Advances :

Rate of interest on loan and advances

Type of Advances

Rate of interest

Machinery Loan to SSI Unit

09.00%

Machinery Loan to MSI Unit

09.00%

W.C.T.L. for Retailer & SSI

10.00%

W.C.T.L. for others

10.00%

PMEG 1st LOAN /CC/OD

10.00%

PMEG 2nd Loan/CC/OD

09.00%

Loan to Professionals

09.00%

Education Loan

09.25%

Housing

10.00%

Vehicle Loan – RTO

10.50%

- Others(Repayments 3 Years of less)

09.00%

- Others(Repayments more than 3 Years of less)

10.00%

Mortgage Loan (other than SSI/MSI/Traders)

14.00%

CC – SSI & Retail

09.00%

CC -SSI/Retail - Others

09.00%

OD - SSI & Retail

10.00%

OD-SSI /Retail - Others

10.00%

- Ags. Property (ODP)

14.00%

Gold Loan

11.00%

Bill Discounting

14.00%

Personal Loans

14.00%

Loan Ags. Govt. Securities/LIC

10.00%

Micro Finance

24.00%

Adhoc Limit

12.00%

Loan for Roof Top Solar system

9.00%

Loan for windmill Project

8.50%

Atmanirbhar - 1 & 2

08.00%

Covid Demand Loan

10.25%

Project loan

14.00%

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.