The following MCLR rates are w.e.f. 16/08/2018 to next review.
| S. No | Tenor | Rate of Interest (%) |
|---|---|---|
| 1 | Overnight MCLR | 7.90 |
| 2 | One Month MCLR (More than overnight upto 1 month) | 8.05 |
| 3 | Three Month MCLR (More than 1 Month and upto 3 Months) | 8.25 |
| 4 | Six Month MCLR (More than 3 Months and upto 6 Months) | 8.40 |
| 5 | One Year MCLR (More than 6 Months and upto 1 Year) | 8.70 |
| 6 | Three Year MCLR Applicable for any tenor More Than 1 Year)) | 8.90 |
Review of Base Rate & BPLR:
| Base Rate | BPLR |
|---|---|
| 9.70% | 14.00% |
PSB Housing Loan
| Loan Amount | Rate of Interest (p.a.) |
|---|---|
| Upto Rs.75.00 lacs | One Year MCLR |
| Above Rs.75.00 lacs | One Year MCLR + 0.25% |
PSB Auto Loan
|
CATEGORY |
RATE OF INTEREST (p.a.) (All Tenures) |
|
New Four Wheeler Vehicle |
One Year MCLR + 0.25% |
|
New Two Wheeler Vehicle |
One Year MCLR+ 2.00% |
|
Old Four Wheeler Vehicle |
One Year MCLR+ 3.00% |
IBA Model Education Loan scheme
For higher studies in India & abroad:
| Category | Loan up to Rs.4 Lac | Loan Above Rs.4 Lac & up to Rs.7.50 Lac | Above Rs.7.50 Lac |
|---|---|---|---|
| General Public | One Year MCLR +2.00% | One Year MCLR +2.00% | One Year MCLR +1.50% |
|
Concession in Interest |
No Concession | 0.50% | No Concession |
- Additional concession of 0.50% for girl students
- Additional concession @1% to all borrowers on account of service of interest during moratorium period.
- *All the concessions are subject to charging of minimum of One Year MCLR of the Bank.
IBA Skill Loan Scheme:
| Category | Rate of Interest (p.a.) |
|---|---|
| General Public | One Year MCLR + 3.00% |
PSB Execellence-Education Loan Scheme for Premier Institutions
(For students of IIMs, IITs and ISB (Hyderabad)
One Year MCLR + 1% at present. (No other concession is applicable).
PSB Personal Loans To Salaried Class & Pensioners
| Category | Rate of interest(p.a.) |
|---|---|
| For Salaried Class |
Where deduction of installment from salary at source is available or salary disbursed through our branches:- One Year MCLR + 5.25% p.a. presently with monthly rests. |
| For Pensioners | One Year MCLR + 4.00% , presently with monthly rests. |
PSB Doctor Special Loan Scheme
| Category | Rate of Interest (P.A.) |
|---|---|
| Upto Rs.50 lacs | One Year MCLR + 2.50% |
| Above Rs.50 lacs & Upto Rs.1Crore | One Year MCLR + 2.75% |
| Above Rs.1crore & Upto Rs.2 Crore | One Year MCLR + 3.00% |
Sukhmoney Scheme (Reverse Mortgage Loan Scheme)
The rate of interest will be at fixed rate subject to minimum of bank’s One Year MCLR with reset clause every five years
| Category | Rate of Interest (P.A.) |
|---|---|
| Loan amount up to Rs.20 lacs | One Year MCLR +2.00% |
| Loan amount above Rs.20 lacs | One Year MCLR + 2.50% |
PSB Housing Loan Top Up Scheme
Rate of Interest would be 100 basis points over and above the ROI charged on the existing housing loan.
PSB "Grow & Pay" Housing Loan Scheme
The Rate of Interest for loans sanctioned under this scheme would be as charged on PSB Housing Loan Scheme.
PSB Kisan Home Loan Scheme
One Year MCLR.
SB OD Scheme (For Over Draft Facility)
Rate of interest (per annum): One Year MCLR +4%
PSB Commercial Vehicle Scheme
New vehicle
- For Existing units – As per credit rating for MSME advances.
- For new Enterprises – As applicable to MSME advances credit rating -3-.
- Concession of interest on new vehicles @0.50% in the case where margin is above 40% of the total cost of the vehicle subject to minimum of Bank’s One Year MCLR.
PSB Mortgage Loan
Term Loan facilities (For MSME): One year MCLR + 2.50%
Term Loan facilities (for others): One year MCLR + 2.75%
Overdraft facilities (For MSME): One year MCLR + 2.25%
Note: For loan/limit above Rs 500 lacs, applicable rate of interest shall be 50 bps over the above mentioned rates.
PSB Vyapar Loan
For Working Capital Term Loan facilities repayable upto 5 years: One year MCLR + 2.25%
For Term Loan facilities repayable upto 10 years: One year MCLR + 2.75%
For Overdraft facilities: One year MCLR + 2.00%
Note: For loan/limit above Rs 500 lacs, applicable rate of interest shall be 50 bps over the above mentioned rates.
PSB SME Liquid Plus
|
For Term Loan facilities repayable upto 5 years: One year MCLR + 1.85% For Term Loan facilities repayable above 5 years: One year MCLR + 2.05% For Overdraft facilities: One year MCLR + 1.60% |
