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.
- 2022-03-29
Concept of overdue sma and npa classification and upgradation as per rbi guidelines - 2021-08-05
Card Control / Limit Control through Mobile BankingNow customer can control of their Rupay Debit Card ATM / POS / Ecom Channel and Limit through Mobile Banking. - 2021-08-03
Ring Road Branch going to shift
Ring Road Branch which is currently located at “First Floor, B-Wing, Millennium Textiles Market, Ring Road, Surat 395002 will be shifted at new premises “ Ground Floor, WTC Building, Market Exchange, BSNL, B/S Millennium Textile Market, Ring Road, Surat 395002 ” shortly. All customers of Ring Road Branch are requested to take a note of it. - 2020-10-06
Introduce ATM Debit Card Channel Control through SMS - 2020-08-27
Udyam Registration Notice - 2020-02-01
SPCB RuPay Debit card POS / Ecom Limit increased - 2018-04-02
BE AWARE OF FAKE RECRUITMENT ADVERTISEMENTS - 2018-06-01
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day issued in the interest of investors. - 2019-09-01
Surat Peoples Bank never sends Email/SMS or Calls you over phone to get your personal detail, Password or OTP. Any such communication is an attempt to CHEAT YOU - 2018-04-02
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary
