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Interest Rates for Loans from - 12/06/2024

Sr. No. Type of the Loan Interest Rate
1 Salary Loan ( Term Loan/Overdraft)
A For salary Account Holder 11.O0%
B For Others 12.00%
Priority Other
C Education 9.50% 10.00%
2 A suriety (Term Loan/Cash Credit) 10.00 % to 13.00%
Priority Other
B Education 9.50% 10.00%
3 Gold Loan/NSE/Shares Loan
A Priority Loan 9.00%
B Others 9.50%
Floating Fixed
4 4.1 Hypothication (Term Loan)
For Business
(A) Other Business
Priority 10.35% 11.00%
Other 10.45% 11.10%
(B) Construction Business 13.00% 14.00%
Maximum Amount upto Rs. 5 Lakh For Solar 7.00% 11.00%
4.2 Hypothication (Cash Credit)
For Business Floating Fixed
Priority - 9.99%
Other - 11.25%
4.3 Vehicle Loan Floating Fixed
(A) Four Wheeler
     1) New Vehicle 8.75% 10.10%
      2) Pre owned Vehicle 9.35% 10.35%
(B) Two wheeler, Three Wheeler Vehicle 9.35% 10.35%
(C) E-cart vehicles
     Two Wheeler 9.00% 10.10%
     Four Wheeler 8.65% 10.10%
Floating Fixed
(D) For Business Vehicle Loan 8.65% 10.00%
4.4 Consumption Loan Personal for other reason 10.00% 11.00%
5 5.1 Housing Loan
(A) Residential Priority Non priority
   1) CIBIL Score > 800 8.65% 8.90% 11.15%
   2) CIBIL Score from 700 - 800 8.90% 9.15% 11.40%
   3) CIBIL Score < 700 9.15% 9.40% 11.65%
* If women borrower CIBIL Score is -1, then Interest rate is applicable as per co-borrower CIBIL Score Report.
* If borrower and co-borrower both has CIBIL Score is -1, then we will consider the CIBIL score is below 700 By Default.
5.2 Business Loan (Office/ShopPurchase/Construction) Floating Fixed
Priority 9.40% 10.75%
Other 9.65% 10.85%
5.3 Loan Against Property (Personal)
1) Priority Loan 9.40% 11.20%
2) Other Loan 9.65% 11.45%
5.4 Loan Against Property (Education)
1) Priority Loan 9.00% 10.25%
2) Other Loan 9.50% 10.35%
5.5 Loan Against Property/ Overdraft against Property - Business
5.5.1 Term Loan
(A) Business
   1) Priority Loan
     1.1) Tenure Upto 3 Years 9.20% 10.70%
     1.2) Tenure Above 3 Years 9.70% 11.20%
   2) Other Loan
     2.1) Tenure Upto 3 Years 9.45% 10.95%
     2.2) Tenure Above 3 Years 9.95% 11.45%
(B) Construction Business 10.00% 14.00%
5.5.2 Overdraft Loan
(A) Other Business
Priority - 9.70%
Other - 9.80%
(B) Construction Business - 14.00%
5.6 Future Rent Receivable 11.50% 11.75%
5.7 Public Charitable Trust
Loan Sanction Amount
1) Upto Rs. 3.50 Crore 9.00% 9.25%
2) Rs.3.50 Crore and Above 8.85% 9.25%
6 Bachat Gat 9.00% 9.25%
7 For Solar Panel
(A) Suriety
   1) Loan sanction upto Rs. 150000 7.00%
   2) Loan sanction from Rs. 150001 upto Rs. 500000 8.50%
(B) Hypothication
   1) Loan sanction above Rs.500000 9.20%

For LAP (Excluding Solar Loan), home mortgage and education loans, 0.10% concession in interest rate will be given if borrower or co-borrower is female and student.
0.10%* Concession in Interest Rate will be given for LAP, Housing loan & Education loan, If the borrower or co-borrower is women & students.
New and renewed cash credit of Rs.10 lakh and above and commercial term loan of Rs. above 50 lakhs, credit rating is required based on the criteria set by the bank. Interest rates will be applicable as per Credit Rating score.
* Terms & Conditions Apply

Loan Against Fixed Deposit

Loan Amount (Rs.) Interest Rate
Fixed Deposit A/C Holder Third Party (A/C Holder)
Upto Rs. 20 Lakh Fixed Deposit Int. Rate + 2.00 % Fixed Deposit Int. Rate + 3.00 %
More than 20 Lakh upto 25 Lakh Fixed Deposit Int. Rate + 1.50 % Fixed Deposit Int. Rate + 2.50 %
More than 25 Lakh Fixed Deposit Int. Rate + 1.00 % Fixed Deposit Int. Rate + 2.00 %
If Fixed deposit is in the individual name of directors/partners of the company/partnership firm is pledged in the name of the company/partnership firm Interest rate as per column 1 will be applicable.