Loan Rates

Rate of Interest on Loan & Advances with effect from 01-07-2023

Home Loans

» 8.25 % Interest (On Reducing Balance)

Vehicle Loan

» Two Wheeler @ 10.50% Interest Rate

» Three Wheeler @ 11.50% Interest Rate

» Four Wheeler @ 7.60% Interest Rate

» Commercial Wheeler @ 9.50% Interest Rate

» Old Vehicle @ 9.50% Interest Rate

Loan/Overdraft against Bank Fixed Deposit

»0.75% Interest Rate extra from Bank deposit rate

Member Loan

» 11.50% Interest Rate [Limit 2,00,000]

Cash Credit

»11.00% Interest Rate

Loan against Potato Slip / O.D.

»11.75% Interest Rate

Loan against NSC / O.D.

»11.75% Interest Rate

Education Loan

»For Education in India @ 9.25% Interest Rate

»For Education in Abroad for @ 9.25% Interest Rate

 

Machinery / Equipment Loan

Up to 5,00,000 10.00%
5,00,001 to 49,99,999 09.75%
50,00,000 to 74,99,999 09.50%
75,00,000 to 99,99,999 09.25%
1,00,00,000 and above 09.00%

Cash Credit / Term Loan

 

• Hypothecation
• PMCC
• IMP Loan
• Industrial Loan/Overdraft
Up to 5,00,000 10.00%
5,00,001 to 49,99,999 09.40%
50,00,000 to 74,99,999 09.20%
75,00,000 to 99,99,999 09.20%
1,00,00,000 and above 09.00%

 

Note :
– 0% Processing charge on all above loan
– Interest On Reducing Balance
– No Prepayment charges