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.
