with effect from 01/05/2023
Particulars | Rate |
[1] VEHICLE | |
Car Loan | |
CIC Score >=700 | 8.75% |
CIC Score <700 | 9.25% |
Loan agst Used Car | 12.50% |
Loan agst. Commercial Vehicle | 11.00% |
Loan agst. Two Wheeler | 10.00% |
[2] GOVT. SECURITY | |
Against N S C / K V P / Relief Bond (Govt.Securities) | 8.75% |
Against L.I.C. Policy | 8.75% |
[3] DEMAT SHARE - Against Demat Shares (Maximum Rs.10 Lacs) | 10.00% |
[4] TRADE AND INDUSTRIES - Business Finance | |
(a) [ Upto Rs.50/- Lacs- NO Rating & Less than 100 % Security ] | 10.50% |
(b) [ Limit Below Rs.1/- Crore - 100 % Security requird - Business Booster ] | 9.00% |
(c ) Rated Accounts :- | |
1. For Total Limit/Loans from Rs.50 Lakhs & below Rs.3 crore | as per rating |
Having Credit Rating A++ customer | 9.25% |
Having Credit Rating A+ customer | 10.00% |
Having Credit Rating A customer | 10.25% |
Having Credit Rating B customer | 10.75% |
Having Credit Rating C customer | 11.25% |
Having Credit Rating D customer | 11.50% |
Having Credit Rating E customer | 12.00% |
2. For Total Limit/Loans from Rs.3 Crore & above | |
Having Credit Rating A++ customer | 8.75% |
Having Credit Rating A+ customer | 9.25% |
Having Credit Rating A customer | 9.50% |
Having Credit Rating B customer | 10.00% |
Having Credit Rating C customer | 10.75% |
Having Credit Rating D customer | 11.00% |
Having Credit Rating E customer | 11.75% |
[5] TRADE AND INDUSTRIES - ECLGS [w.e.f. 08/02/2023] | 8.85% |
[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] | 12.25% |
[7] D A BILLS DISCOUNTING (Under L/C) Upto 364 Days | 8.00% |
[8] HOUSING Loan [ Maximum Rs.140 /- Lac ] - Repayment Term - max. 20 years | |
CIC Score >=700 | Upto 35 Lac 8.50 % Above 35 lac 9.00 % |
CIC Score <700 | Upto 35 Lac 8.75 % Above 35 lac 9.25 % |
[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] | 10.50% |
[10] CLEAN LOAN / PERSONAL CONSUMER LOANS/CLEAN CASH CREDIT | 13.00% |
[11] DOCTORs / MEDICAL INSTITUTE / Hospitals | |
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Below Rs.1/- Crore | 9.75% |
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.1/- Crore & below Rs.3 Crore | 9.25% |
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.3/- Crore & Below Rs.5/- Crore | 8.75% |
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.5/- Crore & Below Rs.7.50 crore | 8.50% |
Secured Advances to Doctors / Medical Institutes / Hospitals Providing Medical Treatments Rs.7.50 Crore & above | 8.00% |
[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 | 9.50% |
[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.
* For New customer rating shall be applicable on the basis of Audited Financials & subject to loan policy.