Interest Rates Advances

interest

 


New Interest Rates for Loans/Advances w.e.f. 1 December, 2017

 

S.No Type Of Loan/ Advance Interest rates

 


BR (Base Rate)
8.60%

1. Housing Loan (Based on Monthly Cumulative)


a.) Residential & On Floating Interest Rates
Upto Rs. 25Lacs Above Rs. 25 Lacs & Less than Rs. 70 Lacs.

1. Above 15 upto 20 Years
8.75% (BR +0.15)) 8.80 %(BR+0.20)
2. Above 10 upto 15 Years
8.75% (BR +0.15)) 8.80 %(BR+0.20)
3. Above 5 upto 10 Years 8.75% (BR +0.15)) 8.80 %(BR+0.20)
4. Upto 5 Years 8.75% (BR +0.15)) 8.80 %(BR+0.20)









b.) REAL ESTATE (On Floating Interest Rates)

4%+fixed deposit interest of senior citizen

 


2.
CC Limit (Cash Credit)
(Upto Rs. -50 lac) 11.00% (BR+2.40)
Above Rs. 50 Lac & Upto Rs. 200 Lac
10.50% (BR+1.90)
200 Lac & Above
10.25% (BR+1.65)
For Liquor Trade 14.25% (BR+5.65)
3. Transport Loan
Upto Rs. 5,00,000/- 9.75% (BR+1.15)
Above Rs.5,00,000/- 9.75% (BR+1.15)
For Old Vehicle 15.25% (BR+6.65)
Car Loan (Personel) 9.90% (BR +1.30) (9.00% TO 9.90% based on CIBIL score)


4. Term Loan
a.) For Cottage/SIU/Small entrepreneurs/Professional & Self Employed/ Wholesale and Retailers
11.00% (BR+2.40)
b.) For Stone Crushers  & Educational Institute
9.95% (BR+1.35)
c.) For Liquor Trade 14.25% (BR+5.65)
5. Agriculture and related activities
Tractor loan for other than Tractor
9.50%(BR+0.90)
Loan for Seed Plant.

9.50% (BR+0.90)%


Atta Chaki / Mill, Rice Mill 9.75% (BR+1.15)%
6. Loan for Education 12.50%(BR+3.90)
7.

Mortgage Loan/OD

Festival Loan

13.25% (BR+4.65)
8. TOD / OD / Cheque Discounting etc. 15.50% (BR+6.90)
9. Loan for consumption 14.00% (BR+5.40)
10. OD/ Loan on demand against FDRs, if these are on the name of debtor himself or third party.
1.00% more than IR payable on security
11. Loan/ OD against NSC, IVP, KVP / Government bonds, LIC SV including of third party. 12.50% (BR+3.90)
12. Interest rate on loans other than for above activities 13.75% (BR+5.15)

Prepayment charges @ 2% on the outstanding liabilty in case of the take over of the loan by the other bank / financial institution.

(For detail Terms & Conditions, Please contact nearest Branch Manager)