Interest Rate Dated: 20.07.2024
| Loan/Advance Interest rate wef 10.08.2023 (Based on BR) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rate of Interest on Loan & Advances w.e.f. 10.08.2023 | |||||||||||
| S.No | Loan & Advance Type | BR | 7.42% | ||||||||
| Housing Loan - Residential (Floating Interest Rate upto 140.00 Lacs) | CIBIL -1 and 700 or above | 8.75% (BR + 1.05) | |||||||||
| CIBIL score below 700 | 9.30% (BR + 1.60) | ||||||||||
| Real Estate Loans (Floating ) | 4% more than the maximum interest rates applicable on Fixed Deposit of Senior Citizens. | ||||||||||
| Mortgage Loan/ LAP Loan (Floating) | 12.30% (BR + 4.60) | ||||||||||
| Mortgage OD/ LAP OD (Floating) | 11.80% (BR + 4.10) | ||||||||||
| For Liquor Trade (CC & TLN) | 14.05% (BR + 6.35) | ||||||||||
| Two wheelersVehicle loan | 10.55% (BR + 2.85) | ||||||||||
| Transport (Vehicle) loan (for commercial Vehicle) | 10.30% (BR + 2.60) | ||||||||||
| For Old Commercial Vehicle Loans | 11.55% (BR + 3.85) | ||||||||||
| Car Loan (for personal use) floating | 9.85% (BR +2.15 ) | ||||||||||
| Interest Rate on Car Loan disbursed dated 15-05-2017 | |||||||||||
| Cibil Score upto -1 & 770 or above | (w.e.f. 15.05.2017) | 8.85% (BR + 1.15) | |||||||||
| Cibil Score less than 770 | (w.e.f. 15-05-2017) | 9.05% (BR + 1.35) | |||||||||
| Interest Rate for Old Personal Vehicle Loans | 10.80% (BR + 3.10) | ||||||||||
| For Stone Crushers (TLN) Floating | 11.15% (BR + 3.45) | ||||||||||
| For Stone Crushers (CC) Floating | 10.50% (BR + 2.80) | ||||||||||
| WCTL/Term Loan For Small industries, Professional & Self Employed/ Wholesale and Retailers (Floating) | |||||||||||
| Less than Rs.50 Lac | 11.05% (BR + 3.35) | ||||||||||
| Rs.50 Lac to Less than Rs. 200 Lac | 10.80% (BR + 3.10) | ||||||||||
| Rs.200 Lac and Above | 10.55% (BR + 2.85) | ||||||||||
| CC Limit (Cash Credit) | |||||||||||
| CC Book Debts(Contractors/Aarhti/Transporter) (Floating) | 11.05% (BR + 3.35) | ||||||||||
| Less than Rs.50 Lac | 10.55% (BR + 2.85) | ||||||||||
| Rs.50 Lac to Less than Rs. 200 Lac | 10.55% (BR + 2.85) | ||||||||||
| Rs.200 Lac and Above | 10.30% (BR + 2.60) | ||||||||||
| For Doctors/Hospitals & Nursing Home (TLN/CC) floating | Up to Rs. 100 Lac | 9.80% (BR + 2.10) | |||||||||
| For Doctors/Hospitals & Nursing Home (TLN/CC) floating | Above Rs. 100 Lac | 9.30% (BR + 1.60) | |||||||||
| OD Business for Doctors (Floating) | 9.30% (BR + 1.60) | ||||||||||
| For Educational societies/ institutions (Floating) | Less than Rs.100 Lac | 10.45% (BR + 2.75) | |||||||||
| For Educational societies/ institutions (Floating) | Rs.100 Lac and Above | 9.95% (BR + 2.25) | |||||||||
| OD Business for Educational institutions (Floating) | 10.45% (BR + 2.75) | ||||||||||
| Loan for Agriculture/Tractor (Floating) | 9.75% (BR + 2.05) | ||||||||||
| Term Loan for Flour mills/rice mills/Oil mills/ Seed Plant (Floating) | 9.20% (BR + 1.50) | ||||||||||
| CC Limit for Flour mills/rice mills/Oil mills / Seed Plant (Floating) | 8.90% (BR + 1.20) | ||||||||||
| Education Loan | 10.80% (BR + 3.10) | ||||||||||
