Loan Interest Rate
A. Term Loans, Cash Credit and Overdraft.
Type of Loans & AdvancesSize of LoansNew rate of Interest effective from 01.10.2021
Term Loans (General)Upto Rs.25000/-10.50%
Term Loans (General)Above Rs.25000/-10.25%

Term Loans (Where the Real Estate offered as security is in the nature of Bastu Land by the side of NH / SH or at a prominent place within the Town and easily marketable, valued at least 200% of the loan amount.

And Where lodged TD is 20% of the Loan amount)

Or

Credit Rating of intending borrower is Minm. 750

Any amount10.00%
Cash Credit and Overdraft (General)Any amount10.50%

Cash Credit and Overdraft (Where the Real Estate as security is in the nature of Bastu Land by the side of NH / SH or at a prominent place within the Town and easily marketable, valued at least 200% of the loan amount

And Where lodged TD is 20% of the Loan amount)

Or

Credit Rating of intending borrower is Minm. 750

Any amount10.00%
Composite loans of term loans and Cash Credit and OverdraftAbove Rs.10 Crores for a single unit10.50%
Overdraft against Bank’s own TDIrrespective of the limit1% above the average payable rate.
Overdraft against mortgage of LIP, Gold, GAS subject to keeping appropriate margin as per prevailing practice of the Bank.Irrespective of the Limit10.50%
B. Demand Loans :
TypesParticularsRate of Interest
Against Bank’s own time deposits.Upto 90% of the present value other than for speculative purpose.1% above the average payable rate.
Against mortgage of Gold Ornaments.As per Order No.-7 vide Reference No.-372/20-21 dated 03/07/2020
Against mortgage of Gold Ornaments.As per Order No.-7 vide Reference No.-372/20-21 dated 03/07/2020
Against lien/pledge/assignment of Postal Time Deposit, LIPsUpto 85% of Present Value or Surrender Value.11.00%