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-November-2018

1 All type of consumer loans 13.00%
2 Own NSC,RBI Bond and other Deposits 11.00%
3 CASH CREDIT AND OTHER LIMITS (BP/LC etc.)  
3.1 Up to 25000/- 12.00%
3.2 25000 to 2 Lac 12.75%
3.3 Above 2 Lac but < 10 Lac 12.75%
3.4 Above 10 Lac but as per HO rating  
3.4.1 Catagory - AA 11.75%
3.4.2 Catagory - A 12.00%
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 12.00%
3.5.2 Catagory - A 12.50%
3.5.3 Catagory - B 13.00%
3.5.4 Catagory - C 13.00%
4 TERM LOAN (Plant & Machinery / Factory etc.)  
4.1 Up to 2 Lac 12.50%
4.2 Above 2 Lac but < 10 Lac 12.50%
4.3 Above 10 Lac 12.25%
5 VEHICLE LOAN  
5.1 Personal/Car,Scooter loan of firm 10.50%
5.2 Personal/Firm Car (Professional) 11.00%
5.3 Business-Taxi,Truck,Jeep,Auto ricksha etc.  
5.3.1 Up to Rs. 2 Lac 11.50%
5.3.2 Above Rs.2 Lac 11.50%
5.4 For existing Good/Known Borrower (New Vehicle)   9.25% / Taxi 9.75%
5.5 For existing Good/Known Borrower (Used/Second Hand Vehicle)   9.50% / Taxi 10.00%
6 HOUSE LOAN  
6.1 5 Years (60 instalments)  9.00%
6.2 Above 5 Yrs upto 10 Years  9.25%
6.3 Above 10 Years  9.50%
7 MORTGAGE LOAN 12.75%
8 MORTGAGE OD Limit  
8.1 Overdraft (Reducing) 12.75%
8.2 Overdraft (Non reducing) 13.00%
9. TERM LOAN FOR CONSTRUCTION PURPOSE  
9.1 Term Loan 14.75%
9.2 Overdraft (Reducing half yearly) 14.75%
9.3 Overdraft (Non reducing) 15.00%
10. COMMERCIAL / SHOP LOAN 12.50%
11. EDUCATION LOAN  
11.1 Up to 5 Lac 10.50%
11.2 Above Rs. 5 Lac to Rs. 10 Lac 11.00%
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% Excess
15.2 Own Term Deposit > Rs. 15 LAc 1.25% Excess
15.3 Third Party deposits 2.25% Excess
  Excess CC Limit/Adhoc Limit/Penal Interest 2% above
  Term Loan Overdue 2% above


 

Terms & Conditions
1. Overdraft will be sanction only if principal amount of deposit slips under mortgage 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 interest 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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