Loan Interest Rates (w.e.f ) 01-05-2024
| PRODUCTS | INTEREST RATE |
| House construction/Purchase of house/Flat | 8.25% |
| National Savings Certificate/Government Security | 10.00% |
| Higher Education (in India & Abroad) | 10.00% |
Vehicle Loan
|
|
| Against Warehouse receipt
1 crore above |
10.00%
9.50% |
| For Business purpose C.C. Limit — | 8.50% |
| Clean limit/overdraft against mortgage of immovable property. | 9.50% |
| On One/Two/Three Simple Guarantor | 12.00% |
| Against F.D.R. (Including third party) | 1% more than interest paid |
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Note –
- The revised interest rates will be considered effective from 1-5-2024.
- The new revised interest rates will be effective from 1-5-2024 on all new/renewed (new and old) loan cases.
- 0.50% interest rebate on business loans given to women.
- In case of irregular loan (overdue) accounts, 2 percent penal interest will be charged in addition to the above interest.