Loan Interest Rate
| Type of Loan / Advances (Effective From : 01-01-2024) | Int. Rate |
|---|---|
| 1. All type of Cash Credit Loan (Secured), Against stock / BookDebts. [With MSME] | |
| (A) Upto Rs. 25 Lakhs | 8.50% |
| (B) Above 25 Lakhs to 1 Crore | 8.75% |
| (C) Above Rs. 1 Crore and More (At the time of yearly renewal, Interest rate shouldbe apply as per Credit Rating) | |
| 1) Credit Rating "AAA" (Above 80 Marks) | 8.50% |
| 2) Credit Rating "AA" (70 To 79 Marks) | 8.75% |
| 3) Credit Rating "A" (60 To 69 Marks) | 8.95% |
| 4) Credit Rating "B" (50 To 59 Marks) | 9.50% |
| 5) Credit Rating "C" (Below 50 Marks No Rating) | 10.50% |
| 2. OAS Loan (against security of Immovable Property) [With MSME] | 8.95% |
| 3. Loan against Govt. Securities - (NSC/KVP/BOND/LIC) | |
| (A) Term Loan(GSM) | 8.25% |
| (B) Over Draft(OGS) | 8.50% |
| 4. Education Loan (Higher + Secured) | |
| (A) Maximum upto Rs. 20 Lakhs | 9.75% |
| 5. Housing Loan (Maximum 240 Months) | |
| (A) Upto Rs. 35 Lakhs ( Under Priority Sector ) | 8.25% |
| (B) Above Rs.35 Lakhs and Maximum Rs.140 Lakhs ( Upto Rs. 35 Lakhs Under Non Priority Sector ) | 9.25% |
| 6. Vehicle Loan (Personal Use) | |
| (A) All type of Two-Wheelers ( Maximum Up To 36 Months ) ( 1 ) CIR 700 & Above ( 2 ) CIR 650 to 699 & ( 0 or -1 Score ) ( 3 ) CIR 550 to 649 | 11.50% 11.75% 12.00% |
| (B) All type of Old Four-Wheelers (Maximum up to 36 months and Maximum 3 year Old Car) | 12.00% |
| (C) All type of Commercial Vehicle (Maximum up to 60 months) ( 1 ) Without Additional Mortgage ( 2 ) With Fixed Asset Property Mortgage | 11.25% 9.75% |
| (D) Vehicle Loan ( Car Loan ) For Personal Use Only ( Maximum 84 Months ) | |
| (i) CIR 700 & Above And -1 Score | 8.25% |
| (ii) CIR 650 to 699 | 9.25% |
| (iii) CIR 550 to 649 | 9.50% |
| 7. Unsecured Loan / Clean Cash Credit (Maximum Rs.5,00,000/ (Maximum 60 Months) | |
| (A) Personal Loan, House Renovation, Social Purpose, Clean Cash Credit and all unsecured loans | |
| 1)Term Loan Only | 14.00% |
| 2)Clean Cash Credit Limit Only | 13.00% |
| ( B ) Bhagyodaya Saral Loan Yojna ( Maximum Upto 3 Lakh ) ( Maximum 36 Months ) | 9.25% |
| 8. Proffessional Bussiness Cash Credit Advance Limit | |
| (A) Up to Rs. 2 Lakhs | 12.00% |
| 9. Secured Term Loan (Purchase of office for Business, Godown, Factory Shed along with Construction, New Plant and Machinery, Equitable mortgage loan Agst. Existing Property for Bussiness Development.) (MSME Industrial) | |
| (A) Up to Rs. 1 Crore | 8.50% |
| (B) Rs. 1 Crore and Above | 8.95% |
| (C) Non Priority Advances | 10.00% |
| 10. For Solar Panel (Term Loan-PMM) | |
| (A) For Individual House Hold Upto Rs. 10 Lakhs | 8.25% |
| (B) For Commercial Use [Collateral Security 100% and above] | 8.95% |
| 11. Advances Against Wherehouse Cold Storage Receipt | 10.00% |
| Note: Rate for advances against fixed deposit of Rs. 25000 and above | |
| Upto Rs. 1 Lakh 1.00% + Rate of Int. on Fixed Deposit | |
| Above Rs. 1 Lakh 1.00% + Rate of Int. on Fixed Deposit | |
| Additional advance of 75% of Accrued Interest after 1 year from the date of deposit. | |
| In Weaker Section, 0.50% interest rate concession in regular interest rate the date of deposit. |
