|
S.No
|
Sector
|
Rate of Interest
(% per annum) w.e.f. 01.05.2009
|
|
A.
|
Interest rate structure
for loans and advances with aggregate
limits exceeding
Rs. 20.00 lacs and other than those
under Special Schemes
|
|
1.
|
Rating Grade
1 (Large Corporate Segment)
|
PLR-
1.00
|
|
Rating Grade
1 (SME Sector)
|
PLR-
1.00
|
|
Rating Grade
1 (Small Business & Trade )
|
PLR-
1.00
|
|
Rating Grade
2 (Large Corporate Segment)
|
PLR - 0.50
|
|
Rating Grade
2 (SME Sector)
|
PLR - 0.50
|
|
Rating Grade
2 (Small Business & Trade )
|
PLR - 0.50
|
|
Rating Grade
3 (Large Corporate Segment)
|
PLR
|
|
Rating Grade
3 (SME Sector)
|
PLR
|
|
Rating Grade
3 (Small Business & Trade )
|
PLR
|
|
Rating Grade
4 (Large Corporate Segment)
|
PLR + 0.50
|
|
Rating Grade
4 (SME Sector)
|
PLR + 0.50
|
|
Rating Grade
4 (Small Business & Trade )
|
PLR + 0.50
|
|
Rating Grade
5 (Large Corporate Segment)
|
PLR + 1.25
|
|
Rating Grade
5 (SME Sector)
|
PLR+ 1.25
|
|
Rating Grade
5 (Small Business & Trade )
|
PLR+ 1.25
|
|
Rating Grade
6 (Large Corporate Segment)
|
PLR + 2.00
|
| Rating Grade
6 (SME Sector)
|
PLR + 2.00
|
| Rating Grade
6 (Small Business & Trade )
|
PLR + 2.00
|
| Rating Grade
7 & above (Large Corporate Segment)
|
PLR + 2.75
|
|
|
Rating Grade
7 & above (Other Sectors)
|
PLR + 2.75
|
|
Note : Within the price
band prescribed hereinabove in
respect of credit facilities for limits
exceeding Rs.20.00 lacs ( other than
those under Special Schemes ) prescribed
hereinabove, following interest rate
structure shall apply :-
|
Sector
|
Rate
of Interest
|
|
Agriculture
& Allied activities
|
1%
below the rate prescribed
for each Rating Grade
|
|
SMEs
|
0.50%
below the rate prescribed
for each Rating Grade
|
|
| B.
|
Interest rate structure
for loans and advances with aggregate
limits up to Rs.20.00 lacs and those
under Special Schemes.
|
Rate of Interest
(% p. a.)
w. e. f. 01.05.2009
|
|
1.
|
Agriculture
/ Horticulture
|
|
|
a) Up to
Rs.0.50 lacs
|
XXX |
| b) Above
Rs.0.50 lacs & up to Rs.2.00 lacs
|
XXX
|
| c)
Up to Rs.2.00 lacs
|
PLR-2.50
|
| d) Above
Rs.2.00 lacs & up to Rs. 5.00
lacs
|
PLR-2.00
|
| e)
Above Rs.5.00 lacs & up to Rs.20.00
lacs
|
PLR-1.50
|
| 2.
|
Advances
under Apple Scheme
|
|
|
a) Up to
Rs.0.50 lacs
|
xxx |
| b)
Rs.0.50 lacs & up to Rs. 2.00 lacs
|
xxx |
| c)
Up to Rs.2.00 lacs
|
PLR- 2.00
|
| d) Above
Rs.2.00 lacs & up to Rs.5.00 lacs
|
PLR- 1.50
|
| e) Above
Rs.5.00 lacs & up to Rs.20.00
lacs
|
PLR- 0.50
|
| f)
Above Rs.20.00 lacs
|
PLR
|
| 3.
|
Advances
under Giri Scheme
|
|
|
a) Up to
Rs.2.00 lacs
|
XXX
|
| b) Above
Rs.2.00 lacs & up to Rs.20.00 lacs
|
XXX
|
| c) Up to
Rs.2.00 lacs
|
PLR- 2.00
|
| d) Above
Rs.2.00 lacs & up to Rs.5.00 lacs
|
PLR- 1.50
|
| e) Above
Rs.5.00 lacs & up to Rs.20.00
lacs
|
PLR- 0.50
|
| f) Above
Rs.20.00 lacs
|
PLR
|
| 4.
