- Business Loan
- Hypothecation
- Pledge of goods
- Secured Cash Credit
- Industrial Loan
- Hypothecation
- Pledge of goods
- Secured Cash Credit
- Consumer Loan
- Hire Purchase
- Guaranteed Repayment Loan
- Loan against Gold & Silver
- Loan against Government Securities
- Loan against Immovable properties
- Secured Cash Credit
- Housing Loan
- Education Loan
| Interest Rates on Loans and Advances with effect from 01/05/2024 | ||||||||
| Sr.No. | Type of Loans & Advances | Applicable Interest Rates (Monthly) |
||||||
| Sr. No | Types of Loans & Advances |
Below Rs 50 lacs |
Rs 50 lacs to Below Rs 1 Cr |
Rs 1 Cr to Below 5 Cr |
Rs 5 Cr to Below 10 Cr |
Rs 10 Cr & above |
CIBIL Applicable |
|
| 1 | Hypothecation against Stock / Book Debt (General & SSI) |
11.75% |
11.00% |
10.00 % |
Yes |
|||
| 2 | Secured Cash Credit (All types of A/c excluding Sr. No. 6a, 10a & 11a) |
13.00% |
12.00% |
11.50% |
10.50% |
Yes |
||
| 3 | Secured WC Limit against Property (for Traders) |
13.00% | 11.50% | Yes |
||||
| 4 | Clean Cash Credit | 16.00% | Yes |
|||||
| 5 | Term Loan | |||||||
| a) Loan to SSI Unit | 9.00% | Yes |
||||||
| b) Loan to Other than SSI Unit (excluding Sr. No. 6) | Below Rs 5 Cr 9.50% |
Rs 5 Cr & above 9.00% |
Yes |
|||||
| c) Professional (other than Doctors) |
9.50% | Yes |
||||||
| d) Doctors (Project/HPL for Machinery, Multi Speciality Hospital etc) |
Below Rs 5 Cr 9.00% |
Rs 5 Cr to Below Rs. 10 Cr 8.50% |
Rs 10 Cr and above 8.00% |
Yes |
||||
| 6 | Loan to Builders and Developers | |||||||
| a) Limit Type | 15.75% | Yes |
||||||
| b) Project Loan (For commercial construction or purchase of shops) |
14.00% | Yes |
||||||
| c) Loan against Immovable Property | 14.00% | Yes |
||||||
| 7 | Loan against Immovable Property (Other than Builders & Developers) |
12.50% | Yes |
|||||
| 8 | Godown Construction (NABARD Scheme) | 11.00% | Yes |
|||||
| 9 | G.R. / Chintamukti / Chakragati Loan | 16.00% | Yes |
|||||
| 10 | Loan Against NSC/LIC policy | |||||||
| a) Limit Type | 13.50% | No |
||||||
| b) Fixed Loan | 9.00% | No |
||||||
| 11 | Loan Against Gold & Silver | |||||||
| a) Limit Type | 13.50% | No |
||||||
| b) Fixed / EMI / CC type Loan (without Chq. Book) |
9.50% | No |
||||||
| 12 | Loan against Property Rent | 12.00% | Yes |
|||||
| 13 | Educational Loan | 7.50% | Yes |
|||||
| 14 | Housing Loan (For personal purpose only) | |||||||
(Fixed Rate of Interest) |
9.50% | Yes |
||||||
(Floating Rate of Interest) |
9.00% | Yes |
||||||
(Single/own use) |
10.50% | Yes |
||||||
| 15 | Pledge | |||||||
(Limit) |
11.50% | Yes |
||||||
(Fixed) |
10.50% | Yes |
||||||
( Limit / Fixed ) |
9.50% | No |
||||||
|
12.00% | Yes |
||||||
| 16 | Hire Purchase Loan | a) Two / Three Wheeler & Others | 13.00% | Yes |
||||
| b) Four Wheelers (Car/Jeep/Comm. Vehicles) |
9.50% | Yes |
||||||
| 17 | Inland Bills Purchase / Hundi | 13.00% | Yes |
|||||
| 18 | Letter of Credit Discounting | 13.00% | Yes |
|||||
| 19 | Saur Urja Loan (For all Category) |
9.50% |
Yes |
|||||
| 20 | Loan against FDR | |||||||
| Loan against FDR (LAFDR) a) Deposit upto Rs. 4.99 Crores | 1.00% above FDR Rate |
No |
||||||
| Loan against FDR (LAFDR) b) Deposit of Rs. 5.00 Crores and above | 0.50% above FDR Rate |
No |
||||||
| 21 | Loan against Small Savings Scheme | 12.00% | No |
|||||
| 22 | Overdraft in Current Account | 17.00% | No |
|||||
| 23 | Bank Guarantee (if Revokes) | 16.00% | No |
|||||
Note:
| 1 | a) Penalty for Late/ Non submission of Stock Statement or Debtors list regularly (Submission due date is 15th of applicable month) For non Submission upto 15th day of month | 3.00% p.a. Penal Charges + 18.00% GSt will be Applicable on overdue amount (Charged on Monthly Frequency) and will not be capitalised w.e.f.01/04/2024 |
| b) Temporary overdraft in excess of sanctioned limit | ||
| c) Irregular accounts i.e. Overdue Loan, Overdue Installment,Interest Due, SMA-0, SMA-1, SMA-2, NPA Accounts etc. |
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