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Loans Interest Rates

Loan Interest Rates

In the meeting of Director’s Committee dated 06th August 2026, it has been decided to revise the interest rates on advances, effective from 10th August 2026 as under

Loan Interest Rate Schedule (Effective 10 August 2026)

 
SR. NO PARTICULAR CIC SCORE SECURITY RATE OF INTEREST
1 Cash Credit against Stock, book debts
a) Up to ₹5.00 lacs No rating 100% Collateral Security 11.00%
b) Limit Above ₹5.00 lacs up to 50 lacs As per Credit rating 100% Collateral Security 10.50%
75% Collateral Security 11.25%
50% Collateral Security 11.75%
c) Limit Above ₹50 lacs up to 100 lacs As per Credit rating 100% Collateral Security 10.25%
75% Collateral Security 10.75%
50% Collateral Security 11.25%
d) Limit Above 100 lacs up to 300 lacs As per Credit rating 100% Collateral Security 10.00%
75% Collateral Security 10.50%
60% Collateral Security 11.25%
e) Limit Above 300 lacs As per Credit rating 100% Collateral Security 9.50%
75% Collateral Security 10.25%
60% Collateral Security 11.00%
# Rating “A” — 0.75% # Rating “B” — 0.50% # Rating “C” — 0.25%
# Interest Rebate Applicable based on above rating
2. Clean Cash Credit/Personal Loan (As per credit rating) [Up to 36 EMI]
a) Up to ₹1 lacs CIC Score 700 & Above Up to 36 EMI 13.75%
CIC Score 650 to 699, or 0 to -1, 1 to 5 Up to 36 EMI 14.00%
b) Above 1 to ₹2 lacs CIC Score 700 & Above LIC Policy Assigned (5 years old) 13.00%
CIC Score 650 to 699, or 0 to -1, 1 to 5 13.50%
c) Above 2 to ₹5 lacs CIC Score 700 & Above Against Own Property original papers/title deeds (with Bank possession) or 75% Collateral Security (like LIC, NSC/KVP, FDR) 12.75%
CIC Score 650 to 699, or 0 to -1, 1 to 5 13.00%
Note:- For the Purpose of CC:- Total Tenure 3 Years (Renewal/Confirmation required Every Year)
3. Advance against Bank’s Approved De-mat Shares (C.C)
Up to ₹10.00 Lac CIC Score 650 & Above 50% margin against Bank’s approved Shares 10.00%
4. Advances against Government Securities (C.C)
a) Up to ₹100.00 lacs
  • NSC/KVP margin -25%
  • LIC Surrender Value Margin- 10%
 9.25%
b) Above ₹100.00 lacs 9.50%
5. OD/Cash Credit against Property
(a) Up to ₹50 lacs CIC Score 650 & Above 100% Prime Security 9.25%
CIC Score 600 to 649 100% Prime Security 9.50%
CIC Score 550 to 599, or 0 to -1, & 1 to 5 100% Prime Security 9.75%
(b) Limit Above 50 lacs up to 300 lacs CIC Score 650 & Above 100% Prime Security 9.00%
CIC Score 600 to 649 100% Prime Security 9.25%
CIC Score 550 to 599, or 0 to -1, & 1 to 5 100% Prime Security 9.50%
(c) Limit Above 300 lacs CIC Score 650 & Above 100% Prime Security 8.75%
CIC Score 600 to 649 100% Prime Security 9.00%
CIC Score 550 to 599, or 0 to -1, & 1 to 5 100% Prime Security 9.25%
To be submitted Stock Statement and Book Debt once in three years.
