Loans & Advances
SPECIAL RATE OF INTEREST ON LOANS AND ADVANCES
| RATE OF INTEREST AS PER CREDIT RATING w.e.f. 11.10.2021 | |||||
| SR.NO. | PRODUCT | CARD RATE | A | B | C |
| 1 | OD/CC | 10.75% | 9.75% | 10.00% | 10.75% |
| 2 | OD-GS | 8.25% | N.A. | N.A. | N.A. |
| 3 | Mortgage Property/Hyp.of Machiney Loan | 10.000% | 9.50% | 9.75% | 10.00% |
| 4 | Gold Loan | 8.25% | N.A. | N.A. | N.A. |
| 5 | Vehicle Loan : Two Wheeler | 8.25% | N.A. | N.A. | N.A. |
| Four Wheeler | 7.75% | N.A. | N.A. | N.A. | |
| Commercial Vehicle | 10.25% | N.A. | N.A. | N.A. | |
| 6 | Rickshaw Loan | 13.00% | N.A. | N.A. | N.A. |
| 7 | Third Party Loan | 12.00% | N.A. | N.A. | N.A. |
| 8 | T.O.D. | 14.00% | N.A. | N.A. | N.A. |
| 9 | Education Loan | 9.75% | N.A. | N.A. | N.A. |
| 10 | Doctor Loan | 9.75% | N.A. | N.A. | N.A. |
| 11 | Professional & Self Employed | 9.75% | 9.25% | 9.50% | 9.75% |
| Parameter of Rating | |||||
| 90% To 100% | A | ||||
| 60% To 90% | B | ||||
| 50% To 60% | C | ||||
| 1 | Any proposal falls below category “C” will be charge Card Rate plus additional interest. | ||||