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 | 6.25% (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 + 2.55) |
|
Upto 30 Lakhs |
9.90 (Repo Rate + 3.65) |
|
Above 30 Lakhs and upto 75 Lakhs |
9.95 (Repo Rate+ 3.70) |
|
Above 75 Lakhs |
10.00 (Repo Rate+ 3.75) |
|
Home Loan – Self-employed |
|
|
Loan Amount |
Interest Rate |
|
Upto 30 Lakhs |
9.95 (Repo Rate + 3.70) |
|
Above 30 Lakhs and upto 75 Lakhs |
10.00 (Repo Rate + 3.75) |
|
Above 75 Lakhs |
10.05 (Repo Rate + 3.80) |
|
Car Loan |
|
|
Type |
Interest Rate |
|
New Car |
Starting from 10.40% - 12.65% |
|
Used Car |
Starting from 16.05% |
|
Other Loans |
|
|
Type |
Interest Rate |
|
Property Power Loan (LAP) |
12.35 (Repo Rate + 6.10) - 12.75 (Repo Rate + 6.50) |
|
Education Loan |
12.00 (Repo Rate + 5.75) - 13.75 (Repo Rate + 7.50) |
|
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) |
Starting from 17% - 22% |
|
Super Bike Loan (500cc and above) |
Starting from 12.50% - 17.50% |
|
Personal Loan |
Starting from 11.99% - 15.49% |
|
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 |
|
Home Loan |
12% |
|
Property Power Loan (LAP) |
14% |
|
Auto Loan |
10.40% |
|
Loan Against Car |
14% |
|
Education Loan |
15% |