Interest Rates for Retail Loans
Interest Rates on Loans and Advances
Floating Rates Loans (Interest Rates on Retail portfolio linked to RBI Repo Rate)
| Present Repo Rate | 6.50% (p.a) |
|
Description of loan scheme/ product |
Range of Spread over EBR (% p.a)* |
|
Home Loan - Salaried |
|
|
Loan Amount |
Interest Rate |
|
For CIBIL score 850 or above |
8.80 (Repo Rate + 2.30) |
|
Upto 30 Lakhs |
10.15 (Repo Rate + 3.65) |
|
Above 30 Lakhs and upto 75 Lakhs |
10.20 (Repo Rate+ 3.70) |
|
Above 75 Lakhs |
10.25 (Repo Rate+ 3.75) |
|
Home Loan – Self-employed |
|
|
Loan Amount |
Interest Rate |
|
Upto 30 Lakhs |
10.20 (Repo Rate + 3.70) |
|
Above 30 Lakhs and upto 75 Lakhs |
10.25 (Repo Rate + 3.75) |
|
Above 75 Lakhs |
10.30 (Repo Rate + 3.80) |
|
Car Loan |
|
|
Type |
Interest Rate |
|
New (for CIBIL score 850 or above) |
8.85 (Repo Rate + 2.35) |
|
New (others) |
11.00 (Repo Rate + 4.50) |
|
Used |
16.30 (Repo Rate + 9.80) |
|
Other Loans |
|
|
Type |
Interest Rate |
|
Property Power Loan (LAP) |
12.60 (Repo Rate + 6.10) - 13.00 (Repo Rate + 6.50) |
|
Education Loan |
12.55 (Repo Rate + 6.05) - 15.90 (Repo Rate + 9.40) |
|
Gold Loans |
8.89 (Repo Rate + 2.29%) - 9.59 (Repo Rate + 3.09%) |
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) |
17.00 |
|
Super Bike Loan (500cc and above) |
12.50 |
|
Personal Loan |
11.49 to 14.49 |
|
Gold Loan |
9.79% to 21.5% |
|
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 |