Interest Rates – Loans and Advances

w.e.f  :  12 July 2017

Sr. No. Product / Scheme Remark Rate of Interest p.a.
1 Housing Loan Upto Rs.25.00 lacs 8.25%
Above Rs.25.00 lacs upto Rs.70.00 lacs 8.50%
2 Education Loan Maximum upto Rs. 20.00 lacs 11.00%
3 Vehicle Loan Personal Use New Vehicle
(Upto 36 months )
8.50%
Personal Use New Vehicle
(Above 36 months)
8.50%
Pre-owned cars 12.50%
4 Personal Loan With Section 49 13.00%
Without Section 49 14.00%
5 Cash Credit Business Loans 10.50% to 14.50%
6 Term Loans Business Loans or Commercial Vehicles 10.50% to 14.50%
7 Term Loan/SOD against NSCs / KVPs / LI Policies etc Loan upto
Rs. 2.00 lacs
11.00%
Loan above
Rs 2.00 lacs
11.00%
8 Gold Loan Maximum upto Rs. 25.00 lacs 11%
9 Motgage Loans For House Repairs upto Rs.2.00 lacs 12.25%
Other 12.25%
10 Loans Under Lease Rent Discounting (LRD) 09.50% to 10.50%
11 Loans to Builders and Developers 13.50% to 16.50%
12 Group Personal loan* 12.00%
13 Overdraft (Unsecured) / Cheque Purchase and any type of clean facility maximum upto Rs. 5.00 Lacs 14.50%

* This rate for group personal loan will be applicable for minimum of 25 employees of the particular company / organization