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
 
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 - 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

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)

EDUCATION LOAN

CATEGORY

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

 

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).

 

 

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%



5. MSME – Interest Rates


Bank?s Base Rate 8.45 effective 21.10.2010

(A) Interest Rates –MSME Accounts upto Rs.25 lac


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

 

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

  • Additional concession of 0.50% in the above interest rates if collateral is 100% or more.
  • For accounts having internal credit rating 1 to 4, additional concession in above ROI  is given @0.25% for accounts rated by SMERA ( having top 4 rating grades).

 



(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

  • Additional concession of 0.50% in the above interest rates if collateral is 100% or more.
  • For accounts having internal credit rating 1 to 4, additional concession in above ROI  is given @0.25% for accounts rated by SMERA ( having top 4 rating grades).

 


 

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

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,

 

BR + 5.00 i.e. 10.25%+5%

= 15.25 %, presently with monthly rests.

 

 

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.

 



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