Loans Interest Rates

Loan Interest Rates

w.e.f. 01/01/2018

Loan Type Rates
Cash Credit against Stock, book debts / bills limit as per present credit Rating.
(a) Up to 5.0 lac
(b) limit above 5.00 lac
10.50%
10.00% to 11.50%
Credit Rating
(1) 75% and above
(2) 50% to less than 75%
(3) Less than 50%
Less: (i) 0.25% if collarteral security is 50% or more of the Limit.
(ii) 0.50% if collarteral security is 100% or more of the Limit.
(iii) 1 crore & above limit if used quarterly for 60% to 80% than rebate 0.25% And used above 80% than rebate 0.50%
10.00%
10.75%
11.50%
Clean Cash/Credit/Personal Loan 15.00% *
Advance against Shares
Advances against Government Securities above 100 lacs
Up to 100 lacs (if quarterly utilization is 70% or more give 0.50% rebate)
10.50% (No Rebate)
9.75% (No Rebat)
11.00%
Education Loan 10.00%
Housing Loan (Above Rs.25 lacs)
(Upto Rs.25 lacs) For Men
For Women
9.50 %
8.50%
8.25%
Two Wheeler Loan 12.00%
Four Wheeler Loan 8.50% (less than 20 lac)
8.25% (20 lac to less than 75 lac)
8.00% (75 lac and above)
Four Wheeler Loan (Used) 10.50%
CNG Rikshaw Loan 13.50%
Eco-Friendly Vehicle Loan 13.50%
Cash Credit Property 12.00%
Rebate @ 2.00% p.a. if quarterly utilization is 60% or more
1 Crore & above limit if used quarterly for 60% or more than rebate 3.00%
Loan – property 11.00%
Commercial Vehicle Loan
(Taxi & other transport vehicles)
(Passenger vehicle 10 seater & more)
11.50%
10.00%
All other Commercial Purpose Loan (except car, scooter) to (other Then individual) having Audited Accounts)
(Based on credit rating as per criteria Annexure-1)
9.25% to 9.75%
All other secured loan (Plant & Machinery) To induviduals & others who do not have audited accounts &
donot fall within credit rating criteria.
11.00%
Loan to Professionals (only for equipments only) (Doctor,C.A, Advocate, Para-Medicals including Pathology Laboratory) 10.00%
Loan to Doctors 10.75%
Micro credit (weaker section) max.0.50 lac 11.00%
Bill Discounting under L/C 10.50%