Advances

S.N

Particular

Interest Rate P.A.

1.

Terms Loans (Sureties – Unsecured)

16.00%

2.

Consumer Durable Loans

15.00%

3.

Loans for Vehicle Purchase

1. New Vehicle

1 year to 3 years

3 year to 5 years

Above 5 year to 7 years (Maximum)

(Maximum amount Rs. 50 Lakhs)

1 year to 5 years

(Above 1 Crore only)

2. Old Vehicle

1 year to 5 years (Maximum)

3. COMMERCIAL NEW

1 years to 3 years

Above 3 year to 5 years  (Maximum)

4. COMMERCIAL OLD

1 year to 3 years (Maximum)

9.25%

9.50%

10.00%

9.00%

11.00%

11.00%

12.00%

13.00%

4.

Housing Loans for Purchase of Plots & Houses

A. Non Submission of Approved Map by Local Authority

               1 year to 5 years

                 Above 5 years to 10 years

                 Above 10 years to 20 Years (Maximum)

B. On Submission of Approved Map by Local Authority

                 1 year to 5 years

                 Above 5 year to 10 years

                 Above 10 years to 20 Years    (Maximum)                                                                                           

9.75%

10.00%

10.50%

9.25%

9.50%

9.75%

5.

Loans on Equitable Mortgage of Property

 Up to 10 Lakhs

 Above 10 Lakhs

(Maximum 10 years)

12.00%

12.50%

6.

Cash Credit/OD (Subject to Renewal after One Years)

11.00%

7.

Against Gold & Security with hall mark 90% of approved valuers report.

11.00%

8.

75% Advances Against N.S.C., L.I.C. Polices,

Unit Mutual Funds & Other Govt. Securities 

12.00%

9.

Education Loan

10.50%

10

Loans Against FDRs

1. 85-90% Advances against Bank’s FDR in the same name.
2. 80% Advances against Bank’s FDR in 3rd party name.

0.60% to 1.00%

2%

11

Bills Purchased/DD/Cheques Purchase

18.00%