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New Interest Rates for Loans/Advances w.e.f.01 September,2011
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| S.No |
Type Of Loan/ Advance |
|
Interest rates |
|
1.
|
BR (Base Rate)
|
|
9.50% |
|
|
|
|
|
2.
|
a.) Residential & On Floating Interest Rates
|
Upto Rs. 10 Lacs |
Above Rs. 10 Lacs & Less than Rs. 50 Lacs.
|
Above Rs. 50 Lacs. |
1. Above 15 upto 20 Years
|
12.00% (BR +2.50) |
12.25% (BR+2.75) |
10.75% (BR +1.25) |
2. Above 10 upto 15 Years
|
11.50% (BR+1.75) |
12.00% (BR+2.75) |
10.75% (BR+1.25) |
| 3. Above 5 upto 10 Years |
11.00% (BR +1.50) |
11.50% (BR+2.00) |
10.75% (BR+1.25) |
| 4. Upto 5 Years |
10.75% (BR + 1.25) |
11.25% (BR+1.75) |
10.75% (BR+1.25) |
| On Fixed Interest Rates |
|
|
|
| 1. Above 20 upto 25 Years |
12.25% (BR+2.75) |
12.75% (BR+3.25) |
11.75% (BR +2.25) |
| 2. Above 10 upto 20 Years |
12.00% (BR+2.50) |
12.50% (BR+3.00) |
11.75% (BR+2.25) |
| 3. Above 5 upto 10 Years |
11.75% (BR+2.25) |
12.25% (BR+2.75) |
11.75% (BR+2.25) |
| 4. Upto 5 Years |
11.25% (BR+1.75) |
12.25% (BR+2.75) |
11.75% (BR+2.25) |
| b.) Commercial (On Floating Interest Rates) |
13.75% (BR+4.25)% |
13.75% (BR+4.25) |
13.75% (BR+4.25) |
3.
|
CC Limit (Cash Credit) |
| (Upto Rs. -2 lac) |
|
12.00% (BR+2.50) |
|
Above Rs. 2 Lac & Upto Rs. 10 Lac
|
|
13.00% (BR+3.50) |
|
| Above Rs.10 Lac |
|
13.00% (BR+3.50) |
|
| For Liquor Trade |
|
15.00% (BR+5.50) |
|
4
|
Transport Loan |
| Upto Rs. 5,00,000/- |
|
12.00% (BR+2.50) |
|
| Above Rs.5,00,000/- |
|
13.00% (BR+3.50) |
|
| For Old Vehicle |
|
15.00% (BR+5.50)
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| |
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|
| 5. |
Term Loan |
a.) For Cottage/SIU/Small entrepreneurs/Professional & Self Employed/ Wholesale and Retailers
|
|
13.00% (BR+3.50) |
|
| b.) For Stone Crushers |
|
12.50%(BR+3.00) |
|
| c.) For Liquor Trade |
|
15.00% (BR+5.50) |
|
| 6. |
Agriculture and related activities |
| Tractor loan for other than Tractor |
|
13.25% (BR+3.75) |
|
| Loan for Seed Plant. |
|
10.50% (BR+1.00)%
|
|
| 7. |
Loan for Education |
|
|
|
| |
a) Upto Rs 4 Lac |
|
12.25%(BR+2.75) |
|
| |
b)Above Rs 4 Lac |
|
12.25%(BR+2.75) |
|
| 8. |
TOD / OD / Cheque Discounting etc. |
|
17.25% (BR+7.75) |
|
| 9. |
Loan for consumption |
|
15.00% (BR+5.50) |
|
| 10. |
OD/ Loan on demand against FDRs, if these are on the name of debtor himself or third party.
|
|
1.25% more than IR payable on security |
|
| 11. |
Loan/ OD against NSC, IVP, KVP / Government bonds, LIC SV including of third party. |
|
12.25% (BR+2.75) |
|
| 12. |
Interest rate on loans other than for above activities |
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13.50% (BR+4.00) |
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Prepayment charges @ 2% on the outstanding liabilty in case of the take over of the loan by the other bank / financial institution.
(For detail Terms & Conditions, Please contact nearest Branch Manager)
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