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 5.75%
6 36 Months to 60 Months 6.00%

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 Comm. Vehicle 12.00% 12.00%
3 Housing Loan ( Home Loan ) 9.00% 9.00%
4 Hypothecation Cash Credit 11.00% 11.50%
5 Loan against Fix Assets 11.00% 11.50%
6 Machinery Loan 11.00% 11.50%
7 Professional Loan 11.00% 11.50%
8 Working Capital Instalment Loan 11.00% 11.50%
9 Loan for Working Capital Overdraft 11.00% 11.50%
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 13.00%