Loan Interest Rates // Paschim Banga Gramin Bank // A Government of India Enterprise // West Bengal, India

Loan Interest Rates

Revision of Rate of Interest on Loans & Advances with effect from 01^st day of April 2024

1. Agricultural Advances

Sl No	Type of Loan	PBGB Existing		PBGB(Proposed)
		Base Rate		Base Rate
		Base Rate	10.05	Base Rate	10.25
		Spread	Effective Rate	Spread	Effective Rate
1)	Interest Rate Structure for Agriculture Advances (Secured) :
	(a) Total Funded Exposure upto Rs. 25 lakhs	1.70	11.75	1.70	11.95
	(b) Total Funded Exposure more than Rs. 25 lakhs	2.00	12.05	2.00	12.25
	(C ) Crop loans upto Rs. 3 lakh where interest subvention availaible		7.00		7.00
	(where govt.int.subvention is not available interest rate for agriculture as above shall be applicable)		7.00		7.00
	(e) Total funded exposer more than 1 crore	As per credit rating as under		As per credit rating as under
	internal credit rating	As per credit rating as under		As per credit rating as under
	PBGB 1	1.90	11.95	1.90	12.15
	PBGB 2	2.00	12.05	2.00	12.25
	PBGB 3	2.00	12.05	2.00	12.25
	PBGB 4	2.20	12.25	2.20	12.45
	Below PBGB 4	2.70	12.75	2.70	12.95
	Note:
	(1) The above interest rate upto 1.00 crore is irrespective of tenor of the loan
	(2) Production finance loans upto Rs. 3.00 lakhs for agricultural purpose shall be covered by the interest subvention scheme.
	(3) No Internal Rating is required upto Rs. 1.00 crore for Agriculture Advances
	Financing of Cold storage /Warehouse /Rice Mill
	Internal Rating	As per credit rating as under		As per credit rating as under
	(1) PBGB 1	1.90	11.95	1.90	12.15
	(2)PBGB 2	2.00	12.05	2.00	12.25
	(3) PBGB 3	2.00	12.05	2.00	12.25
	(4) PBGB 4	2.60	12.65	2.60	12.85
	(5) Below PBGB 4	3.15	13.20	3.15	13.40
	(6) Loans for on lending to Farmers /traders & Rentiers against cold storage receipts(half yearly)interest.		7.00		7.00
	(7) Loans up to Rs.3.00 Lac to farmers against cold storage/warehouse receipts(half yearly interest) where interest subvention is available.	1.20	11.25	1.20	11.45
	(8)Loans above Rs. 3.00 Lac up to Rs. 10.00 Lac to farmers against cold storage/warehouse receipts (half yearly interest).	1.20	11.25	1.20	11.45

2. Advance to Micro, Small & Medium Enterprise (MSME)

Type of Loan	PBGB Existing		PBGB (Proposed)
	Base Rate		Base Rate
	Base Rate	9.80	Base Rate	10.05
	Spread	Effective Rate	Spread	Effective Rate
(a) Total Funded Exposure up to Rs. 25 lakhs	1.70	11.75	1.70	11.95
(b) Total Funded Exposure more than Rs. 25 lakhs upto Rs. 1.00 crore	2.00	12.05	2.00	12.25
( C ) Total Funded Exposure more than 1.00 crore	As per credit rating as under		As per credit rating as under
Internal Credit Rating
PBGB 1 A++	1.90	11.95	1.90	12.15
PBGB 2 A+	2.00	12.05	2.00	12.25
PBGB 3 A	2.00	12.05	2.00	12.25
PBGB 4 B+	2.20	12.25	2.20	12.45
Below PBGB 4	2.70	12.75	2.70	12.95
No internal rating is required up to Rs. 25.00 Lac

3. Advance to Self Helf Group

Type of Loan	PBGB Existing		PBGB (Proposed)
	Base Rate		Base Rate
	Base Rate	9.80	Base Rate	10.05
	Spread	Effective Rate	Spread	Effective Rate
(i) Upto Rs.3.00 Lac	CCSRL		7.00%
(ii) Above Rs.3.00 Lacs and up to Rs. 5.00 Lacs	CCSRL		10.00%
(iii) Above Rs. 5.00 Lacs	CCSRL		13.00%
(iv) Up to Rs. 3.00 Lacs	SHG Other than CCSRL and CCNRL		12.50%
(iv) Above Rs. 3.00 Lacs	SHG Other than CCSRL and CCNRL		13.00%

