Bank?s Base Rate 8.45 effective 21.10.2010
(A) Interest Rates –MSME Accounts upto Rs.25 lac
LOANS INTEREST RATES
1. HOUSING LOANS - Interest rates (in %):
Applicable only for Fresh Loans / Takeover cases w.e.f. 01.10.2011 (In terms of HO CMP deptt. circular no.I.D.1647 for Interest rates)
|
Category |
Loans upto Rs. 30 Lac |
Loans above Rs. 30 Lac & below Rs. 75 Lac |
Loans of Rs. 75 Lac & above |
|
Upto 5 years |
BR (10.75) + 0.50 = 11.25 |
BR (10.75) + 1.00 = 11.75 |
BR (10.75) + 1.75 = 12.50 |
|
Above 5 years upto 15 years |
BR (10.75) + 0.75 = 11.50 |
BR (10.75) + 1.25 = 12.00 |
BR (10.75) + 2.00 = 12.75 |
|
Above 15 years upto 25 years |
BR (10.75) + 1.00 = 11.75 |
BR (10.75) + 1.50 = 12.25 |
BR (10.75) + 2.25 = 13.00 |
2. Personal Loans :
| INTEREST RATES LINKED WITH BPLR & Base Rate (BR) | ||||||
| RATES OF INTEREST NOT LINKED WITH CREDIT RATING ON LOANS & ADVANCES | ||||||
| ROI - EXISTING | ROI - REVISED (wef.01.07.2010) | |||||
| PERSONAL LOAN | BPLR | SPREAD | L.R. (BPLR+ Spread) |
BR | SPREAD | L.R. BR+ Spread) |
| For Salaried Class and Pensioners | 13.50 | 0.00 | 13.50 | 8.20 | 5.30 | 13.50 |
| For Professionals/Self Employed/Club employees | 13.50 | 1.00 | 14.50 | 8.20 | 5.95 | 14.15 |
| For overdue accounts in both the above categories | 13.50 | 4.00 | 17.50 | 8.20 | 5.95 | 14.15 |
| CONSUMER LOAN | ||||||
| For consumer durables for general public /club employees | 13.50 | 0.50 | 14.00 | 8.20 | 5.95 | 14.15 |
| Consumer credit for married couples | ||||||
| If one of spouse is in service – BPLR+0.50% | 13.50 | 0.50 | 14.00 | 8.20 | 5.95 | 14.15 |
| If both are in service -- BPLR | 13.50 | 0.00 | 13.50 | 8.20 | 5.30 | 13.50 |
| For overdue accounts in both the above categories | 13.50 | 4.00 | 17.50 | 8.20 | 5.95 | 14.15 |
| LOANS TO INDIVIDUALS AGAINST SHARES / DEBENTURES /BONDS |
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| Shares /debenture in Physical Form - General | 13.50 | 4.00 | 17.50 | 8.20 | 5.95 | 14.15 |
| - For Blue Chip Co. | 13.50 | 2.00 | 15.50 | 8.20 | 5.95 | 14.15 |
| Shares /debenture in Demat Form | 13.50 | 3.50 | 17.00 | 8.20 | 5.95 | 14.15 |
| - For Blue Chip Co. | 13.50 | 1.50 | 15.00 | 8.20 | 5.95 | 14.15 |
| Above 10 years upto 20 yrs | 13.50 | -2.50 | 11.00 | 8.20 | 2.80 | 11.00 |
| OTHER NON PRIORITY SECTOR PERSONAL LOAN |
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| General Clean Loan/Overdraft/Clean Bills etc. | 13.50 | 4.00 | 17.50 | 8.20 | 5.95 | 14.15 |
| FINANCE TO INTERMEDIARY AGENCY (EXCLUDING THOSE OF HOUSING) |
13.50 | -1.50 | 12.00 | 8.20 | 3.80 | 12.00 |
| FINANCE TO HOUSING INTERMEDIARY AGENCIES |
13.50 | -1.50 | 12.00 | 8.20 | 3.80 | 12.00 |
| Negotiable | ||||||
| DISCOUNT ON BILLS | ||||||
Discounting of bills under ILC I) Upto 90 days |
13.50 | -1.75 | 11.75 | 8.20 | 3.55 | 11.75 |
| II) From 91 days to 180 days | 13.50 | -1.25 | 12.25 | 8.20 | 4.05 | 12.25 |
3. AUTO LOANS - Interest Rates (in %):
Applicable only for Fresh Loans / Takeover cases w.e.f. 11.05.2011 (In terms of Retail & Marketing Cell. Circulatory Letter no.2/11 dt.11.05.2011)
|
Category |
New Vehicles |
Old Vehicles |
PSB Collateral Linked Auto Loan scheme |
|
|
Repayment upto 3 years |
Repayment > 3 years |
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|
Upto Rs.10 lac |
BR (10.75)+ 2.00 = 12.75 |
BR (10.75)+ 2.50 = 13.25 |
BR (10.75)+ 3.50 = 14.25 |
BR (10.75)+ 1.50 = 12.25 |
|
Above Rs.10 lac |
BR (10.75)+ 2.50 = 13.25 |
BR (10.75)+ 3.00 = 13.75 |
BR (10.75)+ 4.00 = 14.75 |
BR (10.75)+ 2.00 = 12.75 |
4. Education Loans :
INTEREST RATE LINKED WITH BPLR & Based Rate (BR) |
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EDUCATION LOAN |
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CATEGORY |
LOAN UPTO RS. 4.00 LACS |
LOAN ABOVE RS.4.LACS AND UPTO RS.10.00 LACS |
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ROI - EXISTING |
ROI - REVISED (wef.01.07.2010) |
ROI - EXISTING |
ROI - REVISED (wef.01.07.2010) |
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BPLR |
SPREAD |
L.R. (BPLR+ Spread) |
BR |
SPREAD |
L.R. (BR+ Spread) |
BPLR |
SPREAD |
L.R. (BPLR+ Spread) |
BR |
SPREAD |
L.R. (BR+ Spread) |
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General Public |
13.50 |
-1.00 |
12.50 |
8.20 |
4.05 |
12.25 |
13.50 |
-0.50 |
13.00 |
8.20 |
4.55 |
12.75 |
Staff as Co-borrower |
13.50 |
-2.00 |
11.50 |
8.20 |
3.05 |
11.25 |
13.50 |
