INTEREST RATES

  • Home Loan @8.75 %
  • Gold Loan @10.50 %
  • Savings Account
  • Current Account
 
 

RATE OF INTEREST ON LOAN & ADVANCES REVISED PLR : 14:00 % WITH EFFECT FROM 1ST MAY 2019

Circular No.82/MD/59 dated 14th May 2019 Revised PLR : 14:00 % with effect from 1st May 2019

Interest On Loan & Advances Revised
Loans & Credit limits upto Rs.25,000/- to borrowers defined as weaker sector [AS PER RBI DEFINITION] 14.00%
Loans & Advances over Rs.25000/- but upto Rs.50,000/- to borrowers covered under weaker or priority sector. [AS PER RBI DEFINITION] 14.50%
All Self Employed persons under priority sector upto Rs.2,00,000/- 14.50%

All priority sector Loans & Advances.[AS PER RBI DEFINITION]

Above Rs.50,000/- but upto Rs.2.00 lacs 14.50%
Above Rs.2,00,000/- but upto Rs.10.00 lacs . [EXCLUDING 3 ABOVE] 15.00%
All priority sector Loans & Advances. Above Rs.10.00 lacs but upto Rs.25.00 lacs 15.50%

All Non-priority sector Advances

Upto Rs.10.00 lacs 15.50%
Above Rs.10.00 lacs but upto Rs.25.00 lacs 16.50%

With The Exception Of The Following Advances

Advances Against Purchase Of Car / Two Wheelers For Self Use 10.75%
Advances For Purchase Of Consumer Durables 14.25%
School Teachers Or Employees Group Advances Upto Rs.50,000/- [Repayment At Source] 13.50%
Commercial Vehicles / Computers / Office Equipments 14.50%

Taxi/Auto Rickshaws In Case Of Owners Driven

For New Taxi Upto Rs.6.00 lakhs 11.75%
For Old Taxi Upto Rs.2.00 Lakhs 12.25%
For New Rickshaw Upto 2.00 Lakhs 12.25%
For Private Tourist Car Upto Rs.6.00 Lakhs 11.75%

Advances Against Pledge Of Gold Ornaments

Upto Rs.1,00,000/-, Margin 25% 10.75%
From Rs.1,00,001/- To Rs.3,00,000/-, Margin 25% 11.75%
From Rs.3,00,001/- To Rs.5,00,000/-, Margin 25% 12.25%
More than Rs.5,00,00/-, Margin 25% 13.25%
Gold loan upto Rs.1.00 lac will be allowed on Nominal Membership. Gold loan above Rs.1.00 lac will be allowed on Regular Membership with 10 shares only. No Processing Fees Will Be Levied For Gold Loans.
Builders & Developers 16.75%
Mortgage Loan With 40% Margin [Existing Clients For Business 16.00% Purpose] 16.25%
Housing Finance Revised
As per marks obtained in Credit Ratine Score
Marks between 44% - 50% 8.55%
Marks between 36% - 43% 8.75%
Marks between 31% - 35% 9.15%
Marks between 26% - 30% 9.25%
Marks between 23% - 25% 10.25%
Marks between 21% - 22% 10.75%
REPAIRS/RENOVATION OF HOUSE/FLAT Revised
MINIMUM (as per credit rating) 10.75%
MAXIMUM (as per credit rating) 11.75%
OTHER GUIDE LINES GIVEN IN THECIRCULAR NO 8O/CAD/1848 DT 30.12.17 TO BE OBSERVED.
Housing Finance Govt. Employees Others
Upto Rs.30.00 lakhs 9.00% 10.00%
Above Rs.30.00 lakhs & Upto Rs.70.00 lakhs ----- 10.50%
Advances Against Pledge Of Govt. Securities Viz. RBI Relief Bonds, NSCs Etc. And Assignment Of LIC Policies ----- 12.25%
Bills Discounted Under Letters Of Credit Issued By Public Sector Banks ----- 9.25%
Other Banks ----- 10.25%

Educational Loan

Upto Rs.1,00,000/- 13.00%
More than Rs.1,00,000/- 13.50%
For Studies Abroad 14.00%
Advances Against Bank's Term Deposits 2% Above The Deposit Rate If Advance Is Granted To Depositor
IIIRD Party Term Deposits 2% Above The Deposit Rate
Advance Availed By The Staff Members Pledge Of Their Own Term Deposit Receipts 0.5% Above The Deposit Rate
JOrNT LTABtL|TY GROUP (JLG) LOANS 24.00%
LOANS TO ZAIN DEPOSIT HOLDERS 15.00%

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