Loan Interest Rates

Interest rate WEF 15/06/2019
Sr. No Types of Loans / Advances Interest Rate
1 Gold Loan : Up to Rs. 2 Lac (Under Bullet Loan Scheme) 9.75%
2 Personal Loan 13.00%
3 Term Loan   
  (1) Less than Rs.1.50 Crore  11.00%
  (2) Rs. 1.50 Crore and above 10.50%
  (3) Total Exposure of Term Loan Group A/cs. Rs. 1.50 Crore & Above.
For New / Used Machinery of All kind , Against Consumer Durables, Home
Appliances, Office Equipments,Furniture & Vehicle for commercial purpose.
[ If borrower offers 100% collateral security + Lien of 10% of bank FDR ( for Term Loan Components ) Rate of interest on such Term Loan will be 0.50% less than applicable rate ] 
10.50%
4 Vehicle Loan (For Personal Use only)  10.00%
5 Solar Loan (Residential / Industrial purpose up to 90% of Quotation Amount) 9.75%
6 Loan to DOCTORS
(Purchase of Equipments / Instruments / Furniture / Vehicles / Machinery) 
10.00%
7 Over Draft Against Fixed Deposits FDs Rate
  For Individual (Own FD) +1.00%
  For Individual (Third Party) +2.00%
  For Firms (Own FD) +1.00%
  For Firms (Third Party) +2.00%
8 Loan Against Fixed Deposits  
  For Individual (Own FD) +1.00%
  For Individual (Third Party) +2.00%
9 Loan Against NSC/KVP/UTI/RBI BOND   
  NSC/KVP – (Upto 80% of Face Value and Non-Cumulative UTI/RBI BOND 
– Upto 70% of Face Value)
10.50%
  Third Party NSC / KVP (To be considered as a special case) 12.50%
10 Cash Credit  
  (Against Paid Stock & Book and Debts Up to 90 Days) 11.00%
  (100% Collateral Security + 10% FDR Under Bank’s Lien) 10.50%
11 Housing Loan (Maximum Period 15Years)   
  Up to 10 Year 10.00%
  From 10 Year to 15 Year 11.00%
12 Loan Against Property Mortgage  
  1) Less than Rs.1.00 Crore 13.00%
  2) Rs. 1.00 Crore and Above 12.50%
13 Loan for Construction / Purchase of Industrial Shed (Part of Project) 12.00%