| TOD / OD / Cheque Discounting etc. | 2% above from the limit sanctioned Rate & In allied agricultural advances ROI will be 1% above from the limit sanctioned Rate. | ||||||||||
| OD Business | 11.70%(BR + 4.00) | ||||||||||
| Loan for consumption / Personal loan (Floating) | 13.45% (BR + 5.75) | ||||||||||
| Gold Loan (Fixed Rate) | 10.70% (BR + 3.00) | ||||||||||
| Demand Loan Business | In allied agricultural loans ROI will be 1% above from the allied agriculture term loan product. | 11.45%(BR + 3.75) | |||||||||
| Festival Loan/ Bank Mitra Scheme (Fixed Rate) | 11.00% (BR + 3.30) | ||||||||||
| OD/ Loan on demand against FDRs, if these are on the name of borrower himself or third party. (Floating) | 1.00% more than IR payable on security | ||||||||||
| Loan/ OD against NSC, IVP, KVP / Government bonds, LIC SV including of third party. (Floating) | Above Rs. 10.00 lac | 9.50% (BR + 1.80) | |||||||||
| Up to Rs. 10.00 lac | 11.00% (BR + 3.30) | ||||||||||
| Interest rate on loans other than for above activities (Floating) | 12.80% (BR + 5.10) | ||||||||||
| C.C. Renewal Charges | |||||||||||
| Upto Rs.1 Lac | Rs. 1000/- | ||||||||||
| Above Rs.1 Lac upto Rs.3 Lac | Rs.1500/- | ||||||||||
| Above Rs.3 Lac upto Rs.5 Lac | Rs. 2000/- | ||||||||||
| Above Rs.5 Lac upto Rs.10 Lac | Rs. 3000/- | ||||||||||
| Above Rs.10 Lac | Rs.3,500/-Or 0.1% whichever be more. Maximum Rs.10,500/- | ||||||||||
| Processing fees | Maximum Rs. 3.00 Lakhs (Not applicable for Loans/Advances for Liquor Trade) | ||||||||||
| for housing loan | Minimum Rs.1,000/- or 0.5% of sanctioned amount, whichever is more. | ||||||||||
| for house renovation/repairing | Minimum Rs.1,000/- or 0.5% of sanctioned amount, whichever is more. | ||||||||||
| for Car Loan | Minimum Rs.500/- or 0.5% of sanctioned amount, whichever is more. | ||||||||||
| for Two wheeler Car Loan | Minimum Rs.500/- or 1% of sanctioned amount, whichever is more. | ||||||||||
| for Commercial Vehicle | Minimum Rs.500/- or 0.5% of sanctioned amount, whichever is more. | ||||||||||
| for Personal Loan | Minimum Rs.500/- or 1% of sanctioned amount, whichever is more. | ||||||||||
| for Consumption Loan | Minimum Rs.500/- or 1% of sanctioned amount, whichever is more. | ||||||||||
| For Education Loan | |||||||||||
| 1- Education within India | Minimum Rs.500/- or 0.5% of sanctioned amount, whichever is more. | ||||||||||
| 2- Education outside India | Minimum Rs.500/- or 1% of sanctioned amount, whichever is more. | ||||||||||
| for Mortgage Loan | Minimum Rs.500/- or 1% of sanctioned amount, whichever is more. | ||||||||||
| Bank Mitra Yojna | Minimum Rs.500/- or 0.5% of sanctioned amount, whichever is more. | ||||||||||
| Real Estate (Future Rent Receivables) | Minimum Rs.500/- or 1% of sanctioned amount, whichever is more. | ||||||||||
| On Temporary Overdraft | Rs. 1000/- | ||||||||||
| On Bank Guarantee | 2% (for liquor business 3%) | ||||||||||
| If Bank Guarantee is fully secured with tangible (liquid) securities | 0.75% | ||||||||||
| for Others | Minimum Rs.500/- or 0.50% of sanctioned amount, whichever is more. | ||||||||||
|