|
Advances
under Special Scheme (Mortgage Loan)
for Fruit / Commission Agents
|
|
|
a)
Up to Rs.0.50 lac
|
XXX
|
| b)
Above Rs.0.50 lac & up to Rs.2.00 lacs
|
XXX
|
| c)
Up to Rs.2.00 lacs
|
PLR-1.00
|
| d)
Above Rs.2.00 lacs & up to Rs.5.00lacs
|
PLR-0.50
|
| e)
Above Rs.5.00 lacs & up to Rs.20.00
lacs
|
PLR
|
| f)
Above Rs.20.00 lacs
|
PLR+0.50
|
| 5.
|
Agri
Term Loans
|
|
|
a) Up to
Rs.0.50 lacs
|
10.00
|
| b) Above
Rs.0.50 lacs
|
11.00
|
| 6.
|
Loans
under Zafran Scheme
|
|
|
a) Up to
Rs.2.00 lacs
|
10.25
|
| b) Above
Rs.2.00 lacs & up to Rs.10.00 lacs
|
11.25
|
| 7.
|
Trade
(Retail & Wholesale)
|
|
|
a)
Up to Rs.0.50 lacs
|
XXX
|
| b) Above
Rs.0.50 lacs & up to Rs 2.00 lacs
|
XXX
|
| c)
Up to Rs.2.00 lacs
|
PLR - 0.50
|
| d) Above
Rs. 2.00 lacs to Rs 5.00 lacs
|
PLR
|
| e) Above
Rs.5.00 lacs & up to Rs.20.00 lacs
|
PLR + 0.50
|
| 8.
|
Loans
and advances under JK Bank Fair
Price Shop Scheme
|
PLR
|
| 9.
|
Mortgage
backed facilities for Trade & Services
Sector
|
|
|
a) Up to
Rs.2.00 lacs
|
PLR
|
|
|
b) Above
Rs.2.00 lacs & up to Rs.20.00 lacs
|
PLR + 1.00
|
|
|
c) Above
Rs.20.00 lacs & up to Rs.200 lacs
|
PLR + 1.50
|
| 10.
|
Education
loans (under Budshah Primary Education
Scheme)
|
XXX
|
| 11.
|
Education
Loans ( Primary & Higher Education Schemes
)
|
|
|
a) Up to
Rs 25000/=
|
9.50
*
|
| b) Above
Rs.0.25 lacs & up to Rs.5.00 lacs
|
10.50
*
|
| c) Above
Rs.5.00 lacs & up to Rs10.00lacs
|
11.50
*
|
| d) Above
Rs.10.00lacs & up to Rs.20.00lacs
|
12.50
*
|
|
Note :
In case of Education
Loans sanctioned for tenor of more than
5 years, floating interest rate as per
the following structure would apply
:-
|
Loan
amount
|
Rate
of Interest % p. a.
|
|
a)
Up to Rs 25000/=
|
PLR
- 3.75
|
|
b)
Above Rs.0.25 lacs & up
to Rs.5.00 lacs
|
PLR
- 2.75
|
|
c)
Above Rs.5.00 lacs & up
to Rs10.00 lacs
|
PLR
- 1.75
|
|
d)
Above Rs.10.00 lacs & up
to Rs.20.00 lacs
|
PLR
- 0.25
|
|
| 12.
|
Micro
& Small Enterprises (Manufacturing)
|
|
|
a) Up to
Rs.0.50 lacs
|
XXX
|
| b) Above
Rs.0.50 lacs & upto Rs.2.00 lacs
|
XXX
|
| c) Up to Rs.2.00
lacs
|
PLR- 2.00
|
| d) Above
Rs.2.00 lacs & up to Rs.5.00 lacs
|
PLR- 1.50
|
| e) Above
Rs.5.00 lacs & uptoRs.20.00 lacs
|
PLR- 1.00
|
|
13. |
Loans
under Craft Development Scheme
|
|
|
a) Up to
Rs.0.25 lacs
|
XXX
|
| b) Above
Rs.0.25 lacs & up to Rs.0.50 lacs
|
XXX
|
| c) Up to
Rs.0.50 lacs
|
10.00
|
| d) Above
Rs.0.50 lacs & up to Rs.1.00 lacs
|
11.00
|
|
14. |
Transport
Operators (Fresh Vehicles) |
|
|
a) Up to
Rs.2.00 lacs
|
11.25
|
| b) Above
Rs.2.00 lacs & up to Rs.10.00 lacs
|
12.00
|
| c)
Above Rs.10.00 lacs
|
12.75
|
| 15.
