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InterestRates

Interest Rates On Loans & Advances

         
Head of Loans/Advances Rate of Interest(%) Rate of Interest(%)

CKCC/CROP LOAN/RMG/JLG(INTEREST SUBVENTION) Including KCC AH & F

Up to Rs.3,00,000/- during subvention period 7.00%
Up to Rs.3,00,000/- after subvention period 13%
Above Rs.3 00,000/- 13%

KCC
Kisan Credit Cards – own Tenanat farmers - All Other
Upto 3 Lakh during interest subvention 7%
Upto 3 lakh after subvention period 13%
Above 3 Lakh 13%
Crops & KCC AH & KCC Fisheries , ornamental nursery
Fisheries > 2 lakhs 11%
Ornamental Nursery > 3 lakhs 11% (for animal husbandry and fisheries subvention upto 2.00 lakh, for remaning all loans Subvention is upto 3.00 lakh)

MSME
MSME Loans With CGTMSE Coverage 12%
MSME Loans With out CGTMSE Coverage 11%
PM VISWAKARMA 13%
LAKPATHI DIDHI 12%

Housing Loan
CIBIL Credit Vision Score:
>=8008.5%
750 - 799 8.75%
700-749(Card Rate) 9%
650-699 9.50%
New to Credit(-1 score) or 101-200 9%
Others 10%

EDUCATION LOANS

Vidya Lakshmi (UBI EBLR +0.5%) 9.25%
With 100% cash Margin 10%
Loans up to and inclusive of Rs.7.50 Lakhs (irrespective of coverage under CGFSEL) 10.50%
Collateral security is urban property 10.5%
Collateral security is Rural/Semi urban property 11.5%

PROPERTY LOANS

CIBIL Credit Vision Score:
>=750 11%
700-749(Card Rate) 11.25%
below 700 11.75%
New to Credit(-1 score)or 101-200 11.25%

GOLD LOAN

All types of Agricultural Gold Loans 9.75%
Non – Agricultural Gold Loans 10%

SHG

SHG -FARM SECTOR

Sanction Limit upto 3.00Lakh 7%
Sanction limit above 3.00 Lakh & upto 5 Lakh 10%
Sanction limit above 5 Lakhs 13%

SHG-NON FARM SECTOR

Sanction Limit upto 3.00Lakh 9.5%
Sanction limit above 3.00 Lakh 13%

LAD
Loan against deposit 1.5% over deposit rate

OVERDUE / PENAL RATES OF INTEREST & Ad-hoc Limits
A. Overdue Interest Rate Over the Applicable Normal Rate (%)
i) Aggregate credit sanction limit exceeding Rs.5000/- in the case of Non-priority sector advances and credit sanction limit exceeding Rs.25000/- in the case of priority sector advances 2.00%
B. Penal Interest over the Applicable Normal Interest Rate
i) For Non-submission/delayed submission of monthly stock statements to be charged for delayed period. 1.00%
ii) For Non-Submission of renewal proposal / Additional Information / Requirements on the renewal proposal for the delayed period and other cases:
a.    Outstanding exceeds limit/Drawing Power in the accounts including unpaid interest for a period exceeding seven days from the date of closure of the quarter. 2.00%
b.    Working Capital limits which are overdue for renewal even if the limits are reviewed (from the due date of the limits till date of submission of renewal application with complete information). 2.00%
c.    For OCC / SOD limits of Rs.10 Lakhs & above, where submission of Audited Balance Sheet / Financial Statements is required, Penal Interest is to be charged for non-submission of such statements after completion of 6 months from the date of closure of Financial Year. 2.00%
iii) Overdue instalments / interest in case of term loans and entire outstanding amount in case of recalled advances. 2.00%
iv) Invoked Bank Guarantees and Deferred Payment Guarantees. 2.00%
v) Returned bills from the date of purchase/discount till the date of adjustment. 2.00%
vi) The total overdue interest / penal interest to be charged on account of any of the above reasons should not exceed. 2.00%
vii) Ad-hoc Limits 2.00%
C. Pre-closure Penalty
Applicable for all non-agricultural credit facilities (including takeovers from our Bank) & Term Loan for Agri Land Purchase except in case of closure of housing loans & education loans from own funds of the borrower:
Pre-closure charges @ 1% will be levied on residual outstanding loan amount as at the end of the month in which the loan is being closed as per the stipulated loan repayment schedule generated in line with the loan sanction terms.
Note: Pre-closure penalty is not applicable in case of agricultural loans & advances & SOD/OCC limits. Pre-closure charges/penalty is applicable in case of Term Loan for Agri Land Purchase as detailed above.

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