Rate of Interest for Loans against Security.
| TYPE OF LOAN |
Interest |
| Loan against Gold |
8.00% |
Loan against
LIC policies / N.S.C |
9.00 % |
Loan against Consumer Durables
Home Appliances – Computer, TV set, Refrigerator, Washing Machine, Furniture. |
12.00 % |
| Personal Loan (3 % Rebate) |
15.00 % |
Upto 50 Lakhs Cash Credit(35 Months).
| TYPE OF LOAN |
Interest |
| Cash Credit/Book date on salvation with Co-lateral |
11.50 % |
| Cash credit again Real esate |
12.50 % |
Interest Rates for Term Loan and Cash Credit 50 Lacs to 2 Crore as per the credit ratings
| Credit Rating |
term loan interest |
cash credit Interest |
| AAA |
9.50 % |
10.25 % |
| AA |
10.50 % |
11.00 % |
| A |
11.00 % |
11.50 % |
| BBB |
12.25 % |
12.75 % |
| BB |
12.50 % |
13.00 % |
| B |
13.00 % |
13.50 % |
Interest Rates for Term Loan and Cash Credit Above 2 Crore as per the credit ratings
| Credit Rating |
term loan interest |
cash credit Interest |
| AAA |
10.00 % |
10.25 % |
| AA |
10.50 % |
11.00 % |
| A |
11.00 % |
11.50 % |
| BBB |
11.75 % |
12.25 % |
| BB |
12.00 % |
12.50 % |
| B |
12.50 % |
13.00 % |
Rate of Interest for Housing Loans.
| Housing loan |
period |
interest rate |
| Loan against Purchase of Plot (2% Rebate) |
Upto 7 Years |
13.00 % |
| House Renovation / Interior / Compound etc. |
Upto 7 Years |
14.00 % |
Income from private employment13.00 %
| Urban Nivara Scheme (Floating Interest rate) |
Interest Rate |
|
| Income basis on Income tax statement/Salary certificate |
8.75 % |
| Income based on other documents |
10.00 % |
| Private employment Income |
13 % |
Rate of Interest for Educational loans.
| TYPE OF LOAN |
Interest |
| Personal Education Loan |
9.00 % |
| Education Loan against Security |
9.90 % |
Rate of Interest for Vehicle Loan.
| TYPE OF VEHICLE |
36 Months |
48 Months |
60 Months |
72 Months |
| Commercial Vehicle |
— |
— |
12.00 % |
— |
| Commercial Vehicle (Old) |
14.00 % |
— |
— |
— |
| Car Purchase |
— |
— |
8.75 % |
— |
| Car Purchase (old) |
— |
— |
13.00% |
— |
| Two wheeler |
— |
— |
10.00% |
— |
Rate of Interest for Agricultural Development loans.
| TYPE OF LOAN |
Interest |
| Subsidiary agriculture business |
12.50 % |
| TYPE OF LOAN |
Interest |
| Builders / Developers Loan (Project Loan) (36 Months) |
13.50 % |
Professional Loan
| TYPE OF LOAN |
Interest |
| e.g.: Docter, Chartered Accountant, architect, CS, Management Consultant etc.Professional Loan (Upto 25Lacs) |
9.50 % |
Professional Loan (Above 25Lacs)
| Credit Rating |
interest RATE |
| AAA |
9.50 % |
| AA |
10.00 % |
| A |
10.50 % |
| BBB |
11.75 % |
| BB |
12.00 % |
| B |
12.50 % |
|
Gulmohar Loan Scheme.
| TYPE OF LOAN |
Interest |
| Period maximum 100 Months |
13.00 % |
Suvaran Urban Loan Schemes.
| TYPE OF LOAN |
Interest |
| Net Gold Rate 100% |
10.00 % |
| Net Gold Rate 100% + Rs.50,000/- |
12.00 % |
| Net Gold Rate 100% + Rs.75,000/- |
12.50 % |
| Net Gold Rate 100% + Rs.1,00,000/- |
13.00 % |
| Real Estate/Housing Loan(Suvaran Urban Yojana) |
10.00 % |
