Loan Interest Rates
|
Sr. No |
Size and type of loans and advances |
GL code |
interest rate structure 01-03-2023 |
|
|
(1) |
housing loan |
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||
|
( A ) Building construction / flat purchase / house purchase , expansion , alteration and finishing work . |
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||
|
|
(On loan accounts till date 04-11-2021 –) |
|||
(i) up to 5 years |
189 |
10.00% |
||
(ii) Loans above 5 years) |
190 |
9.50% |
||
(On loans disbursed from 05-11-2021) |
||||
(i) up to 5 years |
189 |
09.00% |
||
(ii) Loans above 5 years) |
190 |
08.50% |
||
|
( B ) Plot purchase / shopping complex / shop purchase |
|
||
|
|
(On loan accounts disbursed up to 04-03-2018 –) |
|||
(i) up to 5 years |
179 |
11.50% |
||
(ii) more than 5 years |
180 |
12.00 % |
||
|
( b ) Building repair / building construction and finishing work. |
|
||
|
|
(On loan accounts disbursed up to 04-03-2018 –) |
|||
(i) up to 5 years |
179 |
10.50% |
||
(ii) more than 5 years |
180 |
10.00 % |
||
|
( B ) ( i ) Plot purchase / shop purchase / shopping complex construction / building repair / building construction and finishing ( in which construction is not allowed )/ - |
||||
|
(On loans disbursed from 05-03-2018 to 04-11-2021) |
||||
(i) up to 5 years |
179 |
10.50% |
||
(ii) more than 5 years |
180 |
10.00 % |
||
(On loans disbursed from 05-11-2021) |
||||
(i) up to 5 years |
179 |
09.50% |
||
(ii) more than 5 years |
180 |
09.00% |
||
|
( c ) Building construction / flat purchase / house purchase ( permitted ) _ |
|
||
|
|
(i) 63 months and above (loans disbursed from 10-11-2015 to 31-01-2017) |
219 |
9.50% |
|
|
(ii) 63 months and above (loan disbursed from 01-02-2017 to 04-06-2017) |
219 |
9.00% |
||
|
(iii) 63 months and above (loan disbursed from 05-06-2017 to 17-06-2020) |
|
|||
i) For male category |
219 |
8.50% |
||
(ii) for the female category |
223 |
8.35% |
||
|
(iv) 63 months and above (loan disbursed from 18-06-2020 to 31-01-2021) |
||||
i) For male category |
219 |
7.50% |
||
(ii) for the female category |
223 |
7.35% |
||
|
(v) 63 months and above (loan disbursed from 01-02-2021 to 31-10-2022) |
||||
i) For male category |
219 |
6.75% |
||
(ii) for the female category |
223 |
6.75% |
||
|
(vi) 63 months and above (loan disbursed from 01-11-2022 to 28-02-2023) |
||||
i) For male category |
219 |
7.50% |
||
(ii) for the female category |
223 |
7.50% |
||
|
(vii) 63 months and above (loan disbursed from 01-03-2023) |
||||
i) For male category |
219 |
8.50% |
||
(ii) for the female category |
223 |
8.50% |
||
2 |
business loan |
|
||
|
|
(i) Cash Credit Limit |
|
||
(a) up to 27-07-2022 |
||||
(i) Rs. Upto 10,00,000 /- |
175,221 |
9.50% |
||
|
(ii) Rs. 10,00,000 /- above and Rs. less than 1.00 crore |
175,221 |
10.00% |
||
(iii) Rs. 1.00 crore and above |
175,221 |
10.00% |
||
|
(B) Applicable from 28-07-2022 to 28-02-2023 |
||||
(i) Rs. Upto 10,00,000 /- |
175,221 |
9.50% |
||
|
(ii) Rs. 10,00,000 /- above and Rs. less than 50 lakhs |
175,221 |
9.75% |
||
(iii) Rs. 50 lakh and above |
175,221 |
9.00% |
||
(c) New rates applicable from 01-03-2023 |
||||
(i) Rs. Upto 5,00,000 /- |
175,221 |
9.00% |
||
|
(ii) Rs. 5,00,001/- to Rs. Upto 10,00,000 /- |
175,221 |
9.50% |
||
