Interest Rates for Retail Loans
Floating Rates Loans (Interest Rates on Retail portfolio linked to RBI Repo Rate)
| Present Repo Rate | 5.25% (p.a) |
|
Description of loan scheme/ product |
Range of Spread over EBR (% p.a)* |
|
Home Loan |
Starting from 8.75% - 10.00% |
|
Car Loan |
|
|
Type |
Interest Rate |
|
New Car |
Starting from 10.00% - 11.90% |
|
Used Car |
Starting from 15.30% |
|
Other Loans |
|
|
Type |
Interest Rate |
|
Property Power Loan (LAP) |
9.50% - 10.00% |
|
Education Loan |
11.25% - 13.00% |
Retail Loans with Fixed Interest Rates
|
Description of loan scheme/ product |
Interest Rate (% p.a)* |
|
Two Wheeler Loan |
|
|
Vehicle Cubic Capacity (cc) |
Interest Rate (%) |
|
Two wheeler Loan (under 500cc) |
Starting from 17.00% - 22.00% |
|
Super Bike Loan (500cc and above) |
Starting from 12.50% - 17.50% |
|
Personal Loan |
Starting from 11.99% - 18.99% |
|
Gold Loan |
9.99% - 11.90% |
|
Loan Against Fixed Deposits – Term Loan / Easy Cash (Overdraft) |
|
|
Type |
Interest Rate (%) |
|
Against Own Deposits |
Deposit Rate + 2.00% |
|
Against Third Party Deposits |
12.50 or Deposit Rate + 2.00, whichever is higher |
|
Loan Against Approved Securities (NSC, IVP, KVP and LIC Policies) |
|
|
Type |
Interest Rate (%) |
|
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 - Loan Against Recurring Deposits |
|
|
Type |
Interest Rate (%) |
|
Against own Recurring Deposits |
10.75% or Recurring Deposit Rate + 2.00, whichever is higher |
|
Against Third Party Recurring Deposits |
11.25% or Recurring Deposit Rate + 2.50, whichever is higher |
|
Loan Against Demat Shares |
12.50% |
|
Home Loan |
12% |
|
Property Power Loan (LAP) |
14% |
|
Auto Loan |
10.40% |
|
Loan Against Car |
14% |
|
Education Loan |
15% |