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Rate of Interest for Agriculture Loans

Rate of Interest for Agriculture Loans

Sl.No

Agriculture Loan Limit

Applicable Rate of Interest

A

Agriculture Loans up to Rs.3.00 lacs

MCLR+1.40%

B

Agriculture Loans above Rs.3.00 lacs up to Rs.1.00 Crore

MCLR+2.30%

C

Agriculture Loans above Rs.1.00 Crore up to Rs.2.00 Crore

MCLR + 2.30% to MCLR + 3.50%

Lower

MCLR + 2.30%

Middle

MCLR + 2.55%

Higher

MCLR + 2.80%

Highest

MCLR + 3.50%

D

Agriculture Loans above Rs.2.00 Crore (Rated Internally under RAM Model)

Internal rating

LR

MCLR + 2.40%

NR

MCLR + 2.75%

MR

MCLR + 3.05%

HR

MCLR + 3.75%

E

Agriculture Loans above Rs.5.00 Crore (where external rating undertaken)

External rating

AAA or Equivalent

MCLR + 1.40%

AA or Equivalent

MCLR + 1.50%

A or Equivalent

MCLR + 1.85%

BBB

MCLR + 2.80%

BB

MCLR + 3.35%

B

MCLR + 3.50%

C&D

MCLR + 4.50%

F

Gold Loans for Non-Crop Purpose

1. Gold Loans and GLOD for Agricultural Purposes

MCLR + 0.45%

2. Gold Loans and GLOD above Rs.2.00 lacs up to Rs.5.00 lacs

MCLR + 2.45%

Gold Loans for crop production purpose upto Rs 3.00 lacs is eligible for Interest Subvention. RoI of 9% to be during subvention period. Beyond the period of interest subvention, applicable card rate as applicable to agricultural loans is to be charged.

G

Rate of Interest for SHG Loans

Upto Rs.3 lacs

MCLR + 1.30%

Above Rs.3 lacs

Score

Rate of Interest

SHG with more than 125 points

151 to170: MCLR + 1.55%

125 to150: MCLR + 2.05%

SHG with 100-124 points

100 to 124 : MCLR + 2.80%

H

Estate Purchase Loan (Term Loan Only)

Particulars

ROI

Estate Purchase Loan

MCLR+6.55

For loans repayable more than 1 year upto 5 years and more than 5 years, the liquidity premium to be loaded to the card rates additionally as given below:-

  • Repayable> 1 year upto 5 years – 0.40%
  • Repayable> 5 years – 0.85%

For running limits, viz., OD/OCC/KCC, One year MCLR will be applicable irrespective of the tenability/extension/short renewal permitted.