|
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 the ex-show room price
|
Up to 7 years
|
8.00%
|
|
|
|
|
Property Mortgage – Term Loan
|
70% of market value of immoveable property
|
10 years
|
9.00%
|
|
Property Mortgage – Overdraft
|
1 year
|
9.00%
|
|
For Factory, shed, godown showroom
|
80% of purchase value
|
10 years
|
9.00%
|
|
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)
|
1 year
|
10.50%
|
|
Upto 10.00 crores (with collateral)
|
1 year
|
8.50%
|
|
Book Debt
|
|
1 year
|
11.00%
|
|
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.
90% of surrender value in case of LIC policy
|
Till date of maturity
1 year
|
8.25%
|
|
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
|
|
- Finance is available at 9.00% for non-conventional energy sources finance.
- 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.
|
