Advances Interest Rates

Rate of Interest (Floating) on Advances

with effect from 01-09-2017

Particulars Rate

Processing Fees

(Max Rs. 50,000)

[1] VEHICLE    
Loan agnst New Car  Below Rs. 10 Lacs - Repayment above 2 Years 8.75% 0.10%
Loan agnst New Car Rs. 10 Lacs and Above Repayment above 2 Years 8.50% 0.10%
Loan agnst New Car - Repayment upto 2 Years 8.25% 0.10%
Loan agnst Used Car 12.50% 0.10%
Loan agst. Commercial Vehicle 11.00% 0.10%
Loan agnst. Two Wheeler Below Rs.5.00 Lacs 13.50% 0.10%
Loan agnst. Two Wheeler from Rs.5.00 Lacs & below Rs.10.00 Lacs   10.00% 0.10%
Loan agnst. Two Wheeler Rs.10.00 Lacs & above   9.50% 0.10%
Loan agnst. Auto Rickshaw   13.50% 0.10%
[2] GOVT. SECURITY    
Against N S C / K V P / Relief Bond (Govt.Securities) 10.00% 0.00%
Against LIC Policy 11.00% 0.00%
[3] DEMAT SHARE    
Against Demat Shares (Maximum Rs.10 Lacs) 12.00% 0.00%
[4] TRADE AND INDUSTRIES [ On the Basis of rating and applicable to ]    
    C.C.Hypothecation agst. Stock / Book-Debts    
    D.A. Bills Discounting, Docu. Biils Purchased    
    Loan/ OD agnst.Equitable Mort. of Office/ Shops/Factory, Land & Building - Non CRE    
    Loan agst. Plant & Machineries /Furniture & Fixtures /Office Equipments etc.    
For Total Limit / Loans below Rs.1 crore [ No Rating ] 11.00% 0.10%
For Total Limit/Loans from Rs.1 Crore & below Rs.3 crore    
Having Credit Rating A Customer 10.50% 0.10%
Having Credit Rating B Customer 10.75% 0.10%
Having Credit Rating C Customer / No Rating* 11.00% 0.10%
For Total Limit/Loans from Rs.3 Crore & above    
Having Credit Rating A Customer 10.25% 0.10%
Having Credit Rating B Customer 10.50% 0.10%
Having Credit Rating C Customer / No Rating* 10.75% 0.10%
[5] EQ.MORT.LOAN / OD AGST.EXISTING PROPERTY, RENT DISCOUNTING, EQ.MORT. OF PROPERTY [CRE]    
For total limit / loans below Rs.7 crore to single party falls in category [5] 11.50% 0.10%
For total Limit/Loans Rs.7 crore & above Single Party falls in this category [5] 11.00% 0.10%
[6] DA BILLS DISCOUNTING (Under L / C)    
D.A. Bills Discounting (Under L / C) 9.70% 0.0%
From 91 days to 364 Days 9.00% 0.0%
[7] HOUSING [Maximum Rs.70/- Lac] - Repayment above 5 Years 8.50% 0.10%
      HOUSING [Maximum Rs.70/- Lac] - Repayment upto 5 Years 8.25% 0.10%
[8] Secured Loan against Equitable Morgage of Self occupied property 9.00% 0.10%
[9] Loan against Solar Roof Top Power System 9.00% 0.10%
[10] EDUCATIONAL    
Secured Educational Loan -(Maximum Rs.10 lacs within India & Maximum Rs.20 lacs outside India) 11.00% 0.10%
Clean Educational Loan [Maximum Rs.4 lacs] 12.00% 0.10%
[11] CLEAN LOAN    
Clean Loan / Personal Consumer Loans / Clean Cash Credit 15.00% 0.10%
Clean Loan / Purchase/Construction/Extension of Residential Property 10.50% 0.10%
[12] DOCTORs / MEDICAL INSTITUTE / Hospital    
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Below Rs.1  Crore 9.00% 0.10%
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.1 Crore & Above and below Rs. 3 Crore 8.75% 0.10%
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.3 Crore and Above 8.50% 0.10%
[13] MICRO CREDIT (WEAKER SECTIONS) Not exceeding Rs 50000    
Secured loan to Artisans, Self Employed Person, Village/Cottage Inds. 11.00% 0.10%
[14] LOAN /OD AGST. BANK FDR - OWN FDR/ THIRD PARTY FDR over rate 1.00% 0.0%

Revised Int. rate wil be applicable to All Existing CC / OD A/cs. as well as Fresh Loans.

Note: Processing fee for new customer as under:

  1. Minimum Rs. 500 for advances upto Rs. 2 Lac

  2. Rs. 1000/- for advances above Rs. 2 Lac and upto Rs. 10 Lac
  3. 0.10% on advance above Rs. 10 Lac - Maximum Rs. 50,000

  4. Processing fee also to be recovered from existing customer in case of increase in Limit. It should be recovered on 0.10 % of the increased / addition in present sanctioned limit ( Maximum Rs. 50,000)