Advance Interest Rate (w.e.f – 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* |
Notes :
1) Overdue Interest will be charged 2% extra on all Advances including Term Loan.
2) Advances against Term Deposit to third party will be charged as per above rates or 1 % extra of the Term Deposit whichever is higher.
3) Total Exposure (CIF Wise) is from Rs. 5.00 Cr. to Rs. 14,99,99,999.99 - Existing rate decreased by 0.20% *
4) Total Exposure (CIF Wise) is more than 15.00 Cr. -Existing rate decreased by 0.40%*
5) Conversion Charges to Rating based Lending rate is to be recovered on CIF basis for Multiple accounts of Machinery / TUF Term Loan & Cash Credit Account.
6) All Micro Enterprise Borrowers are eligible for 0.25% discount.
* Note No 3 and 4 does not apply to Rating based Lending rate.