Rate of Interest on Agriculture Loans

KCC/Crop Loans upto Rs.3.00lac

7.00%p.a.*

*This is subject to interest subvention available from Govt. of India from time to time. The present
rate of subvention available to the Bank is 2.00%p.a.for the year 2012-13.Further,subvention of
3.00%p.a.is available to the farmers who repay their dues in time i.e. the effective rate of interest on
Crop Loan/KCC upto Rs.3.00lac for prompt paying farmers is 4.00%p.a..In case of Crop Loan/KCC
accounts where subvention is not available, the following card rate of interest will be charged.
SIZE OF THE LIMIT
Short term loans below Rs. 25.00 lacs
Upto Rs. 3.00 lac
Above Rs. 3.00 lac and up to Rs. 5.00 lac
Above Rs. 5.00lac and below Rs. 25.00 lac
Loans of Rs. 25.00 lacs and up to Rs. 100 crores
CRA RATING
SB 1 to SB 2
SB 3 to SB 5
SB 6 to SB 7
SB 8 to SB 9
SB 10
SB 11 to SB 15
Loans of more than Rs. 100 crores
CRA RATING
SB 1 to SB 2
SB 3 to SB 5
SB 6 to SB 7
SB 8 to SB 9
SB 10
SB 11 to SB 15
SIZE OF THE LIMIT

RATES OF INTEREST
1.75% above BR ie.12.25% P.a.
2.75% above BR ie. 13.25% p.a.
3.75% above BR ie. 14.25% p.a.

2.00% above BR i.e. 12.50% p.a.

2.50% above BR i.e. 13.00% p.a.
2.75% above BR i.e. 13.25% p.a.
3.25% above BR i.e. 13.75% p.a.
3.75% above BR i.e. 14.25% p.a.
6.25% above BR i.e. 16.75% p.a.

2.00% above BR i.e. 12.50% p.a.

2.50% above BR i.e. 13.00% p.a.
3.25% above BR i.e. 13.75% p.a.
4.00% above BR i.e. 14.50% p.a.
4.50% above BR i.e. 15.00% p.a.
6.50% above BR i.e. 17.00% p.a.

RATES OF INTEREST

Agri Term Loans Term above 3 Term above 5 to Term above 7 to Term above 10
10 Years
Years
below Rs. 25.00 lacs years upto 5 7 Years
years
1.85% above BR
1.90% above BR
1.95% above BR 2.75% above BR
Upto Rs. 3.00 lac
Above Rs. 3.00 lac and
up to Rs. 5.00
lac

ie. 12.35% p.a.

ie. 12.40% p.a.

ie. 12.45% p.a.

ie. 13.25% p.a.

2.85% above BR ie.

13.35% p.a.

2.90% above BR ie.

13.40% p.a.

2.95% above BR
ie. 13.45% p.a.

3.75% above BR ie.

14.25% p.a.

Above Rs. 5.00lac and 3.85% above BR

ie. 14.35% p.a.
below Rs. 25.00 lac

3.90% above BR
ie. 14.40% p.a.

Loans of Rs. 25.00 Term above 3

lacs and up to Rs. years upto 5
years
100 crores
CRA RATING
2.10% above BR
SB 1 to SB 2
ie. 12.60% p.a.

2.15% above BR
ie. 12.65% p.a.

2.20% above BR
ie. 12.70% p.a.

3.00% above BR
ie. 13.50% p.a.

2.70% above BR
ie. 13.20% p.a.

3.50% above BR
ie. 14.00% p.a.

2.60% above BR
ie. 13.10% p.a.

2.65% above BR
ie. 13.15% p.a.

SB 6 to SB 7

2.85% above BR
ie. 13.35% p.a.
3.35% above BR
ie. 13.85% p.a.
3.85% above BR
ie. 14.35% p.a.
6.35 % above BR
ie. 16.85% p.a.

2.90% above BR
ie. 13.40% p.a.
3.40% above BR
ie. 13.90% p.a.
3.90% above BR
ie. 14.40% p.a.
6.40 % above BR
ie. 16.90% p.a.

