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31st January 2018, 04:29 PM
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Join Date: Aug 2012
Re: SBI KCC Interest Rate

State Bank of India (SBI) offers the Kisan Credit Card (KCC) scheme to farmers to provide them with the required credit for crop production, emergency expenses, allied agricultural activities, etc.

As per the instructions issued by Govt. of India in 2013-2014, crop loans upto Rs. 3 lakhs must be given at the rate of 7% per annum and there must be 3% interest subvention to prompt repaying farmers, thus the efffective interest rate will be kept at 4% per annum.

Interest Rates:

Base Rate of State Bank of India = 9.30%
SBAR = 14.05%

A) Borrowers with total credit limits below Rs. 25 lakhs

Working Capital/ Loans
Loan Amount Interest Rates
For up to Rs.3 lakhs Base Rate +2.00% = 11.30%
Rs.3 lakhs to up to Rs. 5 lakhs Base Rate + 3.00% = 12.30%
Rs.5 lakhs to below Rs.25 lakhs Base Rate + 4.00% = 13.30%

If the Government of India provides a 2% subsidy to SBI, the short term crop loans taken for an amount up to Rs. 3 lakhs will be charged a fixed interest rate of 7%.

Term Loans/ Investment Loans:
Loan Amount Tenure between 3 years and 5 years Tenure above 5 years
For up to Rs.3 lakhs 11.80% 12.05
Rs.3 lakhs to up to Rs. 5 lakhs 12.80% 13.05
Rs.5 lakhs to below Rs.25 lakhs 13.80% 14.05

B) Borrowers with total credit limits between Rs. 25 lakhs and up to Rs. 100 crores

Working Capital/ Loans
Rating Tenures up to 3 years Term Loans
Tenure between 3 years and 5 years Tenure above 5 years
SB 1 / SB 2 11.55% 12.05% 12.30%
SB3 - SB 5 12.05% 12.55% 12.80%
SB6 / SB7 12.30% 12.80% 13.05%
SB8 / SB 9 12.80% 13.30% 13.55%
SB 10 13.30% 13.80% 14.05%
SB 11 - SB15 15.80% 16.30% 16.55%

C) Interest Rates on Cash Credit/ Crop Loans / Production Loans / Term Loans:
Amount Cash Credit and Demand Loans Term Loan and Demand Loan
To be repaid on demand Tenures from one to three years

Tenures from three to five years


Tenures of five years or above

Credit limit up to Rs.50,000 11.40 % 12.30% 12.80% 13.05%
Credit limit above Rs.50,000 to up to Rs.2 lakhs 12.30% 13.30% 13.80% 14.05%
Credit limit above Rs.2 lakhs to up to Rs.3 lakhs 13.05% 14.05% 14.55% 14.80%
Credit limit above Rs.3 lakhs to up to Rs.5 lakhs 14.05%
Credit limit above Rs.5 lakhs to up to Rs.25 lakhs 15.05% 15.05% 15.55% 15.80%
Credit Limit above Rs.25 lakhs as per the Credit Risk Assessment 13.80% - 16.05 % 13.80% - 16.05 % 14.30 % - 16.55% 14.55 % - 16.80%


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