“BANK WILL CHARGE INTEREST ON ALL ADVANCES, UNLESS OTHERWISE SPECIFIED ON THE BASIS OF 365 DAYS PER YEAR”.
RLLR + BSP: 9.25% [ Repo Rate (6.50%) + Mark-up (2.65%) + Business Strategic Premium (BSP) (0.10%)]
A. RETAIL LOANS
HOUSING LOAN
|
Margin & Loan Amount
|
CIBIL TU or equivalent
|
Rate of Interest with Interest table codes
|
|
Floating
|
Fixed
|
|
Tenure upto 10 years
|
Tenure above 10 years
|
|
For loan above Rs. 30 lacs
LTV Ratio
<= 80% & |
800 & above
|
RLLR+BSP-0.85% (presently 8.40% p.a.)
|
9.40%
|
9.90%
|
|
Irrespective of Loan Amount
LTV Ratio <= 80%
& |
PNB Pride*
|
RLLR+BSP-0.80% (presently 8.45% p.a.)
|
9.45%
|
9.95%
|
|
750 and above
|
RLLR+BSP-0.80%
(presently 8.45% p.a.)
|
9.45%
|
9.95%
|
|
700-749
|
RLLR+BSP-0.35%
(presently 8.90% p.a.)
|
9.90%
|
10.40%
|
|
600-699
|
RLLR+BSP+ 0.75%
(presently 10.00% p.a.)
|
11.00%
|
11.50%
|
|
Loan Amount upto 30 lacs
LTV Ratio more than 80% but upto 85%
|
PNB Pride*
|
RLLR+BSP-0.70%
(presently 8.55% p.a.)
|
9.55%
|
10.05%
|
|
750 and above
|
RLLR+BSP-0.70%
(presently 8.55% p.a.)
|
9.55%
|
10.05%
|
|
700-749
|
RLLR+BSP-0.25% (presently 9.00% p.a.)
|
10.00%
|
10.50%
|
|
600-699
|
RLLR+BSP+ 0.85% (presently 10.10% p.a.)
|
11.10%
|
11.60%
|
Home Loan (CRE Category)
|
Margin & Loan Amount
|
CIBIL TU or equivalent
|
Rate of Interest with Interest table codes
|
|
Floating
|
Fixed
|
|
Tenure upto 10 years
|
Tenure above 10 years
|
|
For loan above Rs. 30 lacs
LTV Ratio <= 80%&
|
800 & 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
|
RLLR+BSP-0.30%
(presently 8.95%)
|
9.95%
|
10.45%
|
|
700-749
|
RLLR+BSP+0.15%
(presently 9.40%)
|
10.40%
|
10.90%
|
|
600-699
|
RLLR+BSP+ 1.25%
(presently 10.50%)
|
11.50%
|
12.00%
|
|
Loan Amount upto 30 lacs
LTV Ratio more than 80% but upto 85%
|
PNB Pride*
|
RLLR+BSP-0.20%
(presently 9.05%)
|
10.05%
|
10.55%
|
|
750 and above
|
RLLR+BSP-0.20%
(presently 9.05%)
|
10.05%
|
10.55%
|
|
700-749
|
RLLR+BSP+0.25%
(presently 9.50%)
|
10.50%
|
11.00%
|
|
600-699
|
RLLR+BSP+ 1.35%
(presently 10.60%)
|
11.60%
|
12.10%
|
Home Loan (TL PNB Max Saver)
|
Margin & Loan Amount
|
CIBIL TU or equivalent
|
Rate of Interest with Interest table codes
|
|
Floating
|
Fixed
|
|
Tenure upto 10 years
|
Tenure above 10 years
|
|
For loan above Rs. 30 lacs
LTV Ratio
<= 80%&
|
800 & 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
|
RLLR+BSP-0.65%
(presently 8.60%)
|
9.60%
|
10.10%
|
|
700-749
|
RLLR+BSP-0.20%
(presently 9.05%)
|
10.05%
|
10.55%
|
|
600-699
|
RLLR+BSP+ 0.90%
(presently 10.15%)
|
11.15%
|
11.65%
|
|
Loan Amount upto 30 lacs
LTV Ratio more than 80% but upto 85%
|
PNB Pride*
|
RLLR+BSP-0.55%
(presently 8.70%)
|
9.70%
|
10.20%
|
|
750 and above
|
RLLR+BSP-0.55%