Note :- In M.S.M.E. Loan/Advance accounts where Udyam Certificate is obtained, interest relaxation of 0.75% will be provided from 01/10/2022. |
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Note:- Interest rates on loans other than agriculture will be on yearly basis and will be compounded monthly. |
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| Loan/Advance Interest rate wef 10.08.2023 (Based on BR) | |||
|---|---|---|---|
| Rate of Interest on Loan & Advances w.e.f. 10.08.2023 | |||
| S.No | Loan & Advance Type | BR | 0.078 |
| Housing Loan - Residential (Floating Interest Rate upto 140.00 Lacs) | CIBIL -1 and 700 or above | 8.85% (BR + 1.05) | |
| CIBIL score below 700 | 9.40% (BR + 1.60) | ||
| Real Estate Loans (Floating) | 4% more than the maximum interest rates applicable on Fixed Deposit of Senior Citizens. | ||
| Mortgage Loan/ LAP Loan (Floating) | 12.40% (BR + 4.60) | ||
| Mortgage OD/ LAP OD (Floating) | 11.90% (BR + 4.10) | ||
| For Liquor Trade (CC & TLN) | 14.15% (BR + 6.35) | ||
| Two wheelers Vehicle loan | 10.65% (BR + 2.85) | ||
| Transport (Vehicle) loan (for commercial Vehicle) | 10.40% (BR + 2.60) | ||
| For Old Commercial Vehicle Loans | 11.65% (BR + 3.85) | ||
| Car Loan (for personal use) floating | 9.95% (BR +2.15) | ||
| Interest Rate on Car Loan disbursed dated 15-05-2017 | |||
| Cibil Score upto -1 & 770 or above | (w.e.f. 15.05.2017) | 8.95% (BR + 1.15) | |
| Cibil Score less than 770 | (w.e.f. 15-05-2017) | 9.15% (BR + 1.35) | |
| Interest Rate for Old Personal Vehicle Loans | 10.90% (BR + 3.10) | ||
| For Stone Crushers (TLN) Floating | 11.25% (BR + 3.45) | ||
| For Stone Crushers (CC) Floating | 10.60% (BR + 2.80) | ||
| WCTL/Term Loan For Small industries, Professional & Self Employed/ Wholesale and Retailers (Floating) | |||
| Less than Rs.50 Lac | 11.15% (BR + 3.35) | ||
| Rs.50 Lac to Less than Rs. 200 Lac | 10.75% (BR + 2.95) | ||
| Rs.200 Lac and Above | 10.50% (BR + 2.70) | ||
| CC Limit (Cash Credit) | |||
| CC Book Debts(Contractors/Aarhti/Transporter) (Floating) | 11.15% (BR + 3.35) | ||
| Less than Rs.50 Lac | 10.65% (BR + 2.85) | ||
| Rs.50 Lac to Less than Rs. 200 Lac | 10.50% (BR + 2.70) | ||
| Rs.200 Lac and Above | 10.25% (BR + 2.45) | ||
| For Doctors/Hospitals & Nursing Home (TLN/CC) floating | Up to Rs. 100 Lac | 9.90% (BR + 2.10) | |
| For Doctors/Hospitals & Nursing Home (TLN/CC) floating | Above Rs. 100 Lac | 9.40% (BR + 1.60) | |
| OD Business for Doctors (Floating) | 9.40% (BR + 1.60) | ||
| For Educational societies/ institutions (Floating) | Less than Rs.100 Lac | 10.55% (BR + 2.75) | |
| For Educational societies/ institutions (Floating) | Rs.100 Lac and Above | 10.05% (BR + 2.25) | |
| OD Business for Educational institutions (Floating) | 10.55% (BR + 2.75) | ||
| Loan for Agriculture/Tractor (Floating) | 9.85% (BR + 2.05) | ||
| Kisan Gold Card- Term Loan & Working Capital Limit | 9.85% (BR + 2.05) | ||
| Term Loan for Flour mills/rice mills/Oil mills/ Seed Plant (Floating) | 9.15% (BR + 1.35) | ||
| CC Limit for Flour mills/rice mills/Oil mills / Seed Plant (Floating) | 8.85% (BR + 1.05) | ||
| Education Loan | 10.90% (BR + 3.10) | ||
