Poultry Power

Lending Rates

For Loans on REPO Rate 

• Rate of interest will be linked to Prevailing Repo Rate. Ceiling Rate will be 17.99% per annum. PF 1.50% plus applicable taxes.  
• Customer Rate/Pricing (ROI) shall be Repo Rate + Spread. 
• Repo Rate Reset Frequency – Once in 3 Months or as may be decided by Bank, whichever is earlier.  
• The Bank will publish the Repo Rate periodically. 
• The Bank is free to decide the spread over the Repo Rate. The Repo Rate for a particular account will remain the same till reset/renewal date. 
• All fresh/enhancement loan booked and renewal of existing loan on or after 1st August 2022 will be linked to Repo Rate. 
• Existing MCLR/Fixed Rate customers will continue at existing benchmark till renewal. 

For Loans on Base Rate/MCLR/ Fixed rate 

• Existing Loan on Base Rate/ MCLR/ Fixed rate will continue to be at existing benchmark till renewal. 

• For fair practices code followed by the bank please click here
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