Interest Rates - Loans and Advances
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- Interest Rates – Loans and Advances
Interest Rate Effective From 1st Ashadh 2077 (15th June 2020)
| CREDIT FACILITIES | INTEREST RATES PA |
| WC—OD/ STL/ DL/ TR | BR+1.25% to BR+5.00% |
| Term Loan (below 3 years) | BR+1.25% to BR+5.00% |
| Term Loan (3 years & above) | BR+1.75% to BR+5.00% |
| Margin Lending | BR+2.75% to BR+5.00% |
| Hire Purchase | BR+2.50% to BR+5.00% |
| Vehicle Loan | BR+2.50% to BR+5.00% |
| Housing Loan (upto 1 cr.) | BR+2.00% to BR+5.00% |
| Housing Loan (above 1 cr.) | BR+2.50% to BR+5.00% |
| Education Loan | BR+2.75% to BR+4.00% |
| 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 | 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+1.25% |
| Loan against liquid assets (FDR, Govt. Bond/National Saving Bond) | 2% above coupon rate |
| Deprived Sector (MFI & NBFC) | BR+2.25% to BR+4.00% |
| Deprived Sector (Others) | BR+2.75% to BR+4.00% |
| Loan against consumable goods | BR+2.75% to BR+4.00% |
| Professional Loan | BR+2.75% to BR+4.00% |
| Future Lease Loan | BR+2.75% to BR+4.00% |
| Retail Space Loan | BR+2.75% to BR+4.00% |
| Agro Loan | BR+2.00% to BR+4.00% |
| Loan against Pension | BR+2.25% to BR+4.00% |
| Retail Loans under Tie Up Arrangement | As per Tie Up Arrangement subject to minimum Base Rate |
| Advance against Life Insurance Policy | BR+2.75% to BR+4.00% |
| Finance against Salary to Confirmed Permanent Staff | BR+3.00% to BR+4.00% |
| Finance against Salary to Confirmed Permanent Staff under Tie Up Arrangement | As per Tie Up Arrangement subject to minimum Base Rate |
*subject to Internal Risk Rating
ROI under Consortium Lending shall be as per Consortium Agreement
In case of ad-hoc OD, 1% premium over and above is to levied; however, in no case same shall be above the published upper band.
Option for Fixed Interest Rates for all Term Loan products is as under:
Additional Interest Rate Risk premium of 0.75% and 1.50% for span of 3 and 5 years respectively over its existing floating rates. Interest rates will be reset after 3/5 years for Term Loans of longer duration.
