Rate of Interest in Loans and Advances w.e.f. 01-04-2021
| Type | Interest Rate |
| (1) Property Loan | |
| (A) New Property Purchase or to Build (NAVNIDHI GRUH DHIRAN YOJNA) (Period 180 Monthly Installments) (80% of project cost) Up To Rs.25 Lakh Above Rs.25 Lakh |
8.25% 8.50% |
| (B) Against Old Property (Up To 70% of Valuation) | |
| Overdraft Up To Rs.1 Crore Above Rs.1 Crore Loan (above 60 Monthly Installments) - Including Industrial Shade Loan Up To Rs.1 Crore Above Rs.1 Crore To Less Than Rs.5 Crore Rs.5 Crore and Above |
11.00% 10.25% 10.00% 9.75% 9.50% |
| (C) Drop Line Overdraft Up To Rs.1 Crore Above Rs.1 Crore To Less Than Rs.5 Crore Rs.5 Crore and Above |
10.00% 9.75% 9.50% |
| (2) Machinery Hypothecation Loan (With TUF Scheme) Up To Rs.1 Crore Above Rs.1 Crore To Less Than Rs.5 Crore Rs.5 Crore and Above |
9.00% 8.75% 8.50% |
| (3) Machinery Hypothecation Loan (PMEGP) - Up To Rs.25 Lakh | 9.50% |
| (4) Advances Against Machinery/Stock Etc, Cash Credit/Overdraft Up To Rs.1 Crore Above Rs.1 Crore To Less Than Rs.5 Crore Above Rs.5 Crore To Less Than Rs.10 Crore Rs.10 Crore and Above |
9.75% 9.15% 9.00% 8.50% |
| (5) 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% |
| (6) Personal Mortgage Loan (Monthly 60 Installments) Up To Rs.10 Lakh 200% Security (Property) |
11.00% 10.50% |
| (7) Article Loan (Monthly 50 Installments, 75% of Total Price) Up To Rs.50,000/- |
13.00% |
| (8) Vehicle Loan (Monthly Installments) |
|
| Domestic Four Wheeler (36 Installments) | 8.25% |
| Domestic Four Wheeler (54 Installments) | 8.75% |
| Domestic Two Wheeler (54 Installments) With Guarantor Without Guarantor |
9.00% 12.00% |
| Commercial Vehicle (48 Installments) | 9.50% |
| (9) Education Loan | 10.00% |
| (10) Against Government Security Loan | |
| NSC/KVP/Govt. Bond/LIC(Against Surrender Value) - Loan | 9.00% |
| - OverDraft | 9.50% |
| (11) Gold Loan (65% of Valuation) | 9.00% |
| (12) Solar Panel System Hypothecation Loan (75% of Quotation) For Domestic Use (60 Installments) For Commercial Use (60 Installments) |
9.00% 9.00% |
| (13) 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 + 0.75% FD Rate + 1.50% |
| (14) Special Scheme of Loan For Professionals (For Premises, Machinery, Equipments, Furniture etc.) Up To Rs.1 Crore Above Rs.1 Crore |
9.00% 8.75% |
| (15) Project Finance Loan 200% Security R.V. 300% Security R.V. |
11.00% 10.50% |
| (16) U.B.D / P.B.D. After Expiry |
16.00% 19.00% |
| (17) 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.
