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. | |||||||||