(presently 8.70%)
|
9.70%
|
10.20%
|
|
700-749
|
RLLR+BSP-0.10%
(presently 9.15%)
|
10.15%
|
10.65%
|
|
600-699
|
RLLR+BSP+ 1.00% (presently 10.25%)
|
11.25%
|
11.75%
|
Home Loan (OD PNB Max Saver)
|
Margin & Loan Amount
|
CIBIL TU or equivalent
|
Rate of Interest with Interest table codes
|
|
Floating
|
Fixed
|
|
Tenure upto 10 years
|
Tenure above 10 years
|
|
For loan above Rs. 30 lacs LTV Ratio <= 80%&
|
800 & 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
|
RLLR+BSP-0.65%
(presently 8.60%)
|
9.60%
|
10.10%
|
|
700-749
|
RLLR+BSP-0.20%
(presently 9.05%)
|
10.05%
|
10.55%
|
|
600-699
|
RLLR+BSP+ 0.90%
(presently 10.15%)
|
11.15%
|
11.65%
|
|
Loan Amount upto 30 lacs
LTV Ratio more than 80% but upto 85%
|
PNB Pride*
|
RLLR+BSP-0.55%
(presently 8.70%)
|
9.70%
|
10.20%
|
|
750 and above
|
RLLR+BSP-0.55%
(presently 8.70%)
|
9.70%
|
10.20%
|
|
700-749
|
RLLR+BSP-0.10%
(presently 9.15%)
|
10.15%
|
10.65%
|
|
600-699
|
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 or equivalent
|
Rate of Interest with Interest table Codes
|
|
Floating
|
Fixed
|
|
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)
|
|
|
|
PNB PRIDE*
|
9.80%
|
9.75%
|
|
Corporate#
|
|
Insta Vehicle Loan Scheme for existing home loan borrower
(New Car Only)
|
|
Others Individual
|
750 & 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
|
RLLR+ BSP i.e.9.25% p.a.
(Presently)
|
RLLR+BSP-0.05% i.e. 9.20%
|
10.25%
|
10.20%
|
|
680 to less than 700
|
RLLR+ BSP+ 0.35%
i.e. 9.60% p.a.
|
RLLR+ BSP+ 0.30%
i.e. 9.55% p.a.
|
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 or equivalent
|
Rate of Interest with Interest table Codes
|
|
Floating
|
Fixed
|
|
Car Loan (other than e-vehicle)
|
Car Loan (other than e-vehicle)
|
|
Women
|
Irrespective of CICs Score
|
RLLR+ BSP+0.55%
i.e. 9.80% p.a.
|
10.80%
|
|
PNB PRIDE*
|
|
Corporate#
|
|
Insta Vehicle Loan Scheme for existing home loan borrower
(New Car Only)
|
|
Others Individual
|
750 & above
|
RLLR+ BSP+0.55%
i.e. 9.80% p.a.
|
10.80%
|
|
700 and up to 749
|
RLLR+ BSP+1.00% i.e. 10.25% p.a.
|
11.25%
|
|
680 to less than 700
|
RLLR+ BSP+ 1.35%
i.e. 10.60% p.a.
|
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 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.
|
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
|
CIBIL TU or Equivalent
|
Rate of Interest with Interest table codes
|
|
Floating
|
Fixed
|
|
TL
|
OD
|
TL
|
OD
|
|
A
|
Loan to Defence/ Para Military Personals drawing salaries through our Bank including customers covered under Rakshak Plus scheme
|
Not applicable
|
RLLR+BSP+ 2.15%
(Presently 11.40%)
|
RLLR+BSP+ 2.15%
(Presently 11.40%)
|
12.40%
|
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.
