Applicable rate of interest from 10.10.2017 Base Rate of 9.45% p.a.
The applicable rate of interest will be 9.45% p.a. (security documents will carry this rate only). However, branches should charge interest @7%p.a. upto a limit of Rs.3 lakh till the due date of the crop loan.
upto Rs.3 lakh irrespective of other limits (whenever interest subvention is available)
over Rs. 3 lakh up to 10 lakh
1.35% over Base Rate – i.e.Minimum 10.80%
Other than Crop Loan:
Aggregate limits upto Rs.3 lakh
0.95% over Base Rate – i.e.Minimum 10.40%
Aggregate limits over Rs.3 lakh and upto & inclusive of Rs.10 lakh
1.35% over Base Rate- i.e.Minimum 10.80%.
Aggregate limits over Rs.10 lakh
Aggregate limits over Rs.0.10cr but below 1cr and/or turnover 0.50cr and above but below 5cr
Aggregate limits over Rs.1cr but below 5cr and/or turnover 5cr and above but below 50cr
Limits of Rs.5 crore & above but not exceeding Rs.30 crore and/or turnover of Rs.50 crore and above but not exceeding Rs.150 crore.