Agriculture Advances

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 RATES OF INTEREST

Short term loans below Rs. 25.00 lacs

Upto Rs. 3.00 lac 1.75% above BR ie.12.25% P.a.

Above Rs. 3.00 lac and up to Rs. 5.00 lac 2.75% above BR ie. 13.25% p.a.

Above Rs. 5.00lac and below Rs. 25.00 lac 3.75% above BR ie. 14.25% p.a.

Loans of Rs. 25.00 lacs and up to Rs. 100 crores

CRA RATING

SB 1 to SB 2 2.00% above BR i.e. 12.50% p.a.




SB 10 3.75% above BR i.e. 14.25% p.a.


Loans of more than Rs. 100 crores

CRA RATING





SB 10 4.50% above BR i.e. 15.00% p.a.


SIZE OF THE LIMIT RATES OF INTEREST

Agri Term Loans below Rs. 25.00 lacs

Term above 3

years upto 5

years

Term above 5 to

7 Years

Term above 7 to

10 Years

Term above 10

Years

Upto Rs. 3.00 lac 1.85% above BR ie. 12.35% p.a.

1.90% above BR

ie. 12.40% p.a.

1.95% above BR

ie. 12.45% p.a.

2.75% above BR

ie. 13.25% p.a.

Above Rs. 3.00 lac and up to Rs. 5.00 lac

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 below Rs. 25.00 lac

3.85% above BR

ie. 14.35% p.a.

3.90% above BR

ie. 14.40% p.a.

3.95% above BR

ie. 14.45% p.a.

4.75% above BR

ie. 15.25% p.a.

Loans of Rs. 25.00 lacs and up to Rs. 100 crores

Term above 3

years upto 5

years

Term above 5 to

7 Years

Term above 7 to

10 Years

Term above 10

Years

CRA RATING

SB 1 to SB 2 2.10% above BR 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.


2.65% above BR

ie. 13.15% p.a.

2.70% above BR

ie. 13.20% p.a.

3.50% above BR

ie. 14.00% 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.


3.40% above BR

ie. 13.90% p.a.

3.45% above BR

ie. 13.95% p.a.

4.25% above BR

ie. 14.75% p.a.

SB 10 3.85% above BR ie. 14.35% p.a.

3.90% above BR

ie. 14.40% p.a.

3.95% above BR

ie. 14.45% p.a.

4.75% above BR

ie. 15.25% p.a.

SB 11 to SB 15 6.35 % above BR ie. 16.85% p.a.

6.40 % above BR

ie. 16.90% p.a.

6.45 % above

BR ie. 16.95%

p.a.

7.25% above BR

ie. 17.75% p.a.

Loans of more than Rs. 100 crores

Term above 3

years upto 5

years

Term above 5 to

7 Years

Term above 7 to

10 Years

Term above 10

Years

CRA RATING


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.

SB 3 to SB 5 2.60% above BR ie. 13.10 p.a.

2.65% above BR

ie. 13.15% p.a.

2.70% above BR

ie. 13.20% p.a.

3.50% above BR

ie. 14.00% p.a.


3.40% above BR

ie. 13.90% p.a.

3.45% above BR

ie. 13.95% p.a.

4.25% above BR

ie. 14.75% p.a.

SB 8 to SB 9 4.10 % above BR ie. 14.60% p.a.

4.15% above BR

ie. 14.65% p.a.

4.20% above BR

ie. 14.70% p.a.

5.00% above BR

ie. 15.50% p.a.

SB 10 4.60% above BR ie. 15.10% p.a.

4.65% above BR

ie. 15.15% p.a.

4.70% above BR

ie. 15.20% p.a.

5.50% above BR

ie. 16.00% p.a.


6.65% above BR

ie. 17.15% p.a.

6.70% above BR

ie. 17.20% p.a.

7.50% above BR

ie. 18.00% p.a.

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

Term Loan 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 100bps

ECR of AA 75bps

ECR of A 50bps

ECR of BBB or equivalent (ie. Investment Grade) 25bps

Documents

Agriculture Advances