advances-interest-rates

Rate of Interest (Floating) on Advances

with effect from 01/01/2023

Particulars Rate
     [1]   VEHICLE
Car Loan   
CIC Score >=700 8.00%
CIC Score <700 8.50%
Loan agst  Used Car 12.50%
Loan agst. Commercial Vehicle 11.00%
Loan agst. Two Wheeler 9.00%
     [2]   GOVT. SECURITY
Against N S C / K V P / Relief Bond (Govt.Securities)  8.50%
Against L.I.C. Policy 8.50%
     [3]   DEMAT SHARE - Against Demat Shares  (Maximum Rs.10 Lacs) 8.50%
     [4]   TRADE AND INDUSTRIES     - Business Finance 
           (a)      [ Upto Rs.50/- Lacs- NO Rating & Less than 100 % Security ] 10.40%
           (b)      [ Limit  Below Rs.1/- Crore - 100 % Security requird  - Business Booster ] 8.75%
          (c )      Rated Accounts :-                                                                                          [Including WCDL]  
1. For Total Limit/Loans from Rs.50 Lakhs & below Rs.3 crore as per rating
                             Having  Credit Rating A++  customer                       8.75%
                             Having  Credit Rating A+  customer                       9.75%
                             Having  Credit Rating A  customer                       10.00%
                             Having  Credit Rating B  customer        10.50%
                             Having  Credit Rating C  customer 11.00%
                             Having  Credit Rating D  customer        11.25%
                             Having  Credit Rating E  customer        11.75%
2. For Total Limit/Loans from Rs.3 Crore & above    
                             Having  Credit Rating A++  customer                       8.25%
                             Having  Credit Rating A+  customer                       9.00%
                             Having  Credit Rating A  customer                       9.25%
                             Having  Credit Rating B  customer        9.75%
                             Having  Credit Rating C  customer 10.50%
                             Having  Credit Rating D  customer        10.75%
                             Having  Credit Rating E  customer        11.50%
     [5]   TRADE AND INDUSTRIES     - ECLGS                                                                 [w.e.f. 07/12/2022] 8.60%
     [6] LOAN /O/D. AGST. EQ.MORT. OF EXISTING PROPERTY , RENT DISCOUNTING,
          LOAN/ O/D. AGST.  EQ.MORT. OF PROPERTY       [ CRE - Other than Business Purpose] 11.75%
     [7]   D A BILLS DISCOUNTING (Under L/C)   Upto 364 Days 7.50%
     [8]   HOUSING  Loan  [ Maximum Rs.140 /- Lac ] - Repayment Term - max. 20 years  
CIC Score >=700 Upto  35 Lac 8.00 %             Above 35 lac 8.25 %
CIC Score <700 Upto  35 Lac 8.25 %             Above 35 lac 8.75 %
     [9]   EDUCATIONAL
Secured Educational Loan -(Maximum Rs.20 lacs within India & Rs.40 Lacs outside India) 9.00%
Clean Educational Loan  [Maximum Rs.4 lacs] 9.50%
     [10]   CLEAN LOAN / PERSONAL CONSUMER LOANS/CLEAN CASH CREDIT 12.50%
     [11]   DOCTORs / MEDICAL INSTITUTE / Hospitals
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Below Rs.1/- Crore 9.50%
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.1/- Crore & below Rs.3 Crore  9.00%
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.3/- Crore &  Below Rs.5/- Crore 8.50%
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.5/- Crore &  Below Rs.7.50 crore 8.25%
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.7.50 Crore & above 7.50%
    [12]   MICRO CREDIT (Weaker Section) Not exceeding Rs.50000/- 11.00%
    [13]   LOAN /OD AGST. SOLAR POWER SYSTEM 
Loan against purchase of solar roof top power system domestic/commercial 9.00%
     [14]  LOAN /OD AGST. BANK  FDR - OWN FDR/ THIRD PARTY  FDR over rate 1.00%

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

Processing Fees : - Please refer Processing fees Circular dtd.01/06/2022

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