Loan Interest Rates – CONTAI CO-OPERATIVE BANK LIMITED

A. 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%

B. 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%