Rate of interest on loan and advances revised w.e.f. 01-03-2024.
|
Type of Advances |
Rate of interest |
|
Machinery Loan to SSI Unit |
09.50% |
|
Machinery Loan to MSI Unit |
09.50% |
|
W.C.T.L. for Retailer & SSI |
10.50% |
|
W.C.T.L. for others |
10.50% |
|
PMEGP 1st Machinery LOAN |
10.50% |
|
PMEG 2nd Machinery Loan |
09.50% |
|
Loan to Professionals |
09.00% |
|
Education Loan |
09.25% |
|
Housing Loan Up to 25 Lacs (Floating) |
08.75% |
| Housing Loan Above 25 Lacs (Floating) | 09.00% |
|
Vehicle Loan – Commercial |
09.25% |
|
Vehicle Loan - Other |
09.25% |
|
Electric Vehicle Loan ( All type Of Vehicals ) |
08.75% |
|
2nd Hand Commercial/Domestic Vehicle |
12.50% |
|
Mortgage Loan (other than SSI/MSI/Traders) |
14.00% |
|
CC – SSI & Retail |
09.50% |
|
CC -SSI/Retail/Others/PMEGP |
09.65% |
|
OD-SSI /Retail/Others/PMEGP/JGUVY |
10.65% |
|
- Ags. Property (ODP) |
14.00% |
|
Gold Loan |
11.00% |
|
Bill Discounting |
14.00% |
|
Personal Loans & Unsecured loan |
14.00% |
|
Loan Ags. Govt. Securities/LIC |
10.00% |
|
Micro Finance for 12 Months |
20.00% |
|
Micro Finance for 18 Months |
22.00% |
|
Micro Finance for 24 Months |
24.00% |
|
Adhoc Limit |
12.50% |
|
Loan for Roof Top Solar system |
9.50% |
|
Loan for windmill Project |
9.50% |
|
Project loan |
14.00% |
|
Solar loan without collateral |
10.50% |
|
Drop Down OD |
10.15% |
| Loan against FD | FD interest + 2% |
Note :-
Concession of 0.40% in interest to be allowed if credit facilities granted to single party is Rs. 5 crores or more and concession of 0.90% in interest if credit facilities granted to single party is Rs. 10 crore and above.
