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Loan Interest Rate

 

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

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

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

 

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

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

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

Purchase of 4 Wheeler ( Commercial)

10.00

Shares OD

08.75

Advance against Bank Term Deposit

1% more than Bank Term Deposit rate

TOD & Cheques passed against Clearing (Current Accounts)

18.00

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

16.00



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 (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%*

* Rating Base Lending rate does not apply to Note No 3 and Note No 4.


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