Advance Rate

Nature of Advances Rates Of Interest
1) Education Loan
  • During the course of education
09.00% *
  • After completion of course
11.00 % *
Maximum Ceiling
  • In India – Rs.10Lakhs
  • Abroad – Rs.20Lakhs

2) Loan against N.S.C / K.V.P /L.IC Policies 09.00% *

3) Gold Loan – Maximum Ceiling 09.00% *
(Up to 75% of Market Value)
Maximum Limit
  • General Loan Rs.2.00 Lakhs
  • Agri.Gold Loan Rs.10.00 Lakhs

4) Vehicle Loan (Four Wheelers)  09.50%

5) Vehicle Loan (Two Wheelers) 10.00%

6) Commercial Vehicle 11.00%

7) Housing Loan : Maximum Ceiling Rs.70 Lakhs  08.00 % *
Maximum Period 20 Years

8) Other Loans :
FixedAssets Loan ,C/C Hypothecation

A) C/C Hypothecation

10.00 %
  • with minimum 25% utilization of sanction limit

B) Fixed Assets Loan (F/L)

10.00 %

9) RealEstate Finance

A) C/C Hypothecation

13.00 %

B) Fixed Assets Loan (F/L)

  • Up to 3 Years
13.00 %
  • Above 3 years but up to 5 Years
13.00 %

10)

A) Loan / Overdraft Against Banks own FDR

1.00 % ( over TDRRate )

B) Overdraft Against Banks own FDR with minimum 25% utilization of sanction limit

 0.50 % ( over TDR Rate )

11) Clean Demand Loan ( C/C ) to Ordinary      ( Regular) members of the Bank.
Maximum Limit Rs.50,000/- of which
  • Limit Up to Rs.25,000/-
11.00 % *
  • Limit above Rs.25,000/-
12.00 % *

12) Special Scheme For Doctors
  • With Mortgage
09.00 %
  • Without Mortgage
10.00 %

13) Sarvodaya Swarojgar DhiranYojana (JLG) 10.00% *

14) Personal Loan 14.00% *

15) Industrial Finance 10.50%


No interest rebate will be allowed in loan schemes against which * is marked
     Rebate in rate of interest on loan/cash credit will be allowed as under except finance under housing and vehicle loans
  • Valuation of property offered for mortgage is 2 time or more than loan limit – rebate @ 0.50%
  • Valuation of property offered for mortgage is 2.5 or more than loan limit – rebate @1%
  • Valuation of property offered for mortgage is 3 time or more than loan limit – rebate @1% in case of real estate finance.