“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/RLLR
A. RETAIL LOANS
1.HOUSING LOAN
|
Scheme/Borrower Type
|
Revised Interest Table Codes (Based on RLLR)
|
|
Floating
|
Loan Amount |
Limit Up to Rs. 30 Lakh |
Limit above Rs. 30 lakh upto Rs. 75 lakh |
Limit Above Rs. 75 lakh |
|
LTV (%) /Margin/ Customer Type
|
LTV up to 80%
|
LTV More than 80% up to 85%
|
LTV up to 80% |
LTV up to 75%
|
|
PNB Pride*
Irrespective of Risk Profile**
|
RLLR+ 0.15%
|
RLLR+ 0.30%
|
RLLR+ 0.40%
|
|
OTHER
|
|
CIC Score 750 and above**
|
RLLR+ 0.15%
|
RLLR+ 0.30%
|
RLLR+ 0.30%
|
|
CIC Score 700 and up to 749**
|
RLLR+ 0.35%
|
RLLR+ 0.45%
|
RLLR+0.55%
|
|
CIC Score 650 to 699
|
RLLR+ 0.60%
|
RLLR+ 0.70%
|
RLLR+ 0.85%
|
RLLR+ 0.95%
|
|
CIC Score Less than 650** |
RLLR+ 0.70% |
RLLR+ 0.80% |
RLLR+ 0.95% |
RLLR+ 1.05% |
|
Women Borrower## With CIC Score of 800 and above& LTV up to 70% (Margin 30%)
|
RLLR
|
*PNB PRIDE covers the permanent employees of Central, State Govt. Para Military personnel and Pensioners of Central & State Govt.
**Concession of 0.05% is available to the women borrower on the applicable rate of interest under all slabs except under CRE category.
In case of Housing loan under Commercial Real Estate (CRE) the applicable rate of interest will be 1.00% higher than the normal rate of interest across all slabs.
## In case of Joint borrower CIC score of women borrower must be 800 and above (average CIC score of joint borrowers 750 and above) and women must be owner/co-owner & borrower/co borrower to avail the benefit.
In case of housing loan under “Max Saver Scheme” (OD variant of Housing Loan), the additional Rate of interest of 0.15% under each slab will be applicable based on the Credit Score of the borrower/s
PNB HOME LOAN SCHEME FOR PUBLIC (ALL FRESH AND TAKEOVER) VALID UPTO 31.03.2022
|
 Sanction Limit/ Borrower Type
/CIC Score
|
Applicable
Rate of Interest
|
|
a) Fresh Housing loan of Rs. 50 lacs and above with CIC score of borrower 750 and above.
Â
In case of joint borrower(s), the CIC score of at least one borrower must be 750 and above and other borrower shall meet the CIC criteria of ≥ 650 or 0 or -1
|
In case of salaried customer
|
RLLR of 6.55% {Repo rate [4.00%) + Mark-up (2.55%)] +BSP (0.25%) - 0.20% i.e. 6.60%.
|
|
In case of self-employed customers
(Other than salaried)
|
RLLR of 6.55% {Repo rate [4.00%) + Mark-up (2.55%)] + BSP (0.25%)-0.10% i.e. 6.70%
|
|
i.Fresh Top-up Loan (TL&OD) to existing Home Loan Borrowers with outstanding of Rs. 25.00 Lakhs and above having CIC score of 750 and above.
ii.Fresh Top-up Loan (TL&OD) to new Home loan Borrowers with sanction limit of Rs. 25.00 Lakhs and above having CIC score of 750 and above.
Â
 (In case of joint borrower(s), the CIC score of each borrower must be 750 and above)
|
Term Loan
|
RLLR+BSP+0.35%
Presently 7.15%
|
|
Overdraft
|
RLLR+BSP+1.35%
Presently 8.15%
|
a) In case, a customer under PNB PRIDE is having CIC score of 750 and above, then the applicable rate of interest will be as mentioned above.
b) No further Concession is available to any other category of borrower including women borrower on the applicable rate of interest under all slabs.
