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Total Business of the Bank has crossed Rs. 149.00 Crores

Loan Interest Rate

SL.NO. LOAN PARTICULERS New ROI
1 Gold Loan:- MAXIMUM PERIOD 1 YEAR
1. Loan up to Rs.2.00 Lakhs. 10.00%
2. Above 2 Lakh upto 15 Lakh 10.50%
2 Joint Loan 16.00%
3 IMMOVABLE PROPERTY LOANS;- Maximum period 10 years
1. HOUSE CONSTRUCTION / PURCHASE.
Loans up to Rs.5.00 lakh upto 10 lakh 10.00%
Loans above Rs.10.00 lakh up to Rs.15.00 lakh 10.50%
Loans above Rs.15.00 lakh up to Rs.30.00 lakh 10.50%
Loans above 30 Lakhs upto Rs 70 Lakh 11.00%
4 Purchase of Vacant Site with costruction there on with in 2 yrs
Loans up to Rs.5.00 lakh upto 10 lakh 10.00%
Loans above Rs.10.00 lakh up to Rs.15.00 lakh 10.50%
Loans above Rs.15.00 lakh up to Rs.30.00 lakh 10.50%
Loans above 30 Lakhs upto Rs 70 Lakh 11.00%
5 REPAIRS & RENOVATION up to Rs.5.00 Lakh 10.00%
Maximum period 5 years
6 Commercial Real Estate 14.50%
7 OTHER PURPOSES:- Maximum period 10 years
TAKE OVER FROM OTHER BANKS / NBFC /SOCIETIES
MARRIAGE / MEDICAL EXPENSES.
Loans up to Rs.10.00 lakh to 25 Lakh 14.00%
Loans above Rs.25.00 lakh 14.50%
8 Repayment of debts
Loan upto 10 Lakh 14.00%
above 10 Lakh to 25 Lakh 14.50%
SMALL INDUSTRIES & BUSINESS IMPROVEMENT:-
PURCHASE OF MACHINARY / WORKING CAPITAL
BUSINESS IMPROVEMENT:-
INDIVIDUAL LOANS UP TO 1 CRORE 14.00%
GROUP OF COMPANY BORROWERS:- above 1 CroreUP TO 4 CRORE 14.50%
10 MEDIUM ENTERPRISES OVER DRAFT LOANS:-
OVERDRAFT FACILITY FOR CURRENT ACCOUNT HOLDERS
upto 50 Lkah 14.50%
above 50 Lakh upti 1 crore 15.00%
GROUP OF COMPANY BORROWERS:- UP TO 4 CRORE 15.00%


Housing Loan Scheme

SL.NO. HOUSING LOAN SCHEME Revised Interest Rate E M I PER LAKH RUPEES E M I PER LAKH RUPEES
SECURITY ;- Immovable Property Mortgage 10 years 15 years
MAXIMUM LOAN;- Rs.30.00 Lakhs
MAXIMUM PERIOD OF LOAN:-10 YEARS
PURPOSE OF LOAN
A. Construction of dwelling House. No Foreclosure charges
1. The Moratorium or repayment holiday period will be granted.
2. 18 months from the date of 1st installment of the loan or till completion of construction, whichever is earlier.
B. Purchase of House / Flat. No Foreclosure charges
C. Purchase of Site/Construction of dwelling No Foreclosure charges
House there on with in 2 Years
1. Loan Up to Rs.10.00 Lakh 11.00% 1378/- 1137/-
2. Loan above 10.00 lakh up to 15.00 lakh 11.50% 1406/- 1168/-
3. Loan above 15.00 lakh up to 30.00 lakh 12.00% 1435/- 1200/-
D. Repairs, Alterations and Additions to house / Flat 13.50% 2301/- N A
Maximum Loan : Rs.5.00 Lakh
Maximum Period of Loan;- 5 years (60 EMI)
E. PURCHASE OF SITE / NO CONSTRUCTION (C R E ) 14.00% 1553/- 1332/-

Note:-

  • All loan sanctions are subject to assessment of aggregate repayment capacity of borrower.
  • Interest has to be serviced for the availed loan amount during the construction period.
  • After purchase of the site, if house building is not constructed with in 2 years, the applicable interest rate shall be @14% p.a.from the original date of loan.
  • Licence , sanctioned buildig plan, Estimated cost of construction is mandatory.