Interest rate (wef 08/05/2022) | ||
Sr. No | Types of Loans / Advances | Interest Rate |
1 | Gold Loan : Up to Rs. 2 Lac (Under Bullet Loan Scheme) | 9.00% |
2 | Personal Loan | 13.00% |
3 | SMC Teacher Co.op. Society | 10.75% |
4 | Term Loan | |
(A) Term Loan for Any purpose | 8.50% | |
(B) Working Capital Term Loan (Against Second Hand Powerlooms) | 10.25% | |
5 |
Vehicle Loan (For Personal Use only) (1) Two wheeler & Four Wheeler (2) E-Vehicle Vehicle Loan (For Commercial Use only) |
7.50% 7.00% 11.00% |
6 | Solar Loan (Residential / Industrial purpose up to 90% of Quotation Amount) | 8.50% |
7 | Loan to PROFESSIONAL SELF EMPLOYED (Doctors,Lawyers,CA, Engineers etc.) |
8.75% |
8 | 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% | |
9 | 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) | 8.50% | |
11 | Housing Loan (Maximum Period 15Years) | |
Up to 10 Year | 8.50% | |
From 10 Year to 15 Year | 9.00% | |
12 | Loan Against Property Mortgage | |
1) Less than Rs.1.00 Crore | 12.00% | |
2) Rs. 1.00 Crore and Above | 12.00% | |
13 | Loan for Construction / Purchase of Industrial Shed (Part of Project) | 12.00% |