The MCLR of Bank continues to be 13.80% with effect from 1st January, 2023

Sr. No Product Name Rate Of Interest Notation to be mentioned in the Loan documents and agreements
1 Agri and Agri. Allied - Crop, AGI and AGA Dairy and Non Dairy    
i) Up to Rs.25,000/- 24% 10.20% above the MCLR and the effective rate will be 24%
ii) Above Rs.25,000/- up to Rs.50,000/- 21% 7.20% above the MCLR and the effective rate will be 21%
iii) Above Rs.50,000/- up to Rs.1,00,000/- 20% 6.20% above the MCLR and the effective rate will be 20%
iv) Above Rs. 1,00,000/- up to Rs. 2,00,000/- 17% 3.20% above the MCLR and the effective rate will be 17%
v) Above Rs.2,00,000/- 15% 1.20% above the MCLR and the effective rate will be 15%
2 Micro-enterprise - NFS-ME, GME & CC/OD    
i) Up to Rs.25,000/- 24% 10.20% above the MCLR and the effective rate will be 24%
ii) Above Rs.25,000/- up to Rs.2,00,000/- (without collateral) 21% 7.20% above the MCLR and the effective rate will be 21%
iii) Above Rs.50,000/- up to Rs.3,00,000/- (with collateral) 17% 3.20% above the MCLR and the effective rate will be 17%
iv) Above Rs.3,00,000/- 15% 1.20% above the MCLR and the effective rate will be 15%
3 Gold Loan - Demand Loan Against Pledge of Gold Ornaments    
i) Gold Loan Rs.10,000/- up to Rs.10,00,000/- 12% 1.80% below MCLR and the effective rate will be 12%
4 JLG- Under GPL    
i) Up to Rs.50,000/- per member/individual max. Rs.3,00,000/- per JLG 24% 10.20% above the MCLR and the effective rate will be 24%
5 Housing- Residential    
i) House Repair upto Rs.2,00,000/- 12% 1.80% below the MCLR and the effective rate will be 12%
ii) Above Rs.2,00,000/- 9% 4.80% below the MCLR and the effective rate will be 9%
6 Loan for Commercial Construction(LCC)    
ii) Above Rs.2,00,000/- 10% 3.80% below the MCLR and the effective rate will be 10%
7 Mortgage Loans    
i) Above Rs.2,00,000/- 10% 3.80% below the MCLR and the effective rate will be 10%
8 Takeover Loan - Housing Loan (Public) 13.60% 0.20% below the MCLR and the effective rate will be 13.60%
9 Takeover Loan – Loan for Commercial Construction (LCC for Public) 13.60% 0.20% below the MCLR and the effective rate will be 13.60%
10 Takeover Loan – Mortgage Loan (LAP for Public) 13.60% 0.20% below the MCLR and the effective rate will be 13.60%
11 Samruddhi Auto Loan 9% 4.80% below the MCLR and the effective rate will be 9%
12 Loan against Warehouse Receipt
(Min. Above Rs.25,000/- only)
15% 1.20% above the MCLR and the effective rate will be 15%
13 Education Loans - Max tenor 7 years - with collateral 14% 0.20% above the MCLR and the effective rate will be 14%
14 Personal Loans (Salaried/self - employed/Professionals)
(Rs.50,000/- upto Rs.2,00,000/-)
17% 3.20% above the MCLR and the effective rate will be 17%
15 Sudhama Loan 16% 2.20% above the MCLR and the effective rate will be 16%
16 Samruddhi Sukshma Loan (Min.Rs.10,000/- - Max. Rs.25,000/-) 18% 4.20% above the MCLR and the effective rate will be 18%