Loans & Advances
Rates of Interest are as under : -


S. No. Type of Loans/Advances Effective Rate
1 Loan against/KVP/NSC/RBI
Bond and LIC Policies etc.
12%
2 Cash Credit 14%
3 Secured Loan for productive purpose against security of property 13%
4 Overdraft - Limit for productive purpose against security of property 13%
5 Unsecured Loans 15%
6 New Vehicle Loan 11%
7 Old Vehicle Loan 14%
8 Housing Loan 10%
9 Machinery Loan (New)/Industrial Loan 14%
10 Adhoc/Temporary CC/OD 16%
11 Loan/OD against FDR in the name of borrower 2% over & above deposit interest rate.
12 Loan/OD against FDR in the name of third party 3% over & above deposit interest rate.

Note : -

  • Penal interest @ 2% over & above normal interest to be charged in case of irregularity/default.