The following MCLR rates are w.e.f. 16/01/2020 to next review.
| S. No | Tenor | Rate of Interest (%) |
|---|---|---|
| 1 | Overnight MCLR | 8.10 |
| 2 | One Month MCLR (More than overnight upto 1 month) | 8.15 |
| 3 | Three Month MCLR (More than 1 Month and upto 3 Months) | 8.20 |
| 4 | Six Month MCLR (More than 3 Months and upto 6 Months) | 8.35 |
| 5 | One Year MCLR (More than 6 Months and upto 1 Year) | 8.45 |
| 6 | Three Year MCLR Applicable for any tenor More Than 1 Year)) | Henceforth,rates of 1 yr MCLR will be applicable to advances falling under this category |
Review of Base Rate & BPLR:
| Base Rate | BPLR |
|---|---|
| 9.70% | 14.00% |
PSB Apna Ghar
- Rate of interest: One Year MCLR irrespective of loan amount.
PSB Apna Vahan
|
CATEGORY |
RATE OF INTEREST (p.a.) (All Tenures) |
|
New Four Wheeler Vehicle |
1 Year MCLR + 0.25% |
|
New Two Wheeler Vehicle |
1 Year MCLR + 5.00%. |
|
Old Four Wheeler Vehicle |
1 Year MCLR + 3.00%. |
PSB Education Loan
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.
PSB Skill Education Loan:
| Category | Rate of Interest (p.a.) |
|---|---|
| General Public | One Year MCLR + 3.00% |
PSB Excellence-Education Loan
(For students of IIMs, IITs and ISB (Hyderabad)
One Year MCLR + 1% at present. (No other concession is applicable).
PSB Personal Loans
| 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
| 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% |
PSB Sukhmoney (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 Apna Ghar Top Up
Rate of Interest would be 100 basis points over and above the ROI charged on the existing housing loan.
PSB "Grow & Pay" Apna Ghar
The Rate of Interest for loans sanctioned under this scheme would be as charged on PSB Apna Ghar.
PSB Kisan Home Loan
One Year MCLR.
PSB SB OD Scheme (For Over Draft Facility)
Rate of interest (per annum): One Year MCLR +4%
PSB Commercial Vehicle
Loan upto Rs 25 lakhs: One Year MCLR + 2.25%
Loan above Rs 25 lakhs: One Year MCLR + 2.75%
PSB Mortgage
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
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% |
