| RATE OF INTEREST – LOANS AND ADVANCES Effective Date : 01-06-2024 |
||
|---|---|---|
| Sr. No. | Product Description | Rate of Interest |
| 1 | Machinery Loan – TUF / Non TUF | |
| Upto 40 Lakh | 8.50% | |
| 40 Lakh to 100 Lakh | 8.75% | |
| Above 100 Lakh | 9.00% | |
| Machinery Loan – PMEGP / SCLCSS | 9.00% | |
| 2 | Cash Credit Limit | 9.50% |
| 3 | Working Capital Term Loan | 9.50% |
| 4 | Retail Trade Loan / Hypo. Term Loan (Upto 10 Lakh) | 8.50% |
| 5 | Education Loan (India / Overseas) | |
| Upto 40 Lakh | 8.00% | |
| 40 Lakh to 100 Lakh | 9.00% | |
| Above 100 Lakh | 9.50% | |
| For Girls (0.50% Less) | ||
| 6 | Housing Loan | |
| Upto 40 Lakh | 8.25% | |
| Above 40 Lakh | 8.75% | |
| 7 | Loan to Professionals (F.F.P. Scheme) | |
| Upto 40 Lakh | 8.00% | |
| Above 40 Lakh | 8.50% | |
| 8 | Vehicle Loan | |
| Vehicle Loan (F.F.P. Scheme Incl.) | 8.00% | |
| Electrical Vehicle (Electric / CNG) | 7.50% | |
| 9 | Mahila Sarvangi Vikash Yojana | 8.50% |
| 10 | Consumer Loan | 11.00% |
| 11 | Overdraft / Loan against F.D. / R.D. | 1% More than FD Rate |
| 12 | Renewable Energy Hypo. Term Loan | |
| Residence – Upto 10 Lakh | 8.00% | |
| Residence – 10 Lakh to 15 Lakh | 8.50% | |
| Commercial – Upto 40 Lakh | 8.50% | |
| Commercial – Above 40 Lakh | 9.00% | |
| 13 | Gold Loan | 8.50% |
| 14 | Loan / Overdraft against Govt. Security (NSC, KVP, LIC) | 9.50% |
| 15 | Loan against Immovable Property | 10.50% |
| 16 | Overdraft against Immovable Property | 10.50% |
| 17 | Overdraft / Loan – Commercial Real Estate | 13.00% |