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Rate of Interest in Loans and Advances w.e.f 27-11-2017

 

 
Type Interest Rate
(1) Property Loan  
(A) New Property Purchase or to Build (NAVNIDHI GRUH DHIRAN YOJNA)
(PERIOD 180 Monthly Installments) (80% of cost of project)
UP TO 10 Lakh
Above 10 Lakh


10.00%
10.50%
(B) Against Old Property (up to 70% of Valuation)
Overdraft  (up to 1 Crore)
                   (above 1 Crore)
13.00%
12.25%
Loan (60 Installments Monthly)
                  (up to 1 Crore)
Loan (66 Installments Monthly)
                  (above 1 Crore)

12.00%

11.50%
(2) Machinery Hypothecation
Loan(With TUF Scheme)
                 (up to 1 Crore)
                 (above 1 Crore)


10.75%
10.50%

(3) Advances Against Machinery /
Stock Etc, Cash Credit / Overdraft

                 (up to 1 Crore)
                 (above 1 Crore)


11.50%
10.75%
(4) Personal Surety Loan (Monthly 50 Installments)
A) Personal Surety Loan (up to 20,000/- ) 14.00%
B) Personal Surety Loan with Undertaking (up to 75,000/-) 12.00%
(5) Article Loan (up to 50,000/-)
(Monthly 50 Installments, 75% of Total Price)
13.00%
(6) Vehicle Loan (Monthly  Installments)
Domestic - Car Loan
(54 Installments)

9.50%
Commercial Vehicle
(48 Installments)

11.00%
Domestic Two wheeler
(54 Installments)

9.50%
(7) Against Government Security Loan  
A) NSC/KVP/Govt. Bond 10.50%
B) Against Surrender value of Insurance Policy 10.50%
(8) Gold Loan 10.50%
(9) Special Scheme of Loan for Professional (For Premises-
Machinery-Equipments Furniture,etc)
11.00%
(10) U.B.D / P.B.D.
Service Charge (U.B.D.)
After Expiry
16.00%
2.00%
19.00%
(11) Against Share/Debentures Loan 13.50%
  • Penalty Interest will be charged @ 2%.

Interest rates are subject to change without prior notice.

  • Interests are charges on monthly basis on reducing balances.
  • Monthly Installments are fixed for principal amount and interest to be paid as and when charged.


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