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Loan Interest Rate

Home / Loan Interest Rate
Type of Loan / Advances (Effective From : 01-03-2023) 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 Crore8.75%
      (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 8.75%
            (ii) CIR 650 to 699 & (0 or -1 Score)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 Only14.00%
          2)Clean Cash Credit Limit Only13.00%
      ( 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 Lakhs12.00%
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 Crore8.50%
      (B) Rs. 1 Crore and Above8.95%
      (C) Non Priority Advances10.00%
10. For Solar Panel (Term Loan-PMM)
      (A) For Individual House Hold Upto Rs. 10 Lakhs8.25%
      (B) For Commercial Use [Collateral Security 100% and above]8.95%
11. Advances Against Wherehouse Cold Storage Receipt10.00%
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.