INTEREST
RATE ON LOANS & ADVANCES |
| Types
of Loan |
Rate
of Interest (Per Annum) |
| Prime
|
Others |
| Project
Financing/Term Loan |
| Industry |
11.00% |
12.50% |
| Others |
12.00% |
13.00% |
| Working
Capital Loan |
| Industry |
10.50% |
12.00% |
| Others |
11.50% |
12.50% |
| Contract Loan |
11.50% |
13.00% |
| Other Loans |
13.50% |
14.50% |
| Hire Purchase Loan (Also Vehicle Loan) |
11.50% |
12.50% |
| |
| Special Project Financing |
11.00% |
| Home Loan* |
8.00% to 11.00% |
| Education Loan |
12.00% |
| Loan against Shares |
12.00% |
| Retail /Personal Loan* |
10.00% to 13.00% |
| Corporate Short Term Loan* |
10.00% to 12.00% |
| Loan Against Govt. Bonds |
8.00% |
| Loan against Bank Guarantees |
9.50% |
| Loan against Fixed Deposit |
'+2% |
| * Conditions
apply |
|
|
|
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