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 / |
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.
