Rate of Interest on Loan & Advances with effect from 01-01-2021

Home Loans

» 7.10 % Interest (On Reducing Balance)

Loan/Overdraft against Bank Fixed Deposit

»0.75% Interest Rate extra from Bank deposit rate

Member Loan

» 11.50% Interest Rate [Limit 2,00,000]

Cash Credit

»11.00% Interest Rate

Loan against Potato Slip / O.D.

»11.75% Interest Rate

Loan against NSC / O.D.

»11.75% Interest Rate

Education Loan

»For Education in India @ 9.25% Interest Rate

»For Education in Abroad for Male @ 8.75% Interest Rate

»For Education in Abroad for Female @ 8.50% Interest Rate

Domestic (Home Appliances) Loan

»Freeze / Ata Maker / T.V. / A.C. / Computer

» 11.00% Interest Rate (On Reducing Balance)

Loan against Government Securities

» 11.75% Interest Rate

Vehicle Loans

» Car Loan [Four Wheeler] @ 7.00% Interest Rate

» Old Car Loan @ 9.75% Interest Rate

» Commercial Car Loan @ 9.50% Interest Rate

» Two Wheeler Loan @ 10.50% Interest Rate

» Three Wheeler @ 11.50% Interest Rate

• Lowest interest rate
• No Processing charge
• Loan process within 24 hours

Machinery / Equipment Loan

Up to 5,00,000 10.00%
5,00,001 to 49,99,999 09.75%
50,00,000 to 74,99,999 09.50%
75,00,000 to 99,99,999 09.25%
1,00,00,000 and above 09.00%

Cash Credit / Term Loan

• Hypothecation
• PMCC
• IMP Loan
• Industrial Loan/Overdraft
Up to 5,00,000 10.00%
5,00,001 to 49,99,999 09.75%
50,00,000 to 74,99,999 09.50%
75,00,000 to 99,99,999 09.25%
1,00,00,000 and above 09.00%

Note :
- 0% Processing charge on all above loan
- Interest On Reducing Balance
- No Prepayment charges

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