2.TOP-UP HOUSING LOAN (NEW VARIANT UNDER HOUSING LOAN IN ADDITION TO ODHL)
|
Facility
|
Rate of Interest
|
|
Term Loan
|
RLLR+1.35%
|
|
Overdraft
|
RLLR + 2.35%
|
HOUSING FINANCE SCHEME FOR PUBLIC “PNB MAX-SAVER
|
Scheme/Borrower Type
|
Revised Interest Table Codes (Based on RLLR)
|
|
|
Loan Amount |
Limit Up to Rs. 30 Lakh |
Limit above Rs. 30 lakh upto Rs. 75 lakh
|
Limit Above Rs. 75 lakh
|
|
LTV (%) / Margin / Customer Type
|
LTV (%) /Margin/ Customer Type
|
LTV up to 80% |
LTV More than 80% up to 85%
|
LTV up to 80% |
LTV up to 75% |
|
PNB Pride*
Irrespective of Risk Profile
|
RLLR+ 0.30%
|
RLLR+ 0.45%
|
RLLR+0.55%
|
|
CIC Score 750 & above
|
RLLR+ 0.30%
|
RLLR+ 0.45%
|
RLLR+0.45%
|
|
CIC Score 700 and up to 749
|
RLLR+ 0.50%
|
RLLR+ 0.60%
|
RLLR+0.70%
|
|
CIC Score 650 to 699
|
RLLR+ 0.75%
|
RLLR+ 0.85%
|
RLLR+1.00%
|
RLLR+1.10%
|
|
CIC Score less than 650**
|
RLLR+ 0.85%
|
RLLR+ 0.95%
|
RLLR+ 1.10%
|
RLLR+ 1.20%
|
*PNB PRIDE covers the permanent employees of Central, State Govt. Para Military personnel and Pensioners of Central & State Govt.
**Concession of 0.05% is available to the women borrower on the applicable rate of interest under all slabs except under CRE category. To get the benefit of Rate of Interest. Women should be the sole applicant or one of the co-applicant for the Home Loan and also the sole owner or one of the co-owners of the property proposed to be financed by the bank.
In case of Housing loan under Commercial Real Estate (CRE) the applicable rate of interest will be 1.00% higher than the normal rate of interest across all slabs.
3.SCHEME FOR FINANCING PURCHASE OF CAR BY PUBLIC
|
Scheme/ Borrower Type
|
Rate of Interest
|
ROI Combo@@ Loan Scheme for Home Loan borrowers.
|
|
New Car
|
Old Car
|
New Car
|
Old Car
|
|
Women
|
Irrespective of CICs Score
|
RLLR+ 0.60%
|
RLLR+1.60%
|
RLLR+ 0.35%
|
RLLR+1.35%
|
|
PNB PRIDE*
|
RLLR+ 0.60%
|
RLLR+1.60%
|
RLLR+ 0.35%
|
RLLR+1.35%
|
|
Corporate#
|
RLLR+ 0.60%
|
RLLR+1.60%
|
Not applicable
|
Not applicable
|
|
Others Individual
|
CIC Score 750 & above
|
RLLR+ 0.60%
|
RLLR+1.60%
|
RLLR+ 0.35%
|
RLLR+1.35%
|
|
CIC Score 700 and up to 749
|
RLLR+0.75%
|
RLLR+1.75%
|
RLLR+ 0.50%
|
RLLR+1.50%
|
|
CIC Score 550 to less than 700
|
RLLR+ 0.85%
|
RLLR+ 1.85%
|
RLLR+ 0.60%
|
RLLR+ 1.60%
|
|
Loan to Defence / Para Military Under Rakshak Plus
|
New Car – RLLR + 0.50%
Old Car – RLLR + 1.50%
|
|
Under Fixed Rate option for all%
|
MCLR+0.95%
|
MCLR+1.95%
|
Not available
|
|
PNB Pride Fixed rate option
|
MCLR+0.95%
|
MCLR+1.95%
|
|
Insta Vehicle Loan Scheme for existing home loan borrower
(New Car Only)
|
Floating:-RLLR+0.40%
|
|
Fixed:-
Upto 3years : One year MCLR+1.25%
Above 3 years : One year MCLR+1.50%
|
|
Employees of corporate client (company) dealing with our Bank.$
|
CIC Score
|
Rate of Interest
|
|
CIC Score 750& above
|
RLLR+060%
|
|
CIC Score 700 and upto 749
|
RLLR+0.65%
|
*PNB PRIDE covers the Central/ State Government Employees/ Defence 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.
@@ Finance of old car not permitted in Combo Loan scheme for home loan borrowers.
% Fixed rate option are permitted under MCLR option only.
