Interest Rates on Loans & Advances


w.e.f. - 01.05.2022
Sr.No. Particular Interest Rate
1 Housing Loan  
Upto Rs. 35 lakhs 7.5%
Above Rs. 35 lakhs 8%
2 Unsecured Loan
13%
3 Secured Loan Computer, Consumer Durable, Furniture etc. 13%
4 For Non SSI  
New purchased machinery - upto Rs. 15.00 lakh 13% (No colateral security required)
New purchased machinery - above Rs. 15.00 lakh 12% (Colateral security required)
5 Education Loan  
Upto Rs. 2.00 lakh 10%
Upto Rs. 5.00 lakh 11%
Above Rs. 5.00 lakh 10% (security required)
6 Vehicle Loan  
Two Wheeler Loan - upto Rs. 5.00 lakh 10%
Four Wheeler Loan for Personal use - upto Rs. 50.00 lakh 9%
Commercial vehicle 12%
7 Business Loan
Small Scale Industries
(having SSI Certification only)
11% Monthly Rest
CIBIL Score >700 - 10%
Small Medium Enterprises, Traders 12% Monthly Rest
CIBIL Score >700 - 11%
Loan against Property 13% Monthly Rest With 1% rebate for regular repayment (Period-10 years)
Flexi-pro
OD & Term Loan
11.50% (Period-8 years)
CIBIL Score >700 - 11.50%
CIBIL Score <700 - 12.50%
Builder Finance 16% Monthly Rest With 1% rebate for regular repayment
Shop/Office Purchase etc. 12% (Period-10 years)
8 Professionals CA, Doctors, Architect, Chartered Engineers (For equipment purchase/furniture or any other purpose) 10%
9 TOD I Adhoc Limit I Short Term Loan 16%
If SSI/SME-14%
10 FDR Loan
Own 1% more than ROI on FDR
Third Party 2% more than ROI on FDR
11 Gold Loan  
Upto Rs. 1.00 lakh 9.50%
Upto Rs. 1.00 to 2.00 lakh 10%
Above Rs. 2.00 lakh 10.50%
12 Gold - Cash Credit Margin - 30%
ROI as per above slab
13 NSC, LIC Loan 11%
14 Loan Against Rent Receivables on Property 13%
15 Medical Shop / Generic Pharma  
Upto Rs. 10.00 lakh 10% (No colateral required)
Above Rs. 10.00 lakh 12% (Colateral required)
16 Professors / Teachers / Staff / Sub Staff  
Rs. 10.00 lakh CIBIL Score> 700 - 9%
CIBIL Score< 700 - 10%
17 Microfinanace
(Tea shop, Vegetable/Florist shop, Tailor, Mess, Nurses, Grocery shop, Parler (Ladies/Gents), Rickshaw driver, Shoe/Slipper shop)
CIBIL Score> 700 - 10%
CIBIL Score< 700 - 12%
(No Process Fee, No Preclosure Charges, No Collateral charges)
  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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