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INTEREST RATE ::

 
Revision in Rate of Interest on Loans and Advances w.e.f. 15/12/2020
 
No. TYPES OF ADVANCES Revised ROI (% P.A.)
1 PERSONAL LOANS (Consumer/Surety Loans)
a. up to Rs. 2.00 Lakhs 14.00
b. Above Rs.2.00 lakhs up to Rs.5.00 Lakhs 14.50
c. Personal Loan Repayment Through ECS/salary account with our Bank/ Salary Deduction (Under Sec.49 Of M.C.S. Act) 12.00
(In Case Of company having more than 100 Employees) (In Case Of Salary Deduction Letter Giving Confirmation Of Salary Deduction To Be Obtained From Company)
d. Consumer Durables (New purchase) 12.50
2 GOLD LOANS (Including Bullet payment) / OVERDRAFTS 8.50
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 11.50
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
New Term Loan CC/OD
   
10.25 10.75
10.25 10.75
10.00 10.50
5b
BUSINESS LOAN & ADVANCES
for Trading & Service Industry
Up to Rs. 10.00 lakh
Above Rs. 10.00 lakh
Term Loan CC/OD
   
10.25 10.75
10.50 10.75
6 MORTGAGE LOAN (LAP) Repayment period Upto 5 Years – 9.50
Repayment period Above 5 years to 7 years - 10.00
Repayment Period Above 7 years to 10 years -10.50
7 HOUSING LOAN - (HOME SWEET HOME)

Upto Rs.35.00 Lakh – 8.25
Above Rs. 35.00 Lakh – 8.50

8 HOUSE REPAIRS (Max. loan upto Rs.3.00 Lakhs) 11.50
9
EDUCATION LOAN (VIDYA)
up Rs.20.00 Lakh
Above Rs.20.00 Lakh
 
8.50
9.50
10 VEHICLE LOANS  
a. Two Wheeler for Personal Use 9.50
b. Four Wheeler for Personal Use

Repayment Upto Three years - 8.25
Repayment Above Three years & upto 7 years – 8.75
10% margin on Road cost

c. Two Wheeler Electronic Vehicle 9.50 (Margin NIL)
(Repayment 36 months Only)
d. Four Wheeler Electronic Vehicle (Permanent Resident Only)

Repayment Upto Three years - 8.25
Repayment Above Three years & upto 5 years – 8.75
Margin NIL

e. Second hand (used) Vehicle (Repayment Period up to 3 years) 12.00
d. VEHICLE LOANS - (For Commercial Use) 3 Wheeler/ 4 Wheeler 10.50
e. Second hand (used) Commercial Vehicle (Up to 3 years old repayment tenure Max. 3years) 12.50
     
11 LOANS TO PROFESSIONALS
(ARCHITECT, CHARTERED ACCOUNTANT etc.)
 
a Upto Rs.25.00 Lakh 9.50
b Above Rs.25.00 Lakh 9.75
12 LOANS TO DOCTORS (DOCTOR HELLO), HOSPITALS, CLINICS. 9.50
13 BUSINESS LOANS TO PHARMA DISTRIBUTORS (Term Loan, Cash Credit / Overdraft Limit) 10.00
14 Agricultural Loans

9.00

15 BUILDERS & DEVELOPERS / CRE NEW LOANS /OD (Existing OD only) 13.00
16 SUHANA SAFAR LOAN SCHEME 9.00
17 FOR HOTEL / RESORTS 12.00
18 LEASE RENT DISCOUNTING (LRD) Rent Received from Corporates – 10.00
Rent Received from Others – 11.00
19 BUSINESS EXPANSION LOAN (No Concession)
For Existing Customer as well as New Customer in case of Takeover
10.00


 
 
 
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