LOANS INTEREST RATES

1.Housing Loans: w.e.f .01.07.2010

INTEREST RATES LINKED WITH BPLR & Base Rate (BR)
HOUSING LOAN SCHEME
CATEGROY LOAN UPTO RS. 20.00 LACS
  ROI - EXISTING ROI - REVISED (wef.01.07.2010)
  BPLR SPREAD L.R.
(BPLR+
Spread)
BR SPREAD L.R. BR+
Spread)
Upto 5 years 13.50 -4.00 9.50 8.20 1.30 9.50
Floor Rate     9.00      
Above 5 years utp 10 years 13.50 -3.50 10.00 8.20 1.80 10.00
Floor Rate     9.50      
Above 10 years upto 20 yrs 13.50 -3.00 10.50 8.20 2.30 10.50
Floor Rate     10.00      
CATEGROY LOAN ABOVE RS.20.00LACS AND UPTO RS.30.00 LACS
  ROI - EXISTING ROI - REVISED (wef.01.07.2010)
  BPLR SPREAD L.R.
(BPLR+
Spread)
BR SPREAD L.R. (BR+
Spread)
Upto 5 years 13.50 -3.75 9.75 8.20 1.55 9.75
Floor Rate     9.25      
Above 5 years utp 10 years 13.50 -3.25 10.25 8.20 2.05 10.25
Floor Rate     9.75      
Above 10 years upto 20 yrs 13.50 -2.75 10.75 8.20 2.55 10.75
Floor Rate     10.75      
CATEGROY ABOVE RS.30.00 LACS
  ROI - EXISTING ROI - REVISED (wef.01.07.2010)
  BPLR SPREAD L.R.
(BPLR+
Spread)
BR SPREAD L.R. (BR+
Spread)
Upto 5 years 13.50 -3.50 10.00 8.20 1.80 10.00
Floor Rate     9.50      
Above 5 years utp 10 years 13.50 -3.00 10.50 8.20 2.30 10.50
Floor Rate     10.00      
Above 10 years upto 20 yrs 13.50 -2.50 11.00 8.20 2.80 11.00
Floor Rate     10.50      

 

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
 
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
 
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: :( fresh loans / takeover cases only  ) w.e.f .01.07.2010

INTEREST RATE LINKED WITH BPLR & Based Rate (BR)

AUTO LOAN SCHEME

CATEGORY

UPTO RS. 3.00 LACS

ABOVE RS. 3.00 LACS UPTO 10 LACS

ROI - EXISTING

ROI - REVISED (wef.01.07.2010)

ROI - EXISTING

ROI - REVISED (wef.01.07.2010)

BPLR

SPREAD

L.R. (BPLR+ Spread)

BR

SPREAD

L.R. (BR+ Spread)

BPLR

SPREAD

L.R. (BPLR+ Spread)

BR

SPREAD

L.R. (BR+ Spread)

 

 

 

 

 

 

 

 

 

 

 

 

 

New Vehicles

13.50

-3.00

10.50

8.20

2.30

10.50

13.50

-2.50

11.00

8.20

2.80

11.00

Floor Rate

 

 

10.00

 

 

 

 

 

10.50

 

 

 

Old Vehicles

13.50

1.00

14.50

8.20

5.05

13.25

13.50

1.00

14.50

8.20

5.05

13.25

Floor Rate

 

 

 

 

 

 

 

 

 

 

 

 

Collateral Linked

13.50

-3.75

9.75

8.20

1.55

9.75

13.50

-3.25

10.25

8.20

2.05

10.25

Floor Rate

 

 

9.50

 

 

#

 

 

9.50

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CATEGORY

ABOVE RS. 10.00 LACS UPTO 20 LACS

ABOVE RS. 20 LACS

ROI - EXISTING

ROI - REVISED (wef.01.07.2010)

ROI - EXISTING

ROI - REVISED (wef.01.07.2010)

BPLR

SPREAD

L.R. (BPLR+ Spread)

BR

SPREAD

L.R. (BR+ Spread)

BPLR

SPREAD

L.R. (BPLR+ Spread)

BR

SPREAD

L.R. (BR+ Spread)

 

 

 

 

 

 

 

 

 

 

 

 

 

New Vehicles

13.50

-2.00

11.50

8.20

3.30

11.50

13.50

-1.25

12.25

8.20

3.55

11.75

Floor Rate

 

 

11.00

 

 

 

 

 

11.75

 

 

 

Old Vehicles

13.50

1.00

14.50

8.20

5.05

13.25

13.50

1.00

14.50

8.20

5.05

13.25

Floor Rate

 

 

 

 

 

 

 

 

 

 

 

 

Collateral Linked

13.50

-2.75

10.75

8.20

2.55

10.75

13.50

-2.00

11.50

8.20

3.05

11.25

Floor Rate

 

 

9.50

 

 

#

 

 

9.50

 

 

#

# Additional concession of 0.75% for collateral linked Auto Loans for new vehicles only subject to compliance of Priority Sector Circular No.386 dated 31.07.2009 on the Subject matter.

 

4. Education Loans :

INTEREST RATE LINKED WITH BPLR & Based Rate (BR)

EDUCATION LOAN

CATEGROY

LOAN UPTO RS. 4.00 LACS

LOAN ABOVE RS.4.LACS AND UPTO RS.10.00 LACS

ROI - EXISTING

ROI - REVISED (wef.01.07.2010)

ROI - EXISTING

ROI - REVISED (wef.01.07.2010)

BPLR

SPREAD

L.R. (BPLR+ Spread)

BR

SPREAD

L.R. (BR+ Spread)

BPLR

SPREAD

L.R. (BPLR+ Spread)

BR

SPREAD

L.R. (BR+ Spread)

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

CATEGROY

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).

 

 

ROI - EXISTING

ROI - REVISED (wef.01.07.2010)

 

BPLR

SPREAD

L.R. (BPLR+ Spread)

BR

SPREAD

L.R. (BR+ Spread)

 

 

 

 

 

 

 

General Public

13.50

0.00

13.50

8.20

5.30

13.50

Staff as Co-borrower

13.50

-1.00

12.50

8.20

4.30

12.50

Concession in interest 

No concession

 

EXISTING

Revised under BR System

·        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 -

·        Additional concession of 0.50% in the aforesaid interest rate structure for girl students, subject to minimum floor rate of 10.75% p.a.

Education Loan Scheme for Acquiring Special Skills

Education Loan Scheme for Acquiring Special Skills

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 -

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%