| Loan Interest Rates with effect from 01/04/2023 |
| S.No |
Type of Loan |
Interest Rates |
Rebate for Regular Repayment |
|
Benchmark Prime Lending Rate (BPLR) |
12% |
|
| 1 |
Loan / Overdraft against Term Deposit |
|
i) Below Rs. 1.00 Crore |
1% more than the rate of interest applicable to Term Deposit. |
No Rebate |
|
ii) Rs.1.00 crore and up to Rs.5.00 crore (Loan/OD Limit)- |
0.75% more than the rate of interest applicable to Term Deposit |
No Rebate |
| |
iii) Rs.5.00 crore and above (Loan/OD Limit)- |
0.50% more than the rate of interest applicable to Term Deposit |
No Rebate |
| |
iv) Interest Rate on Loan against Daily Saving Account |
Int. Rate on Daily Saving A/c + 1% |
No Rebate |
| 2 |
Loans /Overdraft Against Third party Deposit |
2% More than the rate of interest applicable to Term Deposit. |
No Rebate |
| 3 |
A - Secured Personal Loan |
|
i) 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% |
No Rebate |
|
ii) 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% |
No Rebate |
| |
iii) 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% |
No Rebate |
|
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. |
|
B-Unsecured Personal Loan |
|
i) 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% |
No Rebate |
|
ii) USPL- A Group of companies declared by SEBI, companies approved by Board & confirmed ECS/ NACH/ ACH is available |
14.00% |
No Rebate |
|
C - Unsecured Personal Loan and other Secured Personal Loan |
|
i) EMIUPL :- All borrowers other than 3-A & 3-B |
15.50% |
No Rebate |
|
ii) UNDSPL :- |
12.50% |
No Rebate |
|
iii) UNEMISPL/UNSPL :- |
13.50% |
No Rebate |
|
Loans under 3-B & 3-C 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) |
|
i) 10.50% |
No Rebate |
| 5 |
Gold Loans and Overdraft facility against Gold |
9.00% |
No Rebate |
| 6 |
Loan / Overdraft against LIC/ NSC/ KVP and other Trustee securities |
9.75% |
No Rebate |
| 7 |
Loan against Shares/ Debentures / Bonds |
15.00% |
No Rebate |
| 8 |
All Type of Term Loans/ Cash Credit / Bill discounting |
|
A) up to 50 Lakh |
i)Priority Sector = 11.00%
ii)Non- Priority Sector = 12.00% |
No Rebate |
|
B) Above 50 Lakh |
i)Priority Sector = 12.00%
ii)Non- Priority Sector = 13.00% |
No Rebate |
|
C) Priority Sector |
Above Rs.50 lakh= if credit rating is undertaken interest rate as below |
|
|
| Rating |
Marks |
BPLR = 12.00% |
Interest Rates |
Rebate |
| AAA |
85 & above |
BPLR-2.00% |
10.00% |
0.50% |
| AA |
80 to 84 |
BPLR-1.50% |
10.50% |
0.50% |
| A |
75 to 79 |
BPLR-1.00% |
11.00% |
0.50% |
| BBB |
70 to 74 |
BPLR-0.50% |
11.50% |
0.50% |
| BB |
65 to 69 |
BPLR-0.00% |
12.00% |
0.50% |
|
|
|
D) Non-Priority Sector |
Above Rs.50 lakh= if credit rating is undertaken interest rate as below |
|
|
| Rating |
Marks |
BPLR = 12.00% |
Interest Rates |
Rebate |
| AAA |
85 & above |
BPLR-1.50% |
10.50% |
0.50% |
| AA |
80 to 84 |
BPLR-1.00% |
11.00% |
0.50% |
| A |
75 to 79 |
BPLR-0.50% |
11.50% |
0.50% |
| BBB |
70 to 74 |
BPLR-0.00% |
12.00% |
0.50% |
| BB |
65 to 69 |
BPLR+0.50% |
12.50% |
0.50% |
| B |
60 to 64 |
BPLR+1.00% |
13.00% |
0.50% |
|
E) |
New Loans sanctioned above Rs.50 Lakh & existing Loans of above Rs.50 Lakh in which credit rating is not undertaken
a) Priority Sector: - @12.00%
b) Non-Priority Sector:- @13.00% |
0.50% Rebate | |
|
| 9 |
Loans to Educational Institutions and Hospitals owned by Public Trusts |
11.50% |
No Rebate |
| 10 |
Professional Loans to Doctors
(Purchase of Premises for Dispensary, Hospital & Hospital Equipment) |
|
i)New loan |
11.00% |
No Rebate |
|
ii)Old Loans |
As Per Credit Rating(Sr.No.8-C) |
No Rebate |
| 11 |
Higher Education Loan |
i) Loan upto Rs.20.00 Lakhs
(Priority Sector) @ 10.50%
ii) ii)Loan above Rs.20.00 Lakhs
(Non-Priority Sector) @ 11.00% |
No Rebate |
| 12 |
|
|
House/ Shop Repairing / Renovation upto (With Mortgage of House/Shop)(Maximum Loan Limit Rs.10 Lakh) |
11.00% |
No Rebate |
| 13 |
Advance to Builders and Developers |
i) Priority Sector:- @ 13.00%
ii) Non- Priority Sector :- @ 14.00% |
No Rebate |
| 14 |
Advance to Govt. and Other Civil Contractors |
i) Priority Sector:- @ 12.50%
ii)Non- Priority Sector:- @ 13.00% |
No Rebate |
| 15 |
Property Mortgage Loans (Maximum Limit Rs.300 Lakh) |
13.00% |
No Rebate |
| 16 |
T.O.D. & Cheque Purchase Facility |
17.50% |
No Rebate |
| 17 |
Consortium Advance |
As fixed by the consortium participants from time to time |
No Rebate |
| 18 |
Advance Against Premises taken on Rent by our bank |
As per contracted rate mentioned in the Agreement or 13.00% whichever is less |
No Rebate |
| 19 |
Member Housing Loan ( Floating) |
| i) |
Up To Rs. 35/- Lakh (Priority Sector) |
9.00% |
No Rebate |
| ii) |
Above Rs. 35/- Lakh to upto Rs. 50/- Lakh (Non- Priority Sector) |
9.25% |
No Rebate |
| iii) |
Above Rs. 50/- Lakh to upto Rs. 140/- Lakh (Non- Priority Sector) |
9.50% |
No Rebate |
| 20 |
Loan against Rent receivable |
12.50% |
No Rebate |
| 21 |
Overdraft against property mortgage |
13.00% |
No Rebate |