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 |
Term Loan - Up To 8.50% |
| Home Loan Plot + Construction | Up To 8.75% |
|
Other Loans |
|
|
Type |
Interest Rate |
|
Property Power Loan (LAP) |
Term Loan - Up To 9.25% |
|
Education Loan |
Up To 12.25% |
| Car Loan (New Car) | Up To 11.65% |
| Car Loan (Used Car) | Up To 15.05% |
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
|
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 |
Onwards 11.99 % |
|
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 |
12.25% |
|
Term Loan - Against Third Party Securities |
12.50% |
|
Easy Cash (Overdraft) - Against Own Securities |
12.50% |
|
Easy Cash (Overdraft) - Against Third Party Securities |
12.75% |
|
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 |
12.25% |
|
Home Loan |
12% |
|
Property Power Loan (LAP) |
14% |
| Car Loan (New) | Up To 9.25% |
|
Car Loan (Used) |
Up To 13.25% |
|
Loan Against Car |
14% |
|
Education Loan |
15% |
| Gold Loans | 9.99% onwards |