# RATE OF INTEREST ON ADVANCES (W.E.F 10.04.2023) |
1 |
SURITY LOAN |
|
(a) |
Upto Rs. 2 Lakhs |
13% P.A. |
(b) |
Above Rs. 2 Lakhs |
13% P.A. |
2 |
HOUSING LOAN |
|
(a) |
Priority Sector |
(a) 7.50% P.A. (CIBIL 750 & Above)
(b) 8.00% P.A. (CIBIL Less than 750)
|
(b) |
Non Priority Sector |
(a) 8.50% P.A. (CIBIL 750 & Above)
(b) 9.00% P.A. (CIBIL Less than 750)
|
(c) |
For House Repair and Renovation (Priority Sector) |
(a) 7.50% P.A. (CIBIL 750 & Above)
(b) 8.00% P.A. (CIBIL Less than 750)
|
(d) |
For House Repair and Renovation (Non Priority Sector) |
(a) 8.50% P.A. (CIBIL 750 & Above)
(b) 9.00% P.A. (CIBIL Less than 750)
|
3 |
TRANSPORT / VEHICLE LOAN |
|
(a) |
PERSONAL/COMMERCIAL VEHICLE LOAN |
(a) 7.75% P.A. (CIBIL 750 & Above)
(b) 8.25% P.A. (CIBIL Less than 750)
|
(b) |
ELECTRIC VEHICLE LOAN |
(a) 7.50% P.A. (CIBIL 750 & Above)
(b) 8.00% P.A. (CIBIL Less than 750)
|
4 |
TERM LOAN-Loan against Property |
(a) 9.00% P.A. (CIBIL 750 & Above)
(b) 9.50% P.A. (CIBIL Less than 750)
|
5 |
SANCTIONED -OD/TOD -limits (Secured)
|
|
(a) |
Upto Rs. 50/- Lakhs
Any amount above sanctioned ODL/TODL and Bill Purchase - |
10.50% P.A.
*13.50% P.A. |
(b) |
Above Rs. 50/- Lakhs upto Rs. 1/- Crore
Any amount above sanctioned ODL/TODL and Bill Purchase - |
10.00% P.A.
*13.00% P.A. |
(c) |
Above Rs. 1/- Crore
Any amount above sanctioned ODL/TODL and Bill Purchase - |
09.50% P.A.
*12.50% P.A. |
6
|
EDUCATION LOAN |
|
(a)
|
Upto Rs. 20/- Lakhs |
8.50% P.A. |
(b)
|
Above Rs. 20/- Lakhs |
9.00% P.A. |
7 |
CONSUMER DURABLES --DCG |
13.00% P.A. |
Note:- No rebate will be given on loans taken with effect from 04/04/2016 as interest has been reduced by 1%. However, 1% rebate as per the existing rules will continue to be given for loans taken before 04/04/2016
0.5% rebate in interest on loan to a member belonging to SC/ST category provided a certified copy of the certificate that he belongs to this category is submitted along with the loan form and it is verified from original
# Interest on Loans are compoundingly charged at monthly intervals on daily product basis.
* On overdue amount of all loans, 3% additional interest in the form of penal interest will be charged
|