or
With Nil credit history (i,e -1 or 0)
|
RLLR+BSP+5.50% (Presently 14.75%)
|
|
CIC 650 to 749
|
RLLR+BSP+7.20% (Presently 16.45%)
|
|
CIC Score less than 650
|
RLLR+BSP+7.70% (Presently 16.95%)
|
|
Sr. No.
|
Type
|
CIC Score
|
Rate of Interest
|
|
A
|
PNB Doctor’s Delight – Personal Loan Scheme for Doctors
|
NA
|
RLLR+BSP+2.15% (Presently 11.40%)
|
|
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%)
|
|
C
|
Personal Loan Scheme For Self-Employed
|
= 800
|
RLLR+BSP+3.50% (Presently 12.75%)
|
|
=750* less than 800 Or With Nil credit history (i.e - 1 or 0) |
RLLR+BSP+4.50% (Presently 13.75%) |
8. PERSONAL LOAN SCHEME FOR PENSIONERS
|
Loan Type
|
Rate of Interest Based on RLLR
|
|
Demand Loan/ Term Loan/ Overdraft
|
RLLR+BSP+ 2.50% (Presently 11.75%)
|
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
|
Rate of Interest Based on RLLR
|
|
Salaried Person
|
RLLR+BSP + 2.75% (Presently 12.00%)
|
|
Others including business concern
|
RLLR+BSP + 3.25% (Presently 12.50%)
|
|
PNB POWER RIDE
|
RLLR+BSP + 1.90% (Presently 11.15%)
|
11. LOAN AGAINST MORTGAGE OF IMMOVABLE PROPERTY
11 A.
|
Based on CIC Score of the Borrower
|
Rate of Interest Based on RLLR
|
|
TL
|
OD
|
|
CIC Score 750 & above
|
RLLR+BSP+1.90% (Presently 11.15%)
|
RLLR+BSP+2.40% (Presently 11.65%)
|
|
CIC Score 700 and up to 749
|
RLLR+BSP+2.40% (Presently 11.65%)
|
RLLR+BSP+2.90% (Presently 12.15%)
|
|
CIC Score less than 700
|
RLLR+BSP+3.00% (Presently 12.25%)
|
RLLR+BSP+3.50% (Presently 12.75%)
|
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 Based on RLLR
|
|
TL
|
OD
|
|
CIC Score 750 & above
|
RLLR+BSP+1.65% (Presently 10.90%)
|
RLLR+BSP+2.15% (Presently 11.40%)
|
|
CIC Score 700 and up to 749
|
RLLR+BSP+2.15% (Presently 11.40%)
|
RLLR+BSP+2.65% (Presently 11.90%)
|
|
CIC Score less than 700
|
RLLR+BSP+2.75% (Presently 12.00%)
|
RLLR+BSP+3.25% (Presently 12.50%)
|
11. B2 Realizable value of property above 250% and upto 300% of loan amount
|
Based on CIC Score of the Borrower
|
Rate of Interest Based on RLLR
|
|
TL
|
OD
|
|
CIC Score 750 & above
|
RLLR+BSP+1.40% (Presently 10.65%)
|
RLLR+BSP+1.90% (Presently 11.15%)
|
|
CIC Score 700 and up to 749
|
RLLR+BSP+1.90% (Presently 11.15%)
|
RLLR+BSP+2.40% (Presently 11.65%)
|
|
CIC Score less than 700
|
RLLR+BSP+2.50% (Presently 11.75%)
|
RLLR+BSP+3.00% (Presently 12.25%)
|
11. B3 Realizable value of property above 300% of loan amount
|
Based on CIC Score of the Borrower
|
Rate of Interest Based on RLLR
|
|
TL
|
OD
|
|
CIC Score 750 & above
|
RLLR+BSP+1.15% (Presently 10.40%)
|
RLLR+BSP+1.65% (Presently 10.90%)
|
|
CIC Score 700 and up to 749
|
RLLR+BSP+1.65% (Presently 10.90%)
|
RLLR+BSP+2.15% (Presently 11.40%)
|
|
CIC Score less than 700
|
RLLR+BSP+2.25% (Presently 11.50%)
|
RLLR+BSP+2.75% (Presently 12.00%)
|
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)
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%
|
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
|
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.