|
= 800
|
RLLR+BSP+ 2.50%
(Presently 11.75%)
|
RLLR+BSP+ 2.50%
(Presently 11.75%)
|
12.75%
|
12.75%
|
|
=750 less than 800
Or
With Nil credit history (i,e -1 or 0)
|
RLLR+BSP+ 3.50%
(Presently 12.75%)
|
RLLR+BSP+ 3.50%
(Presently 12.75%)
|
13.75%
|
13.75%
|
|
680 to 749
|
RLLR+BSP+ 4.50%
(Presently 13.75%)
|
RLLR+BSP+ 4.50%
(Presently 13.75%)
|
14.75%
|
14.75%
|
|
Score less than 680
|
RLLR+BSP+ 5.00%
(Presently 14.25%)
|
RLLR+BSP+ 5.00%
(Presently 14.25%)
|
15.25%
|
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
|
Score = 800
|
RLLR+BSP+ 3.50%
(Presently 12.75%)
|
RLLR+BSP+ 3.50%
(Presently 12.75%)
|
13.75%
|
13.75%
|
|
=750 less than 800
Or
With Nil credit history (i,e -1 or 0)
|
RLLR+BSP+ 4.50%
(Presently 13.75%)
|
RLLR+BSP+ 4.50%
(Presently 13.75%)
|
14.75%
|
14.75%
|
|
680 to 749
|
RLLR+BSP+ 6.50%
(Presently 15.75%)
|
RLLR+BSP+ 6.50%
(Presently 15.75%)
|
16.75%
|
16.75%
|
|
Score less than 680
|
RLLR+BSP+ 7.00%
(Presently 16.25%)
|
RLLR+BSP+ 7.00%
(Presently 16.25%)
|
17.25%
|
17.25%
|
|
D
|
Loan to employees under check off facility
|
= 800
|
RLLR+BSP+ 5.00%
(Presently 14.25%)
|
RLLR+BSP+ 5.00%
(Presently 14.25%)
|
15.25%
|
15.25%
|
|
=750 less than 800
Or
With Nil credit history (i,e -1 or 0)
|
RLLR+BSP+ 5.50%
(Presently 14.75%)
|
RLLR+BSP+ 5.50%
(Presently 14.75%)
|
15.75%
|
15.75%
|
|
680 to 749
|
RLLR+BSP+ 7.20%
(Presently 16.45%)
|
RLLR+BSP+ 7.20%
(Presently 16.45%)
|
17.45%
|
17.45%
|
|
Score less than 680
|
RLLR+BSP+ 7.70%
(Presently 16.95%)
|
RLLR+BSP+ 7.70%
(Presently 16.95%)
|
17.95%
|
17.95%
|
DIGITAL PERSONAL LOAN
|
Scheme
|
CIBIL TU or equivalent
|
Rate of Interest with Interest Table Codes
|
|
Floating
|
Fixed
|
|
PAPL to (Central Govt./ State Govt./ PSU/Pvt. Employees)
|
>=800
|
RLLR+BSP+2.25%
(Presently 11.50%)
|
12.50%
|
|
>=750 less than 800
Or
With Nil credit history (i,e -1 or 0)
|
RLLR+BSP+3.25%
(Presently 12.50%)
|
13.50%
|
|
700 to 749
(not applicable for PAPL to Pvt. Employees)
|
RLLR+BSP+4.25%
(Presently 13.50%)
|
14.50%
|
|
PAPL to pensioners
|
>= 650
|
RLLR+BSP+2.25%
(Presently 11.50%)
|
12.50%
|
|
PAPL to existing customer on the basis of QAB & TRV
|
>= 800
|
RLLR+BSP+2.25%
(Presently 11.50%)
|
12.50%
|
|
>=750 less than 800
|
RLLR+BSP+4.25%
(Presently 13.50%)
|
14.50%
|
|
PAPL to existing Car Loan, Home Loan and Personal Loan borrower
|
>=800
|
RLLR+BSP+2.25%
(Presently 11.50%)
|
12.50%
|
|
CIC>=750 less than 800
|
RLLR+BSP+3.25%
(Presently 12.50%)
|
13.50%
|
Digital Personal loan to NTB customers PNB SWAAGAT
|
CIC Score
|
Existing Under Floating Option
|
Proposed Under Fixed Option
|
|
>=800 (CIBIL) or equivalent
|
RLLR+BSP+2.25%
(Presently 11.50%)
|
12.50%
|
|
750 to 799 (CIBIL) or equivalent
|
RLLR+BSP+3.25%
(Presently 12.50%)
|
13.50%
|
|
700 to 749 (CIBIL) or equivalent including -1/0/no hit/Nil
|
RLLR+BSP+4.25%
(Presently 13.50%)
|
14.50%
|
PAPL to fully repaid home loan/ car loan/ education loan/ personal loan borrowers
|
CIBIL TU or equivalent
|
Rate of Interest
|
|
Existing Under Floating Option
|
Proposed Under Fixed Option
|
|
>=800
|
RLLR+BSP+2.25%
(presently 11.50%)
|
12.50%
|
|
CIC>=750 less than 800
|
RLLR+BSP+3.25%
(Presently 12.50%)
|
13.50%
|
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.