Loan Interest Rates

Interest Rates ( w.e.f 16/03/2017 )
Sr. No Type of Advance Rate of interest %  
1 Term Loan/Demand Loan/Cash Credit/ Working Capital  
  Priority Sector  
  SSI and Transport Operator 14.5%  
  Other Priority sectors  
  Up to Rs. 10 lakh 14.50%  
  Above Rs. 10 lakh 14.50%  
  Medical Practitioners & other Professionals
(maximum advance up to Rs.15 lakh)
13.50% to 14.50%  
  Purchase of gala by Traders 14.50%  
  Loan to Medical Shops for renovation & air conditioner 13.50% to 14.50%  
  B. Others    
  Up to Rs. 10 lakh 14.50%  
  Above Rs. 10 lakh 14.50%  
  Working Capital to Traders up to Rs. 50 lakh 13.50% to 14.50%  
2 Personal Loan 12.80 % onwards  
3 Vehicle Loans  
  Two Wheeler Loans      13.10%  
  Car Loans for personal use    9.90 %  
  Loans for Trucks , Trailers to fleet owners 13.50%  
4 Education Loan   11.90%
5 Tourist Loan  
  Unsecured :     13.50 %  
  Secured :     12.90 %  
6 Loans/ Overdraft against pledge of Bank's Term Deposits    
  (1)    Single deposit of RS.15 lacs & above
(2)    or sanctioned limit Rs15 lacs and above
(3)    Loan/O.D. Against Third Party Deposits 12.5%
(1) 1% more than deposit rate
(2) 2 % more than deposit rate
 
7 Advance against pledge of NSC/ KVP 11.90%  
8 Advance against pledge of Gold 11.90%  
9 Rent Discounting 10.70 % to 13.10%  
10 Advance for Agricultural activity 14.50%  
11 Advance to Educational Institutions 13.50% to 15.50%  
12 Mortgage (Property) Loan 12.20% to 12.50%  
13 Temporary Overdraft 19.00%  
14 Housing Loans Up to Rs.25.00 lakh- 8.60  % p.a.
Over Rs.25.00 lakh- 8.90  % p.a.

 
15 Business Loan Scheme for only SMEs 12.50% - 13.00%  
16 Dhan-Dhara (Personal Overdraft Scheme) against NSC/KVP/LIC 12.90%  
17 Special Personal Loan Scheme 11.90% to 12.90%  

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