Advances Interest Rates

Rate of Interest (Floating) on Advances

with effect from 01-09-2018

Particulars Rate

Processing Fees

(Max Rs. 1,00,000)

[1] VEHICLE    
Loan agnst New Car  Below Rs. 10 Lacs - Repayment above 2 Years 8.75% 0.20%
Loan agnst New Car Rs. 10 Lacs and Above Repayment above 2 Years 8.50% 0.20%
Loan agnst New Car - Repayment upto 2 Years 8.25% 0.20%
Loan agnst Used Car 12.50% 0.20%
Loan agst. Commercial Vehicle 11.00% 0.20%
Loan agnst. Two Wheeler Below Rs.5.00 Lacs 13.50% 0.20%
Loan agnst. Two Wheeler from Rs.5.00 Lacs & below Rs.10.00 Lacs   10.00% 0.20%
Loan agnst. Two Wheeler Rs.10.00 Lacs & above   9.50% 0.20%
Loan agnst. Auto Rickshaw   11.00% 0.20%
[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% 0.20%
For Total Limit/Loans from Rs.1 Crore & below Rs.3 crore    
Having Credit Rating A Customer 10.50% 0.20%
Having Credit Rating B Customer 10.75% 0.20%
Having Credit Rating C Customer / No Rating* 11.00% 0.20%
For Total Limit/Loans from Rs.3 Crore & above    
Having Credit Rating A Customer 10.25% 0.20%
Having Credit Rating B Customer 10.50% 0.20%
Having Credit Rating C Customer / No Rating* 10.75% 0.20%
[5] EQ.MORT.LOAN / OD AGST.EXISTING PROPERTY, RENT DISCOUNTING, EQ.MORT. OF PROPERTY [CRE]    
For limt (OD) upto Rs. 1 Crore to Single party falls in category 5 11.50% 0.20%
For total loans below Rs.5 crore to single party falls in category [5] 11.50% 0.20%
For total Loans Rs.5 crore & above Single Party falls in this category [5] 10.25% 0.20%
[6] DA BILLS DISCOUNTING (Under L / C)  w.e.f.01/07/2018    
D.A. Bills Discounting (Under L / C) 8.75 % 0.00%
[7] HOUSING [Maximum Rs.70/- Lac] - Repayment above 5 Years 8.50% 0.20%
      HOUSING [Maximum Rs.70/- Lac] - Repayment upto 5 Years 8.25% 0.20%
[8] Loan against Solar Roof Top Power System 9.00% 0.20%
[9] EDUCATIONAL    
Secured Educational Loan -(Maximum Rs.10 lacs within India & Maximum Rs.20 lacs outside India) 11.00% 0.20%
Clean Educational Loan [Maximum Rs.4 lacs] 12.00% 0.20%
Secured Educational Loan against our bank FDR Maximum Rs. 20 Lacs in India and Rs. 40 Lacs outside India 9.00% 0.20%
[10] CLEAN LOAN    
Clean Loan / Personal Consumer Loans / Clean Cash Credit 15.00% 0.20%
Clean Loan / Purchase/Construction/Extension of Residential Property 10.50% 0.20%
[11] DOCTORs / MEDICAL INSTITUTE / Hospital    
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Below Rs.1  Crore 9.50% 0.20%
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.1 Crore & Above and below Rs. 3 Crore 9.25% 0.20%
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.3 Crore and Above 9.00% 0.20%
[12] MICRO CREDIT (WEAKER SECTIONS) Not exceeding Rs 50000    
Secured loan to Artisans, Self Employed Person, Village/Cottage Inds. 11.00% 0.20%
[13] LOAN /OD AGST. BANK FDR - OWN FDR/ THIRD PARTY FDR over rate 1.00% 0.00%

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: w.e.f. 01/05/2018

  1. Minimum Rs. 500/- for advances upto Rs. 2/-  Lac + GST

  2. Rs.2000/- for advances above Rs.2/-  Lac and upto Rs. 10/- Lac + GST
  3. 0.20% on advance above Rs. 10/-  Lac - Maximum Rs.100,000/- + GST

  4. Processing fee also to be recovered from existing customer in case of increase in Limit. It should be recovered on 0.20 % of the increased / addition in present sanctioned limit ( Maximum Rs.1,00,000/-)