|
Transport
Operators ( 2nd Hand Vehicles)
with
|
|
|
a) Repayment
up to 4 years
|
14.00
|
|
|
b) Repayment
exceeding 4 years.
|
14.50
|
| 16.
|
Other
Micro and Small Services Sector
|
|
|
a) Up to
Rs.0.50 lacs
|
XXX
|
| b) Above
Rs.0.50 lacs & up to Rs.2.00 lacs
|
XXX
|
| c)
Up to Rs.2.00 lacs
|
PLR- 2.00
|
| d) Above
Rs.2.00 lacs & up to Rs.5.00 lacs
|
PLR-1.50
|
| e) Above
Rs.5.00 lacs & uptoRs.20.00 lacs
|
PLR-1.00
|
| 17.
|
Passenger
Buses for Schools / Educational Institutions
with
|
|
a)
Repayment up to 7 years
|
12.25
|
| b)
Repayment exceeding 7 years.
|
12.75
|
| 18.
|
Car Loans
(Fresh Cars) with repayment
|
Rate of
Interest (% p. a.)w. e. f.
01.05.2009
|
|
Fixed
|
Floating
|
|
|
a)
Up to 3 years
|
11.00
|
XXX
|
| b)
Above 3 years and up to 5 years
|
11.50
|
PLR -1.75
|
| c)
Above 5 years
|
12.00
|
PLR -1.25
|
| 19.
|
Car Loans
(2nd hand cars) with
repayment
|
|
|
a)
Up to 4 years
|
13.25
|
| b)
Above 4 years.
|
14.00
|
| 20.
|
Two-wheeler
Loans with repayment
|
|
|
|
Fixed
|
Floating
|
|
|
a) Up to
1 year
|
XXX
|
XXX
|
| b) Above
1 year & up to 3 years
|
XXX
|
XXX
|
| c)
Up to 3 years
|
11.00
|
XXX
|
| d)
Above 3 years
|
12.00
|
PLR -1.25
|
| 21.
|
Other
Consumer Loans
|
14.00
|
| 22.
|
Loans
under Saholiat / Saral Scheme
|
|
|
Salaried
employees of Central / State Government
(including Rehbar-i-Taleem teachers),
Public Sector Undertakings (State and
Central), Autonomous Bodies and Institutions
maintaining salary accounts with the
branch AND Central / State Govt. Pensioners
maintaining salary accounts with the
branch.
|
13.25
|
|
Retired personnel of the Bank with
quarterly rests |
10.50% p.a.
|
|
Salaried Employees of Central Government,
Central Public Sector Undertakings,
Autonomous Bodies and reputed Private
Sector Undertakings not maintaining
salary accounts with the branch
|
14.25
|
|
Professionals / Self Employed Persons
& Businessmen
|
15.25
|
| 23.
|
Mortgage
loans against immovable property
|
|
|
a)
Up to Rs.2.00 lacs
|
13.00
|
|
b) Above
Rs.2.00 lacs & up to Rs.20.00 lacs
|
14.50
|
|
c)
Above Rs.20.00 lacs & up to Rs.50.00
lacs
|
15.00
|
|
24.
|
Loans
to landlords for construction of premises
for bank’s use
|
| a)
Up to Rs 2.00 lacs
|
12.50
|
| b)
Above Rs 2.00 lacs
|
XXX
|
| c) Above
Rs.2.00 lacs & up to Rs.20.00 lacs
|
13.00
|
| d) Above
Rs.20.00 lacs
|
13.50
|
| 25.
|
Loans
under J&K Bank Commercial Premises Finance
Scheme
|
| a) Up to
Rs.2.00 lacs
|
12.75
|
| b) Above
Rs.2.00 lacs & up to Rs.20.00 lacs
|
13.75
|
| c) Above
Rs.20.00 lacs & up to Rs.50.00 lacs
|
14.25
|
| 26.
|
Loans
under Roshni Scheme
|
| a) Up to
Rs.20.00 lacs for residential
purpose
|
13.00
|
| b) Above
Rs.20.00 lacs for residential
purpose
|
14.00
|
| c) Loans
for commercial purpose
|
15.00
|
| 27.
