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Loan Interest Rate

With Effective From : 01-02-2021

Loan Type

 

Interest Rate(%)

Business loan 

To Purchase Machineries(including TUF) 

08.75

 

To Purchase/Const. Property

10.00

CC Limit (OD Against Stock/Book Debts)

 

08.90

Mortgage OD/WCTL

 

10.40

Machinery OD/WCTL

 

11.90

WCTL-Stock Book Debts

 

12.25

LC/Bills 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

HP/Consumption

 

14.00

HP/Vehicle

2 Wheeler 

13.00

                  Non Commercial

4 Wheeler

08.00

                         Commercial

4 Wheeler

10.00

Shares OD

 

08.75

Advance against Bank's Term Deposit

 

1% more than Bank Deposit Rate

Surety/Travel Loan

 

13.50

LN/OD against Govt. Sec/NSC/KVP/LIC Policy

 

08.00

PL- Mortgage

 

11.50

Gold Loan (Maxi. Loan ₹.2.00 Lakh)

 

10.00

VAY-Housing

Up to 180 Months

08.50

Education Loan

For Girls 

08.50

 

For Boys

08.50

Professional Loan(for Doctor)

 For Equipments 

08.50

 

For Clinic / Hospital / Office

08.50

TOD & Cheques Passed Against Clearing (Current Accounts)

 

18.00

Exceed & Cheques Passed Against Clearing (CC/OD Accounts)

 

16.00

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%

Consider: Sanction limit of CC/OD+Out standing balance of TL for said rate of interest

 


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