Search
Login

Interest Rate On Advances Linked To MCLR/RLLR/EBLR

  • Home
  • Interest Rate On Advances Linked To MCLR/RLLR/EBLR

As on date - One year MCLR Rate 7.30% About MCLR
Click Here for Monthly MCLR Rates
As on date, Repo Linked Lending Rate (RLLR): 6.80%
w.e.f. 01.09.2020About RLLR
As on date, BASE RATE: 8.65% w.e.f. 01.12.2020
As on date, BPLR: 14.00% w.e.f. 01.05.2012
OTHER EXTERNAL BENCHMARK LINKED LOANS

“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

Limit Up to Rs 30 lakh

LTV up to 80%

LTV More than 80% up to 85%

Limit above Rs 30 lakh upto Rs 75 lakh

Limit Above Rs 75 lakh

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


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)

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%

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

Loan to Defence/ Para Militery Under Rakshak Plus
New Car Old Car

Women (Floating)

Irrespective of CICs Score

RLLR+0.75%

RLLR+1.75%

New Car –RLLR + 0.50%



Old Car – RLLR + 1.50%

PNB PRIDE* (Floating)

Corporates (Floating)

Others Individual (Floating)

CIC Score 750 & above

RLLR+0.75%

RLLR+1.75%

CIC Score 700 and up to 749

RLLR+0.90%

RLLR+1.90%

CIC Score less than 700

RLLR+1.00%

RLLR+2.00%

Under Fixed Rate option for All# (Including under PNB Pride)

MCLR+0.95%

MCLR+1.95%

Not Available

*PNB PRIDE covers the permanent employees of Central, State Govt. Para Military personnel and Pensioners of Central & State Govt.

# Fixed rate option, Loans are permitted under MCLR option only.


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.PRE-APPROVED INSTA VEHICLE LOAN SCHEME FOR EXISTING HOME LOAN BORROWERS

Particular

Rate of Interest

For existing Home loan borrowers with 3 years conduct with nil default at a concession in ROI @ 0.25% on card rate

RLLR+ 0.55% for four wheeler
RLLR + 1.80% for two wheeler
PNB Combo Loan Scheme (Housing Loan + Car Loan) For existing Home loan borrowers with 5 years conduct with nil default at a concession in ROI @ 0.25% on card rate.

6.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%
Education Loan to children of PNB’s Employees where employee is either co-borrower or guarantor. RLLR +0.25%

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%

Education Loan to children of PNB’s Employees where employee is either co-borrower or guarantor.

RLLR + 0.25%

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%

7.PERSONAL LOAN SCHEME

7.1. 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.
7.2. FOR PUBLIC/ LIC AGENTS
7.2. PNB Doctors Delight RLLR + 2.15%
7.3. FOR PUBLIC/ LIC AGENTS
7.3. 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

8.

ADVANCE AGAINST GOLD JEWELLERY/ ORNAMENTS

Demand Loan/ term Loan

RLLR + 1.95%

Overdraft

RLLR + 2.20%

9.

ADVANCE AGAINST SOVEREIGN GOLD BONDS

Individual

RLLR+1.15%

Other than Individual

RLLR+2.15%

10.

PNB BAGHBAN

RLLR+2.75%

11.

EARNEST MONEY DEPOSIT (EMD) SCHEME

RLLR + 0.25%


8.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

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

9

10


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 (MSMEs)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

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

3.10

3.70

4.55

3.95

7

4.55

4.60

5.00

5.15

5.15

5.15

8

5.15

9

10

Note:

Refer section H for mapping of internal risk rating with rating grade and score band.

