w.e.f. 21st August 2020
| Sr. No. | Type of Loan | Extent of Loan | Repayment Period | Existing Rate of Interest | Revised Rate of Interest |
|---|---|---|---|---|---|
| 1 | Cash Credit |
75% of stock value 50% of book debt |
Continuing facility subject to yearly renewal | 13% p.a. | 12% p.a. |
| 2 | Housing Loan | 85% of the value as per agreement or valuation report | 5 – 20 Years |
9.75% (5 yrs) 10.25% (10 yrs) 10.75% (15–20 yrs) |
9.00% (5 yrs) 9.50% (10 yrs) 10.00% (15–20 yrs) |
| 3 | Premises Loan | 50% of the value as per agreement or valuation report | 3 – 7 Years | 13% p.a. | 12% p.a. |
| 4 | Business Loan | 75% of security value | 3 – 5 Years | 13% p.a. | 12% p.a. |
| 5 | Vehicle Loan | 75% of invoice value | 3 – 5 Years | 12% p.a. | 12% p.a. |
| 6 | Educational Loan | 75% of education cost | 10 Years | 12.50% p.a. | 11.50% p.a. |
| 7 | Personal Loan |
Up to Rs. 0.20 lacs with 2 guarantors Up to Rs. 0.50 lacs with 2 guarantors Up to Rs. 1.00 lac with 2 guarantors without tangible security |
1 Year 3 Years 3 Years |
12% p.a. 16.50% p.a. 18% p.a. |
12% p.a. 16.50% p.a. 18% p.a. |
| 8 | Loan / OD against Bank FD / RD / Deposit |
90% of deposit value Outstanding above security value |
On or before maturity of deposit |
1.50% above FD rate Additional 2% on overdrawn amount 18% p.a. |
1.50% above FD rate Additional 2% on overdrawn amount 18% p.a. |
| 9 | Loan against NSC / LIC Policy |
NSC – 75% of face value LIC – 90% of surrender value |
NSC – Till maturity LIC – 3 Years |
13% p.a. | 12% p.a. |
| 10 | Loan against Daily Deposit | 75% of balance | 1 Year or till maturity | 12% p.a. | 11% p.a. |