Interest Rates for Retail Loans
Interest Rates for Retail Loans
Present Repo Rate
5.25% (p.a)
Floating Rate Loans (Interest Rates on Retail portfolio linked to RBI Repo Rate)
| Loan scheme/ product | Interest Rate (%) * |
|---|---|
| Home Loan | Term Loan - From 7.50% to 8.75% Overdraft - From 7.70% to 9.50% |
| Home Loan Plot + Construction | From 7.50% to 8.75% |
| Property Power Loan (LAP) | Term Loan - From 8.25% to 9.50% Overdraft – From 8.40% to 9.75% |
| Education Loan | From 11.50% to 13.50% |
Note - The above rates are for loans above Rs 35 Lakhs. For loans below Rs. 35 Lacs eligibility (overall sanction limit) will attract 1% higher rate of interest across for Housing Loan and Loan Against Property.
Retail Loans with Fixed Interest Rates
| Loan scheme/ product | Interest Rate (% p.a)* |
|---|---|
| Car Loan (New) | From 8.25% to 9.25% |
| Car Loan (Used) | From 10.00% to 13.25% |
| Loan Against Car | Up to 13.25% |
| Two-Wheeler Loan | From 13.50% to 15.00% |
| Personal Loan | From 11.75% to 18.99% |
| Loan Against Fixed Deposits - Against Own Deposits |
Deposit Rate + 2.00% *if underlying deposit is non-callable, Deposit Rate + 3.00% |
| Loan Against Fixed Deposits - Against Third Party Deposits | 12.50% or Deposit Rate + 2.00, whichever is higher |
| Term Loan - Against Own Securities | 12.50% |
| Term Loan - Against Third party Securities | 12.75% |
| Easy Cash (Overdraft) - Against Own Securities | 12.75% |
| Easy Cash (Overdraft) - Against Third Party Securities | 13.00% |
| Fed Rise- Against own Recurring Deposits | 10.75% or Recurring Deposit Rate + 2.00, whichever is higher |
| Fed Rise- Against Third Party Recurring Deposits | 11.25% or Recurring Deposit Rate + 2.50, whichever is higher |
| Loan Against Demat Shares | 12.50% |
*T&C Apply