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% |