Loan Interest Rate

Type of Loan

Interest Rate

Business Loan

Machinery Term Loan [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 ₹ 10,000/- + GST

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

Machinery Term Loan [Non Rating Module]

9.95

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

9.10

SPCB  - 2

9.25

SPCB  - 3

9.40

SPCB  - 4

9.55

SPCB  - 5

9.65

SPCB  - 6

9.85

SPCB  - 7

10.10

SPCB  - 8

10.35

SPCB  - 9

10.85

SPCB  - 10

11.35

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]

10.15

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 (Floating)

12.00

SPB Green Energy Scheme

(Solar ,Wind Power ,Bio gas Power  Generation) (Existing Customer)

8.75

SPB Green Energy Scheme

(Solar ,Wind Power ,Bio gas Power  Generation) (Existing Customer)partnering with PAHAL SOLAR

8.75

SPB Green Energy Scheme  (New Customer)

9.00

SPB Green Energy Scheme  (New Customer)partnering with PAHAL SOLAR

9.00

PL – Mortgage

11.50

Surety / Travel

13.50

Loan / OD against Govt Sec / NSC / KVP/ Life Insurance Policy(Floating)

8.00

Loan / OD against Govt Sec / NSC / KVP/ Life Insurance Policy[Fixed Rate]

9.50

Education Loan (Floating)

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] (Floating)

9.25

Education Loan [Fixed Rate]

9.50

Vasudhara Awas Yojana (Floating)

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 does 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] (Floating)

9.00

Vasudhara Awas Yojana [Fixed Rate]

9.25

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 (Floating)

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.

HP / Consumption (Fixed Rate)

11.25

Purchase of 2 Wheeler (Floating)

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] (Floating)

13.00

Purchase of 2 Wheeler   (Fixed Rate)

10.50

Purchase of 4 Wheeler (Non Commercial) (Floating)

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] (Floating)

9.00

Purchase of 4 Wheeler (Fixed Rate)

9.50

Purchase of Vehicle ( Commercial)

10.00

Shares OD  (Floating)

8.75

Shares OD (Fixed Rate)

9.50

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

Credit guarantee Trust For Micro and Small Enterprise (CGTMSE) for Existing

10.00

CIC SCORE                                                AS PER RATING

600 OR LESS                                                   B

12.00

601 TO 650                                                     B+

11.50

651 TO 700                                                     A

11.00

701 & ABOVE                                                 A+

10.50