Loan Interest Rates
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Sr. No.   Type of Loan (Effective from : 01.01.2019) Interest Rate
1   Against Govt. Securities / NSC / KVP / LIC / Relief Bond 09.50%
2  

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

09.50%
  Collateral less than 100% 10.00%
3   Gold Loan (Maximum One year) 13.50%
4   Auto Loan  
A. Car Loan (Up to Rs. 25/- Lacs) 08.60%
B. Two Wheelers / CNG Rikshaw / Other Commercial Vehicles 12.00%
C. Used Cars (Not more than 2 years old) 13.00%
5   Consumber Durables (Household Goods) 14.00%
6   Doctors Loan  
  Below Rs. 100 Lakh 09.50%
  Rs. 100 Lakh to Rs. 500 Lakh 09.25%
  Rs. 500 Lakh and above & multispeciality Hospitals with doctor's holding more than 51% 09.00%
7   Self employed / service Enterprises / Professionals 10.25%
8  

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

8.60%
  (b) Others :- up to Rs.70/- lacs (Period 240 months) 8.50%
9   Demat Shares(up to Rs. 10/- lacs) 10.25%
10   Mortgage Loan 10.25%
11   Secured Cash Credit / Overdraft against immovable property  
A If monthly utilization is more than 60% 10.25%
B If monthly utilization is 60% or less than 60% 10.75%
12   Loans / Overdraft to builders / Contractors Against Real Estate 12.75%
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 11.00%
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%) 10.75% 10.25%
b) If monthly utilization is 50% or less than 50% 11.25% 11.00%
3 If Working Capital Limit is for Rs.100/- lakh and more
a) For credit rating "A" (more than 70 marks) 9.75%
b)For credit rating "B" (for marks above 50 and upto 70 marks) 10.25%
c)For credit rating "C" (for marks 50 or less) 10.75%
15   Bill Discounting under L.C. of prime bank 9.50%
16   Clean Cash Credit / Overdraft (up to Rs.5/-lakh) 14.0%
17   Hypothecation of Plant & Machinery (Term Loan)
More than 75% collateral 10.25%
75% or less collaterals 10.75%
18   Term Loan for purchase of Office / Factory-Land & Shed /Godown / Commercial Property - Secures by Coll.Sec. 10.25%
19   Term Loan (Other Fixtures) 10.25%
20   Temporary Loan / Overdraft / Cash Credit 10.25%
21   Excess over sanctioned limit 15.00%
22   Drawing against uncleared effect (Clearing) 15.00%
23   AMCO Jan Kalyan Term Loan / Limit 13.50%
24 Processing Chages : Non-refundable even if party does not utilise credit facility.
  for advances up to Rs.5/- lacs NIL
  Above Rs.5/- lacs to Rs.10/- lacs NIL
  Above Rs.10/- lacs to Rs.25/- lacs Rs. 2500/-
    W.C. T.L.
  Above Rs.25/- lacs to Rs.100/- lacs 0.10% 0.25%
  Above Rs.100/- lacs to Rs. 500/- lacs 0.15% 0.75%
  Above Rs.500/- lacs 0.20% 0.40%
  Adhoc / Temporary Limits Minimum Rs. 1000/- or 0.15% of the limits sanctioned whichever is higher
Max. Processing Charges will be Rs. 6/- Lacs / 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