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.


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