Interest Rates - Loans and Advances

Interest Rate Effective From 1st Ashwin, 2079 (17th September , 2022)

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.) 13.50% 14.50% 15.50% Base Rate + up to 7.00%
Housing Loan (above 1 cr.) 14.00% 15.00% 16.00% Base Rate + up to 7.00%
Hire Purchase 14.00% 15.00% Base Rate + up to 7.00%
Vehicle Loan 14.00% 15.00% Base Rate + up to 7.00%
Education Loan 14.00% 15.00% Base Rate + up to 7.00%
Flexi Loan 15.50% 16.00% Base Rate + up to 7.00%
Professional Loan 14.00% 15.00% Base Rate + up to 7.00%
Future Lease Loan 14.00% 15.00% Base Rate + up to 7.00%
Retail Space Loan 14.00% 15.00% Base Rate + up to 7.00%
Loan against consumable goods 14.00% 15.00% Base Rate + up to 7.00%
Loan against Pension 13.50% 14.50% Base Rate + up to 7.00%
Advance against Life Insurance Policy 14.00% 15.00% Base Rate + up to 7.00%
Agro Loan 13.50% 14.50% Base Rate + up to 7.00%
Deprived Sector 14.00% 15.00% Base Rate + up to 7.00%

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 Base Rate + up to 7.00%
Term Loan 13.50% 14.50% 15.50% Base Rate + up to 7.00%
Hire Purchase 14.00% 15.00% 16.00% Base Rate + up to 7.00%
Vehicle Loan 14.00% 15.00% 16.00% Base Rate + up to 7.00%
Flexi Loan-TL 14.00% 15.00% 16.00% Base Rate + up to 7.00%
Flexi Loan-Overdraft (below Rs. 50 Lacs) Base Rate + up to 7.00%
Flexi Loan-Overdraft (Rs. 50 Lacs and above) Base Rate + up to 7.00%
Margin Lending Base Rate + up to 7.00%
USD denominated FCY loan Base Rate + up to 7.00%
Loan against liquid assets (FDR, Govt. Bond/ National Saving Bond) up to 3% above coupon rate
Deprived Sector (Others) 13.50% 14.50% 15.50% Base Rate + up to 7.00%
Future Lease Loan 13.50% 14.50% 15.50% Base Rate + up to 7.00%
Retail Space Loan 13.50% 14.50% 15.50% Base Rate + up to 7.00%
Agro Loan 13.50% 14.50% 15.50% Base Rate + up to 7.00%
  • 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:  9.25 % (as on Bhadra end )

Spread Rate:  4.38% (as on Bhadra end)

Click here to see previous Interest Rate details