IFSC CODE- ICIC00CCBLT

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%