Interest Rates for Retail Loans

Interest Rates on Loans and Advances

Floating Rates Loans (Interest Rates on Retail portfolio linked to RBI Repo Rate)

 
Present Repo Rate 6.50%  (p.a)
 
 

Description of loan scheme/ product

Range of Spread over EBR (% p.a)*

Home Loan - Salaried

Loan Amount

Interest Rate

For CIBIL score 850 or above

8.80 (Repo Rate + 2.30)

Upto 30 Lakhs

10.15 (Repo Rate + 3.65)

Above 30 Lakhs and upto 75 Lakhs

10.20 (Repo Rate+ 3.70)

Above 75 Lakhs

10.25 (Repo Rate+ 3.75)

Home Loan – Self-employed

Loan Amount

Interest Rate

Upto 30 Lakhs

10.20  (Repo Rate + 3.70)

Above 30 Lakhs and upto 75 Lakhs

10.25 (Repo Rate + 3.75)

Above 75 Lakhs

10.30 (Repo Rate + 3.80)

Car Loan 

Type

Interest Rate

New (for CIBIL score 850 or above)

8.85 (Repo Rate + 2.35) 

New (others)

11.00 (Repo Rate + 4.50)

Used

16.30 (Repo Rate + 9.80)

Other Loans

Type

Interest Rate

Property Power Loan (LAP)

12.60 (Repo Rate + 6.10) - 13.00 (Repo Rate + 6.50)

Education Loan

12.55 (Repo Rate + 6.05) - 15.90 (Repo Rate + 9.40)

Gold Loans

 8.89 (Repo Rate + 2.29%) - 9.59 (Repo Rate + 3.09%)

 

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

11.49 to 14.49

Gold Loan

9.79% to 21.5%

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