SB 10
SB 11 to SB 15
Loans of more than
Rs. 100 crores
CRA RATING
SB 1 to SB 2
SB 3 to SB 5
SB 6 to SB 7

SB 8 to SB 9
SB 10
SB 11 to SB 15

Term
years
years

above
upto

4.75% above BR
ie. 15.25% p.a.

Term above 5 to Term above 7 to Term above

7 Years
10 Years
Years

SB 3 to SB 5

SB 8 to SB 9

3.95% above BR
ie. 14.45% p.a.

2.95% above BR
ie. 13.45 p.a.
3.45% above BR
ie. 13.95% p.a.
3.95% above BR
ie. 14.45% p.a.
6.45 % above
BR ie. 16.95%
p.a.
3 Term above 5 to Term above 7 to
5 7 Years
10 Years

10

3.75% above BR
ie. 14.25% p.a.
4.25% above BR
ie. 14.75% p.a.
4.75% above BR
ie. 15.25% p.a.
7.25% above BR
ie. 17.75% p.a.
Term above
Years

2.10% above BR
ie. 12.60% p.a.
2.60% above BR
ie. 13.10 p.a.
3.35% above BR
ie. 13.85% p.a.

2.15% above BR
ie. 12.65% p.a.
2.65% above BR
ie. 13.15% p.a.
3.40% above BR
ie. 13.90% p.a.

2.20% above BR
ie. 12.70% p.a.
2.70% above BR
ie. 13.20% p.a.
3.45% above BR
ie. 13.95% p.a.

3.00% above BR
ie. 13.50% p.a.
3.50% above BR
ie. 14.00% p.a.
4.25% above BR
ie. 14.75% p.a.

4.10 % above BR
ie. 14.60% p.a.
4.60% above BR
ie. 15.10% p.a.
6.60% above BR
ie. 17.10% p.a.

4.15% above BR
ie. 14.65% p.a.
4.65% above BR
ie. 15.15% p.a.
6.65% above BR
ie. 17.15% p.a.

4.20% above BR
ie. 14.70% p.a.
4.70% above BR
ie. 15.20% p.a.
6.70% above BR
ie. 17.20% p.a.

5.00% above BR
ie. 15.50% p.a.
5.50% above BR
ie. 16.00% p.a.
7.50% above BR
ie. 18.00% p.a.

10

In case of individual borrowers availing limits / loans of Rs. 25.00 lacs & above where credit rating
has been waived, following rate of interest will be applicable.
Rates of Interest
Agri Cash Credit
Term Loan

3.00% above the BR ie. 13.50% p.a.

3.50% above the BR ie. 14.00% p.a.

a) The special/ concessional rates of interest for different schemes viz: Commission Agents, Rural
Godowns, NBHC, Commercial Dairy, input suppliers etc. as already approved will continue.
b) Cases where the current effective interest rate (post concessions) is less than the revised
applicable effective rate, lower of the two will continue to be charged.
c) Cases where the current effective interest rate (post concessions) is above the revised applicable
effective rate, lower of the two will be charged.
d) Accounts where no interest concessions are extended or where the current rate of interest is higher
than the proposed Card Rate, revised interest will be applied.
e) In no case, the applicable interest rate should go below the base rate after allowing all
concessions.
f) For giving these benefits, the branches will be required to aggregate all the limits manually and
feed appropriate rate of interest in the system.
Note:- 1. For loan of more than Rs.100.00 Crores branches to make a/c adjustment where
rating is SB 6 and above.
2. For loans/limits of Rs.25.00 lacs and above where credit rating is waived, branches to make
a/c level adjustment.
3. All concessions to be managed at branch level.
It has also been decided to allow further concessions for Externally Credit Rated (ECR) borrowers. To
incentivize the borrowers on whose exposures Bank is required to provide less Capital, additional
concession of 25 bps to 100 bps has been provided over and above the card rates across all categories
of borrowers as under:
Rating

Concessions

ECR of AAA
ECR of AA
ECR of A
ECR of BBB or equivalent (ie. Investment Grade)

100bps
75bps
50bps
25bps