Loans and Advances

Loan Rates

Bank offers various loans on best rates, check the prevailing rates and contact our nearest branch for more details.

Rate of Interest on Loans & Advances

Demand Loans

Against FD2% above FD rates
Advances against third party deposits against FD2.50% above FD rates
Against NSC/ KVP/ LIC Policies11.50%
Against third party NSC/ KVP/ LIC Policies13.00%
Against Gold Ornaments18%

Term Loans

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Auto Loan (Four Wheeler)12%
Auto Loan (Two Wheeler)12%
SSI Units14%
Personal Loan18%
Personal Loan for staffPersonal Loan for staff13%
Working Capital Term Loan14%
Advances to Professionals14%
Commercial14%
Educational Loan14%
Loan Against Property (LAP)(only against residential and commercial property)13%
Housing Loan (Floating)9.75 %
Penal Charges on overdue amount of Loan2%

OD/CC Limits

Against FD2.50% above FD rates
Advances against third party deposits against FD3% above FD rates
Against NSC/ KVP/ LIC Policies12%
Against third party NSC/ KVP/ LIC Policies14%
Cash Credit Limit14%
OD Limit against any other security13%