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Loan Interest Rate

The Surat Peoples Co - op Bank Ltd
Multi State Scheduled Bank
Advance Interest Rate w.e.f - 20.09.2021

Type of Loan

Interest Rate

Business Loan

 

Machinery Term Loan - TUF

08.75

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 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

08.90

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

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.


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