Loan Interest Rates

Interest Rates ( w.e.f. 04-May-2010 ) Sr. No 1 Type of Advance Rate of interest %

2 3

Term Loan/Demand Loan/Cash Credit/ Working Capital Priority Sector SSI and Transport 13 Operator Other Priority sectors Up to Rs. 10 lakh 13 Above Rs. 10 lakh 13 Medical Practitioners & other Professionals 12.00 to 13.00 (maximum advance up to Rs.15 lakh) Purchase of gala by 13.00 Traders Loan to Medical Shops for renovation & air 12.00 to 13.00 conditioner B. Others Up to Rs. 10 lakh 13.00 Above Rs. 10 lakh 13.00 Working Capital to Traders up to Rs. 50 12.00 to 13.00 lakh Personal Loan 15 to 16 Vehicle Loans Two Wheeler Loans 13.00 Car Loans for personal 11 use Loans for Trucks , 12 Trailers to fleet owners Education Loan Up to Rs. 2 lakh 13.00* Above Rs. 2 lakh and 13*

6 7 8 9 10 11 12 13 14 15

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up to Rs 20 lakh * Rebate of 1% allowed on regular repayment annually Tourist Loan Up to Rs. 2 lakh 13 Above Rs.2 lakh and up 13 to Rs. 5 lakh Loans/ Overdraft 2% more than deposit against pledge of rate Bank's Term Deposits Advance against pledge 10 of NSC/ KVP Advance against pledge 10 of Gold Rent Discounting 11.00 to 14.00 Loan against Shares 12 Advance for 13 Agricultural activity Advance to Educational 12.00 to 14.00 Institutions Mortgage (Property) 12.00 to 14.00 Loan Temporary Overdraft 18.00 Housing Loans Loan amount upto 9.50* Rs.15.00 lakh Loan Amount above 8.50* Rs.15.00 lakh * For a initial period of 2 years from the date of sanction, afterwards prevailing rate will apply ** Irrespective of Loan amount but for a initial period of 5 years from 10.50** the date of sanction, afterwards prevailing rate will apply Business Loan Scheme 11.00 - 11.50 for only SMEs
Note: All above mentioned interest rates are per annum and in percentages (%) .

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Business Loan
To meet the expenses of Small and Medium Enterprises Minimum Loan Amount Maximum Loan Amount Repayment Period Security Rs. 50 Lacs Rs. 100 Lacs Up to 7 years Mortgage of unencumbered immovable property/properties having market value of twice the amount of limit , or Paper security i.e. pledge of Term Deposit receipt/s (of our Bank only)/ NSC/ KVP/ RBI Relief Bond or LIC policies assignable in Bank's favor having adequate Surrender Value

Tourism Loan
To meet the expenses of Overseas / Domestic Tour / Travel Maximum Loan Rs. 5 Lacs Amount Repayment Period Up to 3 years Security Up to Rs. 2 Lacs - No Security Required Above Rs. 2 Lacs - 100% Collateral Security in the form of Mortgaged Property / FD / NSC / KVP / LIC Policy / Gold etc... Guarantators Up to Rs. 1 Lack - One Guarantator Above to Rs. 1 Lack - Two Guarantators

Educational Loan
To meet the expenses of Educational / Professional Courses Maximum Loan Rs. 20 Lacs Amount Repayment Period Maximum 5 years excluding moratorium for duration of the courses (moratorium may be extended for further six months after completion of the course). Repayment During moratorium period only interest is to be paid. Procedure EMI will start after completion of the course or earlier if the student fails in any of the intermediate examinations before the final examination. Security Up to Rs. 2 Lacs - No Security Required Above Rs. 2 Lacs - Collateral Security in the form of Mortgaged Property / FD / NSC / KVP / LIC Policy / Gold etc... Guarantators Two Guarantators

Property Mortgage Loan

These are the various schemes to meet unforeseen expenses in case of exigencies against the security of a property already owned. This can be availed by businessmen for urgent & unexpected credit needs of their business as well as by individuals for their personal need in case of any emergency. This is also very useful to meet the expenses of repair / renovation of an existing property. Maximum Loan Rs. 100 Lacs subject to 50% of the value of the property or 2 year's

Amount Repayment Period Security Guarantators

income of the applicant - whichever is lower Upto 5 years Mortgage of the property Minimum Two Guarantators

Business Loan
For providing financial assistance to traders, industrialists and self-employed persons to meet their business needs.

1. Working Capital Finance

Maximum Loan Amount Repayment Period Security Collateral Margin Guarantators Rs. 500 Lacs One year, renewable annually Stock, Receivables Mortgage of property, FD / NSC / KVP / LIC Policy etc... 30% to 40% Minimum Two Guarantators

2. Term Loans / Project Loans

For financial assetslike plant & Machinery, equipments & tools, furniture & fixture, immovable properties like factory land & building Maximum Loan Rs. 500 Lacs Amount Repayment Period Maximum 5 years Security Hypothecation of the fixed assets financed. In case of immovable properties, the same will be mortgaged Collateral Mortgage of property (other than taken as primary security), FD / NSC / KVP / LIC Policy etc...

Vehicle Loan
For purchase of New or Pre-Owned (Upto 3 years old) Car - for Personal (NonCommercial) use. Maximum Loan Amount New Car Upto 90% of on-road price Pre-Owned Car Upto 1 year old - 75% of value / Purchase Price Upto 2 year old - 60% of value / Purchase Price

Repayment Period

Upto 3 year old - 50% of value / Purchase Price New Car Maximum 5 years Pre-Owned Car Maximum 3 years Hypothecation of car At least One Guarantator

Security Guarantators

1. Home Loan
For aquiring own Flat / House - New or Resale Maximum Loan Amount Rs. 50 Lacs subject to New Flat / House - 90% of Purchase Price (including stamp duty & registration fee) Resale Flat / House - 90% of Purchase Price (including stamp duty & registration charges) Repayment Period Security Guarantators Maximum 15 years Mortgage of the house property Upto Rs. 5 Lacs - One Guarantor Above Rs. 5 Lacs - Two Guarantors

2. Top Up Loan
(Onlyfor existing borrowers who have taken home loan prior to 1st June 2009). For repair / renovation and furnishing of house. Maximum Loan Amount Rs. 2 Lacs. Interest Rate linked to the interest rate of the existing Housing Loan Account .

Personal loan
For purchase of Consumer Durables / Two Wheelers, House Repair, Repayment of old debt, Meeting expenses for ceremonies like marriage etc... Maximum Loan Amount Repayment Period Security Guarantators 2 Lacs Upto 5 years No security required Two Guarantators

Gold loan
A very simple way to arrange funds in case of an emergency. Can be availed by individuals for their personal needs. Maximum Loan Amount Rs.50,000/- and more Repayment Period Maximum 2 years Security Pledge of Gold ornaments

Loan Ipo
The facility is available for individuals / businessmen for any purposes - personal or business needs Minimum Loan Amount Rs.50,000/Repayment Period Till maturity date of the NSC / KVP, interest is payable every month Security Pledge of NSC / KVP