6. Education Loan
a) Up to ₹20 lacs CIC Score 800 & Above 100% Collateral Security 8.75%
CIC Score 750 to 799 9.00%
CIC Score 700 to 749 9.25%
CIC Score 650 to 699, or 0 to -1, 1 to 5 9.50%
b) Above 20 lacs CIC Score 800 & Above 100% Collateral Security 8.85%
CIC Score 750 to 799 9.45%
CIC Score 650 to 749, or 0 to -1, 1 to 5 9.95%
Moratorium Period: Course Period + 1 year (Interest to be paid during this time). After that maximum 120 EMI. Maximum 80% of Education Expense (Offer Letter)
7. Housing Loan [Loan Amount: up to 90% of Sale Deed, up to 180 EMI]
Score Floating Rate Fixed Rate
Housing Loan for New Purchase /Constriction or Takeover Up to Maxi loan Rs.140 Lacs CIC Score 800 & Above 7.75 % 8.25%
CIC Score 800 to 849 7.95% 8.50%
CIC Score 750 to 799 8.25% 8.75%
CIC Score 700 to 749 8.55% 9.45%
CIC Score 650 to 699, or 0 to -1, 1 to 5 —- 9.75%
Repayable within a maximum period of 20 years, including 18 months moratorium period.
For Renovation and Repairing purpose Maximum Loan of Rs. 10.00 lacs
It is mandatory to open savings/current account for EMI collection.
Floating rate is linked as per Repo, No further concession in ROI is permitted.
Floating rate Changes applicable to all existing Repo Linked Advances as well as to New Borrowers.
All existing borrowers may be benefited with reduced rates by paying conversion charge of 0.50% on o/s and undisbursed portion of HL+GST will be applicable for switching/ conversion of both Repo to Non-Repo & Non-Repo to Repo (only two times allowed during the Tenor).
Note: – Existing internal scoring sheet for the purpose of discounting ROI is discontinued
8. Two-Wheeler Loan [up to 36 EMI]
Non-Electric Vehicle CIC Score 700 & Above 75% to 90% (Ex-showroom Price + RTO Expenses) 10.75%
Electric Vehicle CIC Score 700 & Above 10.50%
9. Car Loan [up to 60 to 84 EMI]
Score Floating Rate Fixed Rate
EV/ Hybrid/ Non-Electric Vehicle CIC Score 800 & Above 7.75% 8.50%
CIC Score 800 to 849 7.90% 8.75%
CIC Score 750 to 799 8.15% 9.00%
CIC Score 700 to 749 8.65% 9.50%
CIC Score 650 to 699, or 0 to -1, & 1 to 5 —- 9.75%
CIC Score 600 to 649 —- 10.00%
90 % of Ex-showroom Price + RTO Exps
It is mandatory to open savings/current account for EMI collection.
Existing borrowers are not permitted to switch over from Regular scheme to Floating Rate Scheme.
If, in future changes in floating Rate will applicable all existing floating rate Advances as well as to New Borrowers
Repayment Tenor is restricted to 5 Years (60 months) and now the same can be sanctioned up to 84 months subject to ROI will be increased by markup of 0.25% p.a. will be added in exiting ROI above.
Note: Existing internal scoring sheet for the purpose of discounting ROI is discontinued
10. Used Car Loan (Maximum 8 year Vehicle Life)

