Interest Rates on Loans & Advances


w.e.f. - 01.04.2017
Sr.No. Particular Interest Rate
1 Housing Loan 12%
2 Unsecured Loan
15%
3 Secured Loan Computer, Consumer Durable, Furniture etc. 15%
4 Education Loan 12%
Upto Rs. 2.00 lakh 10%
Upto Rs. 5.00 lakh 11%
Above Rs. 5.00 lakh 12%
5 Two Wheeler Loan *11%
Four Wheeler Loan for Personal use *11%
Commercial Vehicle 14%
6 Business Loan
Small Scale Industries(having SSI Certification only)
12% Monthly Rest
Small Medium Enterprises, Traders 13% Monthly Rest
Builders Finance
Loan against Property 15% Monthly Rest With 1% rebate for regular repayment
Builder Finance 16% Monthly Rest With 1% rebate for regular repayment
Shop/Office Purchase etc. 13%
7 Professionals CA, Doctors, Architect, Chartered Engineers 12%
8 TOD I Adhoc Limit I Short Term Loan 16%
9 FDR Loan
Own 1% more than ROI on FDR
Third Party 2% more than ROI on FDR
10 Gold Loan 11.50%
11 NSC, LIC Loan 12%
12 Loan Against Rent Receivables on Property 13%
  1. For Consortium Advances - The Rate of Interest applicable is as per Lead Bank Scheme, which need not be changed.
  2. Maximum period allowed for vehicle loan is 5 years.
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