Home Loan
Interest Rates for Loans and Advances

Interest Rates for Loans and Advances

S.No. Details for Loan & Advance

Interest Rates (in %)

w.e.f.   1st-March-2022
1 All type of consumer loans 12.50%
2 Own NSC,RBI Bond and other Deposits 10.50%
3 CASH CREDIT AND OTHER LIMITS (BP/LC etc.)  
3.1 Up to 25000/- 11.50%
3.2 25000 to 2 Lac 12.50%
3.3 Above 2 Lac but < 10 Lac 12.50%
3.4 Above 10 Lac but as per HO rating  
3.4.1 Catagory - AA 11.50%
3.4.2 Catagory - A 11.75%
3.4.3 Catagory - B 12.50%
3.4.4 Catagory - C 12.75%
3.5 CC LIMIT ABOVE RS. 25 LAC  
3.5.1 Catagory - AA 11.50%
3.5.2 Catagory - A 12.00%
3.5.3 Catagory - B 12.25%
3.5.4 Catagory - C 12.75%
4 TERM LOAN (Plant & Machinery / Factory etc.)  
4.1 Up to 2 Lac 12.25%
4.2 Above 2 Lac but < 10 Lac 12.25%
4.3 Above 10 Lac 12.00%
5 VEHICLE LOAN  
5.1 Personal/Car,Scooter loan of firm 9.50%
5.2 Personal/Firm Car (Professional) 9.50%
5.3 Business-Taxi,Truck,Jeep,Auto ricksha etc.  
5.3.1 Up to Rs. 5 Lac 10.00%
5.3.2 Above Rs.5 Lac 10.00%
5.4 For existing Good/Known Borrower (New Vehicle)   9.00% / Taxi 9.50%
5.5 For existing Good/Known Borrower (Used/Second Hand Vehicle)   9.50%
6 HOUSE LOAN  
6.1 5 Years (60 instalments) 8.80%
6.2 Above 5 Yrs upto 10 Years  9.00%
6.3 Above 10 Years  9.25%
7 MORTGAGE LOAN 12.75%
8  OD Limit  
8.1 Overdraft (Reducing Half yearly) 12.50%
8.2 Overdraft (Non reducing renewal every year) 12.75%
9. TERM LOAN FOR CONSTRUCTION PURPOSE  
9.1 Term Loan 14.00%
9.2 Overdraft (Reducing half yearly) 14.75%
9.3 Overdraft (Non reducing) 15.00%
10. COMMERCIAL / SHOP LOAN 11.00% to 12.00%
 11. EDUCATION LOAN  
11.1 Up to 5 Lac 10.00%
11.2 Above Rs. 5 Lac to Rs. 10 Lac 10.50%
12. GOLD LOAN 12.50%
13. PERSONAL LOAN 12.00%  / 14.00%
14. BUSINESS LOAN 12.50%
15. LOAN AGAINST TERM DEPOSIT OF THE BANK  
15.1 Own Term Deposit up to Rs. 15 Lac 1.50% above
15.2 Own Term Deposit > Rs. 15 LAc 1.25% above
15.3 Third Party deposits 2.25% above
  Excess CC Limit/Adhoc Limit/Penal Interest 2% above
  Term Loan Overdue 2% above


 

Terms & Conditions

1. Overdraft  against fixed deposite will be sanction only if principal value of FDR/UDR  is Rs. 50,000 or more.

2. Interest Rate on CC limits excess to Rs. 10 Lac will be as per borrower ratings.

3. In case of pre-payment of loan/limits, the Pre- Prepayment charges as per prevalent norms of the Bank will be chargable.

4. Violating terms & conditions will attract 2% extra/penal interest.

5. For delayed payment of loan installments Follow-up and Recovery charges will be apply on Term Loan as per rules.

6. Adhoc limit shall continue to carry additional interest rate of 2% for the period it is sanctioned.

 

 

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