Other Important Details - Poultry Power

Poultry Power - Lending Rates

Axis Bank provides loan under Poultry Power for fulfilling the financial requirements of the farmers who are in the business of Poultry farming. It provides credit for:

Financing working capital (Overdraft) and term loan requirements of the poultry units

Reimbursement of cost of construction of unencumbered poultry shed and other fixed assets

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.

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Poultry Power - Lending Rates

Accepts varied profiles

Easy assessment

Agri collateral accepted

Lending Rates

For Loans on REPO Rate

For Loans on Base Rate/MCLR/ Fixed rate

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