News & Events

Interest Rate Policy

The Interest Rate charged to prospective borrowers is based on a minimum lending rate approved by the Board of Directors and the same is reviewed regularly or as and when required. This minimum lending rate is worked out taking into account relevant factors such as cost of funds, margin and risk premium etc. Besides, PFS has put in place a comprehensive model called Internal Credit Rating Score Card which grades prospective borrowers under various brackets based on their rating score in a scientific manner and accordingly the rate of interest is decided.

Presently the interest band is 12%-18% p.a. Interest Rate is subject to change and borrowers will be duly notified.