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INTEREST RATE ::

 
Revision in Rate of Interest on Loans and Advances w.e.f. 1st August 2018
 
No. TYPES OF ADVANCES Revised ROI (% P.A.)
1 PERSONAL LOANS (Consumer/Surety Loans)
a. up to Rs. 2.00 Lakhs 14.50
b. Above Rs.2.00 lakhs up to Rs.5.00 Lakhs 15.50
c. Personal loan repayment through ECS or Salary deduction (Under Sec.49 of M.C.S. Act) 12.50
(In case of Salary Deduction letter giving confirmation of salary deduction to be obtained from company)
d. Consumer Durables 13.50
2 GOLD LOANS (Including Bullet payment) / OVERDRAFTS 10.00
3a LOAN/OD AGAINST TERM DEPOSIT RECEIPTS (Our Bank's Fixed Deposit)

Individual 0.50% more
Trust/Company/Firm/Society 0.50% more

3b LOAN/OD AGAINST THIRD PARTY TERM DEPOSIT RECEIPTS (Our Bank's Fixed Deposit only) Advances against third party FDR: 1.00% over deposit rate
4 LOAN/OD AGAINST GOVT. SECURITIES 12.50
5 BUSINESS LOAN & ADVANCES  
a
(INDUSTRIAL LOAN) for Industries & Manufacturing Unit
Up to Rs. 10.00 lakh
Above Rs. 10.00 lakh & Up to Rs. 100.00 lakh
Above Rs. 100.00 lakh
Term Loan CC/OD
   
12.00 12.50
12.25 12.50
12.00 12.00
5b
BUSINESS LOAN & ADVANCES
for Trading & Service Industry
Up to Rs. 10.00 lakh
Above Rs. 10.00 lakh
Term Loan CC/OD
   
12.00 12.25
12.50 12.50
6 MORTGAGE LOAN (IPL Scheme) Repayment period Upto 5 Years - 11.50
Repayment period Above 5 years to 7 Years - 11.00
Repayment Period Above 7 years to 10 years - 12.00
7 HOUSING LOAN - (HOME SWEET HOME)

Up to Rs. 25.00 lakh - 8.75
Above Rs. 25.00 lakh - 9.00

8 HOUSE REPAIRS (Max. loan upto Rs.2.00 Lakhs) 14.00
9
EDUCATION LOAN (VIDYA)
up Rs.9.00 Lakh
Above Rs.9.50 Lakh
 
9.50
10.00
10 VEHICLE LOANS  
a. Two Wheeler for Personal Use 11.00
b. Four Wheeler for Personal Use

Up to 3 years - 8.75 15% margin on road cost of vehicle
Above 3 years & up to 5 years - 9.00

c. Second hand (used) Vehicle (Repayment Period up to 3 years) 13.00
d. VEHICLE LOANS - (For Commercial Use) 3 Wheeler/ 4 Wheeler 11.00
e. Second hand (used) Commercial Vehicle (Up to 3 years old repayment tenure Max. 3years) 13.50
     
11 LOANS TO PROFESSIONALS (ADVOCATE, ARCHITECT, CHARTERED ACCOUNTANT etc. 11.00
12 LOANS TO DOCTORS (DOCTOR HELLO), HOSPITALS, CLINICS. 11.50
13 BUSINESS LOANS TO PHARMA DISTRIBUTORS (Term Loan, Cash Credit / Overdraft Limit) For Existing Clients - 10.00
For New Clients - 10.50
14 Agricultural Loans

10.50

15 BUILDERS & DEVELOPERS / CRE Loans 14.00
16 SUHANA SAFAR LOAN SCHEME 10.00
17 FOR HOTEL / RESORTS 13.00
18 LEASE RENT DISCOUNTING (LRD) 13.00
19 BUSINESS EXPANSION LOAN 13.00


 
 
 
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