| With
effect from 01.03.2008, Bank has revised its Benchmark
PLR from 13.00% to 12.50% p.a. |
Linkage of BPLR
to interest rates on various kind of bank advances
is subject to bank guidelines issued from time to
time.
Interest
Rates in respect of Export Credit
( Click
here for details )
| Advances
against ( with effect from 01.08.2007) |
| Govt
Securities,FDRs of PNB subsidiaries, etc |
BPLR |
| Life
Insurance Policies |
Demand
Loans-BPLR minus 1.25
Overdrafts-BPLR minus 0.75 |
| NSCs/KVPs/
IVPs |
Demand Loans-BPLR minus 1.25 |
| Overdrafts-BPLR
minus 0.75 |
| RBI
Relief Bonds |
Demand
Loans-BPLR minus 1.25
Overdrafts-BPLR minus 0.75 |
|
| Housing
Finance |
Rate
of Interest : w.e.f. 01.03.2008 |
 |
RATE
OF INTEREST UNDER FIXED OPTION :
| TENURE
For loans repayable in/upto |
Rate
of Interest @ percent p.a. |
| Upto
20 lac |
Above
20 lac |
| i)
Upto 5 years |
10.25 |
10.75 |
ii)
Above 5 & upto 10 years |
11.00 |
11.50 |
| iii)
Above 10 years & upto 20 years
|
11.25 |
11.75 |
iv)
Above 20 years & upto 25 years |
11.75 |
12.25 |
RATE
OF INTEREST UNDER FLOATING OPTION :
| TENURE
For loans repayable in/upto |
Rate
of Interest @ percent p.a.
|
| Upto
20 lac |
Above
20 lac |
| i)
Upto 5 years |
9.00 |
9.50 |
| ii)
Above 5 & upto 10 years |
9.25 |
9.75 |
| iii)
Above 10 years & upto 20 years |
9.50 |
10.00 |
| iv)
Above 20 years & upto 25 years |
10.00 |
|
1. The fixed rate of interest option of Housing Loans,
disbursed on or after 01.08.2006, will be subject to reset
clause of five years on all repayment tenors except tenor
upto 05 year. (RBD Advances Circular 25 dated 02.08.2006)
2. Extra 0.50% Rate of Interest on card rate to be charged
in respect of persons already having one or more houses
and availing Housing Loan for subsequent house/s. This
extra Rate will continue to be charged in all cases where
either borrower or co-borrower is having one or more houses
in his/her name.
| Peronal
loan |
|
|
Personal Loan to Pensioners*
:
Less
than 3 years BPLR + 0.25% (presently 12.75%)
3
years & Above BPLR - 0.25% + 0.50% TP (presently
12.75%)
*Under
Scheme for Personal Loan to Pensioners, concession of
50bps be given to sr. citizens availing loan upto Rs.
50,000/-
Personal Loan and its variants viz. PNB Vivah,
PNB Arogya, PNB Paryatak and PNB Joy:
a.. For Public
i. Individuals
whose salary is being disbursed through our branches
as also those employees who are availing the loan
under check-off facility |
12.50% |
ii. For others
b. For Defence Personnel only
(Applicable for main Scheme only viz. Personal Loan
Scheme for Public) |
13.50% |
| i. Individuals whose salary is disbirsed through
branch. |
12.25% |
| ii. For others |
13.25% |
|
Car Finance |
|
|
FOR LOANS SANCTIONED/DISBURSED ON OR
AFTER 01.03.2008
Car Loan ( on fixed option basis
with reset clause of one year)
| a.) Individuals with minimum RBL
Score of 60 & above |
11.00% } Applicable on loans sanctioned
& disbursed on or after 1.3.2008.
|
| b.) For
Others (including business concerns) |
11.50% |
The aforesaid fixed rate of interest
under Car Loan Scheme will be reviewed by the bank each
year and it will be accordingly re-set for the year commencing
from 1st April to 31st March. If, the rate of interest
is not revised by the Bank, in any year, the rate of interest
of previous year will continue to apply for the year.
