Advances Interest Rate

RATE OF INTEREST OF ALL ADVANCES FACILITIES
w.e.f. Date : 13.04.2020
Nature of Advance	Upto Rs. 1 Crore	Above Rs. 1 Crore
Hypothecation of Stock, Book debt, Machinery Loan, Bill Purchase, Secured Loan ( SSI ) Facility :
Priority Sector Non - Priority Sector	9.50 % - 9.75 % 9.50 % - 9.75 %	9.00 % - 11.00 % 9.25 % - 11.25 %
Secured OD ( Excluding Real Estate activity ) and Secured Loan (For MSME UNITS) :
Priority Sector Non - Priority Sector	9.85 % - 10.10 % -	9.35 % - 11.35 % -
Secured OD ( Excluding Real Estate activity) & Secured Loan (For Non MSME UNITS) :
Priority Sector Non - Priority Sector	- 10.35 % - 10.60 %	- 9.60 % - 11.60 %
Secured OD ( Excluding Real Estate activity) & Secured Loan (For Non MSME UNITS) Other than Business purpose :
Priority Sector Non - Priority Sector	- 11.00 % - 11.25 %	- 10.00 % - 12.00 %
Rice Mill :	8.50 % - 9.50 %
Agro based A/cs (other than Rice Mill and Cotton Ginning & Pressing)viz., Dal Mill, Flour Mill, Oil Mill, Dairy, Poultry, etc.:	8.75 % - 9.75 %
Printing Press cluster scheme :
100% or more Collaterals 75% or more but less than 100%	9.25 % 9.50 %
Textile cluster scheme :
100% or more Collaterals 75% or more but less than 100%	9.00 % - 10.50 % 9.25 % - 10.75 %
Cotton Ginning & Pressing Cluster:	9.00 % - 11.00 %
CC Pledge :
Priority Sector Non - Priority Sector	8.50 % 9.75 %
Pre- Shipment Export Finance :
Existing with interest subvention Existing without interest subvention	10.00 % 9.50 %
Proposed Priority Sector Proposed Non Priority Sector	9.00 % 9.75 %
Post- Shipment Export Finance :
Existing with interest subvention Existing without interest subvention	10.00 % 9.50 %
Proposed Priority Sector Proposed Non Priority Sector	9.00 % 9.75 %
Foreign Bill Discounting under L/C : (Non-Priority) :
-For DA Basis Export bills drawn under :
Prime Bank LC : Non-Prime Bank LC :	9.25 % 9.75 %
-For Sight Basis Export bills drawn under :
Prime Bank LC : Non-Prime Bank LC (Approved by our bank): Non-Prime Bank LC (Other than approved list) :	9.50 % 10.00 % 10.50 %
Domestic Bill Discounting:	GM & CEO has been delegated powers to decide ROI for Domestic L/c Bill discounting on case to case basis based on merits. The said rates are ratified by DC. This practice will continue.
Commercial Vehicle Loan:	10.50 %
Cash Credit Pledge:	10.00% Priority Sector Advances - 11.00% Others
Cluster based scheme - APMC market:	10.50 %
Scheme for financing Solar Photo voltaic :
Machinery / Equipment Loan Home improvement loan for purchase of Solar Photovoltaic	11.00 % 9.50 %
Unsecured Loan:	13.00 %
Unsecured CC:	13.50 %
Micro finance:	10.25 %
Gree Field Projects :
Priority Sector Non - Priority Sector	9.75 % / 10.00 % 10.25 % / 10.50 %
Real Estate :
With Collateral Without Collateral	12.25 % 12.75 %
Lease Rent Discounting :	9.75 % - 10.25 %
SBOD / SBSL :	10.00 %
LAP Non Individual :
TL Drop Down OD	9.75 % - 10.50 % 10.25 % - 11.00 %
Doctor Mitra :
Priority Sector Non - Priority Sector	8.75 % / 9.25 % 9.00 % / 9.50 %
Vepar Mitra (Small Business CC):	10.00 %
Commercial Vehicle Loan :
Priority Sector Non - Priority Sector	9.75 % 10.00 %
APMC OD (Upto 40 Lakh or 80 % of valuation of property):
Priority Sector Non - Priority Sector	10.00 % 10.25 %
Construction Advances:	Secured Loan and Secured CC - 12.50% if applicant has provided the Collateral Security Otherwise, ROI of 13.00% p.a shall be applicable
Retail Loans:
Home Loan:	8.00 % - 8.60 %
Car Loan:	8.70 % - 8.95 %
Education Loan:	8.75 % - 8.90 %
Two Wheeler Loan:	9.75 % / 10.25 % / 10.75 %
Share Pledge:	10.25 %
CC against Givt. Security:	9.75 %
LAP - Individual :
TL Drop Down OD	10.00 % - 11.00 % 10.50 % - 11.50 %