RATE OF INTEREST ON LOAN
& ADVANCES w.e.f. 16th January 2024
|
(Rate of Interest p.a. %) |
||
|
UNSECURED LOAN |
|
|
|
Personal Loan |
|
|
|
Upto ₹ 5.00 Lakh |
17.00% |
|
|
SECURED LOAN |
|
|
|
Housing Loan |
|
|
|
Upto ₹ 50.00 Lakh |
9.00% |
|
|
above ₹ 50.00 Lakh & upto ₹ 140.00 Lakh |
9.50% |
|
|
Business Loan |
|
|
|
Against Hyp. of Machinery, Hyp. of Stock/Book Debts for Cash Credit, Mortgage of business /purchase/ construction of Commercial Property/ expansion of business and other activities |
|
|
|
upto ₹ 25.00 Lakh |
11.00% |
|
|
Above ₹ 25.00 Lakh |
11.50% |
|
|
Rebate on interest @ 1% p.a. is allowed to Micro Small Medium Enterprises (MSMEs) |
|
|
|
Vehicle Loan |
|
|
|
for Personal use |
9.00% |
|
|
for Commercial use |
9.50% |
|
|
Education Loan |
|
|
|
Higher Education in Abroad |
11.50% |
|
|
Higher Education in |
10.50% |
|
|
Others |
|
|
|
Against pledge of NSCs / LIC Policy / Eligible Bonds |
12.50% |
|