Interest Rate


Revised structure of interest rates of Loans & Advances (as on 23 October 2020)
Particulars Limit up to Rs. 9.99 lacs Limit from Rs. 10.00 lacs to Rs. 99.99 lacs Limit from Rs.
100.00 lacs and above
1) Cash Credit Min Max Min Max
10.75% 11.75% 1025% 11.25%
Stock, Debtors 12.25%
Grade Interest Grade Interest
On Credit Rating (No credit rating benefit) D 11.75% D 11.25%
C 11.50% C 11.00%
B 11.00% B 10.50%
A 10.75% A 10.25%
2) Facilities against property
Overdraft 11.75% 11.25% 10.75%
Term Loan 10.00% 10.00% 10.00%
Drop line O/D
10.75%
3) Loan for creating fixed
assets (and WCTL) 11.75% 11.25%
Purchase of office / shops /godown
etc including equipments, Plant & Machinery
-N.A.-
4) Personal loans/ OD against personal sureties
(inclusive of consumer loans) 11.50% -N.A.-
Maximum Rs. 3.00 lacs For Salary Deduction
11.00%
-N.A.-
-N.A.-
5) Housing loans General       8.00% -N.A.-
For Women
7.75%
Maximum Rs. 30.00 lacs
Above Rs. 30.00 lacs not permitted by RBI
-N.A.-
6) Vehicle Loans
90% of Vehicle cost 8.00% (Personal Use) -N.A.-
90% of Vehicle cost
Maximum Rs. 40.00 lacs
9.00% (Commercial)





8.00%


8.00%


10.00%
-N.A.- -N.A.-
7) Loans /OD against tangible
Securities
Maximum for LIC policies Rs. 25.00 lacs
Maximum for NSC Rs. 10.00 lacs
Maximum for Demat format Rs. 10.00 lacs
Marketable shares
(no physical format allowed)
-N.A.-
8) Education loan
9.00% -N.A.-
Maximum Rs. 20.00 lacs
-N.A.-
9) UNDER MWF -N.A.-
5.00% -N.A.-
Maximum For Medical Rs. 2.00 lacs -N.A.-
Maximum For Education Rs. 5.00 lacs