|
(iii) Rs. 10,00,001 /- and above Rs. less than 50 lakhs |
175,221 |
9.75% |
||
(iv) Rs. 50 lakh and above |
175,221 |
9.00% |
||
|
|
(ii) over year account |
|
||
(a) up to 27-07-2022 |
||||
(i) Rs. Upto 10,00,000 /- |
176,220 |
10.00% |
||
|
(ii) Rs. 10,00,000 /- above and Rs. less than 1.00 crore |
176,220 |
10.50% |
||
(iii) Rs. 1.00 crore and above |
176,220 |
10.00% |
||
|
(B) Applicable from 28-07-2022 to 28-02-2023 |
||||
(i) Rs. Upto 10,00,000 /- |
176,220 |
10.00% |
||
|
(ii) Rs. 10,00,000 /- above and Rs. less than 50 lakhs |
176,220 |
10.25% |
||
(iii) Rs. 50 lakh and above |
176,220 |
9.50% |
||
(c) New rates applicable from 01-03-2023 |
||||
(i) Rs. Upto 5,00,000 /- |
176,220 |
9.50% |
||
|
(ii) Rs. 5,00,001/- to Rs. Upto 10,00,000 /- |
176,220 |
10.00% |
||
|
(iii) Rs. 10,00,001 /- and above Rs. less than 50 lakhs |
176,220 |
10.25% |
||
(iv) Rs. 50 lakh and above |
176,220 |
9.50% |
||
|
||||
|
(iii) Term loan for business ( Term loan for vehicle , machinery and business ) |
|
|||
|
|
(A) Applicable from 28-07-2022 to 28-02-2023 |
|||
i) Rs. Upto 10.00.000/- |
178, 181,222 |
9.50% |
||
|
ii) Rs. Above Rs.10,00,000/- and less than Rs.50 Lakhs |
178, 181,222 |
9.75% |
||
iii) Rs. 50 lakhs and above |
178, 181,222 |
9.00% |
||
(B) New rates applicable from 01-03-2023 |
|
|||
(i) Rs. Upto 5,00,000 /- |
178, 181,222 |
09.00% |
||
|
(ii) Rs. 5,00,001/- to Rs. Upto 10,00,000 /- |
178, 181,222 |
09.50% |
||
|
(iii) Rs. 10,00,001 /- and above Rs. less than 50 lakhs |
178, 181,222 |
09.75% |
||
(iv) Rs. 50 lakh and above |
178, 181,222 |
09.00% |
||
|
Special package on setting up new manufacturing unit / industry ( applicable from 05.06.2017 to 31.03.2018 ) |
|
||
|
|
(a) Loan limit up to a maximum amount of 2 crores |
|
||
i) For plant and machinery |
178, 181 |
10. 50% |
||
ii) For working capital |
175, 176 |
10.50% |
||
(3) |
Battery Operated Self-propelled Vehicle - E - Rickshaw |
|
|
|
|
Battery Operated Self Propelled Vehicles - E-Rickshaw |
224 |
10.00% |
|
(4) |
Vehicle Loan for Personal Use |
|
||
|
( a ) Four wheeler loan _ |
|
||
|
|
a) Four wheeler |
191 |
10.50% |
|
|
b) Four Wheeler Loans disbursed from 03.08.2015 to 04.06.2017 i) For male category ii) For female category |
|
|
||
|
191 217 |
10.50% 10.00% |
|||
|
c) Four wheeler loan disbursed from 05.06.2017 to 17.06.2020
|
|
|
||
|
d) Four wheeler loan disbursed from 18.06.2020 to 30.09.2020
|
|
|
||
|
e) Four wheeler loan disbursed from 01.10.2020 to 31.01.2021
|
|
|
||
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n) Four wheeler loan disbursed from 01.02.2021 to 28.02.2022
|
|
|
||
|
o) Four wheeler loan disbursed from 01.03.2023 onwards |
|
|
||
5 |
two wheeler loan _ |
|
||
|
|
a) Two wheeler loan disbursed till 02.08.2015 |
186 |
14.00% |
|
|
b) Two wheeler loan disbursed from 03.08.2015 to 17.06.2020 |
|
|
||
|
c) Two wheeler loan disbursed from 18.06.2020 |
|
|
||
(6) |
professional loan |
|
||
|
|
(A) Applicable from 28-07-2022 to 28-02-2023 for male and female category |
|
||
(i) up to Rs.20,00,000/- |
193,216 |
10.00% |
||
(ii) Above Rs.20,00,000/- |
193,216 |
10.50% |
||
|
( B ) New rates applicable from 01-03-2023 for men and women on limit and term loan OD GL Head-216, TL Gl Head - 193 |
|
|||
(i) up to Rs.20,00,000/- |
