Interest Rates on Advances (w.e.f. 1-August-2017)

Sr.No. Nature of Facility /Advance Rate Of Interest
1 Cash Credit
12-15%
2 Term Loan 12%
3 Term Loan availed for Revenue Expenses i.e. Repayment of Debts / Marriage 15%
4 Term Loan against. Mortgage of Property to Builders/Developers for commercial real estate 16.50%
5 Overdraft Against. Mortgage of Property for business purpose 12% -15%
6 Unsecured Loan (including personal loans u/s 49 of MCS Act.) 16.50%
7 Gold Loan 11.00%
8 Vehicle Loan – Private Vehicle 10.50%
9 Vehicle Loan – Comm. Vehicle 15.00%
10 Vehicle Loan for Passenger Vehicle (Cars Only) w.e.f. 01.02.2017 11.00%
11 (a) Housing Loan bellow & upto Rs. 25 Lakhs 9.50%
11 (b) Housing Loan above Rs. 25 lakhs 10.50%
12 Loan/Overdraft against Own Term deposits  
12 (a) Advance when granted to Depositor himself/herself for purpose of Education For Against deposit Loans above Rs.50 lacs, 0.50% above the rate allowed on deposit
12 (b) Advance when granted to Depositor himself/herself for any other purpose other than Education For Against deposit Loans above Rs.50 lacs, 0.75% above the rate allowed on deposit
12 (c) Advance when granted to Depositor himself/herself for any other purpose including Education For Against deposit Loans up to Rs.50 lacs, 1% above the rate allowed on deposit
13 Loan/Overdraft against Third Party term deposits 2% above the deposit rate
14 Advance through Auto Agents 11.00%
15 Advance fully secured against Govt. securities.(Surrender value of LIC & FACE VALUE OF NSC 12.00%
16 Advance against Stock Exchange Securities 16.00%
17 Demand Loan/TOD 19.00%
18 Vidya Loan 12.00%

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