|
Other
Commercial Real Estate Sector
|
**
|
|
** With Effect
From 01.05.2009, following interest
rate structure shall be
applicable to Other Commercial Real
Estate Loans & Advances:-
|
Particulars
|
Interest rate (% p. a.)
w.e.f. 01.05.2009
|
|
Credit
limits up to Rs.20.00 lacs
|
PLR+0.50
|
|
Credit
limits ABOVE Rs.20.00 lacs
& with Risk Grade
|
|
1.
|
PLR
|
|
2.
|
PLR+0.50
|
|
3.
|
PLR+1.00
|
|
4.
|
PLR+1.75
|
|
5.
|
PLR+2.50
|
|
| 28.
|
Bills
Discounted under LCs (W.E.F. 01.09.2009)
|
| a) Bills with usance period up to
60 days.
|
7.00 %
|
| b) Bills
with usance period between 60 days and
up to 90 days.
|
7.25 % |
| c) Bills
with usance period above 90 days
to 180 days.
|
8.25 % |
| d) Bills
with usance period between 181 days
and up to to one year. |
11.00 % |
| |
| 29.
|
Loans &
Advances/Overdraft against Bank’s
Own Deposits:
a) Loan
/ advance is granted against term
deposit and the deposit stands in
the name of the borrower singly or
jointly or in the name of one of the
partners of the partnership concern
and the advance is granted to the
said concern or in the name of the
proprietor of the proprietary
concern and the advance is granted
to the said concern or in the name
of a ward whose guardian is
competent to borrow on behalf of the
ward and where the advance is made
to the guardian of the ward in such
capacity or in the name of
promoter/director of a company and
the advance is granted to the said
company.
b) Loan
/ advance is granted against Bank’s
own Deposits in the name of third
parties
|
1% over the deposit
rate.
2% over and above
the deposit rate.
|
| 30
|
Loans
against Govt. Securities / NSCs / KVPs
/ LIC Policies
|
PLR
|
| 31.
|
Loans
to individuals against Shares
/ Debentures
|
PLR+2.00
|
| 32.
|
Loans
under Differential Rate of Interest
Scheme (DRI)
|
4.00
|
| 33.
|
Clean
Overdrafts / TOD
|
16.75
|
| 34.
|
Ad hoc
facilities (over & above the sanctioned
Limit)
|
Up to a period
of 90 days, 2% above the rate applicable
on regular facility.
Above 90 days, 3% above the rate applicable on regular facility.
|
| 35.
|
Loans
to Staff Members
|
As per rates
prescribed under various Schemes from
time to time.
|
| 36. |
Housing Loans
|
|
|
|
Repayment
Period of loans
|
Floating
Rate of Interest(% p. a.) for
loans
|
Fixed Rate
of Interest(% p. a.) for loans
|
|
Up to Rs.20.00
lacs
|
Above Rs.20.00
lacs
|
Up to Rs.20.00
lacs
|
Above Rs.20.00
lacs
|
|
Repayment
up to 5 years.
|
PLR-3.25
|
PLR-2.50
|
10.25
|
11.00
|
|
Above 5
years & up to 10 years
|
PLR-2.75
|
PLR-2.00
|
11.00
|
11.75
|
|
Above 10
years & up to 15 years
|
PLR-2.00
|
PLR-1.25
|
XXX
|
XXX
|
|
Above 15
years & up to 20 years
|
PLR-1.25
|
PLR-0.50
|
XXX
|
XXX
|
|
| 37. |
Passenger
Bus/mini-bus Finance. ( For Doda,
Bhaderwah & Kishtwar)
|
|
|
|
Amount
|
Rate
of Interest
|
|
Upto Rs 2 Lacs |
9.50% |
|
Above Rs 2 lacs & upto
Rs 10 lacs
|
10.50% |
|
Above Rs 10 lacs. |
11.50% |
|
|
|
Interest to be charged monthly on
daily outstanding balances. Penal
Interest @ 2% p.a. over and above
the contract rate where the
installment is overdue beyond 2
months. The penal interest will be
charged on the overdue amount for
the overdue period. |
| 38. |
Old Passenger
Buses/mini-buses Finance.
