Interest Rate

Bank Interest Rate

Sr.No. Period Rate of interest
1 07 Days to 29 Days 3.50%
2 30 Days to 90 Days 4.00%
3 91 Days to 180 Days 4.50%
4 181 Days to 364 Days 5.00%
5 12 Months to 35 Months 6.25%
6 36 Months to 60 Months 6.50%

Bank Loans and Advances Rate

Sr.No. Type of Loan Rate of Interest for Loan and Advances up to Rs. 10 Lac Rate of Interest for Loan and Advances More than Rs. 10 Lac
1 Vehicle Loan (Two Wheler) 11.00% 11.00%
2 Commercial Vehicle (New Vehicle) 12.00% 12.00%
3 Housing Loan ( Home Loan ) 8.50% 8.50%
4 Hypothecation Cash Credit 10.50% 10.75%
5 Loan against Fix Assets 10.50% 10.75%
6 Machinery Loan 10.50% 10.75%
7 Professional Loan 10.50% 10.75%
8 Working Capital Instalment Loan 10.50% 10.75%
9 Loan for Working Capital & Overdraft 10.50% 10.75%
10 Commercial Real Estate Loan ( CRE ) 11.00% 11.50%
11 Bankable Loan 11.00%
12 Sabhasad Loan 12.00%
13 Clean Cash Credit 12.00%
14 Vehicle Loan ( Four Wheler) 8.50% 8.50%
15 Old Vehicle Loan 12.00%
16 Vehicle Loan (New Four Wheeler Vehicle) 8.25% 8.25%
17 Vehicle Loan (New Four Wheeler Vehicle) If CIBIL Score is Above 700 7.50% 7.50%