$ 0.10% concession in the rate of interest in the bracket “CIC Score 700 and upto 749”
4.PNB SAARTHI & PNB POWER RIDE– SCHEME FOR FINANCING TWO – WHEELERS TO PUBLIC/WOMEN
|
Particular
|
Rate of Interest
|
|
Salaried Person
|
RLLR + 2.75%
|
|
Other than salaried including business concern & Professionals
|
RLLR + 3.25%
|
|
PNB Power Ride (Two Wheeler loan to Women)
|
RLLR + 1.90%
|
5.EDUCATION LOAN
|
a) PNB SARASWATI
|
|
Parameter
|
Rate of Interest Based on RLLR
|
|
Loan upto Rs.7.50 lakhs (covered under CGFSEL Scheme)
|
RLLR + 2.00%
|
|
Loan upto Rs.7.50 lakhs sanctioned before 16.09.2015 (Not covered under CGFSEL Scheme & without collateral security).
|
RLLR+2.75%
|
|
Loan above Rs.7.50 lakhs
|
RLLR+2.75%
|
|
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+2.00% |
|
b) PNB PRATIBHA
|
|
Parameter |
Rate of Interest Based on RLLR |
|
(i) Students getting admissions in institutions other than IITs, IIMs & XLRI Jamshedpur
|
Loan upto Rs.7.50 lakhs sanctioned before 16.09.2015 (Not covered under CGFSEL Scheme & without collateral security).
|
RLLR + 1.25%
|
|
(ii) Students getting admissions in IITs, IIMs & XLRI Jamshedpur |
Loan upto Rs.7.50 lakhs sanctioned before 16.09.2015 (Not covered under CGFSEL Scheme & without collateral security).
|
RLLR + 1.15%
|
|
(iii) Students getting admissions in institutions other than IITs, IIMs, XLRI Jamshedpur & NITs
|
Loan up to Rs.7.50 lakhs under CGFSEL
|
RLLR + 0.75%
|
|
Loan above Rs.7.50 lakhs |
RLLR + 0.25% |
|
(iv) Students getting admissions in IITs, IIMs, XLRI Jamshedpur & NITs |
Loan up to Rs.7.50 lakhs under CGFSEL
|
RLLR + 0.65%
|
|
(v) Students getting admissions in IITs, IIMs (Except mentioned at point no vi), XLRI Jamshedpur & NITs |
Loan above Rs.7.50 lakhs
|
RLLR + 0.15%
|
(vi) Student getting admissions in
a. IIM Ahmedabad;
b. IIM Bengaluru;
c. IIM Kolkata |
Loan above Rs. 7.50 lakhs |
RLLR + 0.10% |
|
c) PNB UDDAN
|
|
Parameter |
Rate of Interest Based on RLLR |
|
Loan upto Rs.7.50 lakhs (covered under CGFSEL Scheme)
|
RLLR + 2.00%
|
|
Loan upto Rs.7.50 lakhs sanctioned before 16.09.2015 (Not covered under CGFSEL Scheme & without collateral security).
|
RLLR + 2.75%
|
|
Loan above Rs.7.50 lakhs
|
RLLR + 2.75%
|
|
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 + 2.00%
|
|
d) PNB KAUSHAL
|
|
Loan up to Rs. 1.50 lakh (Covered under CGFSSD)
|
RLLR+1.50%
|
|
e) PNB HONHAAR
|
RLLR + 2.00%
|
|
a) PNB PRAVASI SHIKSHA LOAN
|
RLLR + 2.15% |
D. Education Loan (Sanctioned before 16.09.2015, Not covered under CGFSEL Scheme & without collateral security).)
|
Education Loan Scheme
|
ROI based on RLLR for loan up to Rs.7.50 lakhs sanctioned before 16.09.2015 (Not covered under CGFSEL Scheme & without collateral security).
|
|
PNB SARASWATI
|
RLLR + 2.75 %
|
|
PNB PRATIBHA
|
a. Students getting admissions in institutions other than IITs, IIMs & XLRI Jamshedpur - RLLR + 1.25%
|
|
b. Students getting admissions in IITs, IIMs & XLRI Jamshedpur - RLLR + 1.15% |
|
PNB UDAAN
|
RLLR + 2.75%
|
6.PERSONAL LOAN SCHEME
|
6.1. FOR PUBLIC/ LIC AGENTS |
|
S.N.
|
Type
|
CIC Score
|
Rate of Interest
|
|
1
|
Loan to Defence / Para Military Personals drawing salaries through our Bank including customers covered under Rakshak Plus scheme
|
Not applicable
|
RLLR+2.15%
|
|
2
|
a. Loan to Govt. Employees drawing salaries through our Bank.
b. Loan to Central Government gazette officer (Section Officer or equivalent and above) not having salary account with us.
|
CIC Score = 800
|
RLLR+2.50%
|
|
CIC = 750 less than 800
Or
With Nil credit history (i.e., -1 or 0)
|
RLLR+3.50%
|
|
CIC 650 to 749
|
RLLR+4.50%
|
|
CIC Score less than 650 |
RLLR+5.00% |
|
3
|
a. Loan to Corporate / other Employees drawing salaries through our Bank.
