Loan Interest Rates
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Sr. No.   Type of Loan (Effective from : 01.05.2020) Interest Rate
1   Against Govt. Securities / NSC / KVP / LIC / Relief Bond 09.00%
2  

Education Loan (up to Rs. 20/-Lakh) 100% OR more collateral 

09.00%
  Collateral less than 100% 09.50%
3   Gold Loan (Maximum One year) 13.00%
4   Auto Loan  
A. Car Loan (Up to Rs. 25/- Lacs) 08.40%
B. Two Wheelers / CNG Rikshaw / Other Commercial Vehicles 11.50%
C. Used Cars (Not more than 2 years old) 13.00%
5   Consumber Durables (Household Goods) 13.50%
6   Doctors Loan  
  Below Rs. 100 Lakh 09.00%
  Rs. 100 Lakh to Rs. 500 Lakh 08.75%
  Rs. 500 Lakh and above & multispeciality Hospitals with doctor's holding more than 51% 08.50%
7   Self employed / service Enterprises / Professionals 09.75%
8  

Housing Loan (up to Rs.70/- lacs)(Floating Rate) Interest Rate for all kinds of borrowers (Woman / Man)

08.10%
     
9   Demat Shares(up to Rs. 10/- lacs) 09.75%
10   Mortgage Loan 09.75%
11   Secured Cash Credit / Overdraft against immovable property (Excluding Real Estate And Credit Rated Accounts)  
A If monthly utilization is more than 60% 09.75%
B If monthly utilization is 60% or less than 60% 10.25%
12   Loans / Overdraft to builders / Contractors Against Real Estate 12.50%
13 A. Loan / OD / against own deposit Deposit Rate + 1.00%
B. Loan / OD / against Third party deposit Deposit Rate + 2.00%
14   Trade & Industry for Working Capital  
A. Working Capital Advances  
1. Limit Less than Rs.25/- Lakh 10.00%
2   Coll. Sec. Less than 100% Coll. Sec. 100% or more
a) Working Capital Limit of Rs.25/- lakh & above but below Rs.100/- lakh (utilization more than 50%) 10.25% 09.75%
b) If monthly utilization is 50% or less than 50% 10.75% 10.50%
3 If Working Capital Limit is for Rs.100/- lakh and more
a) CARD RATE (For unrated having limits Rs.100/- Lakh And more) 09.75%
b)For credit rating "A" (more than 70 marks) 09.25%
c)For credit rating "B" (for marks above 50 and upto 70 marks) 09.75%
d)For credit rating "C" (for marks 50 or less) 10.25%
15   Bill Discounting under L.C. of prime bank 09.00%
16   Clean Cash Credit / Overdraft (up to Rs.5/-lakh) 13.50%
17   Hypothecation of Plant & Machinery (Term Loan)
More than 75% collateral 09.75%
75% or less collaterals 10.25%
18   Term Loan for purchase of Office / Factory-Land & Shed /Godown / Commercial Property - Secures by Coll.Sec. 09.75%
19   Term Loan (Other Fixtures) 09.75%
20   Temporary Loan / Overdraft / Cash Credit 14.50%
21   Excess over sanctioned limit 14.50%
22   Drawing against uncleared effect (Clearing) 14.50%
23   AMCO Jan Kalyan Term Loan / Limit 13.00%
24 Processing Chages : Non-refundable even if party does not utilise credit facility.

(Effective from : 01.04.2020)

    W.C. T.L.
  Upto to Rs.1 Lakh 500/- 1000/-
  Above Rs.1 Lakh to Upto Rs.2 Lakh 500/- 1000/-
  Above Rs.2 Lakh to Upto Rs.5 Lakh 500/- 1000/-
  Above Rs.5 Lakh to Upto Rs.10 Lakh 1000/- 2000/-
  Above Rs.10 Lakh to Upto Rs.25 Lakh 3000/- 3000/-
  Above Rs.25 Lakh to Upto Rs.100 Lakh 0.20% 0.35%
  Above Rs.100 Lakh to Upto Rs.300 Lakh 0.25% 0.45%
  Above Rs.300 Lakh to Upto Rs.500 Lakh 0.25% 0.50%
  Above Rs.500 Lakh 0.30% 0.50%
  Adhoc / Temporary Limits Minimum Rs. 1000/- or 0.15% of the limits sanctioned whichever is higher
Max. Processing Charges will be Rs. 8/- Lakh + GST For Renewal 50% of above charges

Note:-

  • No (Zero) Processing charges to be collected on loan against LIC polices, Education Loans, LFD, FDOD & L.C. Bills discount limits irrespective of amount of loan.
  • Revised processing charges will be levied on all application received on or after 01.05.2017.
  • Branch to collect 50% process charge upfront on receiving application.
  • Remaining 50% to be levied on conveying of sanction.
  • In case of renewals, 50% of above charges to be levied.
  • Processing charges will not be refunded if applicant does not avail disbursement aubsequently.
  • In case of takeover of credit facilities by other Bank/Financial institution 2% prepayment charge shall be applicable, except Housing Loans, Vehical Loans, Doctor's Loan in the names of individuals.
25 Inspection Charges : (Recoverable every Quarter)
    Every Qurter
  for advances up to Rs.10/- lacs Rs.500 + GST
  Above Rs.10/- lacs to Rs.25/- lacs Rs.1000 + GST
  Above Rs.25/- lacs to Rs.50/- lacs Rs.1500 + GST
  Above Rs.25/- lacs Rs.2000 + GST