Interest Rates Applicable to loans
| Sr.No. | Scheme Name | Revised ROI | Credit Rating Applicable (Yes / No) |
||
|---|---|---|---|---|---|
| Priority | Non Priority | ||||
| 1 | Housing Loan | 8.50 | 9.00 | No | |
| 2 | House Loan Top up- Repair/Renovation |
9.50 | 11.50 | No | |
| 3 | Vehicle Loan (Personal-Private Use) | No | |||
| (I) Four Wheeler | 8.50* | 8.50* | |||
| (II) Two Wheeler | |||||
| a) E-Vehicle | 10.50 | ||||
| b) Elite Bikers (Sports Bike) | 11.00 | ||||
| c) Vehicles for Student | 10.00 | ||||
| d) Others | 14.50 | ||||
| 4 | Commercial Vehicle Loan | 10.00 | 10.00 | Yes | |
| 5 | Education Loan | No | |||
| Inland | 8.50 | 9.50 | |||
| Abroad | 9.90 | 10.90 | |||
| 6 | Educational Institution Loan | 15.00 | 15.00 | ||
| 7 | Business Term Loan | Based on CIBIL | Yes | ||
| Upto Rs. 25.00 Lakhs Above Rs. 25.00 Lakhs |
With Collateral | ||||
| CMR 1 to 3 | 9.50 | ||||
| CMR 4 to 6 | 10.00 | ||||
| CMR 7 and above | 11.00 | ||||
| CMR NA | 10.00 | ||||
| Without Collateral - Upto Rs. 10.00 Lakhs | |||||
| CMR 1 to 3 | 10.50 | ||||
| CMR 4 to 6 | 11.00 | ||||
| CMR 7 and above | 12.00 | ||||
| CMR NA | 11.00 | ||||
| 8 | Cash Credit Hypothecation | Based on CIBIL | Yes | ||
| (I) With Collateral Upto Rs. 25.00 Lakhs Above Rs. 25.00 Lakhs |
With Collateral | ||||
| CMR 1 to 3 | 9.50 | ||||
| CMR 4 to 6 | 10.00 | ||||
| CMR 7 and above | 11.00 | ||||
| CMR NA | 10.00 | ||||
| (II) Without Collateral Upto Rs. 10.00 Lakhs Above Rs. 10.00 Lakhs and Upto Rs. 20.00 Lakhs |
Without Collateral (Upto Rs.10.00 Lakhs – Regular Scheme and Upto Rs. 20.00 Lakhs – Special Scheme) | ||||
| CMR 1 to 3 | 10.50 | ||||
| CMR 4 to 6 | 11.00 | ||||
| CMR 7 and above | 12.00 | ||||
| CMR NA | 11.00 | ||||
| (** In case, UDYAM Registration Certificate is not available | 2 % extra ROI (based on CMR Rank) | ||||
| 8.1 | For Professionals (Doctor / Architect / CA / CS / Cost Accountant etc) – Unsecured Upto Rs. 5.00 Lakhs and Secured Loan based on the Purpose | Based on CIBIL | |||
| For Doctors – Machinery / Equipment Purchase and other set up – Upto Rs. 35.00 Lakhs (Without Collateral) | CIBIL Score 750 and above or CMR 1 to 3 | 9.50 | |||
| CIBIL Score between 700 to 749 or CMR 4 to 6 and CMR-NA | 10.00 | ||||
| CIBIL Score between 650 to 699 or CMR above 6 | 10.50 | ||||
| Cash Credit – Upto 5 Lakhs | CIBIL Score between 750 and above or CMR 1 to 3 | 9.50 | |||
| CIBIL Score between 700 to 749 or CMR 4 to 6 and CMR-NA | 10.00 | ||||
| CIBIL Score between 650 to 699 or CMR above 6 | 10.50 | ||||
| 9 | a) Udyog Samruddhi Karj Yojana | 12.00 | 12.00 | No | |
| b) Aai Paryatan Scheme | 11.00 | ||||
| 10 | Rent Discounting Loan | No | |||
| Above Rs. 200.00 Lakhs | 9.50 | 9.50 | |||
| Upto Rs. 200.00 Lakhs | 10.50 | 10.50 | |||
| 11 | Term Loan against Property | Based on CIBIL | No | ||
| For Business | CMR 1 to 6 | 11.00 | |||
| Other than Business (CRE) | CMR above 6 and CMR - NA | 12.00 | |||
| 12 | Loan against Gram Panchayat Sanction Property |
No | |||
| Housing Loan | 12.00 | 12.00 | |||
| Loan against Property | 12.00 | 12.00 | |||
| Business Term Loan | 12.00 | 12.00 | |||
| 13 | Cash Credit against Property (Excluding Builder Finance) |
12.00 | 12.00 | No | |
| 14 | Builder Loan | 15.00 | 15.00 | No | |
| 15 | Renewable Energy / Wind Mill / Solar Loan | Based on CIBIL | No | ||
| Private Use | Commercial Use | ||||
