Interest Rates - Loans and Advances

Interest Rate Effective From 1st Mangsir, 2080 (17th November, 2023)

A.     For Individual Borrower availing Term Loan 

CREDIT FACILITIES Fixed Interest rates (In %) FLOATING INTEREST BAND (if opted by the borrower)
Repayment upto 7 Years Repayment upto 10 Years Repayment period above 10 Years
Housing Loan (upto 1 cr.) 12.50% 13.50% 14.50% Base Rate + up to 3.50%
Housing Loan (above 1 cr.) 13.00% 14.00% 14.75% Base Rate + up to 3.50%
Hire Purchase 13.00% 14.00% Base Rate + up to 3.50%
Vehicle Loan 13.00% 14.00% Base Rate + up to 3.50%
Education Loan 13.00% 14.00% Base Rate + up to 3.50%
Flexi Loan 14.50% 14.75% Base Rate + up to 3.50%
Professional Loan 13.00% 14.00% Base Rate + up to 3.50%
Future Lease Loan 13.00% 14.00% Base Rate + up to 3.50%
Retail Space Loan 13.00% 14.00% Base Rate + up to 3.50%
Loan against consumable goods 13.00% 14.00% Base Rate + up to 3.50%
Loan against Pension 12.50% 13.50% Base Rate + up to 3.50%
Advance against Life Insurance Policy 13.00% 14.00% Base Rate + up to 3.50%
Agro Loan 12.50% 13.50% Base Rate + up to 3.50%
Deprived Sector 13.00% 14.00% Base Rate + up to 3.50%

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 Base Rate + up to 3.50%
Term Loan 12.50% 13.50% 14.50% Base Rate + up to 3.50%
Hire Purchase 13.00% 14.00% 14.50% Base Rate + up to 3.50%
Vehicle Loan 13.00% 14.00% 14.50% Base Rate + up to 3.50%
Flexi Loan-TL 13.00% 14.00% 14.50% Base Rate + up to 3.50%
Flexi Loan-Overdraft (below Rs. 50 Lacs) Base Rate + up to 3.50%
Flexi Loan-Overdraft (Rs. 50 Lacs and above) Base Rate + up to 3.50%
Margin Lending Base Rate + up to 3.50%
USD denominated FCY loan Base Rate + up to 3.50%
Loan against liquid assets (FDR, Govt. Bond/ National Saving Bond) Up to 2% above coupon rate however not below base rate
Deprived Sector (Others) 12.50% 13.50% 14.50% Base Rate + up to 3.50%
Future Lease Loan 12.50% 13.50% 14.50% Base Rate + up to 3.50%
Retail Space Loan 12.50% 13.50% 14.50% Base Rate + up to 3.50%
Agro Loan 12.50% 13.50% 14.50% Base Rate + up to 3.50%
  • 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.
  • The variance of interest rate between same nature loans shall not be greater than that is prescribe in NRB circular 03/080/81 dated 18-06-2080 BS.

Base Rate Applicable : 9.41% (For Kartik 2080 – Average of last 3 months)

Base Rate:  9.70 % (as on Aswin 2080 end )

Spread Rate:  4.00% (as on Aswin 2080 end)

Click here to see previous Interest Rate details