Rate of Interest for Loans & Advances

Sl No

Type of Loans

Existing Rate w.e.f
21-10-2015
(%)

Revised
Rate w.e.f
01-07-2016
(%)

1.

House Maintenance/Addition/
Renovation Work

a) Upto Rs.2.00 lakhs
b) Above Rs.2.00 lakhs

 

 

12.00
12.00

 

 

10.50
11.00

2.

 

Consumer Loan/Samridhi Loan

 

13.00

 

12.00

3.

 

Loan for Going Abroad

 

12.00

 

12.00

4.

 

Vehicle Loan

 

12.00

 

11.00

5.

 

Cash Credit /Overdraft

 

12.50

 

12.00

6.

 

Term Loan for Industries

 

..

 

..

7.

 

Cobank Housing Loan   
                               
a) Upto Rs.3.00 lakhs
b) Above Rs.3.00 to Rs.5.00 lakhs
c) Above Rs.5.00 lakhs
d) Above Rs.10.00 lakhs

 

 

11.00
11.50
11.75
11.75

 

9.50
9.50
10.00
10.25

8.

 

Mortgage Loan

 

13.00

 

12.50

9.

 

Cobank Vyapar Loan (only Mortgage Vyapar to be given)

 

13.00

 

12.50

10.

 

Education Loan

 

12.50

 

12.50

11.

 

Loan to Educational Institutions

a) CAPE
b) Cooperative Institutions
c) Others

 

 

11.00
11.00
12.50

 

 

11.00
11.00
12.50

12.

 

 Gold Loan

  1. Upto 3 months
  2. Above 3 months upto 6 months
  3. Above 6 months upto 1 year

9.00
9.25

9.50

9.00
9.25

9.50

13.

 

Purchase of Land for
construction of House

 

12.50

 

12.50

14.

 

Bills Purchase
Upto 15 days
Above 15 days to 3 months
Above 3 months

 

13.00
Addl 2.00 %
Addl 3.00 %

 

13.00
Addl 2.00 %
Addl 3.00 %

Applicable from 01-07-2014 onwards.