Interest Rates on Loans & Advances (% p.a)
- Interest rates on agriculture loans and advances:
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Short term loans |
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Crop/Pragathi KCC/KCC-AH&F/Rythu Mitra Groups/Joint Liability Groups |
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During Interest Subvention Period |
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Up to & inclusive of Rs. 3.00 lakhs |
7.00 |
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Above Rs. 3.00 lakhs |
13.50 |
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Beyond Interest Subvention Period |
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Up to & inclusive of Rs.25,000/- |
12.50 |
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Above Rs.25,000/- & up to & inclusive of Rs.1,00,000/- |
14.50 |
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Above Rs.1.00 lakh |
15.50 |
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Produce loans |
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Up to Rs.3 lakhs against NWRs to SF/MF |
7.00 |
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Up to & inclusive of Rs. 2.00 lakhs |
9.50 |
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Above Rs.2.00 lakhs |
10.50 |
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Agriculture Term loans |
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(A) Agriculture Term Loans & Allied Activities |
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Up to & inclusive of Rs.50,000/- |
12.00 |
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Above Rs.50,000/- |
12.00 |
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B) Pragathi Farm Ponds |
12.00 |
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The above rates under Agriculture Term & Allied Loans are applicable to all Agriculture Term & Allied Loans other than those specifically mentioned. |
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C) Kisan Vahan (2/3/4 wheelers) |
11.50 |
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D) Farmer Producer Groups (FPG) |
13.50 |
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E) Farmer Producer Organization/Company (FPO/FPC)- SFAC |
12.00 |
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F) FPO/FPC –NABSanrakshan |
Up to Rs.1.00 crore: 10.50 Above Rs.1 crore : 10.00 |
(B) Interest rates on loans and advances pertaining to Self Help Groups (SHGs)/Self Help Entrepreneur (SHE):
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*Self Help Groups (SHGs) |
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DAY-NRLM-Interest Subvention |
Up to Rs.3.00 lakhs |
7.00 |
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Above Rs.3.00 lakhs and up to Rs.5.00lakhs |
10.00 |
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Above Rs.5.00 lakhs |
13.00 |
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DAY-NRLM (Non- Interest Subvention) / Other SHGs |
Up to Rs.3.00 lakhs |
9.50 |
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Above Rs.3.00 lakhs |
13.00 |
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Self Help Entrepreneur (SHE) |
12.00 |
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*Tiered rate of Interest.
(C) Interest rates on Jewel Loans:
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Pragathi Kisan Swarna Scheme |
9.00 |
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Pragathi General Gold loan (Priority) |
9.50 |
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Pragathi General Gold Loan ( Non Priority) |
9.75 |
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Pragathi Swarna Sprint |
8.95 |
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Pragathi Vyapara Swarna OD |
10.00 |
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Pragathi Bullet Gold Loan |
13.00 |
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Pragathi Swarna Credit Card |
13.00 |
- Interest Rates on Retail loans:
Customized interest rates based on the risk categorization of the borrower which is as under
|
Segment |
ROI |
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Pragathi Swagruha loan |
CS:1 (Low Risk): 8.95% (CIC score 750 and above) CS:2 (Normal Risk): 9.20% (CIC score 700-749) CS:3 (Moderate Risk): 9.50% (CIC score 650-699) CS:4 (High Risk): 10.25% (CIC score below 650) Concession of 0.25% is applicable for customers who are salaried class and fall under CS: 1, CS: 2, CS: 3 risk grades |
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Pragathi Swagruha Plus |
CS:1 (Low Risk): 10.75% CS:2 (Normal Risk): 11.00% CS:3 (Moderate Risk): 11.25% CS:4 (High Risk): 12.50% |
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Housing loan (CRE) |
+0.50% on the Swagruha loan based on the risk categorization of the borrower Concession of 0.25% is applicable for customers who are salaried class and falls under CS: 1, CS: 2, CS: 3 risk grades |
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Pragathi Conveyance loan (4 wheeler) |
