Loans Interest Rates

Loan Interest Rates

w.e.f. 20/06/2018

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%
10.25% to 11.75%
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 70% or more than rebate 0.25%
10.25%
11.00%
11.75%
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)
11.00% (No Rebate)
10.00% (No Rebat)
11.00%
Education Loan 10.50%
Housing Loan
Up to Rs.70 lacs – Fixed Rate
Up to Rs.25 lacs – Floating Rate
9.95%
8.95%
Two Wheeler Loan 12.00%
Four Wheeler Loan (New Vehicle) 9.75%
Four Wheeler Loan (Used) 11.00%
CNG Rikshaw Loan 13.50%
Eco-Friendly Vehicle Loan 13.50%
Cash Credit Property 12.00%
Rebate @ 1.00% p.a. if quarterly utilization is 60% or more
1 Crore & above limit if used quarterly for 60% or more than rebate 2.00%
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) 9.75%
All other secured loan (Plant & Machinery) To induviduals & others who do not have audited accounts &
do not fall within credit rating criteria.
11.00%
Loan to Professionals (only for equipments only) (Doctor,C.A, Advocate, Para-Medicals including Pathology Laboratory) 12.00%
Loan to Doctors 12.00%
Micro credit (weaker section) max.0.50 lac 11.00%
Bill Discounting under L/C 10.50%