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

1

0.70%

2

0.75%

3

1.15%

4

1.60%

5

2.10%

6

3.95%

7& 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%

1

0.35%

0.40%

0.45%

0.55%

0.70%

2.20%

2.20%

2

0.40%

0.45%

0.50%

0.60%

0.75%

2.25%

2.25%

3

0.70%

0.80%

0.90%

1.00%

1.15%

2.60%

2.60%

4

1.25%

1.30%

1.35%

1.45%

1.60%

3.15%

3.15%

5

1.75%

1.80%

1.85%

1.95%

2.10%

3.65%

3.65%

6

2.65%

2.75%

3.10%

3.70%

3.95%

4.55%

4.55%

7

4.55%

4.60%

5.00%

5.15%

5.15%

5.15%

5.15%

8 & Below

5.15%

Note:

Refer section H for mapping of internal risk rating with rating grade and score band


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

1

1.95%

2

2.00%

3

2.40%

4

2.90%

5

3.75%

6

4.75%

7

5.50%

8& 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%

1

0.20%

0.25%

0.65%

1.70%

1.95%

2.55%

2.55%

2

0.25%

0.30%

0.70%

1.75%

2.00%

2.60%

2.60%

3

0.55%

0.65%

1.05%

2.15%

2.40%

3.00%

3.00%

4

1.35%

1.50%

1.85%

2.65%

2.90%

3.50%

3.50%

5

2.20%

2.35%

2.70%

3.50%

3.75%

4.35%

4.35%

6

3.15%

3.35%

3.65%

4.50%

4.75%

5.30%

5.30%

7

5.40%

5.55%

5.90%

6.00%

6.00%

6.00%

6.00%

8 & Below

6.00%

Note:

Refer section H for mapping of internal risk rating with rating grade and score band


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%

1

0.40%

0.55%

1.15%

2.70%

2.95%

4.05%

4.05%

2

0.45%

0.60%

1.20%

2.75%

3.00%

4.10%

4.10%

3

0.75%

0.95%

1.55%

3.15%

3.40%

4.50%

4.50%

4

1.55%

1.80%

2.35%

3.65%

3.90%

5.00%

5.00%

5

2.40%

2.65%

3.20%

4.50%

4.75%

5.85%

5.85%

6

3.35%

3.65%

4.15%

5.50%

5.75%

6.50%

6.50%

7

5.60%

5.85%

6.40%

6.50%

6.50%

6.50%

6.50%

8 & Below

6.50%

SPREAD OVER MCLR FORNBFC (OTHER THAN AFC)

1.00% over the ROI as mentioned above

Refer section H for mapping of internal risk rating with rating grade and score band


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

* Refer Section H for mapping of internal risk rating with rating grade and score band

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.

H. MAPPING OF RATING GRADES AND SCORE BANDS

For convenience of users, Rating Grades and Score bands are mapped with a common Internal Risk Rating as per the table below. The table can also be referred for rating significance and risk profile:


Rating Grade

Score Band

Internal Risk Rating

Rating Significance

Risk Profile

p style="text-align:center"

>80

1

Minimum Risk

Low Risk

A2

>70 to <=80

2

Marginal Risk

A3

>64 to <=70

3

Modest Risk

A4

>58 to <=64

4

Lower Risk

B1

>52 to <=58

5

Average Risk

Average Risk

B2

>46 to <=52

6

Marginally Acceptable Risk

B3

>40 to <=46

7

Cautiously Acceptable Risk

Borderline Risk

C1

>35 to <=40

8

High Risk

High Risk

C2

>25 to <=35

9

Very High Risk

C3

<=25

10

Exceptionally High Risk

NOTE

Applicable benchmarks are RLLR and MCLR. For MSME borrowers and Retail schemes, lending rate is linked to RLLR and for other borrowers lending rate is linked to MCLR.

Existing borrowers shall be charged with existing spread over applicable benchmark till next renewal / review of facilities.

Any concession permitted to existing borrowers which is inbuilt in nature shall continue till next renewal of facilities.

Listen
  • Rewarded

    Rewarded

    Earn reward points on transactions made at POS and e-commerce outlets

  • Book your locker

    Book your locker

    Deposit lockers are available to keep your valuables in a stringent and safe environment

  • Financial Advice?

    Financial Advice?

    Connect to our financial advisors to seek assistance and meet set financial goals.

  • ATM & Branch Network

    ATM & Branch Network

    Find PNB Branches and ATMs in proximity to your location.

back to top