| TOD / OD / Cheque Discounting etc. | 2% above from the limit sanctioned Rate & In allied agricultural advances ROI will be 1% above from the limit sanctioned Rate. | ||
| OD Business | 11.80%(BR + 4.00) | ||
| Loan for consumption / Personal loan (Floating) | 13.55% (BR + 5.75) | ||
| Gold Loan (Fixed Rate) | 10.80% (BR + 3.00) | ||
| Demand Loan Business | In allied agricultural loans ROI will be 1% above from the allied agriculture term loan product. | 11.55%(BR + 3.75) | |
| Festival Loan/ Bank Mitra Scheme (Fixed Rate) | 11.00% (BR + 3.30) | ||
| OD/ Loan on demand against FDRs, if these are on the name of borrower himself or third party. (Floating) | 1.00% more than IR payable on security | ||
| Loan/ OD against NSC, IVP, KVP / Government bonds, LIC SV including of third party. (Floating) | Above Rs. 10.00 lac | 9.50% (BR + 1.80) | |
| Up to Rs. 10.00 lac | 11.00% (BR + 3.30) | ||
| Interest rate on loans other than for above activities (Floating) | 12.90% (BR + 5.10) | ||
| C.C. Renewal Charges | |||
| Upto Rs.1 Lac | Rs. 1000/- | ||
| Above Rs.1 Lac upto Rs.3 Lac | Rs.1500/- | ||
| Above Rs.3 Lac upto Rs.5 Lac | Rs. 2000/- | ||
| Above Rs.5 Lac upto Rs.10 Lac | Rs. 3000/- | ||
| Above Rs.10 Lac | Rs.3,500/-Or 0.1% whichever be more. Maximum Rs.10,500/- | ||
| Processing fees | Maximum Rs. 3.00 Lakhs (Not applicable for Loans/Advances for Liquor Trade) | ||
| for housing loan | Minimum Rs.1,000/- or 0.5% of sanctioned amount, whichever is more. | ||
| for house renovation/repairing | Minimum Rs.1,000/- or 0.5% of sanctioned amount, whichever is more. | ||
| for Car Loan | Minimum Rs.500/- or 0.5% of sanctioned amount, whichever is more. | ||
| for Two wheeler Car Loan | Minimum Rs.500/- or 1% of sanctioned amount, whichever is more. | ||
| for Commercial Vehicle | Minimum Rs.500/- or 0.5% of sanctioned amount, whichever is more. | ||
| for Personal Loan | Minimum Rs.500/- or 1% of sanctioned amount, whichever is more. | ||
| for Consumption Loan | Minimum Rs.500/- or 1% of sanctioned amount, whichever is more. | ||
| For Education Loan | |||
| 1- Education within India | Minimum Rs.500/- or 0.5% of sanctioned amount, whichever is more. | ||
| 2- Education outside India | Minimum Rs.500/- or 1% of sanctioned amount, whichever is more. | ||
| for Mortgage Loan | Minimum Rs.500/- or 1% of sanctioned amount, whichever is more. | ||
| Bank Mitra Yojna | Minimum Rs.500/- or 0.5% of sanctioned amount, whichever is more. | ||
| Real Estate (Future Rent Receivables) | Minimum Rs.500/- or 1% of sanctioned amount, whichever is more. | ||
| On Temporary Overdraft | Rs. 1000/- | ||
| On Bank Guarantee | 2% (for liquor business 3%) | ||
| If Bank Guarantee is fully secured with tangible (liquid) securities | 0.0075 | ||
| for Others | Minimum Rs.500/- or 0.50% of sanctioned amount, whichever is more. | ||
| Note: In M.S.M.E. Loan/Advance accounts where Udyam Certificate is obtained, interest relaxation of 0.75% will be provided from 01/10/2022. | |||
| Note: Interest rates on loans other than agriculture will be on yearly basis and will be compounded monthly. | |||