Interest Rates - Loans and Advances

Interest Rate Effective From 1st Ashwin, 2078 (17th September, 2021)

A.     For Individual Borrower availing Term Loan 

CREDIT FACILITIES Fixed Interest rates (In %) FLOATING INTEREST BAND (if opted by the borrower)
Repayment Period
Repayment upto 7 Years Repayment upto 10 Years Repayment period above 10 Years
Housing Loan (upto 1 cr.) 9.99% 10.99% 11.99% BR+2.00% to BR+5.00%
Housing Loan (above 1 cr.) 10.49% 11.49% 12.49% BR+2.50% to BR+5.00%
Hire Purchase 10.49% 11.49% BR+2.50% to BR+5.00%
Vehicle Loan 10.49% 11.49% BR+2.50% to BR+5.00%
Education Loan 10.74% 11.74% BR+2.75% to BR+4.00%
Flexi Loan-TL 11.99% 12.99% BR+4.00% to BR+5.00%
Professional Loan 10.74% 11.74% BR+2.75% to BR+4.00%
Future Lease Loan 10.74% 11.74% BR+2.75% to BR+4.00%
Retail Space Loan 10.74% 11.74% BR+2.75% to BR+4.00%
Loan against consumable goods 10.74% 11.74% BR+2.75% to BR+4.00%
Loan against Pension 10.24% 11.24% BR+2.25% to BR+4.00%
Advance against Life Insurance Policy 10.74% 11.74% BR+2.75% to BR+4.00%
Agro Loan 9.99% 10.99% BR+2.00% to BR+4.00%
Deprived Sector 10.74% 11.74% BR+2.75% to BR+4.00%

B.     For Others

CREDIT FACILITIES Fixed Interest rates (In %) FLOATING INTEREST BAND (if opted by the borrower)
Repayment Period
Upto 5 Years Upto 10 Years Above 10 years
WC-OD/ STL/ DL/ TR BR+1.25% to BR+5.00%
Term Loan 11.50% 12.50% 13.50% BR+1.75% to BR+5.00%
Margin Lending 12.50% 13.50% 14.50% BR+2.75% to BR+5.00%
Hire Purchase 12.00% 13.00% 14.00% BR+2.50% to BR+5.00%
Vehicle Loan 12.00% 13.00% 14.00% BR+2.50% to BR+5.00%
Flexi Loan-Overdraft (below Rs. 50 lacs) BR+3.25% to BR+5.00%
Flexi Loan-Overdraft (Rs. 50 lacs and above) BR+3.75% to BR+5.00%
Flexi Loan-TL 12.00% 13.00% 14.00% BR+4.00% to BR+5.00%
USD denominated FCY loan Linked with LIBOR as per tenure of facility subject to premium/ discount applicable
FCY Loan against Sight LC 6 Months Libor +3.50%
Loan against liquid assets (FDR, Govt. Bond/ National Saving Bond) 2% above coupon rate
Deprived Sector (MFI & NBFC) 11.00% 12.00% 13.00% BR+2.25% to BR+4.00%
Deprived Sector (Others) 11.50% 12.50% 13.50% BR+2.75% to BR+4.00%
Future Lease Loan 11.50% 12.50% 13.50% BR+2.75% to BR+4.00%
Retail Space Loan 11.50% 12.50% 13.50% BR+2.75% to BR+4.00%
Agro Loan 11.50% 12.50% 13.50% BR+2.00% to BR+4.00%
  • Relaxation of 1% in ROI shall be extended to Senior Citizens, Dalit, Mukta Kamaiya, Baadi, Haliya, war victims, single women and disabled individuals under Deprived Sector Loan.

Notes:

  • Interest rates on consortium loans shall be as per consortium decision.
  • Penal [email protected]% shall be applied in irregular/watch-list/ NPA account.

Base Rate:  5.85% (as on Shrawan end )

Spread Rate:  3.16% (as on Shrawan end)

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