Utkal Grameen Bank
Sponsored by State Bank of India

 

PURPOSE

Size of Limit

Rate of Interest effective from 06.12.2013 (PLR: 13.50%)

(A)

 

AGRICULTURAL (WORKING CAPITAL – KCC)

i)i) Kharif Crop loans 2012 i.e. disbursed during 01.04.12 to 30.09.12 will continue to be charged with interest @ 7% p.a. up to a limit of Rs.3.00 lakhs upto 31.03.2013.  
ii) Rabi crop loans 2012-2013 i.e. disbursed during 01.10.12 to 31.03.2013 will continue to be charged with interest @ 7% p.a. up to a limit of Rs.3.00 lakhs upto 30.06.2013.  
Following rate of interest will be applicable to KCC loans other than those coming under (i) and (ii) above  
   
    Upto Rs.50,000/- 1% below PLR-12.50%
    Above Rs.50,000/- & upto Rs.2.00 lacs 0.50% below PLR-13.00%
    Above Rs.2.00 lacs & upto Rs.5.00 lacs At PLR-13.50%
    Above Rs.5.00 lacs 0.50% above PLR-14.00%
 

 

 
AGRICULTURAL (TERM LOAN)

 

 

 

Upto Rs.50,000/- 1% below PLR-12.50%
Above Rs.50,000/- & upto Rs.2.00 lacs At PLR-13.50%
Above Rs.2.00 lacs & upto Rs.5.00 lacs 0.25% above PLR-13.75%
Above Rs.5.00 lacs & upto Rs.25.00 lacs 0.50% above PLR-14.00%
Above Rs.25.00 lacs 1% above PLR-14.50%
(B) FOR SERVICES INDUSTRIES & BUSINESS SEGMENT    
 

 

 
CASH CREDIT

 

 
Upto Rs.2.00 lacs At PLR-13.50%
Above Rs.2.00 lacs & upto Rs.5.00 lacs 0.25% above PLR-13.75%
Above Rs.5.00 lacs & upto Rs.25.00 lacs 0.50% above PLR-14.00%
Above Rs.25.00 lacs 1% above PLR-14.50%
 

 

 

 

TERM LOAN

 

 

 

Upto Rs.2.00 lacs At PLR-13.50%
Above Rs.2.00 lacs & upto Rs.5.00 lacs 0.50% above PLR-14.00%
Above Rs.5.00 lacs & upto Rs.25.00 lacs 0.75% above PLR-14.25%
Above Rs.25.00 lacs 1% above PLR-14.50%
  TERM LOAN  Rice Mill 11.5%
(C) HOUSING LOAN For amount upto Rs.20.00 lacs 9.75%

 

 
ii)Under UGB Palliawas

 

 
with repayment period upto 5 years 2.50 % below PLR-12.00%
With repayment period over 5 years & upto 10 years 2.00 % below PLR-11.50%
With repayment period over 10 years & upto 15 years 1.50% below PLR-12.00%
(D)

 

SHG(DIRECT)

 

Upto Rs.50,000/- 1.50% below PLR-12.00%
Over Rs.50,000/- 1.00% below PLR-12.50%
  SHG(INDIRECT LOANS TO NGOS) Upto Rs.50,000/- 1.50% below PLR-12.00%
Over Rs.50,000/- AT PLR-13.50%
(E)

GOVERNMENT SPONSORED SCHEME

As applicable to individual borrowers depending upon the purpose / sector / amount of loan. @ As applicable to individual borrowers depending upon the purpose / sector / amount of loan

SIZE OF LOAN LIMIT

PURPOSE OF LOAN

 
Irrespective of the size of loan ( Provided the per capita investment of the Swarojgari is within Rs. 50,000.00 Agricultural Term Loan 12.50%
Non-Agricultural Term Loan 13.50%
(F) EDUCATIONAL LOAN Upto Rs.4.00 lacs 0.25% below PLR-13.25%
Above Rs.4.00 lacs 1.00% above PLR-14.50%
(G) GOLD LOAN For Agrl. Purpose As applicable to Agrl. Loans
Consumption Gold loan At PLR-13.50%
(H) DEMAND LOAN AGAINST KVP / IVP / NSC / SURRENDER VALUE OF LIC Irrespective of the size of limit 0.25% above PLR-13.75%
  CLEAN OVER DRAFT Irrespective of the size of limit 4 % above PLR-17.50%
(I) LOAN AGAINST BANK’S OWN TERM DEPOSIT / RECURRING DEPOSIT BALANCES Irrespective of the size of limit 1% above the T.D. interest
(J) MORTGAGE LOAN Irrespective of the size of limit 0.50%above PLR- 14.00%
(K) FOR PERSONAL LOAN TO PUBLIC FOR THEIR PERSONAL NEEDS    
(i) Where check-off facility is available Upto and inclusive of Rs.2.00 lacs 1.00% above PLR-14.50%
Above Rs.2.00 lacs & upto Rs.5.00 lacs 1.50% above PLR-15.00%
(ii) Where check-off facility is not available Upto and inclusive of Rs.2.00 lacs 3.50% above PLR-17.00%
Above Rs.2.00 lacs & upto Rs.5.00 lacs 3.75% above PLR-17.25%
(iii) Personal loan Scheme to flood affected employees For existing loans in identified branches of erstwhile BAGB 2.25% below PLR-11.25%
(L) Car Loans to public Irrespective of the size of limit 1% below PLR-12.50%
(M) 2 wheeler loans to public Irrespective of the size of limit At PLR-13.50%
(N) Personal loan scheme to flood affected employees Irrespective of any amount 2.25% below PLR-11.25%
(P) SRTO Loan Up to Rs.5.00 lakhs At PLR-13.50%
    More than Rs.5.00 lakhs & up to Rs.10.00 lakhs 0.25% above PLR-13.75%
    Above Rs.10.00 lakhs 0.50 % above PLR-14.00%
(Q) Tractor Loan (AGL purpose) Up to Rs.5.00 lakhs At PLR-13.50%
    More than Rs.5.00 lakhs & up to Rs.10.00 lakhs 0.25% above PLR-13.75%
    Above Rs.10.00 lakhs 0.50% above PLR-14.00%

@ While charging interest in case of SGSY (Group) loans, the rate of interest applicable for the size of loan of individual Swarojgari should be applicable on the group
loan instead of on the size of the total loan sanctioned to the group.

N.B. : PLR as on 17.08.2011 = 14.50%