Loan Interest Rate wef 01-11-2022

Type of Loan

Interest Rate

Business Loan

Machinery Term Loan [Rating Module]

SPCB - 1

8.40

SPCB - 2

8.55

SPCB - 3

8.70

SPCB - 4

8.85

SPCB - 5

8.95

SPCB - 6

9.15

SPCB - 7

9.40

SPCB - 8

9.65

SPCB - 9

10.15

SPCB - 10

10.65

Existing Retail / Individual Borrowers shall be offered one – time option to switch over to RBLR (Rating base Lending rate) with conversion fees @ 0.30% loan amount subject to maximum ₹ 10,000/- + GST

i.e (A) Present outstanding or (B) Present outstanding + undisbursed portion

Machinery Term Loan [Non Rating Module]

9.50

Mortgage Term Loan – Purchase / Construction of Property Non Individual

10.00

Mortgage Term Loan – Purchase / Construction of Property Individual

SPCB - 1

09.75

SPCB - 2

10.00

SPCB - 3

10.25

SPCB - 4

10.50

SPCB - 5

10.75

SPCB - 6

11.00

Existing Retail / Individual Borrowers shall be offered one – time option to switch over to RBLR (Rating base Lending rate) with conversion fees @ 0.15% loan amount subject to maximum ₹ 10,000/- + GST

i.e (A) Present outstanding or (B) Present outstanding + undisbursed portion for under construction Property

Cash Credit (OD against Stock / Book Debts) [Rating Module]

SPCB - 1

8.60

SPCB - 2

8.75

SPCB - 3

8.90

SPCB - 4

9.05

SPCB - 5

9.15

SPCB - 6

9.35

SPCB - 7

9.60

SPCB - 8

9.85

SPCB - 9

10.35

SPCB - 10

10.85

Existing Retail / Individual Borrowers shall be offered one – time option to switch over to RBLR (Rating base Lending rate) with conversion fees @ 0.30% loan amount subject to maximum ₹ 20,000/- + GST

i.e (A) Present outstanding or (B) Present outstanding + undisbursed portion.

Cash Credit (OD against Stock / Book Debts) [Non Rating Module]

9.70

Mortgage OD / WCTL

10.40

Machinery OD / WCTL

11.90

WCTL – Stock Book Debts

12.25

LC / Biils Disc

12.00

Rent Discounting Scheme

10.25

Project Finance

12.00

SPB Green Energy Scheme

(Solar ,Wind Power ,Bio gas Power Generation)

08.50

PL – Mortgage

11.50

Surety / Travel

13.50

Loan / OD against Govt Sec / NSC / KVP/ LIC Policy

08.00

Education Loan

Priority Sector

Upto ₹ 20 Lakhs

Non Priority Sector

Above ₹ 20 Lakhs

SPCB – 1

8.25

8.50

SPCB – 2

8.50

8.75

SPCB – 3

8.75

9.00

SPCB – 4

9.00

9.25

SPCB – 5

9.25

9.50

SPCB – 6

9.50

9.75

Existing Retail / Individual Borrowers shall be offered one – time option to switch over to RBLR (Rating base Lending rate) with conversion fees @ 0.30% loan amount subject to maximum ₹ 20,000/- + GST

i.e (A) Present outstanding or (B) Present outstanding + undisbursed portion.

Vasudhara Awas Yojana

Priority Sector

Non Priority Sector

SPCB – 1

7.85

8.10

SPCB – 2

8.10

8.35

SPCB – 3

8.35

8.60

SPCB – 4

8.60

8.85

SPCB – 5

8.85

9.10

SPCB – 6

9.35

9.60

Priority Sector:- Loans upto ₹ 35 lakh in metropolitan centres (with population of 10 lakh and above) and up to ₹ 25 lakh in other centres for purchase / construction of dwelling unit per family provided the overall cost of the dwelling unit in the metropolitan centre and at other centre doesn not exceed ₹ 45 lakh and ₹ 30 lakh respectively.

Existing Retail / Individual Borrowers shall be offered one – time option to switch over to RBLR (Rating base Lending rate) with conversion fees @ 0.30% loan amount subject to maximum ₹ 20,000/- + GST

i.e (A) Present outstanding or (B) Present outstanding + undisbursed portion.

Professional Loan (For Doctor)

For Equipments

08.50

For Clinic / Hospital / Office

08.50

Gold Loan (Maximum Rs 2.00 Lakh)

10.00

HP / Consumption

SPCB - 1

08.75

SPCB - 2

09.25

SPCB - 3

09.75

SPCB - 4

10.50

SPCB - 5

11.00

SPCB - 6

11.50

SPCB - 7

11.75

Existing Retail / Individual Borrowers shall be offered one – time option to switch over to RBLR (Rating base Lending rate) with conversion fees @ 0.30% loan amount subject to maximum ₹ 20,000/- + GST

i.e (A) Present outstanding or (B) Present outstanding + undisbursed portion.

Purchase of 2 Wheeler

SPCB - 1

8.50

SPCB - 2

9.00

SPCB - 3

9.50

SPCB - 4

10.00

SPCB - 5

10.50

SPCB - 6

10.75

SPCB - 7

11.00

Existing Retail / Individual Borrowers shall be offered one – time option to switch over to RBLR (Rating base Lending rate) with conversion fees @ 0.30% loan amount subject to maximum ₹ 20,000/- + GST

i.e (A) Present outstanding or (B) Present outstanding + undisbursed portion.

Purchase of 4 Wheeler (Non Commercial)

SPCB - 1

7.85

SPCB - 2

8.10

SPCB - 3

8.35

SPCB - 4

8.60

SPCB - 5

8.85

SPCB - 6

9.10

SPCB - 7

9.60

Existing Retail / Individual Borrowers shall be offered one – time option to switch over to RBLR (Rating base Lending rate) with conversion fees @ 0.30% loan amount subject to maximum ₹ 20,000/- + GST

i.e (A) Present outstanding or (B) Present outstanding + undisbursed portion.

Purchase of 4 Wheeler ( Commercial)

10.00

Shares OD

8.75

Advance against Bank Term Deposit

1% more than Bank Term Deposit rate

TOD & Cheques passed against Clearing (Current Accounts)

(w.e.f – 15/02/2021)

12.00

Exceed & cheques passed against Clearing (CC/OD Accounts) – 15/12/2021

12.00

New Loan Scheme for Small & Medium Traders

7.50*