Interest Rates-Retail Loans

    
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Annexure-A

     

Retail Loans

 

Revised Rate of Interest w.e.f. 30.01.2021

 
     

(@ %.p.a.)

 

Sr. No.

Description

Particulars

Revised ROI

 

1

Housing Loan

Up to Rs.28.00 lakh

For all New Housing & Takeover of Housing Loans upto Rs. 70.00 Lakhs

 

New Flat with 5% Margin

7.45 (New Flats)

 

Resale Flat with 1   5% Margin

7.35 (New & Resale)

 

New & resale Flat, Construction of House / Bungalow with 20% Margin

7.25 (New / Resale Flats & constn of house/ Bunglow for loan up to Rs. 70.00 Lakhs)

 

Above Rs.28.00 lakh

1.Concession of 0.05% in applicable ROI for women & transgender borrower

 

New Flat with 5% Margin

2. If CIBIL Score (Both- CIBIL Transunion Score & Personal

 

Resale Flat with 15% Margin

Loan Score) is above 750 then, Concession in ROI @0.10% is applicable.

 

New & resale Flat, Construction of House / Bungalow with 20% Margin

   

For Take Over of Housing Loan

   

Margin

   

With Margin @ 5%

   

With Margin @ 20% and above

   

2

Super Flexi Term Loan & Overdraft

Up to Rs. 10.00 lakh

9.75

 

Flexi Term Loan & Overdraft

Above Rs. 10.00 lakh Up to Rs. 50.00 lakh (Individual i.e. for personal Use/ Consumer expenditure)

9.75

 
 
 
   

3

Vehicle loan (for personal use)
(100% Loan)

Upto Rs. 20.00 lakh(4Wheeler)

   
 
Up to 36 months
 7.95 

Upto 60 Months

8.50 (Repayment period up to 7 years)

 

Above 60 Months

8.50 (Repayment period up to 7 years)

 

Above Rs. 20.00 lakh

   

Up to 60 months

10.95 (repayment period up to 7 years)

 

Above 60 months

10.95 (repayment period up to 7 years)

 

4

Vehicle Loan- Four wheeler (Festival Dhamaka - 10% Margin )

Upto 60 Months

8.25(Repayment period up to 7 years)

 

Above 60 Months

8.25(Repayment period up to 7 years)

 
 

Concession in Rate of Interest @0.10%, if CIBIL scores of the Borrower (i.e. Creditvision Score and Personal Loan Score) are 750 & above.

 

5

Vehicle loan for 2 wheeler (for personal use)

Up to Rs. 20.00 lakh

   

Up to 60 months

8.25 (Repayment period up to 7 years)

 

Above 60 months

8.25 (Repayment period up to 7 years)

 

6

Vehicle Loan Used Vehicle ( for personal use)

Up to Rs. 5.00 lakh

9.95

 

Above Rs. 5.00lakh up to Rs. 20.00 lakh

10.95

 

7

Loan for Higher Education

Up to Rs. 4.00 Lakh

9.75   
(0.50% concession for Girl Students) In case of Option II, Funding of Interest , 1% additional interest to be charged.

 

Above Rs. 4.00 lakh to Rs. 20.00 lakh

 

Above Rs. 20.00 lakh to Rs. 60.00 lakh

 

(0.50% concession for Girl Students)

 
 
 
 
 
 

8

Consumer Loan

Up to Rs. 5.00 Lakh

9.95

 

9

New Personal Loan scheme - Atma Nirbhar Bharat

Upto Rs. 0.50 Lakhs

   

for the loan upto Rs. 25,000/-

7.95

 

for the loan above Rs. 25,000/-

8.95

 

10

DNS CARES - PERSONAL LOAN SCHEME FOR BUSINESS PERSONS AND ANY INDIVIDUAL

Upto Rs. 4.50 Lakhs

   

ROI during moratorium

10.00

 

after completion of moratorium then applicable ROI on unsecured loan for business purpose.

11.95

 

11

Personal Loan General

Up to Rs. 5.00 Lakh

11.95 (Concession of 0.50 % in ROI for salary deduction, is discontinued)

 

12

Personal Loan against Kanasanchay Deposit

 

11.95

 

13

Demand Loan /Overdraft against Bank FD Receipt

0.5% over & above ROI of Term Deposit. Against third party deposit @1.50% over & above ROI of Term Deposit.

No change

 

14

OD_Overdraft against KS(Mini LN Scheme)

 

11.95

 

15

Loan to Pensioner

 

9.95

 

16

Loan Against Gold Ornaments

Term Loan

8.50

 

Overdraft

 

17

Loan/ Overdraft Against Gov Sec NSC LIC KVP

 

9.00