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Rate of interest - loans.

Interest Rates on Savings Bank Deposit


Name of Loan Schemes Criteria Interest Rates (w.e.f. 01.10.2020)
Kisan Credit Card Up to Rs. 3.00 Lakh 9.00% (7% p.a. in case eligible under interest subvention scheme)
>Rs. 3.00 Lakh to 25.00 lakh 9.75%
> Rs. 25.00 Lakh 10.75%
Indirect Agriculture & other priority sector loan schemes e.g. Krishi Samagri Vyavsayi Yojna, ACABC, Slaughter House,Solar Photovoltaic System Up to Rs. 3.00 Lakh 9.00%
>Rs. 3.00 Lakh to 25.00 lakh 10.00%
> Rs. 25.00 Lakh 11.50%
Prof. & Self Employed Up to Rs. 3.00 Lakh 9.00%
>Rs. 3.00 Lakh to 25.00 lakh 9.50%
> Rs. 25.00 lakh 10.00%
Saral Vyapar Yojna (Up to Rs. 25.00 Lakh) (Fixed Rate)
(Not based on credit rating)
10.00%
Above 25.00 Lac
(Based on Credit Rating)
Credit Rating Interest Rate
A+ 10.00%
A 10.25%
B+ 10.50%
B 11.50%
C & D 12.50%
Farm Mech Scheme (Tractor, Power Triller & Harvester) and other Direct Agri Invest. Credit Schemes viz Kisan Sulabh Loan, Agri. Land Purchase, OFWM, Agri. Implements, Dairy, DEDS, Fisheries, Piggeries, Sheep/Goat. Poultry, Deep Borewell, FPC, Agri Junction, Debt Swap, Horticulture, Loan for cold storage & Loan Against Ware House or Cold Storage Receipt. Up to Rs. 3.00 Lakh 9.00%
>Rs. 3.00 Lakh to 25.00 lakh 10.00%
> Rs. 25.00 Lakh 11.00%
General Credit Card (GCC), SCC & WCC Up to Rs. 3.00 lakh (Fixed Rate)
(Not based on credit rating)
9.00%
>Rs. 3.00 Lakh up to Rs. 25.00 lakh 10.50%
Loan Above Rs. 25.00 lakh
(Based on Credit Rating)
Credit Rating Interest Rate
A+ 9.00%
A 9.50%
B+ 10.00%
B 10.75%
C 13.00%
D 13.50%
Micro / Small Enterprises
MSME Up to Rs. 3.00 lakh (Fixed Rate)
(Not based on credit rating)
9.00%
>Rs. 3.00 Lakh up to Rs. 25.00 lakh 10.00%
Loan Above Rs. 25.00 lakh
 (Based on Credit Rating)
Credit Rating Interest Rate
A+ 9.00%
A 9.50%
B+ 10.00%
B 10.75%
C 13.00%
D 13.50%
Credit Rating Interest Rate
Trade Finance - Working Capital Up to Rs. 3.00 lakh (Fixed Rate)
(Not based on credit rating)
9.00%
>Rs. 3.00 Lakh up to Rs. 25.00 lakh 10.00%
Loan Above Rs. 25.00 lakh
(Based on Credit Rating)
A+ 9.00%
A 9.50%
B+ 10.00%
B 10.75%
C 13.00%
D 13.50%
Road Transport Operator (SRTO) Up to Rs. 3.00 lakh (Fixed Rate)
(Not based on credit rating)
11.00%
>Rs. 3.00 Lakh up to Rs. 25.00 lakh 10.75%
Above Rs. 25.00 Lakh
(Based on Credit Rating)
Credit Rating Interest Rate
A+ 10.50%
A 11.00%
B+ 11.50%
B 11.75%
C 13.00%
D 13.50%
SHG Up to Rs. 3.00 Lakh 10.00%
>Rs. 3.00 Lakh & upto Rs. 5.00 Lakh 11.00%
Above Rs. 5.00 Lakh 11.50%
JLG Interest rate same as applicable on the type (scheme) of finance.
Housing Loan
(Including Home Improve)
(Based on Credit Rating)
CIBIL (Credit Vision) Score For All cases
726 & above 7.00%
>700 but < 726 7.50%
658 & above but up to 700 8.50%
CIBIL (-1) 7.50%
Staff (Public Scheme) 7.00%.
Education Loan Up to Rs. 04.00 Lakh (0.5% rebate-Girl Student) 12.50%
>4.00 L to 7.50 L (0.5% rebate-Girl Student) 12.50%
> Rs. 7.50 Lakh (0.5 % rebate-Girl Student) 10.50%
Education Loan (Premier Inst) such as IIM-Ahmadabad/ Kolkata/ Bangalore/ XLRI-Jamshedpur etc. All Cases 8.25%
Loan for Bank Premises Up to Rs. 2.00 Lakh All cases 10.50%
More than Rs. 2.00 lakh
Baroda Gramin- Loan Against Future Rent Receivables. All Cases 12.00%
Pensioners Loan Scheme All Cases 10.50%
Car Loan
(Based on Credit Rating)
CIBIL (Credit Vision) Score Preferred/ Non- Preferred
768 & above 7.75% / 8.00%
726 to 767 8.25% / 8.50%
700 to 725 9.25% / 9.50%
Below 700 10.25%/10.50%
CIBIL (-1) 8.25% / 8.50%
Staff 7.50% / N.A.
