Sr.

Type of Loan

*Interest Rates with effect from 22nd July, 2024

Benchmark Prime Lending Rate (BPLR)

12.00%

1

Loan / Overdraft against Term Deposit

a) Below Rs. 1.00 Crore 1% more than the rate of interest applicable to Term Deposit.

b) Rs.1.00 crore and above but less than Rs.4.00 crore (Loan/OD Limit) = 0.75% more than the rate of interest applicable to Term Deposit

c) Rs.4.00 crore and above (Loan/OD Limit) = 0.50% more than the rate of interest applicable to Term Deposit

d) Interest Rate on Loan against Daily Saving Account =Interest Rate on Daily Saving A/c + 1%

2

Loans / Overdraft against Third Party Deposit

a) Below Rs.4.00 Crore 2.00% more than the rate of interest applicable to Term Deposit.

b) Rs.4.00 Crore & above 0.50% more than the rate of Interest applicable to term Deposit.

3

i) Secured Personal Loan- Floating Rate

(a)DSPL:-

Group of 50 or above employed with State Govt. or Semi State Govt. bodies including Municipal Corp., Municipal Council & Undertaking from employer to Remit full salary or EMI Directly Deducted from salary.

12.50%

(b)EMISPL:-

Group of 50 or above employed with A-Group Company declared by SEBI & Borrowers employed with BEST & Undertaking from employer to remit full salary or EMI Directly Deducted from salary

13.50%

(c)SPL:-

Less than 50 employees, employed with State Govt. & Semi State Govt. bodies, A-Group Company declared by SEBI, Companies approved by Board and undertaking from employer to remit full salary or EMI Directly deducted from salary.

13.50%

ii) Secured Personal Loan- Fixed Interest

(d)FRDSPL:-

Group of 50 or above employed with State Govt. or Semi State Govt. bodies including Municipal Corp., Municipal Council & Undertaking from employer to Remit full salary or EMI Directly Deducted from salary.

10.00%

(e) FREMISPL:-

Group of 50 or above employed with A-Group Company declared by SEBI & Borrowers employed with BEST & Undertaking from employer to remit full salary or EMI Directly Deducted from salary.

10.00%

(f) FRSPL:-

Less than 50 employees, employed with State Govt. & Semi State Govt. bodies, A-Group Company declared by SEBI, Companies approved by Board and undertaking from employer to remit full salary or EMI Directly deducted from salary.

10.00%

Note: - CRAR of the Bank is being above 12%, Bank has decided to take Share Capital for Secured Personal Loans of above three category borrowers of Rs.1000/- irrespective of loan amount.

iii) Unsecured Personal Loan- Floating Rate

(a)   USPL:-

All employees of, Central Govt., Central Public sector undertaking who are not covered under section 49 of MSCS act 1960 and undertaking from employer to remit full salary or EMI directly deducted from salary or confirmed ECS/NACH/ACH.

14.00%

(b) USPL:-

A Group companies declared by SEBI, companies approved by Board & confirmed ECS/ NACH/ ACH is available)

14.00%

iv) Unsecured Personal Loan and other Secured Personal Loan- Floating Rate

EMIUPL:-All borrowers other than 3(i) ,(ii) & (iii)

15.50%

v) Unsecured Personal Loan- Floating Rate

UNDSPL

12.50%

vi) Unsecured Personal Loan- Floating Rate

UNEMISPL/UNSPL

13.50%

Loan Disburse to Relatives of Employees mentioned in Description *3 (ii)(a), (b), (c)

FRUNDSPL

10.00%

FRUNEMISPL / FRUNSPL

10.00%

Loans under 3(ii), (iii), (iv) &(v) above to be shown as unsecured for the purpose of ascertaining exposure to total unsecured advances

4

New Vehicle:-

Two Wheelers & Four Wheelers

(personal / commercial use) - Floating Rate

10.50%

5

Gold Loans and Overdraft Facility against Gold - Floating Rate

9.00%

6

Loan / Overdraft against LIC/ NSC/ KVP and Other Trustee Securities - Floating Rate

9.75%

7

Loan against Shares/ Debentures/Bonds - Floating Rate

15.00%

8

All types of Term Loans / Cash Credit / Bill Discounting

A) up to Rs. 50.00 lakh

Priority Sector = 11.00%

Non- Priority Sector = 12.00%

B) without credit rating: - Above to Rs.50.00 lakh

Priority Sector = 12.00%

Non -Priority Sector = 13.00%

C) Priority Sector: -

Above Rs.50 lakh = if Credit Rating is undertaken interest rate as below

D)  Non- Priority Sector: -

Above Rs.50.00 lakh = if Credit Rating is undertaken interest rate as below

a. Priority Sector: - @12.00%
b. Non-Priority Sector: - @13.00%

10

i) New loan = 11.00%

ii) Old Loans = As Per Credit Rating (Sr.No.8-C)

11

Higher Education Loan - Floating Rate

i) Loan up to Rs.20.00Lakhs-(Priority Sector) @ 10.50%

ii)Loan above Rs.20.00 Lakhs-(Non-Priority Sector) @ 11%

12

House/ Shop Repairing / Renovation up to (With Mortgage of House/Shop)

(Maximum Loan Limit Rs.10 Lakh) - Floating Rate

11.00%

13

Advance to Builders & Developers - Floating Rate

i) Priority Sector: - @ 13.00%

ii) Non- Priority Sector: - @ 14.00%

14

Advance to Govt.& Other Civil Contractors - Floating Rate

i) Priority Sector: - @ 12.50%

ii) Non- Priority Sector: - @ 13.00%

15

Property Mortgage Loans

(Maximum Limit Rs.300.00 Lakh) - Floating Rate

13.00%

16

TOD & Cheque Purchase facility

17.50%

17

Consortium Advance

As fixed by the consortium participants from time to time

18

Advance against Premises taken on Rent by our Bank - Floating Rate

As per contracted rate mentioned in the Agreement or 13.00% whichever is less

19

Member Housing Loan (Floating)

General

(Other than Ladies)

Gruhalaxmi Home Loan (for Ladies)

i) Up to Rs. 35/- Lakh (Priority Sector)

9.00%

8.75%

ii) Above Rs. 35/- Lakh to Rs. 50/- Lakh (Non- Priority Sector)

9.25%

9.00%

iii) Above Rs. 50/- Lakh to Rs. 140/- Lakh (Non- Priority Sector)

9.50%

9.25%

20

Loan against Rent Receivable - Floating Rate

12.50%

21

13.00%