| Type of Loan |
Maximum permissible |
Period |
Interest Rate |
| Housing Loan |
90% of the cost with maximum Rs 140.0 lacs |
Upto 20 years |
8.50% |
| Car Loan |
90% of ex-show room price |
Up to 7 years |
8.25% |
| Property Mortgage – Term Loan |
70% of market value of immoveable property |
10 years |
9.25% |
| Property Mortgage – Overdraft |
1 year |
9.25% |
| For Factory, shed, godown showroom |
80% of purchase value |
10 years |
9.50% |
| Machinery Loan |
85% of invoice value |
7 years |
9.50% |
| Equipment Loan |
7 years |
9.50% |
| Cash Credit |
Upto Rs 3.00 Lacs (without collateral) |
|
10.50% |
| Cash Credit |
With collateral |
|
8.75% |
| NSC / KVP – Term Loan |
70% of face value if NSC purchase date is upto 2 years and 80% if NSC purchase date is more than 2 years. |
Till date of maturity |
8.25% |
| 90% of surrender value in case of LIC policy |
1 year |
| NSC / KVP – Overdraft |
|
|
8.25% |
| Loan / Overdraft against bank’s own term deposit |
95% of term deposit amount |
Till date of maturity |
1% over interest rate of term deposit |
| Nawanagar Jyoti Yojana - Solar Roof Panel loans @ 9.00% |
| Non-conventional energy finance Windmill loans @ 9.00% |
| If installments are paid regularly, additional rebate of 0.50% in Housing Loan, Machinery Equipment Loan, Wind Mill Loan, Solar Roof Loan, Factory Shed, Shop, Godown Loan. |
| Note: Rates of interest are subject to change without any prior intimation |
