| Rate of interest on loans and advances |
| INTEREST PER ANNUM (w.e.f - 01.06.2023) |
| LOAN Type & PERIOD |
Limit |
R O I |
| Housing Loans Construction/Purchase( Limit-Rs 70 lakhs) Loan Period: Max. 180 Months |
A. Upto Rs.25 Lakhs, B. Above 25 lakhs upto 70 lakhs, C. Above 70 lakhs upto 140 lakhs |
A.9.00%, B. 10.00%,C. 11.00% |
| For Site Purchase ( Limit-Rs 70 lakhs) , LoanPeriod : Max. 150 Months |
A. Upto Rs.25 Lakhs, B. Above 25 lakhs |
A.9.5%, B. 10.5% |
| For House Repair, Loan Period: Max. 150 Months |
20 Lakhs |
11% |
| For Education Loan, Loan Period: Max. 150 Months |
A. Within India - Rs.10 Lakhs, B. Outside India - Rs 20 Lakhs |
A.10.5%,B. 10.5% |
| For Marriage Loan, Loan Period: Max. 150 Months |
10 Lakhs |
11% |
| For Hand Loan Loan Period: Max. 150 Months |
25 Lakhs |
11% |
| For Medical Loan, Loan Period:Max. 150 Months |
10 Lakhs |
10.5% |
| For Business Loan (MSME & Other purposes), Loan Period:Max. 150 Months |
Existing loans A.upto 4 .00 Crores. For New Loan applications( from 1.07.2021) B. Upto Rs.25 Lakhs, C. Above 25 lakhs upto 1.00 Crore D. Above 1Crore upto 4 Crores |
A.11.00% B.9.50% C. 10.50% D.11.5% |
| For Mortgage Loan ( Other than the Particular Purpose),Loan Period: Max. 150 Months |
4.00 Crore |
12.00% |
| For Cash Credit, Loan Period:Max. 12 Months |
2.00 Crores |
14.00% |
| For Vehicle Loan,Loan Period: Max. 60 Months |
Max. 30 Lakhs or 75% of Invoice rate, For A. 2 Wheeler, B 4 Wheeler |
10.5% |
| For Special Joint Loan, Loan Period: Upto 60 Months |
5 Lakhs |
13.00% |
| For Gold Loan ( Upto 2lakhs bullet Loan & above 2 Lakhs - Member/Nominal member) , Loan Period: Upto 12 Months |
A. Upto 2 Lakhs( Bullet loan) B. Above 2 Lakhs ( EMI) |
A. 9.00% B. 9.50% |
| FOR Surety/ Joint Loans , Loan Period: Max. 60 Months |
3 lakhs |
13% |
| FOR A. B khatha property B. B katha property Surety/ Joint Loans , Loan Period: A 150 Months B.60 months |
A. 20 Lakhs B. 5 lakhs |
A. 12.5% B. 13% |
For Consumer Loans, Loan Period: Max. 36 Months |
1 Lakhs |
11.00% |