Loan Interest Rate- The Surat People's Co-operative Bank Ltd.

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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