Interest Rate on Loan Products
| Sr. No | Product Name | Rate Of Interest | % Above MCLR |
|---|---|---|---|
| 1 | Agri and Agri. Allied – Crop, AGI and AGA Dairy and Non Dairy | ||
| Up to Rs.25,000/- | 24% | 10% above the MCLR | |
| Above Rs.25,000/- up to Rs.50,000/- | 21% | 7% above the MCLR | |
| Above Rs.50,000/- up to Rs.1,00,000/- | 20% | 6% above the MCLR | |
| Above Rs. 1,00,000/- up to Rs. 2,00,000/- | 17% | 3% above the MCLR | |
| Above Rs.2,00,000/- | 15% | 1% above the MCLR | |
| 2 | Micro-enterprise – NFS-ME , GME and CC/OD | ||
| Up to Rs.25,000/- | 24% | 10% above the MCLR | |
| Above Rs.25,000/- up to Rs.2,00,000/- (without collateral) | 21% | 7% above the MCLR | |
| Above Rs.50,000/- up to Rs.3,00,000/- (with collateral) | 17% | 3% above the MCLR | |
| Above Rs.3,00,000/- | 15% | 1% above the MCLR | |
| 3 | Gold Loan - Demand Loan against pledge of gold ornaments | ||
| Gold Loan Rs.10,000/- up to Rs.10,00,000/- | 14.5% | 0.5% above the MCLR | |
| 4 | JLG- Under GPL | ||
| Up to Rs. 40,000/- per member/individual max. Rs.2,00,000/- per JLG | 24% | 10% above the MCLR | |
| 5 | Housing- Residential | ||
| House Repair upto Rs.1,00,000/- | 17% | 3% above the MCLR | |
| Above Rs. 1,00,000/- upto Rs.3,00,000/- | 14% | Equivalent MCLR | |
| Above Rs.3,00,000/- | 14% | Equivalent MCLR | |
| 6 | Loan for Commercial Construction(LCC) | ||
| Above Rs. 1,00,000/- upto Rs.3,00,000/- | 15% | 1% above the MCLR | |
| Above Rs.3,00,000/- | 14.50% | 0.50% above the MCLR | |
| 7 | Education Loans - Max tenor 7 years - with collateral | 14% | Equivalent MCLR |
| 8 | Personal Loans ( salaried/self-employed/ Professionals) (Rs.50,000/- upto Rs.2,00,000/-) |
17% | 3% above the MCLR |
| 9 | 16% | 2% above the MCLR | |
| 10 | Mortgage Loans | ||
| Above Rs. 1,00,000/- upto Rs.3,00,000/- | 16% | 2% above the MCLR | |
| Above Rs.3,00,000/- | 15% | 1% above the MCLR | |
| 11 | Loan against Warehouse Receipts (Min. Above Rs.25,000/- only) |
15% | 1% above the MCLR |