Interest On Loans
|
Product |
Interest rate |
|
SME
TL/CC |
Floating and linked with PLR(Presently effective rate starts from
9.50% p.a.)
|
|
HOUSING
LOAN |
For salaried : Floating and linked with PLR(Presently effective rate 6.75% p.a.)
|
|
For Non-salaried : Floating and linked with PLR(Presently effective rate 6.90% p.a.)
|
|
|
HOME
EQUITY |
For salaried : Floating and linked with PLR(Presently effective rate 6.75% p.a.)
|
|
For Non-salaried : Floating and linked with PLR(Presently effective rate 6.90% p.a.)
|
|
|
MORTGAGE
LOAN |
Floating and linked with PLR (Presently effective rate 9.00% p.a.)
|
|
ASSET
BACKED LOAN |
Floating and linked with PLR (Presently effective rate starts
at 9.50% p.a.)
|
|
KCC |
Interest @ 5% p.a. will be charged for one year or upto the repayment due
date, whichever is earlier. In case of non-repayment within the due dates
interest is applied at card rate. Beyond due date interest will be compounded
half yearly.
|
|
GOLD
LOAN CONSUMPTION |
Floating rate and linked with PLR.
Present effective rate 9.00% p.a.
|
|
MULTI
PURPOSE GOLD LOAN |
Floating rate and linked with PLR.
Present effective rate 8.00% p.a.
|
|
NRLM
FOR WOMEN SHG |
In 14 IAP (Intensive Action
Plan)(Category –I Districts) districts interest will be charged on the
loans to the Women SHGs group @7%
for limit up to Rs.3,00,000/- i.e. for loans above Rs.3 lakh interest
will be charged at the normal rate of interest as applicable to SHG. In non IAP districts 12.50% at monthly rest, subject to
changes as and when advised by the Bank.
|
|
CAR
LOAN |
Floating rate. Present effective
rate is 9.95% p.a.
|
|
SRTO |
Floating and linked with PLR (Presently effective rate starts from
9.50% p.a.)
|