4. Advances under General Credit Card

Same as MSME

5. PBGB Commercial Vehicle Finance Scheme

Type of Loan	PBGB Existing		PBGB (Proposed)
	Base Rate		Base Rate
	Base Rate	9.80	Base Rate	10.05
	Spread	Effective Rate	Spread	Effective Rate
(i) Total Fund Exposure upto 10 lakh	0.80	10.85	0.80	11.05
(ii) Total Fund Exposure more that Rs.10 lakhs upto 1 crore	1.80	11.85	1.80	12.05

6. Education Loans

Type of Loan	PBGB Existing		PBGB (Proposed)
	Base Rate		Base Rate
	Base Rate	9.80	Base Rate	10.05
	Spread	Effective Rate	Spread	Effective Rate
(a ) Upto Rs. 7.50 lac	1.70	11.75	1.70	11.95
(b ) More than Rs. 7.50 lac	2.00	12.05	2.00	12.25

7. Housing Loan Scheme (Swapna Nir )

Type of Loan	PBGB Existing		PBGB (Proposed)
	Base Rate		Base Rate
	Base Rate	9.80	Base Rate	10.05
	Spread	Effective Rate	Spread	Effective Rate
Repayment upto 30 years	Applicable for New Housing Loans		Applicable for New Housing Loans
Note: Concession of 0.10% from prescribed ROI for new borrowers to Govt. employee/Semi Govt. employee/PSU employee/School Teachers (Govt. School/Govt. Aided school) who are drawing salary from PBGB from the rate mentioned below.
a)Total fund exposure upto 30 lakhs		8.25		8.70 ( w.e.f 15.02.23 )
b)Total fund exposure more than 30 lakhs upto 75 lakhs		8.35		8.80 ( w.e.f 15.02.23 )
c)Total fund exposure above 75 lakhs		8.35		8.80 ( w.e.f 15.02.23 )

8. Mid Market & Other Scheme

Sl No	Type of Loan	PBGB Existing		PBGB (Proposed)
		Base Rate		Base Rate
		Base Rate	9.80	Base Rate	10.05
		Spread	Effective Rate	Spread	Effective Rate
	(a) PBGB Cash	3.40	13.45	3.40	13.65
	(b) Safar Sathi (Car Loan ) limit:
	(i) New Car repayable within 7 years	0.10	10.15	0.10	10.35
	(ii) Pre used Car repayble within 3 years	3.20	13.25	3.20	13.45
	(c) Two Wheeler Loan
	(i) if the Account fully secured by Liquid Security	0.10	10.15	0.10	10.35
	(ii)For existing Salary, A/c holders drawing salary from our bank	2.00	12.05	2.00	12.25
	(d)Nari shakti	3.10	12.90	3.10	13.15
	(e) Utsav Ananda	3.30	13.35	3.30	13.55
9.	Commercial Real Estate (Total Fund Exposure)/Real Estate
	(a) Up to Rs. 25 lakhs	3.30	13.35	3.30	13.55
	( b ) more than Rs. 25 lakhs	As per credit rating as under		As per credit rating as under
	(i)A++ PBGB 1	2.30	12.35	2.30	12.55
	(ii)A+ PBGB 2	2.55	12.60	2.55	12.80
	(iii)A PBGB 3	2.80	12.85	2.80	13.05
	(iv)B+	3.30	13.35	3.30	13.55
	(v)Below B+	3.80	13.85	3.80	14.05
10	Loan Against Term Deposit
	( a ) Own Term Deposit	2.00% above Deposit ROI		2.00% above Deposit ROI
	( b ) Third Party FDR upto and inclusive Rs 2 Lakh	3.00% above Deposit ROI		3.00% above Deposit ROI
	( c ) Third Party FDR above Rs. 2 lakh upto Rs. 1 Crore	3.00% above Deposit ROI		3.00% above Deposit ROI
	( d ) Staff Deposit	As per deposit ROI		As per deposit ROI
	( e ) Loan Amt 1 Crore and above	1% above Deposit Rate		1% above Deposit Rate
11	Loan to Land Lord of Branch / Office Premises	2.80	12.85	2.80	13.05

12	PBGB Rent
	(a) To owner of our Bank's Branch Premises or where tenant is PSUs, Reputed corporate, FI, insurance companies and MNCS	3.50	13.55	3.50	13.75
	(b) For others-repayment upto 36 Months	3.60	13.65	3.60	13.85
	(c) For others-repayment above 36 Months	3.60	13.65	3.60	13.85
13	Dak-mita (Against NSC/KVP)
	(a) Public	1.00	11.05	1.00	11.25
14	Loan against LIC
	(a) Public	0.50	10.55	0.50	10.75
15	Mortgage Loan
	(a) Term Loan	2.30	12.35	2.30	12.55
	(b) Overdraft	2.30	12.35	2.30	12.55