CS:1 (Low Risk): 9.15% CS:2 (Normal Risk): 9.50% CS:3 (Moderate Risk): 9.80 % CS:4 (High Risk): 10.50% Concession of 0.25% is applicable for customers who are salaried class and falls under CS: 1, CS: 2, CS: 3 risk grades |
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Pragathi Multi-Purpose Mortgage loan |
CS:1 (Low Risk): 11.00% CS:2 (Normal Risk): 11.15% CS:3 (Moderate Risk): 11.25 % CS:4 (High Risk) :12.50% |
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Personal Banking scheme to Govt/Quasi Govt/PSU employees who are drawing salaries through our bank vide undertaking of salary deduction from employer |
CS:1 (Low Risk): 10.50 % CS:2 (Normal Risk): 10.65% CS:3 (Moderate Risk): 11.00 % CS:4 (High Risk): 12.50% |
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Rent Plus (Individuals) |
CS:1 (Low Risk): 10.90 % CS:2 (Normal Risk): 11.00% CS:3 (Moderate Risk): 11.25 % CS:4 (High Risk): 12.00% |
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Pragathi Vidya loan scheme |
Up to & inclusive of Rs.7.50 lakhs-11.25% Above Rs.7.50 lakhs-10.85% |
(E) Interest Rates on other Non-Priority loans:
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Pragathi Senior (for retired staff of APGB drawing pension through APGB) |
10.00 |
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Pragathi Pensioners loan scheme |
12.00 |
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Pragathi Conveyance loan (2/3 wheeler) |
13.00 |
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Branch Premises loan |
12.00 |
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Loans/OD against approved securities like NSCs LIC policies |
12.00 |
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BGs paid (incl. OD interest) |
16.00 |
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Commercial complexes/School or College buildings, (CRE) etc |
13.00 |
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CDD – Discount to be collected by way of interest (both priority & non-priority) |
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(a) for a minimum period of 10 days |
16.00 |
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(b) from 11th day (quarterly compounded) |
16.00 |
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Debit Balances in SB/Current A/Cs |
16.00 |
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Loans on Deposits/ODDs: |
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Against Nitya Nidhi Deposits |
11.00 |
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Against other term deposits |
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Up to Rs. 5.00 Lakh |
2% above the deposit rate without any ceiling |
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Above Rs. 5.00 Lakh |
1% above the deposit rate without any ceiling |
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Against term deposits prematurely withdrawn within 15 days |
15.00 |
- Interest rates on Non-Farm sector/MSME advances:
Loans/Working Capital limits to Dealers of inputs to Agriculture (fertilizers, pesticides, seeds, minor and micro irrigation equipment, etc), Retail Trade, Small Business, Small Scale Industries, SME Sector etc. (Working Capital & Term Loans)
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Loans covered under CGTMSE (up to Rs.10.00 lakhs) |
12.00 |
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Loans covered under CGTMSE (Above.10.00 lakhs) |
11.75 |
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Non-CGTMSE (Above Rs.10.00 lakhs) |
11.50 |
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PMEGP |
12.00 |
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Pragathi Trade Overdraft |
12.00 |
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SRTO |
11.00 |
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Show Room Renovation scheme |
12.50 |
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Pragathi Doctor Plus |
10.50 |
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Pragathi Swarojgar Credit Card Scheme |
12.50 |
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General Credit Card |
12.50 |
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Loans under DRI |
4.00 |
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Pragathi Bank Mitra (Business Correspondents) |
7.00 |
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PMJDY OD |
12.00 |
The above rates under Non-Farm Sector/MSE are applicable to both Priority and Non-Priority Sector advances other than those specifically mentioned in this circular.
(G) Interest rates on MSME schematic loans:
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Pragathi Textile Plus |
(a) If the value of immovable property/approved collateral security coverage is between 100-150%: 10.50% (b) If the value of immovable property/approved collateral security coverage is above 150%:10.00% |
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Pragathi Food & Agro processing |
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Pragathi Stone cutting/Granite Processing |
