| Loan Interest Rates with effect from 15th Jan, 2021 |
| S.No |
Type of Loan |
Interest Rates |
Rebate for Regular Repayment |
|
|
Rate of Interest w.e.f. 15/01/2021 |
|
|
Benchmark Prime Lending Rate (BPLR) |
12.50% |
|
| 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 above (Loan/OD Limit) |
0.75% more than the rate of interest applicable to Term Deposit. |
No Rebate |
| |
iii) Interest Rate on Loan against Daily Saving Account |
Int Rate on Daily Saving A/C + Daily Saving Agent commission + 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. |
11.50% |
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. |
12.50% |
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 |
12.50% |
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. |
13.00% |
No Rebate |
|
ii) USPL- A Group of companies declared by SEBI, companies approved by Board & confirmed ECS/ NACH/ ACH is available |
13.00% |
No Rebate |
|
C - Unsecured Personal Loan and other Secured Personal Loan |
|
i) EMIUPL :- All borrowers other than 3-A & 3-B |
15.00% |
1% 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) 11.00% |
1% Rebate |
|
ii) For existing Borrowers enjoying cash credit,housing loan,property loan, etc. (Vehicle for personal use) |
10.00% |
1% Rebate |
| 5 |
Gold Loans and Overdraft facility against Gold |
8.50% |
No Rebate |
| 6 |
Loan / Overdraft against LIC/ NSC/ KVP and other Trustee securities |
9.25% |
No Rebate |
| 7 |
Loan against Shares/ Debentures / Bonds |
15.00% |
No Rebate |
| 8 |
All Type of Term Loans/ Cash Credit / Bill discounting |
|
i) up to 25 Lakh |
12.00% |
1% Rebate |
|
ii) Above 25 Lakh |
As per credit rating |
|
|
| Rating |
Marks |
BPLR = 12.50% |
Interest Rates |
Rebate |
| AAA |
85 & above |
BPLR-2.50% |
10.00% |
0.50% |
| AA |
80 to 84 |
BPLR-2.00% |
10.50% |
0.50% |
| A |
75 to 79 |
BPLR-1.50% |
11.00% |
0.50% |
| BBB |
70 to 74 |
BPLR-1.00% |
11.50% |
0.50% |
| BB |
65 to 69 |
BPLR-0.50% |
12.00% |
0.50% |
| B |
60 to 64 |
BPLR-0.00% |
12.50% |
0.50% |
| C |
55 to 59 |
BPLR+0.50% |
13.00% |
0.50% |
| D |
50 to 54 |
BPLR+1.00% |
13.50% |
0.50% |
| E |
Below 50 |
BPLR+1.50% |
14.00% |
No Rebate |
| F |
Below 40 |
Loan Proposal Not Acceptable (Existing Loan @15%) |
|
|
|
New Loans sanctioned above Rs.25 Lakh & existing Loans of above Rs.25 Lakh in which credit rating is not undertaken @12.50% |
0.50% Rebate | |
|
| 9 |
Loans to Educational Institutions and Hospitals owned by Public Trusts |
12.00% |
1.00% Rebate |
| 10 |
Professional Loans to Doctors
(Purchase of Premises for Dispensary, Hospital & Hospital Equipments) |
|
i) Loans Upto Rs. 2 Crore |
10.50% |
0.50% Rebate |
|
ii) Loans Above Rs. 2 Crore |
As Per Credit Rating(Sr.No.8) |
0.50% Rebate |
| 11 |
Higher Education Loan |
10.50% |
0.50% Rebate |
| 12 |
|
|
House/ Shop Repairing / Renovation upto Rs. 5.00 lakh |
If Hsg. Loan with our Bank = Hsg. Loan Int. Rate + 2% |
0.50% Rebate |
|
(With Mortgage of House/Shop)(Maximum Loan Limit Rs.10 Lakh) |
If Hsg. Loan is not with our Bank = 12.00% |
0.50% Rebate |
| 13 |
Advance to Builders and Developers |
14.00% |
1.00% Rebate |
| 14 |
Advance to Govt. and Other Civil Contractors |
12.50% |
1.00% Rebate |
| 15 |
Property Mortgage Loans (Maximum Limit Rs.300 Lakh) |
12.00% |
0.50% Rebate |
| 16 |
T.O.D. & Cheque Purchase Facility |
17.00% |
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 12.00% whichever is less |
No Rebate |
| 19 |
Member Housing Loan ( Floating) |
| i) |
Up To Rs. 25.00 Lakh |
8.50% |
0.50% Rebate |
| ii) |
Above Rs. 25.00 Lakh to upto Rs. 50.00 Lakh |
8.75% |
0.50% Rebate |
| iii) |
Above Rs. 50.00 Lakh to upto Rs. 70.00 Lakh |
9.00% |
0.50% Rebate |
| 20 |
Loan against Rent receivable |
12.00% |
1.00% Rebate |
| 21 |
Overdraft against property mortgage |
12.50% |
0.50% Rebate |