Loan Interest Rate

Type of Loan

Interest Rate

Business Loan

Machinery Term Loan [Rating Module]

SPCB  - 1

8.70

SPCB  - 2

8.85

SPCB  - 3

9.00

SPCB  - 4

9.15

SPCB  - 5

9.25

SPCB  - 6

9.45

SPCB  - 7

9.70

SPCB  - 8

9.95

SPCB  - 9

10.45

SPCB  - 10

10.95

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]

9.75

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

8.90

SPCB  - 2

9.05

SPCB  - 3

9.20

SPCB  - 4

9.35

SPCB  - 5

9.45

SPCB  - 6

9.65

SPCB  - 7

9.90

SPCB  - 8

10.15

SPCB  - 9

10.65

SPCB  - 10

11.15

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]

9.95

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/ Life Insurance Policy

08.00

Education Loan

Priority Sector

Upto ₹ 20 Lakhs

Non Priority Sector

Above ₹ 20 Lakhs

SPCB – 1

8.50

8.75

SPCB – 2

8.75

9.00

SPCB – 3

9.00

9.25

SPCB – 4

9.25

9.50

SPCB – 5

9.50

9.75

SPCB – 6

9.75

10.00

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.

Education Loan [Non Rating Module]

9.25

Vasudhara Awas Yojana

Priority Sector

Non Priority Sector

SPCB – 1

8.00

8.25

SPCB – 2

8.25

8.50

SPCB – 3

8.50

8.75

SPCB – 4

8.75

9.00

SPCB – 5

9.00

9.25

SPCB – 6

9.50

9.75

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.

Vasudhara Awas Yojana [Non Rating Module]

                    9.00

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 2 Wheeler  [Non Rating Module]

13.00

Purchase of 4 Wheeler (Non Commercial)

SPCB  - 1

8.00

SPCB  - 2

8.25

SPCB  - 3

8.50

SPCB  - 4

8.75

SPCB  - 5

9.00

SPCB  - 6

9.25

SPCB  - 7

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.

Purchase of 4 Wheeler (Non Commercial) [Non Rating Module]

9.00

Purchase of Vehicle ( 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 – 01/01/2023)

14.00

Exceed & cheques passed against Clearing (CC/OD Accounts) – 01/01/2023

14.00

New Loan Scheme for Small & Medium Traders

(WCTL/OD Limit  up to Rs.75.00 Lakh per CIF)

Against Residential  Property

7.50

Against  Non-Residential  Property

7.75

New Loan Scheme for Manufacture unit against property

(MCH TL/WCTL/Mortgage OD Limit  up to Rs.90.00 Lakh per CIF)

Against  Residential  &  Liquid Security

7.75

Against  Non-Residential  Property

8.00