| 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 LIC policies, G.A.S., subject to keeping appropriate margin as per prevailing practice of Bank |
Irrespective of the Limit |
10.50% |