16	PBGB Trade
	(a) Total fund exposure upto Rs.1 crore	1.60	11.65	1.60	11.85
	(b) Total fund exposure more than 1 crore upto Rs.5 crore	As per credit rating as under		As per credit rating as under
	Internal Credit Rating	As per credit rating as under		As per credit rating as under
	PBGB 1 A++	1.60	11.65	1.60	11.85
	PBGB 2 A+	1.80	11.85	1.80	12.05
	PBGB 3 A	1.80	11.85	1.80	12.05
	PBGB 4 B+	2.10	12.15	2.10	12.35
	Below B	2.30	12.35	2.30	12.55
17	Mid Market & Other Scheme
	PBGB Schopper	3.30	13.35	3.30	13.55
	e_ricksaw	3.40	13.45	3.40	13.65

9. Loans to FPOs/FPCs

SI No	Type of Loan	Spread	Effective Rate	Spread	Effective Rate
	(a) Total Funded Exposure up to Rs. 25 lakhs	0.50	10.55	0.50	10.75
	(b) Total Funded Exposure more than Rs. 25 lakhs upto Rs. 1.00 crore	1.00	11.05	1.00	11.25
	( C ) Total Funded Exposure more than 1.00 crore	As per credit rating as under		As per credit rating as under


	PBGB 1	1.10	11.15	1.10	11.35
	PBGB 2	1.20	11.25	1.20	11.45
	PBGB 3	1.30	11.35	1.30	11.55
	PBGB 4	1.40	11.45	1.40	11.65
	Below PBGB 4	1.50	11.55	1.50	11.75
19	GST Mitra
	(a) Total funded exposure up to Rs. 25 Lacs	1.00	11.05	1.00	11.25
	(b) Total funded exposure more than Rs. 25 Lacs & up to Rs. 1.00 Crore	1.25	11.30	1.25	11.50
20	Gold Loan
	When Margin is 25%	1.00	10.80	1.00	11.05
	When Margin is 35% or above	0.00	9.80	0.00	10.05
21	PBGB Doctor
	(a) Total Funded to Rs.25 lakhs	1.75	11.75	1.70	11.95
	(b) Total Funded exposure More Than Rs.25 lakh and up to Rs. 1 crore	2.00	12.05	2.00	12.25
	( C ) Total Funded Exposure more than 1.00 crore	As per credit rating as under		As per credit rating as under
	PBGB 1 A++	1.90	11.95	1.90	12.15
	PBGB 2 A+	2.00	12.05	2.00	12.25
	PBGB 3 A	2.00	12.05	2.00	12.25
	PBGB 4 B+	2.20	12.25	2.20	12.45
	Below B	2.70	12.75	2.70	12.95
22	PBGB Contractor
	(a) Total Funded exposure up to Rs.25 lakhs	1.00	11.05	1.00	11.25
	( C ) Total Funded exposure more than Rs. 25 lakhs	As per credit rating as under		As per credit rating as under
	PBGB l & 2	0.75	10.80	0.75	11.00
	PBGB 3	1.00	11.05	1.00	11.25
	PBGB 4	1.50	11.55	1.50	11.75
23	PM-FME
	(a) Total Funded exposure up to Rs.25 lakhs	1.70	11.75	1.70	11.95
	( b ) Total Funded exposure More than Rs. 25 lakhs Up to 1 crore	2.00	12.05	2.00	12.25
	( c ) Total Funded exposure more than Rs.1 crore	As per credit rating as under		As per credit rating as under
	PBGB l	1.90	11.95	1.90	12.15
	PBGB 2	2.00	12.05	2.00	12.25
	PBGB 3	2.10	12.15	2.10	12.35
	PBGB 4	2.20	12.25	2.20	12.45

About Us

Loan Interest Rates

Revision of Rate of Interest on Loans & Advances with effect from 01^st day of April 2024

1. Agricultural Advances

2. Advance to Micro, Small & Medium Enterprise (MSME)

3. Advance to Self Helf Group

4. Advances under General Credit Card

5. PBGB Commercial Vehicle Finance Scheme

6. Education Loans

7. Housing Loan Scheme (Swapna Nir )

8. Mid Market & Other Scheme

9. Loans to FPOs/FPCs

About PBGB

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About Us

Loan Interest Rates

Revision of Rate of Interest on Loans & Advances with effect from 01st day of April 2024

About PBGB

Important Info

Quick Links

Important Links

Head Office

Revision of Rate of Interest on Loans & Advances with effect from 01^st day of April 2024