( For Doda, Bhaderwah & Kishtwar
only)
|
|
|
11.00%
Interest to be charged monthly on
daily outstanding balances. Penal
Interest @ 2% p.a. over and above
the contract rate where the
installment is overdue beyond 2
months. The penal interest will be
charged on the overdue amount for
the overdue period.
|
| 39. |
Help Tourism (For Kashmir valley
only) |
|
|
PLR
|
| 40. |
Fruit
Advances Scheme (Apple) |
|
|
|
Loan Amount
|
Interest rate
|
|
Upto Rs.0.50 lacs |
PLR-2% |
|
Above Rs.0.50 lacs & upto Rs. 2.00
lacs |
PLR-1% |
|
Above Rs.2.00 lacs & upto Rs. 5.00
lacs |
PLR-0.50% |
|
Above Rs.5.00 lacs & upto Rs. 20.00
lacs |
PLR |
|
| 41. |
Dastkar
Finance |
|
|
10% Fixed *The rate of interest
shall be applied with quarterly
rests. |
| 42. |
Khatamband Craftsmen
Finance |
|
|
- Upto Rs 50,000: PLR-1 %, i.e.12%
- Above Rs 50,000 to Rs 1,00,000:
PLR-0.50%, i.e. 12.50%
Interest Applied shall, however, be on
a fixed basis and shall be applied with
monthly rests. |
| 43. |
Laptop/PC Finance |
|
|
11.50% p.a fixed rate of interest
with quarterly rests
|
| 44. |
Establishment
of Mini Sheep Farms in Private
Sector |
|
|
PLR-2.50% i.e.10.25% p.a. at present
with half yearly rests.
The interest component shall be
serviced half yearly on actual basis
from the subsidy component of Rs.60,
000/- to be released upfront by the
Directorate of Sheep Husbandry
Kashmir against each unit
immediately after sanctioning of
loan facility in favour of the
identified beneficiary. It shall be
ensured that no interest is charged
in the loan a/c on the subsidy
component parked against each unit
with the Bank and correspondingly no
interest shall be paid on the
subsidy component held by the bank.
Note):-
Subsidy shall be available in
regular accounts only. No interest
subsidy shall be paid in irregular /
overdue loan accounts.
|
| 45. |
Contractor Finance |
|
|
Upto Rs. 2.00 Lacs PLR-1%
Rs.2.00 Lacs to Rs.20.00 Lacs PLR
Above Rs.20.00 Lacs
Risk Grade
Rate of interest
SBS1
PLR – 1%
SBS2
PLR – 0.50%
SBS3
PLR
SBS4
PLR + 1%
SBS5
PLR + 2.50% |
| 46. |
Tax Products &
Planning (Tax Saver Term Deposit
Scheme) |
|
|
- 8.25% p.a. (Regular)
- 8.50% (Senior citizens)
|
| 47. |
Term Loan For B.Ed/
M.Ed. Courses |
|
|
- PLR with quarterly rests.
|
| 48. |
Budshah Primary
Education Finance |
|
|
- PLR with quarterly rests.
|
| 49. |
Commercial Vehicle
Finance |
|
|
| Rate of Interest |
|
Repayment upto 3 years |
Repayment 3 to 6 years |
| Under priority sector |
Micro (Service) Enterprises
|
PLR-1.50% |
PLR-1% |
| PLR –1.50% |
PLR-1% |
| Small (Service) Enterprises |
PLR-1% |
PLR-0.50% |
| Above Rs 10.00 lacs |
PLR |
PLR+1.25% |
| |
Note:-Interest to be charged monthly on daily outstanding balances. Penal Interest @ 2% p.a. over and above the contract rate where the installment is overdue beyond 2 months. The penal interest will be charged on the overdue amount for the overdue period. No interest repayment will be allowed for pre-payment before three years for loan of original tenure of three to six years. |
|
| 50. |
Commercial Vehicle
Finance (Used Vehicles) |
|
|
| a) Repayment upto 4 years |
PLR + 1.5 |
| b) Repayment exceeding 4
years. |
PLR + 2.0 |
|
| 51. |
Travel & Tourist
Taxi Operators |
|
|
- Interest shall be charged at PLR.
|
| 52. |
JK Bank Commercial
Floriculture Finance |
|
|
- 10%
- The interest shall be on fixed basis and
shall be compounded annually.
- Interest application shall be on yearly
basis. However, the interest application for
first year shall be on 31st March irrespective
of the date of opening of the account.
Subsequent applications shall be on yearly basis
on 31st march.
|
|
|
|
|
|
|
|
|
