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. | ||||