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ADVANCES : RATES OF INTEREST
[Effective From 18-07-2007 ]

Sr. No. Particulars Rate of Interest
1

For Business & Industries (For Working Capital & Term Loan)
   > Upto Rs. 25,000/- 12.00 %
   > Above Rs. 25,000/- & Up to
     Rs.10,00,000/-		 12.50 %
   > Above Rs. 10,00,000/-     13.00 %
   > Bill Discounting under L.C 11.00 %
2 Against Real Estate (Builders)
   > Against Real Estate [Builders) 13.00 %
3 Against H.P. Loan
   (A) Vehicle Loan :
 

   -   Two Wheelers -/C. N. G Rickshaw
     

11.00 %
 

   -   Four Wheelers -
      Up to Rs. 10,00,000/-

 11.00 %
 

   -   Four Wheelers -
      Second Hand Rs. 1,00,000/-

11.50 %
   (B) Consumer Durables : 
       [Refrigerator, TV, Computers, etc]
       Upto Rs. 1,00,000/-		 12.00 %
4 Against Clean Loan (Cash Credit, Personal Loan, TOD & Excess Amount Beyond Limit)
   > Against Clean Loan 13.50 %
5 Against Share Securities
   > Against Share Securities -
    Upto Rs. 10,00,000/- as per scheme		 12.00 %
6 Against House Building Term Loan & For Professionals
   > For Doctor, Advocate,CA's,
     Architect, Engineer, etc.		 11.00 %
7 Against Govt. Securities (State/Central)
   > Against NSC, KVP, Relief Bond, Against Surrender Value of LIC Policy [Uniform Margin of 10%] 10.50 %
8 Loans against Fixed Deposit (LFD)
Overdraft against Fixed Deposit (ODFD)
   > Against LFD & ODFD
 [Maximum limit 90 % of Fixed Deposit Amount]
  Up to Rs.25 Lac:               1.50 % more than deposit rate
 above Rs.25 Lac:             1.00 % more than deposit rate		  
9 Housing Loan - For Residence (As per scheme)  
 > Up to Rs. 10,00,000/- 11.00 %
 > Above Rs. 10,00,000/- up to   
    Rs.25,00,000		 12.00 %
10 Education Loan (As per scheme)  
 > In India Max Rs.   5,00,000/-
 > Abroad Max  Rs. 10,00,000/-		 9.50 %
9.50 %
11 Mortgage Loan Against Property (As per scheme)  
 > Upto Rs. 10,00,000/- 12.00 %
 > Over Rs. 10,00,000/- 13.00 %
12 Gold Loan/Overdraft 11.50%
13 Personal Loan
> Upto Rs. 50,000/- 14.00%
Note: Working Capital Loan, Term Loan & Other borrowings like L.C., Guarantee, by the party should be clubbed while ascertaining the respective limits slab & its corresponding rate for working capital & term loan.
Note: All rates subject to revision from time to time.

 

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