Interest Rates - Loans and Advances
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- 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)
Click here to see previous Interest Rate details