If there is any delay in revision of interest, appropriate
adjustment will be made in the account.
| Two-wheeler
Loans |
|
|
| Two-wheeler
Loans |
Repayment
period |
|
Less
than 3 years |
3
years & Above |
| 1.Where salary is being disbursed through the concerned
bank branch and/or an undertaking from the employer
for deduction of monthly installment from the salary
of concerned employee AND Loan to Students |
BPLR - 1.75% (presently 10.75%) |
BPLR-1.75%+0.50%TP (presently
11.25%) |
| 2. Where satisfactory loan repayment history is
available on record, with no default, by way of statement
of account of an existing or an adjusted loan account
(not more than 1 year old and includes track record
with our bank in respect of any loan account or other
banks/FIs/NBFCs). |
BPLR - 1% (presently 11.50%) |
BPLR - 1% +0.50%TP (presently
12.00%) |
| 3. Business concern |
BPLR - 1% (presently 11.50%) |
BPLR - 1% +0.50%TP
(presently 12.00%)
|
| 4. Where there is no income proof e.g., self-employed,
individuals etc. |
BPLR + 2% (presently 14.50% |
BPLR + 2% +0.50%TP (presently
15.00%) |
| 5. All other cases |
BPLR
(presently 12.50%)
|
BPLR + 0.50%TP (presently 13.00%) |
| Finance
for traders |
|
|
Trading Advances General Scheme
:
For loans where collateral security (in the form of mortgage
of IP) is 100% & above of the sanctioned limit and
the amount of limit is upto Rs.2 crore, Credit Risk Rating
for calculation of interest rate will not be applicable.
In such cases the rate of interest will be as under:
a.
If collateral security is |
Repayment
period |
| Less
than 3 yrs |
3
yrs & above |
i. 100%
|
*BPLR - 0.50%
(12.00%) |
*BPLR - 0.50% +0.50%
TP (12.50%) |
ii. 125% |
*BPLR - 0.75% (11.75%) |
*BPLR - 0.75% +0.50%TP (12.25%) |
iii. 150% |
BPLR - 1% (11.50%) |
BPLR - 1% +0.50%TP (12.00%) |
iv. 200% |
BPLR - 1.25% (11.25%) |
BPLR - 1.25% +0.50%TP (11.75%) |
| |
(* these rates will be applicable for
loan amount above Rs.2 lac & upto Rs.2 crore.
For loan amount upto Rs.2 lac, the Rate of Interest
as mentioned in category c(i) below, will be applicable.) |
| |
b. If collateral
security is in the form of liquid security, such
as Fixed Deposits, NSCs, KVPs, surrender value of
LIC :
i. 100% or more
ii. 75% or more & less than 100%
iii. 50% or more & less than 75% |
BPLR - 1.75%
(10.75%)
BPLR - 0.75% (11.75%)
BPLR - 0.50% (12.00%)
|
BPLR - 1.75% + 0.50%TP (11.25%)
BPLR - 0.75% + 0.50%TP
(12.25%)
BPLR - 0.50% + 0.50% TP (12.50%)
|
c. In all other cases
i. Upto Rs.2 lac
ii. Over Rs.2 lac and upto Rs.20 lac
iii. Over Rs.20 lac (as per Credit Risk Rating
Score)
|
BPLR - 1% (11.50%)
BPLR
(12.50%)
BPLR to BPLR + 2%
(12.50% to 14.50%) |
BPLR - 1% + 0.50% TP (12.00%)
BPLR + 0.50% TP
(13.00%)
BPLR + 0.50% TP to
BPLR + 2% + 0.50% TP
(13.00% to 15.00%) |
| The rate of interest is subject to review
every half year and Bank is having a right to change
rate of interest without change in BPLR. If, the rate
of interest is not revised, in any half year, the
rate of interest of previous half year will continue
to be applicable. |
Super Trade Scheme :
|
Repayment
period |
| Less
than 3 yrs |
3
yrs & above |
i. Value of collateral security 150% or more but
less than 200%
|
BPLR (12.50%) |
BPLR + 0.50% TP
(13.00%)
|
ii. Value of collateral
security is 200% or more |
BPLR – 0.50%
(12.00%)
|
BPLR-0.50%+0.50%TP
(12.50%)
|
| In case the credit summations in the
account are less than 50% of the Sales (pro-rata for
the quarter), additional 1% rate of interest will
be charged over & above the Card Rate on the outstanding
for the entire quarter irrespective of Value of Security. |
Contact
nearest branch for more details
| Professional
Loan Scheme |
|
|
Rate
of Interest (For loans granted on or after 01.05.2006)
 |
Loans
up to Rs. 2 lac: (BPLR)% p.a.* |
|
Loans