| Score above 750 – 10.00 | CMR 1 to 2 – 9.50 | ||||
| Score between 700 to 750 – 10.50 | CMR 3 to 4 – 10.00 | ||||
| Score between 600 to 700 – 11.00 | CMR 4 to 6 – 11.00 | ||||
| Score below 600 – 11.50 | CMR above 6 (BOD Sanction) – 11.50 | ||||
| Score is -1 – 10.50 | CMR NA – 10.00 | ||||
| For Society (No CIBIL Criteria applicable) | 9.50 | ||||
| 16 | Unsecured Loan (Clean Loan) | Based on CIBIL | No | ||
| Repay by Salary Undertaking (at source deduction/salary credit with us / ECS) | Above 750 | 11.00 | |||
| Others (Salaried / Businessman / Self Employed) | 700 to 750 | 12.00 | |||
| 600 to 700 | 13.00 | ||||
| CIBIL Score -1 | 12.50 | ||||
| 17 | Gold Loan | No | |||
| Without EMI | 9.00 | 9.00 | |||
| With EMI | 9.00 | 9.00 | |||
| Cash Credit against Gold | 10.00 | 10.00 | |||
| 18 | Loan / CC against Term Deposit | No | |||
| (I) Loan against Term Deposit | |||||
| Loan amount Upto Rs. 50.00 Lakhs | 1% more than FD Rate | 1% more than FD Rate | |||
| Above Rs. 50.00 Lakhs and upto Rs. 100.00 Lakhs |
0.50% more than FD Rate |
0.50% more than FD Rate |
|||
| Loan amount Upto Rs. 100.00 Lakhs | 1% more than FD Rate |
1% more than FD Rate |
|||
| Above Rs. 100.00 Lakhs | 0.50% more than FD Rate |
0.50% more than FD Rate |
|||
| (II) CC against Term Deposit | |||||
| a) Credit Society | 0.50% more than FD Rate |
0.50% more than FD Rate |
|||
| b) Others | 1.00% more than FD Rate |
1.00% more than FD Rate |
|||
| (III) Loan / CC against Third Party Term Deposit |
2.00% more than FD Rate |
2.00% more than FD Rate |
|||
| 19 | Loan against LIC, NSC | 9.00 | 9.00 | No | |
| 20 | Consumer Durable Other | NA | 12.50 | No | |
| 21 | Travel Loan | NA | 10.00 | No | |
| 22 | Group Loan to Salary Earners (** Rate of Group Loan for salary earners may differ based on the sanction given by BOD) |
No | |||
| Employee | Upto 96 Months - 9.00 | Upto 96 Months - 9.00 | |||
| Above 96 Months to 120 Months – 9.49 |
Above 96 Months to 120 Months – 9.49 |
||||
| Additional Loan to Spouse | Upto 96 Months - 10.00 | Upto 96 Months - 10.00 | |||
| Above 96 Months to 120 Months – 10.49 |
Above 96 Months to 120 Months – 10.49 |
||||
| In case no undertaking from Company and Salary is credited / At source deduction | 1.00 % extra than the ROI applicable to Group Loan | ||||
Additional Points –
- For Girls/Women – 0.25 % less than the existing ROI for Education Loan applicable
- For Women – 0.25 % less than existing ROI for Business Term Loans (excluding Unsecured / Clean Loans)
- For Professionals (Doctor / Architect / CA / CS / Cost Accountant etc) – 0.25 % less than existing ROI (for Business Loan/Cash Credit excluding Unsecured / Clean Loan)
- Rate of Interest based on CIBIL Score (Consumer) – Applicable to all schemes except Gold / FDR and Loan against LIC / NSC - CMR-1 to CMR-2 = Card Rate - 0.25 % - CMR-3 to CMR-6 = Card Rate - CMR-7& Above = Card Rate + 1.00 % - In case CMR Rank Not given = Card Rate
- In case of second hand vehicle (four wheeler or more) for personal / business use – applicable ROI + 1.00% extra will be applicable (for 60 Months only).
-
In case of existing loans, if the borrower wants to take advantage of revised rate of interest, following criteria should be fulfilled –
- Said loan must be regular.
- Borrower should submit request application along with one time charges @ 1.00% of outstanding balance; subject to maximum Charges of Rs. 5.00 Lakhs.