| Loan Interest Rates with effect from 1st Nov, 2020 |
| S.No |
Type of Loan |
Rate of Interest w.e.f 01/11/2020 |
|
Benchmark Prime Lending Rate (BPLR) |
13.00% |
| 1- |
Loan /Overdraft Against Term Deposit |
1% More than the rate of interest applicable to Term Deposit. |
| 2- |
Loans /Overdraft Against Third party Deposit |
2% More than the rate of interest applicable to Term Deposit. |
| 3- |
A-Secured Personal Loan |
|
i) Group 50 or above employed with government or semi government bodies including Municipal Corp., Municipal Council & Undertaking from employer to Remit Full salary or EMI Directly Deducted from salary |
11.50% |
|
ii) Group 50 or above employed with A-group Railways, BEST, MTNL & Undertaking from employer to Remit Full salary or EMI Directly Deducted from salary |
12.50% |
| |
iii) Less than 50 employees ,employed with Govt. & Semi Govt. bodies, A-group Company declared by SEBI. Companies approved by Board and undertaking from employer remit full salary or EMI directly Deducted from salary or Confirmed ECS/NACH/NEFT. |
12.50% |
| 3- |
B-Unsecured Personal Loan |
|
USPL-All employes 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 . |
13.00% |
|
USPL- A Group companies declared by SEBI , Companies Approved by Board & Confirmed ECS/NACH/ACH is available. |
13.00% |
|
EMIUPL-All borrowers other than 3 (A) & (B) |
15.00% |
| 4- |
New Vehicle- Two Wheelers & Fours Wheelers (personal & Commercial use) |
11.00% |
| 5- |
Gold Loans and Overdraft facility against Gold |
8.75% |
| 6- |
Loan / Overdraft against LIC/NSC/KVP and other trustee securities |
9.25% |
| 7- |
Loan against Shares/ Debentures / Bonds |
15.00% |
| 8- |
All Type of Term Loans/Cash Credit / Bill discounting |
|
i) up to 25 Lakh = 12.50%
ii) Above 25 Lakh = as per creadit rating
| Rating |
Marks & above |
PLR |
Intrest Rate |
Rebate |
| AAA |
Marks 85 & Above & above |
-2.50% |
10.50% |
0.50% |
| AA |
Marks 80 to 84 & |
-2.00% |
11.00% |
0.50% |
| A |
Marks 75 to 79 & |
-1.50% |
11.50% |
0.50% |
| BBB |
Marks 70 to 74 & |
-1.00% |
12.00% |
0.50% |
| BB |
Marks 65 to 69 & |
-0.50% |
12.50% |
0.50% |
| B |
Marks 60 to 64 & |
0.00% |
13.00% |
0.50% |
| C |
Marks 55 to 59 & |
+0.50% |
13.50% |
0.50% |
| D |
Marks 50 to 54 & |
+1.00% |
14.00% |
0.50% |
| E |
Marks Below 50 & |
+1.50% |
14.50% |
No Rebate |
| F |
Marks Below 40 & |
Loan Proposal Not Acceptable (Existing Loan @15%) |
No Rebate | (Above Loan rating as per Loan Department Credit rating policy circular No. 16 (2015-16) dated 1/06/2015)
iii) New Loan sanctioned above Rs.25 Lakh & existing Loan of above Rs.25 Lakh in which credit rating is not undertaken @13.00% |
| 9- |
Loans to Educational Institutions and Hospitals owned by Public Trusts |
12.50% |
| 10- |
Professional Loans to Doctors
(Purchase of Premises for Dispensary, Hospital & Hospital Equipments) |
i) Loan Upto 2 Crore= 11.00%
ii) Loan Above Rs.2 Crore= As per Credit Rating (Sr. No.8) |
| 11- |
Higher Education Loan |
11.00% |
| 12- |
House Repairs / renovation
(In case direct deduction from employee) |
i) If mortgage of house or flat with our Bank = Hsg. Loan Rate+2%
ii) With mortgage (If Hsg. Loan is not with our Bank)= 12.50% (Maximum Loan Limit Rs. 10.00 Lakh) |
| 13- |
Advance to Builders and Developers |
14.00% |
| 14- |
Advance to Govt. & Other Civil Contractors |
13.00% |
| 15- |
Property Mortgage Loans |
12.50% (Maximum Limit Rs.300 Lakh) |
| 16- |
T.O.D. & Cheque Purchase Facility |
17.00% |
| 17- |
Consortium Advance |
As fixed by the consortium participatants from time to time |
| 18- |
Advance Against Premises |
As per contracted rate mentioned in the Agreement or 12.50% whichever is less |
| 19- |
Member Housing Loan ( Floating) |
| a- |
Up To Rs. 25.00 Lakhs |
8.75% |
| b- |
Above Rs. 25.00 Lakhs to upto Rs. 50.00 Lakhs |
9.00% |
| c- |
Above Rs. 50.00 Lakhs to upto Rs. 70.00 Lakhs |
9.25% |
| 20- |
Loan against Rent receivable |
12.00% |