above Rs. 2 lac:
-Working
Capital (BPLR+2.00)% p.a.*
-Term
Loans (BPLR+2.00+ 0.5)% p.a.* |
* Subject to change
| Doctors |
|
|
|
Less
than 3 years |
3
yrs & above |
a) General Scheme |
BPLR - 1%
(presently 11.50%) |
BPLR + 0.50% TP
(presently 13.00%) |
| b) Gramin Chikitsak |
-For Loans upto Rs.20 lacs - 11.00%
-For Loans above Rs.20 lacs - 11.50%
(as applicable for Housing Loans for repayment period
upto 10 years under fixed option) |
| Education
loan scheme |
|
|
(For
loans granted on or after 01.03.2008)
Rate
of Interest
| |
Sarvottam Siksha |
Vidya Lakshyapurti |
| Loan
up to Rs. 4 lakh |
Repayable
in less than 03 years :
BPLR - 1.75% (presently 10.75%)
Repayable
in 03 years & above :
BPLR
-2.25% + 0.50% TP
(presently
10.75%)
|
Repayable
in less than 03 years :
BPLR - 0.75% (presently 11.75%)
Repayable
in 03 years & above :
BPLR(-)
1.25% + 0.50% TP (presently 11.75%)
|
| Loan
over Rs. 4 lakh up to Rs. 15 lakh |
Repayable
in less than 03 years :
BPLR - 0.25% (presently 12.25%)
Repayable
in 03 years & above :
BPLR
- 0.75% + 0.50% TP (presently 12.25%)
|
Repayable
in less than 03 years :
BPLR + 0.50% (presently 13.00%)
Repayable
in 03 years & above :
BPLR
+ 0.50% TP (presently 13.00%)
|
|
Over Rs.15 lakh |
NA |
Repayable
in less than 03 years :
BPLR + 0.50% (presently 13.00%)
Repayable
in 03 years & above :
BPLR
+ 0.50% TP (presently 13.00%)
|
* Subject to change.
Interest
will be charged at simple rates from the date of disbursement
till the commencement of repayment of loan and thereafter,
Compound Interest will be charged on reducing balance
basis. ½% interest concession may be provided for the
loanees if the interest is serviced during the study period.
Rates
under 'PNB FIN-BASKET' scheme
50 basis points below BPLR+Term Premia of 0.50%
| Krishi
Cards / Agriculture Working Capital Advances
|
|
Rate
of Interest @percent p.a. w.e.f. 1.08.2006
| Advances
upto Rs 50000 |
BPLR
minus 2.25% |
| Advances
over Rs 50000 to Rs 2 Lacs |
BPLR
minus 1.00% |
| Advances
over Rs 2 lacs to Rs 20 lacs |
BPLR |
| PNB
BAGHBAN
|
|
REVERSE MORTGAGE SCHEME
FOR SENIOR CITIZENS
Rate of interest: 10.00% (fixed)
*subject to re-set clause of 05 years.
| Loan
Against Mortgage of Immovable Property
|
|
|
Less
than 3 years
(BPLR + 1.75) % ( i.e. presently 14.25% )
3
years & above
(BPLR + 1.75 +0.50) % TP ( i.e. presently 14.75% )
*This
is subject to change from time to time.
| Loan
Against Future Lease Rentals |
|
|
| Less than 3 years |
BPLR - 0.25% (Not less than 13.50) |
| 3 years & above |
BPLR - 0.25% + 0.50%TP (Not less than 13.50) |
| Finance
for Women (including Housewives) |
|
|
BPLR+
Term Premia wherever applicable
* This is subject to change
from time to time.
Commercial
Real estate loans and
Non
Deposit taking sytematically important NBFCs(other
than AFCs) |
|
|
Rate of Interest :- BPLR to BPLR + 4%
(depending on the rating of the borrower).
| Mahila
Udyam Nidhi Scheme |
|
|
Rate
of Interest
|
Soft loan: Only service charge @ 1% p.a. is payable,
which may be retained by lending office. |
|
Term
Loan: As per interest rates advised from time to time
or structure under Refinance Scheme as fixed by SIDBI
from time to time, in case refinance has been availed.
For such prevailing rates, the concerned branch may
be contacted. |
| Advance
against Jewellery & Ornaments |
|
|
a)
Productive purposes for Agriculture
i. Upto Rs.50,000/-
ii. Over Rs.50,000/- & upto Rs.2.00 lac
|
BPLR - 2% (presently 10.50%)
BPLR - 1% (presently 10.50%) |
b) Productive Purposes (other than agriculture)
i. Upto Rs.2 lacs
ii. Over Rs.2 lacs
|
BPLR – 1% (presently 11.50%)
BPLR (presently 12.50%) |
c) Non-productive purposes
Public (Ceiling Rs.2 lacs)
|
BPLR + 1% (presently 13.50%) |
| d) Staff (Non-productive purposes) |
BPLR – 1% (presently 11.50%) |
|
