Rate of Interest in Loans and Advances w.e.f. 19-02-2019

 

 
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 Rs.15 Lakh
                   Above Rs.15 Lakh


10.00%
10.50%
(B) Against Old Property (up to 70% of Valuation)
     Overdraft
                  Up To Rs.1 Crore
                  Above Rs.1 Crore
      Loan (above 60 Installments Monthly) - Including Industrial Shade Loan
                  Up To Rs.1 Crore
                  Above Rs.1 Crore

12.50%
11.75%
 
12.00%
11.50%
(C) Same Interest rates applicable for Drop Line Overdraft Facility  
(2) Machinery Hypothecation Loan (With TUF Scheme)
                  Up To Rs.1 Crore
                  Above Rs.1 Crore

10.75%
10.50%
(3) Advances Against Machinery/Stock Etc, Cash Credit/Overdraft
                  Up To Rs.1 Crore
                  Above Rs.1 Crore
11.00%
10.50%
(4) Personal Surety Loan (Monthly 50 Installments)
A) Personal Surety Loan (Up To Rs.20,000/-) 14.00%
B) Personal Surety Loan with Undertaking (Up To Rs.75,000/-) 12.00%
(5) Personal Mortgage Loan (Monthly 60 Installments)
                   Rs.5 Lakh To Rs.10 Lakh
13.00%
(6) Article Loan (Up To Rs.50,000/-)
     (Monthly 50 Installments, 75% of Total Price)
13.00%
(7) Vehicle Loan (Monthly  Installments)
                   Domestic - Car Loan (54 Installments) 9.50%
                   Commercial Vehicle (48 Installments) 11.00%
                   Domestic Two wheeler (54 Installments) 9.50%
(8) Education Loan
                   For Boys
                   For Girls
 
10.50%
10.00%
(9) Against Government Security Loan  
A) NSC/KVP/Govt. Bond 10.50%
B) Against Surrender value of Insurance Policy 10.50%
(10) Gold Loan 10.50%
(11) Loan against Bank Fixed Deposit
                   
Up To Rs.25 Lakhs
                   Above Rs.25 Lakhs
       Overdraft against Bank Fixed Deposit
       In case of Third Party Loan
 
FD Rate + 0.75%
FD Rate + 0.50%
FD Rate + 1.00%
FD Rate + 2.00%
(12) Special Scheme of Loan For Professionals
       (For Premises, Machinery, Equipments, Furniture etc.)

                   Up To Rs.1 Crore
                   
Above Rs.1 Crore
 

11.00%
10.50%
(13) U.B.D / P.B.D.
       After Expiry
16.00%
19.00%
(14) 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.


View Statement

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