The Surat Peoples Co - op Bank Ltd
Multi State Scheduled Bank
Advance Interest Rate w.e.f - 21.04.2022
Type of Loan |
Interest Rate |
|
Business Loan |
|
|
Machinery Term Loan - TUF |
|
|
SPCB - 1 |
07.25 |
|
SPCB - 2 |
07.40 |
|
SPCB - 3 |
07.55 |
|
SPCB - 4 |
07.70 |
|
SPCB - 5 |
07.80 |
|
SPCB - 6 |
08.00 |
|
SPCB - 7 |
08.25 |
|
SPCB - 8 |
08.50 |
|
SPCB - 9 |
09.00 |
|
SPCB -10 |
09.50 |
|
Existing Retail / Individual Borrowers shall be offered one - time option to switch over to Rating base Lending rate with conversion fees @ 0.30% loan amount subject to maximum Rs 10,000/- + GST i.e A. Present outstanding or B. Present outstanding + undisbursed portion. |
||
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 Rating base Lending rate with conversion fees @ 0.15% loan amount subject to maximum Rs 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 |
||
SPCB - 1 |
07.50 |
|
SPCB - 2 |
07.65 |
|
SPCB - 3 |
07.80 |
|
SPCB - 4 |
07.95 |
|
SPCB - 5 |
08.05 |
|
SPCB - 6 |
08.25 |
|
SPCB - 7 |
08.50 |
|
SPCB - 8 |
08.75 |
|
SPCB - 9 |
09.25 |
|
SPCB -10 |
09.75 |
|
Existing Retail / Individual Borrowers shall be offered one - time option to switch over to Rating base Lending rate with conversion fees @ 0.30% loan amount subject to maximum Rs 20,000/- + GST i.e A. Present outstanding or B. Present outstanding + undisbursed portion. |
||
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 - |
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 |
Non Priority Sector |
SPCB - 1 |
07.50 |
07.75 |
SPCB - 2 |
07.75 |
08.00 |
SPCB - 3 |
08.00 |
08.25 |
SPCB - 4 |
08.25 |
08.50 |
SPCB - 5 |
08.50 |
08.75 |
SPCB - 6 |
08.75 |
09.00 |
Existing Retail / Individual Borrowers shall be offered one - time option to switch over to Rating base Lending rate with conversion fees @ 0.30% loan amount subject to maximum Rs 20,000/- + GST i.e A. Present outstanding or B. Present outstanding + undisbursed portion. |
||
|
|
|
Vasudhara Awas Yojana |
Priority Sector |
Non Priority Sector |
SPCB - 1 |
07.25 |
07.50 |
SPCB - 2 |
07.50 |
07.75 |
SPCB - 3 |
07.75 |
08.00 |
SPCB - 4 |
08.00 |
08.25 |
SPCB - 5 |
08.25 |
08.50 |
SPCB - 6 |
08.75 |
09.00 |
Existing Retail / Individual Borrowers shall be offered one - time option to switch over to Rating base Lending rate with conversion fees @ 0.30% loan amount subject to maximum Rs 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 Rating base Lending rate with conversion fees @ 0.30% loan amount subject to maximum Rs 20,000/- + GST i.e A. Present outstanding or B. Present outstanding + undisbursed portion. |
||
Purchase of 2 Wheeler |
|
|
SPCB - 1 |
07.75 |
|
SPCB - 2 |
08.25 |
|
SPCB - 3 |
08.75 |
|
SPCB - 4 |
09.25 |
|
SPCB - 5 |
09.75 |
|
SPCB - 6 |
10.00 |
|
SPCB - 7 |
10.25 |
|
Existing Retail / Individual Borrowers shall be offered one - time option to switch over to Rating base Lending rate with conversion fees @ 0.30% loan amount subject to maximum Rs 20,000/- + GST i.e A. Present outstanding or B. Present outstanding + undisbursed portion. |
||
Purchase of 4 Wheeler - Non Commercial |
|
|
SPCB - 1 |
07.25 |
|
SPCB - 2 |
07.50 |
|
SPCB - 3 |
07.75 |
|
SPCB - 4 |
08.00 |
|
SPCB - 5 |
08.25 |
|
SPCB - 6 |
08.50 |
|
SPCB - 7 |
09.00 |
|
Existing Retail / Individual Borrowers shall be offered one - time option to switch over to Rating base Lending rate with conversion fees @ 0.30% loan amount subject to maximum Rs 20,000/- + GST i.e A. Present outstanding or B. Present outstanding + undisbursed portion. |
||
Purchase of 4 Wheeler - Commercial |
10.00 |
|
Shares OD |
08.75 |
|
Advance against Bank Term Deposit |
1% more than Bank Term Deposit rate |
|
TOD and Cheques passed against Clearing - Current Accounts w.e.f 15/12/2021 |
12.00 |
|
Exceed and cheques passed against Clearing - CC/OD Accounts w.e.f 15/12/2021 |
12.00 |
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 is from Rs. 5.00 Cr. to Rs. 14,99,99,999.99 - Existing rate decreased by 0.20% - CIF Wise
4) Total Exposure is more than 15.00 Cr. -Existing rate decreased by 0.40% - CIF Wise
Rating Base Lending rate does not apply to Note No 3 and Note No 4.