Personal Loan Scheme including Shikshak Samman Yojna
(Based on Credit Rating)
Existing customers having account relationship with us
CIBIL (Credit Vision) Score Rate of Interest
768 & above 10.50%
726 to 767 11.00%
700 to 725 12.00%
658 to 699 13.00%
CIBIL (-1) 11.00%
CIBIL (0) N.A.
Personal Loan-Other cases i.e. for applicant having account relationship with other Bank 768 & above 13.55%
726 to 767 14.55%
700 to 725 15.55%
658 to 699 16.55%
CIBIL (-1) 14.55%
CIBIL (0) N.A.
Personal Loan to Staff CIBIL N.A. 10.00%
Loan to Doctors Credit Rating Interest Rate
Up to Rs. 3.00 lakh (Fixed Rate)
(Not based on credit rating)
9.00%
>Rs. 3.00 Lakh up to Rs. 25.00 lakh 10.00%
Loan Above Rs. 25.00 lakh
(Based on Credit Rating)
A+ 9.00%
A 9.50%
B+ 9.75%
B 10.75%
C 13.00%
D 13.50%
Property Loan Scheme Against Residential Property 8.50%
Against Commercial Property & others 11.25%
LABOD-Public All Cases 1.00% more than FD Rate
LABOD-Staff All Cases 1.00% more than FD Rate
LABOD-Third Party All Cases 2.00% more than FD Rate or 9.00% which is higher
Loan Against LIC Policy-Public All Cases 12.25%
Loan Against LIC Policy-Staff All Cases 12.05%
Loan Against NSC/KVP (Public) All Cases 12.25%
Loan Against NSC/KVP (Staff) All Cases 1.00% over NSC/KVP Rate
Loan to BCs/VLEs All Cases 9.50%
Krishi Udyami Swavlamban Yojna Up to Rs. 3.00 Lakh 9.50%
>Rs. 3.00 Lakh 10.50%
Solar Up to Rs. 3.00 Lakh 9.25%
>Rs. 3.00 Lakh 10.50%
BP/TOD All Cases 18.00%
Two Wheeler Loan Scheme All Cases 11.50%
Loan to Primary Agriculture Credit Societies (PACSs)/Large sized Adivasi Multi purpose Scieties (LAMPs) Up to Rs. 50,000/- 10.00%
>Rs. 50,000/- to 2.00 lakh 10.50%
>Rs. 2.00 Lakh 11.75%
Loan to Farmer's Service Socities (FSSs) Irrespective of Loan Amount 11.25%
Loan to Poly House/Green House/Plant Nursery/Production of Bio Pesticides, Bio Fertilizer, Vermi Compost etc. Up to Rs. 1.00 Crore 10.50%
>Rs. 1.00 Crore 13.25%
Gramin Credit Card Up to permissible limit 13.00%
Debt Swap Scheme As per Direct Agriculture Loans
MUDRA LOANS To be applied according to purpose wise
Stand Up India To be applied according to purpose wise
Top-up Loan facility to existing Home Loan Borrowers All Cases including Staff 8.50%
NHFDC
 (Interest Rebate of 1% for Women)
Up to Rs. 50,000/- 5.00%
>Rs. 50,000 to 5.00 Lakh 6.00%
> Rs. 5.00 Lakh to Rs. 15.00 lakh 7.00%
> Rs. 15.00 Lakh to Rs. 30.00 lakh 8.00%
> Rs. 30.00 Lakh to Rs. 50.00 lakh 9.00%
NSFDC
(Interest Rebate of 1% for Women)
MICRO-CREDIT FINANCE SCHEME (MCF). 5.00%
LAGHU VYAVASAY YOJNA(LVY) 6.00%
MAHILA SAMRIDHI YOJNA (MSY) 4.00%
TERM LOAN Up to Rs.5.00 lakh 6.00%
 >Rs.5.00 lakh & up to Rs.10.00 lakh 8.00%
 >Rs.10.00 lakh & up to Rs.20.00 lakh 9.00%
>Rs.20.00 lakh & up to Rs.27.00 lakh 10.00%
NSKFDC
(Interest Rebate of 1% for Women)
Term Loan 6.00%
Mahila Adhikarita Yojna (MAY) 5.00%
MAHILA SAMRIDHI YOJNA (MSY) 4.00%
Micro Credit Finance (MCF). 5.00%
Education Loan 4.00%
Sanitataion Workers Rehabiliation Scheme (SWRS) 6.00%
Sanitary Mart Scheme 4.00%
All other loans which are not mentioned above Loan Amount Priority Sector Non Priority Sector
Up to Rs. 50,000/- 11.75% 12.50%
>Rs. 50,000/- to Rs. 2.00 Lakh 12.50% 14.50%
> Rs. 2.00 Lakh 14.00% 15.50%
Note:
Preferred Borrowers: Employees of Government/Semi-Govt./Govt. undertakings and Doctors, Engineers, Architects & Chartered Accountants who are continuously filing Income Tax Returns (ITR) for the last 03 years.
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