Interest Rates

Loan Interest Rates (w.e.f 01.11.2020)

Sr. NoType of AdvanceRate of interest %
   
1Gold Loan - Bullet Loan (LNGB)8.50%  (w.e.f 01.07.20201)
 Gold Overdraft Loan (LNGSOD)8.75%  (w.e.f 01.07.20201)
   
2Housing Loans8.50%
 Loan to House Repair 13.50%
 Top up Loan againest Housing Loan 11.00%
   
3Cash Credit (Hypothication of Stock & Book Debts )12.50%
 Cash Credit ( Hypothication Stock & Book Debts + 60 % collerteral )12.00%
   
4Overdraft againest Mortgage of Property 10.50 % to 13.50 %
   
5Mortgage Term Loan againest Property 10.50 % to 13.50 %
   
6Vehicle Loan  
 Car Loan for Personal Use 10.00%
 Two Wheeler for Personal Use 11.00%
 Auto Rickshaw 12.00%
 Tourist Car / Commercial Vehicle 12.50%
 Existing customer having Borrowing limit of Rs.25.00 Lakhs & above 9.50%
   
7Education Loan  
 In India Up to 20.00 lakhs- Female - Male 10.75 % & 11.00%
 Overseas up to 35.00 lakhs- Female - Male 11.75 % & 12.00%
   
8Loan to Professionals (Medical Practitioners & Others )  
 Personal Loan 11.50%
 Car Loan 9.50%
 Term Loan / Overdraft Loan - againest Property Mortgage 10.50%
   
9Advance against pledge of NSC/ KVP11.00%
   
10Loans/ Overdraft against pledge of Bank's Term Deposits 
 Up to 25.00 Lakhs Deposit 1 % more than Deposit Interst rate /Average Deposit Interest rate
 Above 25 Lakhs Deposit /Bulk Deposit 0.75 % more than Deposit Interst rate /Average Deposit Interest rate
   
11Commercial Real Estate - Builder /Devloper Loan14.00%
   
12Personal Loan -For Salaried Person  
 Gor Group - Special Personal Loan Scheme 11.00 % to 12.00%
 For Sec-49 Deductions - Salary Credit Account Holders 12.50%
 For without Sec-49 and Debit ECS 15.00%
   
13Personal Loan -For Business Man  
 For Covid Personal Loan12.00%
 Other Personal Loan 15.00%

CASH CREDIT LOAN

12.5% for Stock & Book Depts, 12% for Stock, Book depts & 60% Colleteral

EDUCATION LOAN

To meet expenses for pursuing higher Education , at India or abroad. Graduation / post-gradution / medical Dental / engineering / management / law Pilot / air hostess | 10.75 % to 12.00 %