Interest Rate Dated: 10.08.2023
| 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 | 8.45% (BR + 1.03) | |||||||||
| CIBIL score below 700 | 9.00% (BR + 1.56) | ||||||||||
| Real Estate Loans (Floating ) | 4% more than the maximum interest rates applicable on Fixed Deposit of Senior Citizens. | ||||||||||
| Mortgage Loan/ LAP Loan (Floating) | 11.50% (BR + 4.08) | ||||||||||
| Mortgage OD/ LAP OD (Floating) | 11.50% (BR + 4.08) | ||||||||||
| For Liquor Trade (CC & TLN) | 13.75% (BR + 6.33) | ||||||||||
| Two wheelersVehicle loan | 10.25% (BR + 2.83) | ||||||||||
| Transport (Vehicle) loan (for commercial Vehicle) | 9.75% (BR + 2.33) | ||||||||||
| For Old Commercial Vehicle Loan the Interest Rate will be 11.00% (BR + 3.58) | |||||||||||
| Car Loan (for personal use) floating | 9.55% (BR +2.13 | ||||||||||
| Interest Rate on Car Loan disbursed dated 15-05-2017 | |||||||||||
| Cibil Score upto -1 & 770 or above | (w.e.f. 15.05.2017) | 8.55% (BR + 1.13) | |||||||||
| Cibil Score less than 770 | (w.e.f. 15-05-2017) | 8.75% (BR + 1.33) | |||||||||
| For Old Personal Vehicle Loan the Interest Rate will be 10.50% (BR + 3.08) | |||||||||||
| For Stone Crushers (TLN) Floating | 10.60% (BR + 3.18) | ||||||||||
| For Stone Crushers (CC) Floating | 9.95% (BR + 2.53) | ||||||||||
| WCTL/Term Loan For Small industries Professional & Self Employed/ Wholesale and Retailers (Floating) | |||||||||||
| Less than Rs.50 Lac | 10.50% (BR + 3.08) | ||||||||||
| Rs.50 Lac to Less than Rs. 200 Lac | 10.25% (BR + 2.83) | ||||||||||
| Rs.200 Lac and Above | 10.00% (BR + 2.58) | ||||||||||
| CC Limit (Cash Credit) | |||||||||||
| CC Book Debts(Contractors/Aarhti/Transporter) (Floating) | 10.50% (BR + 3.08) | ||||||||||
| Less than Rs.50 Lac | 10.00% (BR + 2.58) | ||||||||||
| Rs.50 Lac to Less than Rs. 200 Lac | 10.00% (BR + 2.58) | ||||||||||
| Rs.200 Lac and Above | 9.75% (BR + 2.33) | ||||||||||
| For Doctors/Hospitals & Nursing Home (TLN/CC) floating | Up to Rs. 100 Lac | 9.50% (BR + 2.08) | |||||||||
| For Doctors/Hospitals & Nursing Home (TLN/CC) floating | Above Rs. 100 Lac | 9.00% (BR + 1.58) | |||||||||
| OD Business for Doctors (Floating) | 9.00% (BR + 1.58) | ||||||||||
| For Educational societies/ institutions (Floating) | Less than Rs.100 Lac | 10.15% (BR + 2.73) | |||||||||
| For Educational societies/ institutions (Floating) | Rs.100 Lac and Above | 9.65% (BR + 2.23) | |||||||||
| OD Business for Educational institutions (Floating) | 10.15% (BR + 2.73) | ||||||||||
| Loan for Agriculture/Tractor (Floating) | 9.45% (BR + 2.03) | ||||||||||
| Term Loan for Flour mills/rice mills/Oil mills/ Seed Plant (Floating) | 8.90% (BR + 1.48) | ||||||||||
| CC Limit for Flour mills/rice mills/Oil mills / Seed Plant (Floating) | 8.60% (BR + 1.18) | ||||||||||
| Education Loan | 10.50% (BR + 3.08) | ||||||||||
| SMALL BUSINESS TERM LOAN | 10.75% | ||||||||||
| Term Loan SME | 10.75% | ||||||||||
| STONE CRUSHER TERM LOAN | 10.85% | ||||||||||
| NEW COMMERCIAL VEHICLE LOAN | 10.00% | ||||||||||
| OLD COMMERCIAL VEHICLE LOAN | 11.25% | ||||||||||
| LOAN AGAINST STOCK ADN FU | 10.75% | ||||||||||
| WORKING CAPITAL TERM LOAN | 10.75% | ||||||||||
| 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 | 11.15%(BR + 3.73) | ||||||||||
| Over Draft Business | 11.40% | ||||||||||
| Cash Credit-Stone Crusher | 10.20% | ||||||||||
| Cash Credit-Stone Crusher M L | 10.20% | ||||||||||
| CASH CREDIT HYPOTHECATION | 10.25% | ||||||||||
| Cash Credit-Book Debts | 10.75% | ||||||||||
| Cash Credit-Hypoth ML | 10.25% | ||||||||||
| CASH CREDIT BOOK DEBTS M.L | 10.75% | ||||||||||
| Loan for consumption / Personal loan (Floating) | 13.15% (BR + 5.73) | ||||||||||
| Gold Loan (Fixed Rate) | 10.50% (BR + 3.08) | ||||||||||
| Demand Loan Business | In allied agricultural loans ROI will be 1% above from the allied agriculture term loan product. | 11.15%(BR + 3.73) | |||||||||
| Festival Loan (Fixed Rate) | 10.50% (BR + 3.08) | ||||||||||
| 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 + 2.08) | |||||||||
| Less than Rs. 10.00 lac | 11.00% (BR + 3.58) | ||||||||||
| Interest rate on loans other than for above activities (Floating) | 12.50% (BR + 5.08) | ||||||||||
| Cash Credit Renewal Fee | |||||||||||
| Upto Rs.1 Lac | Rs. 800/- | ||||||||||
| Above Rs.1 Lac upto Rs.3 Lac | Rs.1000/- | ||||||||||
| Above Rs.3 Lac upto Rs.5 Lac | Rs. 1500/- | ||||||||||
| Above Rs.5 Lac upto Rs.10 Lac | Rs. 2000/- | ||||||||||
| Above Rs.10 Lac | Rs.2,500/-Or 0.1% whichever be more. Maximum Rs.7,500/- | ||||||||||
| On OD | Rs. 1000/- | ||||||||||
| On Bank Guarantee | 2% (for liquor business 3%) | ||||||||||
| If Bank Guarantee is fully secured with tangible (liquid) securities. | 0.75% | ||||||||||
| 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 | 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. | ||||||||||
| Real Estate (Future Rent Receivables) | Minimum Rs.500/- or 1% of sanctioned amount, whichever is more. | ||||||||||
| 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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