Loan and Advance Schemes

Manipur Rural Bank is financing only in Manipur to empower financial strength of our state. It is our objective to accelerate sustainable, equitable and inclusive value addition to rural economy through effective credit support, development and other initiatives. With our complete effort we have been extending our helping hand to empower the strength of rural economy. Manipur Rural Bank has the following loan and Advance schemes for our public.

 

  1. Kisan Credit Card (KCC)
  2. Overdraft to Farmers
  3. Solar Home Lighting
  4. Weaver Credit Card (WCC)
  5. Loan under Urban Self Employment Program
  6. Loan under Venture Capital Fund of NABARD/Diary/Piggery/Fishery etc
  7. Farm Mechanisation
  8. Cottage, Tiny and Small Industries
  9. Business Loan
  10. Loan to Transport Operators
  11. Housing Loan
  12. Professional and Self Employed
  13. Personal Loan & Car Loan
  14. Consumer Durable Loan
  15. Loan against IVP, KVP, LICI policy etc

Revision of rate of interest on Loans and Advances w.e.f 01.11.2016

Base Rate (BR) = 9.90%

Sl. No. Scheme type Rate of Interest
A Crop loan upto Rs.300000/- (Fixed) 7%
B Loan to NRLM & NULM upto Rs.300000/- (Fixed) 7%
C Agri-Allied (Floating)  
i. Loan limit up to Rs.50,000 BR + 1.10 i.e 11% p.a.
ii. Loan limit above Rs.50,000 to Rs. 200000 BR + 2.10 i.e 12% p.a.
iii. Loan limit above Rs. 200000 BR + 3.10 i.e 13% p.a.
D Small business & transport operators (Floating)  
i. Loan limit up to Rs.25000 BR + 2.10 i.e 12% p.a.
ii. Loan limit above Rs.25000 to Rs. 200000 BR + 3.10 i.e 13% p.a.
iii. Loan limit above Rs. 200000 BR + 3.60 i.e 13.5% p.a.
E Term loan(SME, Service Sector &other priority sector) (Floating)  
i. Loan limit up to Rs.25000 BR + 2.10 i.e 12% p.a.
ii. Loan limit above Rs.25000 to Rs. 200000 BR + 3.10 i.e 13% p.a.
iii. Loan limit above Rs. 200000 BR + 3.60 i.e 13.5% p.a.
F Overdraft/cash credit (Floating)  
i. Loan limit up to Rs.25000 BR + 2.10 i.e 12% p.a.
ii. Loan limit above Rs.25000 to Rs. 200000 BR + 3.10 i.e 13% p.a.
iii. Loan limit above Rs. 200000 BR + 3.60 i.e 13.5% p.a.
G Term loan/Cash Credit (Floating)

(Non schematic and Non priority including Medium Enterprise and retail trade more than Rs.20 lac)

 
i. Loan limit up to Rs.25000 BR + 3.10 i.e 13% p.a.
ii. Loan limit above Rs.25000 to Rs. 200000 BR + 4.10 i.e 14% p.a.
iii. Loan limit above Rs. 200000 BR + 5.10 i.e 15% p.a.
H Housing Loan Scheme (Floating)  
i. Up to 5 years BR i.e. 9.90 %
ii 5 years to 15 years BR + 0.5% i.e. 10.40% p.a.
iii. Above 15 years BR + 1% i.e. 10.90% p.a.
I Loan to SHG (Floating)  
i. Up to Rs. 50000 BR + 2.10 i.e 12% p.a.
ii. Above Rs 50000 BR + 2.60 i.e 12.5% p.a.
J  Loan to Anganwadi workers & Helpers BR + 5.10 i.e 15% p.a.
K Loan against own Term deposits of the Bank. 2% above interest on concerned deposit
L Loan against NSC,KVP ,IVP and  LICI policy BR + 4.10 i.e 14% p.a.
M Personal Loan /Consumers durable loan BR + 5.10 i.e 15% p.a.
N MRB car loan  
i. Staff BR + 1.60 i.e 11.5% p.a.
ii. Other than staff BR + 4.10 i.e 14% p.a.
O Clean Overdraft  
i. Staff BR + 2.35 i.e 12.25% p.a.
ii. Other than staff BR + 6.60 i.e 16.5% p.a.
P Loan to Landlord of Branch premises BR + 4.10 i.e 14% p.a.
Q Education loan  
I Upto Rs.400000/- BR + 2.35 i.e. 12.25% p.a.
Ii Above Rs.400000/- to Rs.750000/- BR + 3.10 i.e. 13% p.a.
Iii Above Rs.750000/- BR + 2.35 i.e. 12.25% p.a.
Iv Concession for girl student 0.50 p.a from card rate