193,216 |
9.00% |
||
(ii) above Rs.20,00,000/- |
193,216 |
10.00% |
||
(7) |
Real Estate Mortgage Personal Loan ( Mortgage & Personal ) |
|
||
|
|
Real Estate Mortgage Personal Loan for Personal Purposes |
|
||
(a) term loan |
|
|||
i) On loans disbursed up to 04.06.2017 |
183 |
14.00% |
||
|
ii) On loans disbursed from 05.06.2017 to 17.06.2020 |
183 |
12.00% |
||
|
iii) On loans disbursed from 18.06.2020 to 04.11.2021 |
183 |
11.50% |
||
|
iv) On fresh loans disbursed from 05.11.2021 |
183 |
10.50% |
||
|
(b) Individual over year account (up to a maximum of Rs. 5 lakh) |
|
|
|
|
i) OD facility extended from 29.08.2017 |
NEW GL---225 |
12.50% |
|
(8) |
gold jewelery salvage loan |
|
|
|
|
(a) On short term loans |
|||
|
(i) Loan accounts disbursed up to 30-11-2020 – |
172 |
12.00% |
||
|
(ii) On loan accounts disbursed from 01-12-2020 to 04.11.2021 - |
172 |
9.00% |
||
|
(iii) On loan accounts disbursed from 05-11-2021 - |
172 |
8.00% |
||
|
(b) On Medium Term Loans against Gold Jewelery Taran |
|||
|
(i) Loan accounts disbursed up to 30-11-2020 – |
194 |
12.00% |
||
|
(ii) Loan accounts disbursed from 01-12-2020 to 04.11.2021 |
194 |
9.00% |
||
|
(iii) On loan accounts disbursed from 04-11-2021 - |
194 |
8.00% |
||
|
(c) Overdraft facility on gold jewelery wire for business (up to Rs.10 lakh for 12 months) |
|||
|
(i) Loan accounts disbursed up to 30-11-2020 – |
215 |
13.00% |
||
|
(ii) Loan accounts disbursed from 01-12-2020 to 04.11.2021 |
215 |
10.00% |
||
|
(iii) On loan accounts disbursed from 05-11-2021 - |
215 |
09.00% |
||
(9) |
Unsecured and consumption loan ( hypothecation loan ) |
|
|
|
|
(a) on unsecured personal guarantees and other unsecured loans |
|||
|
(i) Loan accounts disbursed up to 30-11-2020 - |
177 |
15.00% |
||
|
(ii) On loan accounts disbursed from 01-12-2020 - |
177 |
13.00% |
||
|
(b) Unsecured unsecured loan against departmental salary deduction consent and a personal guarantee |
|||
|
(i) Loan accounts disbursed up to 30-11-2020 - |
185 |
13.00% |
||
|
(ii) On loan accounts disbursed from 01-12-2020 - |
185 |
12.00% |
||
|
c) Hypothecation loans for consumer durables like T.V. fridge, furniture, home appliances etc. |
|||
|
(i) Loan accounts disbursed up to 30-11-2020 - |
186 |
14.00% |
||
|
(ii) On loan accounts disbursed from 01-12-2020 - |
186 |
12.00% |
||
(10) |
N. _ S. _ C./K . _ _ V. _ P. / Life Insurance Policy / Warehouse Receipt Salvage Loan _ |
|
||
|
a ) Short term ( term loan ) |
|
||
|
|
Short term demand loan against the security of National Savings Certificate / Kisan Vikas Patra / Life Insurance Policy and other recognized securities |
174 |
11.00% |
|
|
b ) overage facility |
|
|||
|
For all types of purposes by pledging National Savings Patra / Kisan Vikas Patra / Warehouse Receipt |
187 |
12.00% |
|
(11) |
education loan |
|
||
|
(1) Upto Rs.500000/- |
192 |
12.00% |
|
(12) |
Staff Salary Advance (PLR) |
184 |
9.00% |
|
(13) |
Covid -19 Loan Schemes |
|
|
|
|
(a) Kovid-19 Weaker Section Utthan Term Loan (36 months loan up to Rs.25000/-) |
271 |
10.00% |
|
|
(b) Kovid-19 Weaker Section Utthan Term Loan (Maximum up to Rs.5 lakh for 60 months) |
272 |
09.00% |
||
(14) |
Self Help Group Loan Scheme |
273 |
12.00% |
|
(15) |
micro finance loan scheme |
274 |
12.00% |
|