-1.50 |
12.00 |
8.20 |
3.55 |
11.75 |
Concession in interest |
No concession |
0.50 if collateral in addition to guarantee is given |
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CATEGORY |
ABOVE RS.10 LACS & UPTO RS. 20.00 LACS (to Doctors upto Rs.25.00 lacs in terms of HO PS Cir.Letter No.4/2010 dated 23.1.2010). |
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ROI - EXISTING |
ROI - REVISED (wef.01.07.2010) |
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BPLR |
SPREAD |
L.R. (BPLR+ Spread) |
BR |
SPREAD |
L.R. (BR+ Spread) |
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General Public |
13.50 |
0.00 |
13.50 |
8.20 |
5.30 |
13.50 |
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Staff as Co-borrower |
13.50 |
-1.00 |
12.50 |
8.20 |
4.30 |
12.50 |
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Concession in interest |
No concession |
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EXISTING |
Revised under BR System |
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? Additional concession @ 2% to all borrowers on account of service of interest during moratorium period subject to minimum rate of interest @11.25% for boys. |
- SAME - |
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? Additional concession of 0.50% in the aforesaid interest rate structure for girl students, subject to minimum floor rate of 10.75% p.a. |
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Education Loan Scheme for Acquiring Special Skills |
Education Loan Scheme for Acquiring Special Skills |
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1. 100% Collateral in the shape of FDRs issued by the Bank in the name of Self / Thirt Party - ROI 3% Over the maximum Deposit Rates of FDR |
- Discontinued - |
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2. 150% Collateral in the shape of Property, Govt. Securities like NSCs, LIC policies, KVPs in the name of self / third party. - ROI BPLR +1% |
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5. MSME – Interest Rates
Quantum of loan |
Covered under CGTMSE |
Not covered under CGTMSE |
||||
|
BR |
Spread |
L.R. ( BR+ Spread ) |
BR |
Spread |
L.R. ( BR+ Spread ) |
Upto Rs.50000 |
8.45 |
2.05 |
10.50 |
8.45 |
3.55 |
12.0 |
Above Rs.50000 upto Rs.5 lac |
8.45 |
2.55 |
11.0 |
8.45 |
3.80 |
12.25 |
Above Rs,5 lac upto Rs.25 lac |
8.45 |
3.30 |
11.75 |
8.44 |
3.80 |
12.25 |
(B)Interest Rates –MSME Accounts above Rs.25 lac upto Rs.1 crore
Credit Rating |
Covered under CGTMSE |
Not covered under CGTMSE |
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|
BR |
Spread |
L.R. ( BR+ Spread ) |
BR |
Spread |
L.R. ( BR+ Spread ) |
1 |
8.45 |
3.05 |
11.50 |
8.45 |
4.05 |
12.50 |
2 |
8.45 |
3.05 |
11.50 |
8.45 |
4.05 |
12.50 |
3 |
8.45 |
3.55 |
12.0 |
8.45 |
4.55 |
13.0 |
4 |
8.45 |
4.55 |
13.0 |
8.45 |
5.55 |
14.0 |
5 |
8.45 |
5.30 |
13.75 |
8.45 |
6.30 |
14.75 |
6 |
8.45 |
6.05 |
14.50 |
8.45 |
7.05 |
15.50 |
7 |
8.45 |
6.05 |
14.50 |
8.45 |
7.05 |
15.50 |
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(C) Interest Rates –MSME Accounts above Rs.1 crore upto Rs.10 crore
Credit Rating |
BR |
Spread |
L.R. ( BR+ Spread ) |
1 |
8.45 |
4.05 |
12.50 |
2 |
8.45 |
4.05 |
12.50 |
3 |
8.45 |
4.55 |
13.00 |
4 |
8.45 |
5.55 |
14.00 |
5 |
8.45 |
6.30 |
14.75 |
6 |
8.45 |
7.05 |
15.50 |
7 |
8.45 |
7.05 |
15.50 |
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6. PERSONAL LOANS TO SALARIED CLASS & PENSIONERS - Interest rates (in %):
Applicable only for Fresh Loans / Takeover cases w.e.f. 26.07.2011 (In terms of Retail & Marketing Cell. Circular no.5/11 dt.26.07.2011)
|
For Salaried Class |
For Pensioners |
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i) Where deduction of installment from salary at source is available or salary disbursed through our branches:- BR + 4.75 i.e. 10.25%+4.75% = 15 %, presently with monthly rests.
ii) In all other cases:- BR + 5.25 i.e. 10.25% + 5.25% = 15.50 % p.a. presently with monthly rests,
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BR + 5.00 i.e. 10.25%+5% = 15.25 %, presently with monthly rests.
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There was change of spread in the above categories hence the same is applicable for Fresh loans as stated above. For existing loans any subsequent change (i.e. change after sanction) in BR/ BPLR would affect the effective rate on those loans.