Sr.

Type of Loan / Overdraft / Advances

Rate of Interest

1

Personal Loan

12.00%

2

Loan / Overdraft against Stock & Book Debts

Below Rs. 01 Crore

9.50%

Rs. 01 Crore and above

9.00%

Cibil Score of 750 and above irrespective of Sanctioned Amount

9.00%

Overdraft sanctioned on basis of Projected Turnover. Note: If the projected turnover is not achieved, penalty charges @ 2 % p.a. (plus GST) will be charged on the limit used over and above the limit corresponding to the actual achieved turnover.

Business is existing for more than one Financial Year and Credit Score is 750 or more

10.50 %

New Business or Credit Score is below 750

11.00 %

3

Housing Loan Construction

Purchase upto Rs. 25 Lakhs

8.40%

Purchase above Rs. 25 Lakhs

8.75%

4

Commercial Construction Loan

11.50%

5

Loan & OD against mortgage of immovable property only

12.00%

6

Vehicle Loan

(Two Wheeler, Four Wheelers & Light Vehicles)

Two Wheeler Loan

11.00%

Four Wheeler Loan

8.65%

7

Commercial Vehicle Loan

9.50%

8

Refinance of Vehicle

10.50%

9

Purchase of new Machinery & Equipment (Subject to 100% Collateral Security for loan above Rs. 5 Lakhs).

10.00%

10

Loan Against Consumer Durable

11.00%

11

Pledge of NSC, LIC, or any other government security

9.00%

12

Gold Loan (In case of early repayment, actual or one month’s Interest whichever is more shall be payable)

11.00 % + 1.00 % Insurance

13

Education Loan

** Subject to collateral Security of mortgage of Immovable Property worth 200% of Loan Value OR

Pledge of Tangible Security @ 100% of loan Value

Upto Rs. 7.50 Lakhs

9.50%

Above Rs. 7.50 Lakhs

10.00%

Rebate of 0.50% for female students.

14

Cheque purchase (allowed against Govt. Cheques, Semi. Govt. Cheques, Public Ltd. Companies & Demand Drafts).

12.00%

(Subject to Min. Rs. 25/-)

1

All types of fresh Loans / Overdrafts

0.25 %

Minimum Rs. 250/- plus GST

2

Renewal of Overdraft  (New Documents for any reasons)

0.25 %

Minimum Rs. 250/- plus GST