Interest Rates on Loans and Advances

Forex facilities.

RATES OF INTEREST ON LOANS AND ADVANCES

interest rates on loans and advances from 01.06.2024

Particulars Rates (P.A.)
HOUSING LOANS:
(a) Upto 25.00 Lakhs 10.00% %
(b) Above 25.00 Lakhs 11.00 %
Gold Loans 11.00 %
Gold Overdraft 11.00 %
Mortgage Loans 14.00 %
OD against Property 14.50 %
Vehicle Loans 13.50 %
Loans for Small and Medium Scale Industries 14.50 %
Loans/OD To SSI/Business Development 14.50 %
Loans and Advances for Business Development against Stock and Collateral 14.50 %
Loans against Bank Own Deposits
  Self Third party  
a) Having Deposits less than Rs.15.00 Lakhs 2 % 3 % Over and above the rate on Deposit
b) Having Deposits of Rs.15.00 Lakhs and above 1 % 3 %
Loans and Advances against LIC Policy NSC / KVP / Govt. Security issued by State and Central Government 13.00 %
Personal Loans 16.00 %
Staff Loans (for all purposes) 12.00 %
Education Loans 14.00 %