advances-interest-rates

Rate of Interest (Floating) on Advances

with effect from 01/05/2021

Particulars Rate

Processing Fees

(Max Rs. 2,00,000)

[1] VEHICLE    
Car Loan 7.75% 0.20%
Loan agnst Used Car 12.50% 0.20%
Loan agst. Commercial Vehicle 11.00% 0.20%
Loan agst. Two Wheeler 9.00% 0.20%
[2] GOVT. SECURITY    
Against N S C / K V P / Relief Bond (Govt.Securities) 8.25% 0.00%
Against LIC Policy 8.25% 0.00%
[3] DEMAT SHARE    
Against Demat Shares (Maximum Rs.10 Lacs) 8.25% 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.50 lakhs [ NO Rating ] less than 100% security 10.40% 0.20%
100% Prime/Collateral Security backed by mortgage(Below Rs.50.Lakhs)for Business
SEC. O.D./Loan AGST. PROPERTY below Rs.50 LAKHS (margin 30% on REALIZABLE VALUE) 8.50% 0.20%
C.C.Hypothecation agst. Stock / Book-Debts BELOW Rs.50 LAKHS(100% Collateral Security) 8.50% 0.20%
RATED ACCOUNTS
For Total Limit / Loans Rs.50 lakhs to 3 crore As per rating  
Having Credit Rating A++ customer 8.75% 0.20%
Having Credit Rating A+ Customer 9.25% 0.20%
Having Credit Rating A Customer 9.50% 0.20%
Having Credit Rating B Customer 10.00% 0.20%
Having Credit Rating C Customer 10.40% 0.20%
Having Credit Rating D Customer 10.75% 0.20%
Having Credit Rating E Customer 11.25% 0.20%
For Total Limit/Loans from Rs.3 Crore & above    
Having Credit Rating A++ customer 8.00% 0.20%
Having Credit Rating A+ customer 8.50% 0.20%
Having Credit Rating A Customer 8.75% 0.20%
Having Credit Rating B Customer 9.50% 0.20%
Having Credit Rating C Customer 10.15% 0.20%
Having Credit Rating D Customer 10.50% 0.20%
Having Credit Rating E Customer 11.00% 0.20%
[5] LOAN /O/D. AGST. EQ.MORT. OF EXISTING PROPERTY , RENT DISCOUNTING,LOAN/ O/D. AGST. EQ.MORT. OF PROPERTY [ CRE]    
For total Loans / O.D. (any amount) to single party falls in category [5] 10.75% 0.20%
[6] D A BILLS DISCOUNTING (Under L/C) Upto 364 Days 7.00% 0.20%
[7] HOUSING Loan [ Maximum Rs.70/- Lac ] - Repayment Term - max. 20 years 7.25% 0.20%
[8] EDUCATIONAL
Secured Educational Loan -(Maximum Rs.20 lacs within India & Rs.40 Lacs outside India) 9.00% 0.20%
Clean Educational Loan [Maximum Rs.4 lacs] 9.50% 0.20%
[9] CLEAN LOAN / PERSONAL CONSUMER LOANS/CLEAN CASH CREDIT 15.00% 0.20%
[10] DOCTORs / MEDICAL INSTITUTE / Hospitals
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Below Rs.1/- Crore 9.00% 0.20%
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.1/- Crore & below Rs.3 Crore 8.50% 0.20%
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.3/- Crore & Below Rs.5/- Crore 8.00% 0.20%
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.5/- Crore & above 7.75% 0.20%
[11] MICRO CREDIT (Weaker Section) Not exceeding Rs.50000/- 11.00% 0.20%
[12] LOAN /OD AGST. SOLAR POWER SYSTEM
Loan against purchase of solar roof top power system domestic/commercial 9.00% 0.20%
[13] LOAN /OD AGST. BANK FDR - OWN FDR/ THIRD PARTY FDR over rate 1.00% 0%

Processing Fees :

(1) Minimum Rs.500/- + GST for Advance upto Rs.2,00,000/-

(2) Rs.2000/- +GST for advance above Rs.2,00,000/- and upto Rs.10,00,000/-

(3) For advance above Rs.10,00,000/-, 0.20%, maximum Rs.2,00,000/- + GST

[ For more details regarding Processing fees, see refer our detailed circular]

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

* * For New customer rating shall be applicable on the basis of Audited Financials & subject to loan policy.

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