b. Loan to Govt. Employees not drawing salaries through our Bank (other than covered in Serial No. 2b).
|
CIC Score = 800
|
RLLR+3.50%
|
|
CIC = 750 less than 800
Or
With Nil credit history (i,e -1 or 0)
|
RLLR+4.50%
|
|
CIC 650 to 749
|
RLLR+6.50%
|
|
CIC Score less than 650 |
RLLR+7.00% |
|
4
|
Loan to employees under check off facility
|
CIC Score = 800
|
RLLR+5.00%
|
|
CIC = 750 less than 800
Or
With Nil credit history (i,e -1 or 0)
|
RLLR+5.50%
|
|
CIC 650 to 749
|
RLLR+7.20%
|
|
CIC Score less than 650 |
RLLR+7.70% |
|
0.10% additional concession in applicable ROI to the customers who opts for coverage under Credit Life Insurance. |
|
0.50% additional concession in applicable ROI to the employees of the institutions/ corporates having exclusive Tie-Up with our bank and at least 100 employees (50 in case of Tie-ups with Educational Institutions) of the said institutions maintaining salary accounts with us. |
|
6.2. FOR PUBLIC/ LIC AGENTS |
|
6.2. |
PNB Doctors Delight |
RLLR + 2.15% |
|
6.3. FOR PUBLIC/ LIC AGENTS |
|
6.3. |
PERSONAL LOAN SCHEME FOR PENSIONERS |
RLLR + 2.50% |
*(Further, Concession of 1% where prospective borrower (Doctor) maintaining his/her salary account/Receipt collection account with us or where tangible Collator Security of the value of 100% of loan amount)
|
S.N.
|
Scheme
|
Particular
|
Rate of Interest
|
|
1.
|
ADVANCE AGAINST GOLD JEWELLERY/ ORNAMENTS
|
Demand Loan/ term Loan
|
RLLR + 1.95%
|
|
Overdraft
|
RLLR + 2.20%
|
|
2.
|
ADVANCE AGAINST SOVEREIGN GOLD BONDS
|
Individual
|
RLLR+1.15%
|
|
Other than Individual
|
RLLR+2.15%
|
|
3.
|
PNB BAGHBAN
|
RLLR+2.75%
|
|
4.
|
EARNEST MONEY DEPOSIT (EMD) SCHEME
|
RLLR + 0.25%
|
7.PNB myProperty Loan.
|
Based on CIC Score of the Borrower
|
Rate of Interest |
|
TL |
OD |
|
CIC Score 750 & above |
RLLR+1.90% |
RLLR+2.40% |
|
CIC Score 700 and up to 749 |
RLLR+2.40% |
RLLR+2.90% |
|
CIC Score less than 700 |
RLLR+3.00% |
RLLR+3.50% |
B. AGRICULTURE ADVANCES
1.RATE OF INTEREST FOR AGRICULTURE ADVANCES (EXCLUDING SCHEMATIC LENDING)
|
Exposure
|
Rates of Interest
|
|
Regular KCC/ Crop Loans –O/S upto Rs. 3.00 Lakh
|
7.00%
|
|
Up to Rs. 20.00 Lac (including irregular KCC/ Crop Loans)
|
MCLR(1 Yr) + 1.50%
|
|
Above Rs. 20 Lakh and upto Rs. 50 lakh
|
MCLR(1 Yr) + 3.00%
|
|
Above Rs. 50 lakh
|
As per IRMD MasterTable
(Refer Section C or D as applicable)
|
2.RATE OF INTEREST FOR SPECIFIC SCHEMES
a)RATE OF INTEREST FOR NRLM / SRLM SCHEME
|
Particulars
|
Rates of Interest
|
|
NRLM Loans to Women Borrowers in 250 Identified Districts
|
NRLM Loans to Non-Women Borrowers in 250 Identified Districts & in other than 250 Identified Districts
|
SRLM Loans
|
|
Outstanding of Rs. 3.00 Lakh
|
7.00%
|
|
|
|
Sanctioned limit up to Rs. 20.00 lakh
|
|
a. Loans repayable up to 1 year
|
MCLR (1 Yr)+ 2.10%
|
|
b. Loans repayable in >1 year and up to 3 years
|
MCLR (1 Yr)+ 2.15%
|
|
c. Loans repayable in >3 years
|
MCLR (1 Yr)+ 2.70%
|
|
Sanctioned limit >Rs. 20.00 Lakh
|
As per IRMD MasterTable (Refer Section C or D as applicable)
|
b)RATE OF INTEREST ON FOOD & AGRO ADVANCES LINKED TO MCLR
ADVANCES UP TO Rs. 20.00 LAKH: MCLR (1 Yr) + 1.25%
