Interest Rates on Loans
Rate of interest has been revised with effect from 30/11/2015.
|
Sr. No.
|
Types of Loan
|
Rate of Interest
|
|
1
|
Rural/Urban Housing Loan
|
9.00%
|
|
2
|
Personal Loan
|
12.00-13.00%
|
|
3
|
Personal Loan For Professionals
|
14.00%
|
|
4
|
Vehicle/Car Loan Up to Rs 5 Lac
|
9.25%
|
|
5
|
Two Wheeler Loan for Farmers
|
11.50%
|
|
6
|
Consumer Durable Loan
|
12.00-13.00%
|
|
7
|
Education Loan
|
11.00%
|
|
8
|
Cooperative Education Loan – Children of poor farmers, Dalits, BC etc.
|
7.25%
|
|
9
|
Loan Against Property
|
15.00%
|
|
10
|
Loan Against Rental Income
|
12.00%
|
|
11
|
Cash Credit Facility to Traders
|
14.00%
|
|
12
|
Revolving Cash Credit to Farmers(RCC)
|
12.00%
|
|
13
|
Mini Dairy
|
11.50%
|
|
14
|
Commercial Dairy Development
|
10.25%
|
|
15
|
Vehicle/Car Loan >Rs 5 Lac to Rs 10 Lac
|
9.60%
|
|
16
|
Vehicle/Car Loan >Rs 10 Lac to Rs 15 Lac
|
9.90%
|
Earnest Money: Fixed by the Bank