Advances :

Rate of interest on loan and advances with effect from 1st Aug 2020

Type of Advances

Rate of interest

Machinery Loan to SSI Unit

09.90%

Machinery Loan to MSI Unit

09.90%

W.C.T.L. for Retailer & SSI

10.50%

W.C.T.L. for others

10.50%

PMEG 1st LOAN /CC/OD

11.00%

PMEG 2nd Loan/CC/OD

09.90%

Loan to Professionals

09.90%

Education Loan

09.90%

Housing

10.50%

Vehicle Loan – RTO

11.00%

- Others(Repayments 3 Years of less)

10.00%

- Others(Repayments more than 3 Years of less)

11.00%

Mortgage Loan (other than SSI/MSI/Traders)

14.00%

CC – SSI & Retail

09.90%

- Others

10.50%

OD - SSI & Retail

10.50%

- Others

10.50%

- Ags. Property (ODP)

14.00%

Gold Loan

11.50%

Bill Discounting

14.00%

Personal Loans

14.00%

Loan Ags. Govt. Securities/LIC

10.50%

Micro Finance

24.00%

Adhoc Limit

14.00%

Loan for Roof Top Solar system

10.10%

Atmanirbhar - 1 & 2

08.00%

Covid Demand Loan

12.00%

Note :-

Concession of 0.40% in interest to be allowed if credit facilities granted to single party is Rs. 5 crores or more and concession of 0.90% in interest if credit facilities granted to single party is Rs. 10 crore and above.