ADVANCES ABOVE Rs. 20.00 LAKH: For advances under Food & Agro Processing Segment with sanctioned limit above Rs. 20.00 lakh and up to Rs. 100.00 Crore (from Banking System) rates of interest will be applicable on the basis of internal & external rating, as under:
(Spread over MCLR)
|
Internal Risk Rating
|
EXTERNAL RATING
|
|
AAA
|
AA
|
A
|
BBB
|
BB & BELOW
|
UNRATED
|
|
A1
|
0.20
|
0.25
|
0.30
|
0.40
|
2.05
|
0.55
|
|
A2
|
0.20
|
0.30
|
0.35
|
0.45
|
2.10
|
0.60
|
|
A3
|
0.55
|
0.65
|
0.75
|
0.85
|
2.45
|
1.00
|
|
A4
|
1.10
|
1.15
|
1.20
|
1.30
|
3.00
|
1.45
|
|
B1
|
1.60
|
1.65
|
1.70
|
1.80
|
3.50
|
1.95
|
|
B2
|
2.50
|
2.60
|
2.95
|
3.55
|
4.40
|
3.80
|
|
B3
|
4.40
|
4.45
|
4.85
|
5.00
|
5.00
|
5.00
|
|
C1
|
5.00
|
|
C2
|
|
C3
|
c)RATE OF INTEREST ON FOOD & AGRO ADVANCES LINKED TO RLLR
All new floating rates on loans to Food & Agro processing units (Micro, Small and Medium Enterprises MSME units):
ADVANCES UP TO Rs. 20.00 LAKH: RLLR+ (SPREAD) 1.20%.
ADVANCES ABOVE Rs. 20.00 LAKH: For advances under Food & Agro Processing Segment with sanctioned limit above Rs. 20.00 lakh and up to Rs. 100.00 Crore (from Banking System) rates of interest will be applicable on the basis of internal and external rating, as under:
(Spread over RLLR)
|
Internal Risk Rating
|
EXTERNAL RATING
|
|
AAA
|
AA
|
A
|
BBB
|
BB & BELOW
|
UNRATED
|
|
A1
|
0.35
|
0.40
|
0.45
|
0.55
|
2.20
|
0.70
|
|
A2
|
0.40
|
0.45
|
0.50
|
0.60
|
2.25
|
0.75
|
|
A3
|
0.70
|
0.80
|
0.90
|
1.00
|
2.60
|
1.15
|
|
A4
|
1.25
|
1.30
|
1.35
|
1.45
|
3.15
|
1.60
|
|
B1
|
1.75
|
1.80
|
1.85
|
1.95
|
3.65
|
2.10
|
|
B2
|
2.65
|
2.75
|
3.10
|
3.70
|
4.55
|
3.95
|
|
B3
|
4.55
|
4.60
|
5.00
|
5.15
|
5.15
|
5.15
|
|
C1
|
5.15
|
|
C2
|
|
C3
|
Note:
Rate of Food & Agro processing Industry is in line with MSME and whenever there is change in rate of interest in MSME, rate of interest applicable on Food & Agro Processing will change accordingly.
C. MSME ADVANCES (Except Schematic Lending not Specified Elsewhere)
1.EXPOSURE UP TO Rs. 20 LAKH
|
Particulars
|
Spread over RLLR
|
|
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
|
|
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)
|
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 (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 BASED)
|
A. PRE-SHIPMENT CREDIT
|
|
Particulars
|
Internal Risk Rating
|
Effective Rate of Interest
|
|
(i) Up to 270 days
|
A1 to A4
|
RLLR+0.45
|
|
B1 , B2
|
RLLR+0.65
|
|
B3 and below
|
RLLR+0.85
|
|
(ii) Above 270 days and up to 360 days
|
A1 to A4
|
RLLR+0.55
|
|
B1,B2
|
RLLR+0.75
|
|
B3 and below
|
RLLR+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+0.40
|
|
B1 , B2
|
RLLR+0.60
|
|
B3 and below
|
RLLR+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+0.50
|
|
B1 , B2
|
RLLR+0.70
|
|
B3 and below
|
RLLR+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+ 4.00 / 1 Year MCLR + 4.00
|
|
2.4 DEFERRED CREDIT/ EXPORT CREDIT NOT OTHERWISE SPECIFIED (ECNOS)
|
|
RLLR + 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 / 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 / MCLR
|
|
Third party Deposit
|
RLLR / 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 / 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 / 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 / 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.
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.