Customers are requested to fill up and sign their cheques only by using their own ball pens and not by other’s pen in any way to avoid any fraudulent activities by using “Magic Pens” with “Volatile Ink”.| To view your account balance, please send sms CCBL BAL to 9220592205 from your registered mobile number
Customers are requested to fill up and sign their cheques only by using their own ball pens and not by other’s pen in any way to avoid any fraudulent activities by using “Magic Pens” with “Volatile Ink”.| To view your account balance, please send sms CCBL BAL to 9220592205 from your registered mobile number
Loan Interest Rate
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 LIC policies, G.A.S., subject to keeping appropriate margin as per prevailing practice of 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 (under Bullet Repayment) {w.e.f. 02.05.2024} upto Rs.48,000/- per 10 gm Net Weight of Gold content in ornaments 9.20%
Against Mortgage of Gold Ornaments (Overdraft facility) {w.e.f. 02.05.2024} upto Rs.48,000/- per 10 gm Net Weight of Gold content in ornaments 9.50%
Against lien / pledge / assignment of Postal Time Deposits & LIC policies Upto 85% of Present Value or Surrender Value. 11.00%