Term Loans, Cash Credit and Overdraft.
| Type of Loans & Advances | Size of Loans | New rate of Interest effective from 01.10.2021 |
| Term Loans (General) | Upto Rs.25000/- | 10.50% |
| Term Loans (General) | Above Rs.25000/- | 10.25% |
| Term Loans (Where the Real Estate offered as security is in the nature of Bastu Land by the side of NH / SH or at a prominent place within the Town and easily marketable, valued at least 200% of the loan amount.
And Where lodged TD is 20% of the Loan amount) Or Credit Rating of intending borrower is Minm. 750 |
Any amount | 10.00% |
| Cash Credit and Overdraft (General) | Any amount | 10.50% |
| Cash Credit and Overdraft (Where the Real Estate as security is in the nature of Bastu Land by the side of NH / SH or at a prominent place within the Town and easily marketable, valued at least 200% of the loan amount
And Where lodged TD is 20% of the Loan amount) Or Credit Rating of intending borrower is Minm. 750 |
Any amount | 10.00% |
| Composite loans of term loans and Cash Credit and Overdraft | Above Rs.10 Crores for a single unit | 10.50% |
| Overdraft against Bank’s own TD | Irrespective of the limit | 1% above the average payable rate. |
| Overdraft against mortgage of LIP, Gold, GAS subject to keeping appropriate margin as per prevailing practice of the Bank. | Irrespective of the Limit | 10.50% |
Demand Loans:
| Types | Particulars | Rate of Interest |
| Against Bank’s own time deposits. | Upto 90% of the present value other than for speculative purpose. | 1% above the average payable rate. |
| Against mortgage of Gold Ornaments. | As per Order No.-7 vide Reference No.-372/20-21 dated 03/07/2020 | |
| Against mortgage of Gold Ornaments. | As per Order No.-7 vide Reference No.-372/20-21 dated 03/07/2020 | |
| Against lien/pledge/assignment of Postal Time Deposit, LIPs | Upto 85% of Present Value or Surrender Value. | 11.00% |