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Interest Rates
Interest Rates on Loans and Advances
Interest Rates on Loans and Advances
Marginal Cost of funds based Lending Rate (MCLR) with effective from 16.05.2022
| Overnight MCLR | 7.95% |
| One Month MCLR | 8.00% |
| Three Months MCLR | 8.05% |
| Six Months MCLR | 8.15% |
| One Year MCLR | 8.20% |
Base Rate of the Bank – 9.63%
Floating Rates Loans (Interest Rates on Retail portfolio linked to RBI Repo Rate)
| Present Repo Rate | 4.40% (p.a) |
|
Description of loan scheme/ product |
Range of Spread over EBR (% p.a)* |
|
Home Loan - Salaried |
|
|
Loan Amount |
Interest Rate |
|
Upto 30Lakhs |
8.05 (Repo Rate + 3.65) |
|
Above 30Lakhs and upto 75Lakhs |
8.10 (Repo Rate+ 3.70) |
|
Above 75Lakhs |
8.15 (Repo Rate+ 3.75) |
|
Home Loan – Self-employed |
|
|
Loan Amount |
Interest Rate |
|
Upto 30Lakhs |
8.10 (Repo Rate+ 3.70) |
|
Above 30Lakhs and upto 75Lakhs |
8.15 (Repo Rate + 3.75) |
|
Above 75Lakhs |
8.20 (Repo Rate + 3.80) |
|
Car Loan - New |
|
|
Type |
Interest Rate |
|
New |
8.90 (Repo Rate + 4.50) |
|
Used |
14.20 (Repo Rate+ 9.80) |
|
Other Loans |
|
|
Type |
Interest Rate |
|
Property Power Loan (LAP) |
10.50 (Repo Rate+ 6.10) Onwards |
|
Education Loan |
10.45 (Repo Rate+ 6.05) Onwards |
|
Gold Loans |
7.39 ( Repo Rate + 2.99%) |
Retail Loans with Fixed Interest Rates
|
Description of loan scheme/ product |
Interest Rate (% p.a)* |
|
Two Wheeler Loan |
|
|
Vehicle Cubic Capacity (cc) |
Interest Rate |
|
Two wheeler Loan (under 500cc) |
17.00 |
|
Super Bike Loan (500cc and above) |
12.50 |
|
Personal Loan |
10.49 to 17.99 |
|
Gold Loan |
8.50 onwards |
|
Loan Against Fixed Deposits – Term Loan / Easy Cash (Overdraft) |
|
|
Type |
Interest Rate |
|
Against Own Deposits |
Deposit Rate + 2.00 |
|
Against Third Party Deposits |
12.50 or Deposit Rate + 2.00, whichever is higher |
|
Loan Against Approved Securities (NSC,IVP, KVP and LIC Policies) |
|
|
Type |
Interest Rate |
|
Term Loan - Against Own Securities |
12.50 |
|
Term Loan - Against Third Party Securities |
12.75 |
|
Easy Cash (Overdraft) - Against Own Securities |
12.75 |
|
Easy Cash (Overdraft) - Against Third Party Securities |
13.00 |
|
Fed Rise - Loan Against Recurring Deposits |
|
|
Type |
Interest Rate |
|
Against own Recurring Deposits |
10.75 or Recurring Deposit Rate + 2.00, whichever is higher |
|
Against Third Party Recurring Deposits |
11.25 or Recurring Deposit Rate + 2.50, whichever is higher |
|
Loan Against Demat Shares |
12.50 |
Interest Rates for Business Loans up to Rs 10 Crores
|
Description of loan scheme/ product |
For MSMEs (Floating rate linked to RBI Repo Rate) p. a |
For Non-MSMEs (Floating Rate linked to MCLR) p. a |
|
Rent Securitization Loans |
9.50 % to 12.50% |
10.10% to 13.15% |
|
Loans Against Property |
9.25 % to 10.95% |
9.55% to 11.25% |
|
Business Vehicle Loans |
9.25 % to 11.00% |
9.55% to 11.25% |
|
Other Business Loans |
9.25 % to 14.65% |
9.55% to 14.95% |
Other Micro Loans with Fixed Interest Rate
| Description of loan scheme/ product | Interest Rates (p.a) - Fixed |
|---|---|
| Micro credit to SHGs/ JLGs/ Kudumbasree and similar schemes | 12.50% |
| Loans under NRLM/ NULM | 12.50% |
| Loan under PM SVANidhi scheme | 16.00% |