– Loan up to Vehicle Life – 8 years (Including Used years) and only for Second Ownership

– Maximum 8 year Vehicle Life

– Guarantor at discretion of bank

– No Share Linking/Deposit

 CIC Score 800 & Above 75% to 90% of Valuation 10.75%
CIC Score 750 to 799 75% to 85% of Valuation 11.75%
CIC Score 700 to 749 70% to 80% of Valuation 12.75%
CIC Score 650 to 699, or 0 to -1, & 1 to 5 70% to 80% of Valuation 13.75%
Foreclosure Charge:-
  • Within 6 months: 5% of loan amount
  • Above 6 to 12 months: 4% of loan amount
  • Above 12 to 24 months: 3% of loan amount
  • Above 24 months: No Charge
11. Commercial Vehicle [up to 60 EMI]
CNG Rickshaw / 3 Wheeler Tempo Loan [Maximum 36 EMI] CIC Score 750 & Above 75% of Ex-showroom Price + RTO Expenses 12.50%
CIC Score 700 to 749, or 0 to -1, & 1 to 5 13.25%
Taxi Passing – Four Wheelers CIC Score 750 & Above 75% of Ex-showroom Price + RTO Expenses 10.50%
CIC Score 700 to 749, or 0 to -1, & 1 to 5 11.00%
Other Transport Vehicle CIC Score 750 & Above 75% of Ex-showroom Price + RTO Expenses 10.25%
CIC Score 700 to 749, or 0 to -1, & 1 to 5 10.50%
12. Solar Rooftop Loan [up to 84 EMI]
Household purpose up to ₹10 lacs CIC Score 700 & Above Without Security 9.00%
Commercial purpose up to ₹3 Crore CIC Score 700 & Above 100% Collateral Security 9.50%
CIC Score 650 to 699, or 0 to -1, & 1 to 5 75% Collateral Security 9.75%
50% Collateral Security 10.25%
Commercial purpose above 3 Crore to ₹5 Crore CIC Score 700 & Above 100% Collateral Security 9.75%
75% Collateral Security 10.00%
50% Collateral Security 10.50%
Commercial purpose above 5 Crore CIC Score 700 & Above 100% Collateral Security 8.75%
75% Collateral Security 9.00%
50% Collateral Security 9.50%
13. Loan against Property [up to 120 EMI]
a) Commercial – New Purchase CIC Score 750 & Above 85% of Sale Deed Value 9.25%
CIC Score 700 to 749 80% of Sale Deed Value 9.50%
CIC Score 650 to 699, or 0 to -1, & 1 to 5 75% of Sale Deed Value 9.75%
b) Property Mortgage CIC Score 750 & Above 75% of Realization Value of Property (to be certified by Panelled Valuer) 9.25%
CIC Score 700 to 749 9.50%
CIC Score 650 to 699, or 0 to -1, & 1 to 5 9.75%
14. Machinery / Equipment / Furniture Loan [up to 24 to 84 EMI]
a) Up to ₹25 lacs CIC Score 700 & Above 100% Collateral Security 9.50%
75% Collateral Security 9.75%
50% Collateral Security 10.00%
CIC Score 650 to 699 100% Collateral Security 9.75%
75% Collateral Security 10.00%
50% Collateral Security 10.25%
b) Above ₹25 lacs CIC Score 700 & Above 100% Collateral Security 9.25%
75% Collateral Security 9.50%
50% Collateral Security 9.75%
CIC Score 650 to 699 100% Collateral Security 9.75%
75% Collateral Security 10.00%
50% Collateral Security 10.25%
Loan Amount: 75 to 85% of Quotation
15. Loans to Professionals / Self Employed
Loan & Advances to Professionals CIC Score 750 & Above 100% Collateral Security 8.75%
75% Collateral Security 9.00%
50% Collateral Security 9.25%
CIC Score 700 to 749 100% Collateral Security 9.00%
75% Collateral Security 9.25%
50% Collateral Security 9.50%
CIC Score 650 to 699 100% Collateral Security 9.25%
75% Collateral Security 9.50%
50% Collateral Security 9.75%

Business Loan/Term Loan for Doctors, Chartered Accountants, Engineers, Advocates, Architects.

For the purpose of Furniture and Fixtures: up to 36 EMI.

For Hospital Construction or Purchase Term Loan: Maximum 120 EMI.

For Equipment and Machinery purchase Term Loan: Maximum 60 EMI.
16. Micro Credit (weaker section) [up to 24 EMI]
a) Secured CIC Score 750 & Above 100% Collateral Security 11.00%
75% Collateral Security 11.50%
50% Collateral Security 12.00%
b) Unsecured CIC Score 750 & Above Without Security 15.00%
18. Bill Discounting under L/C 10.50%

Note: – If, the borrower CIBIL Score is between 0 to 5, or -1 or below 200, then highest applicable rate of interest as per the above loan will be charged. This is applicable to all Individual/Retail Loan applicant.

Revised Interest rates will be applicable to all existing/new-CC/OD Accounts and revised new rates will be applicable to be sanctioned only fresh Term Loans as per Term Loan category shown as above.

Note:-For All Loans:-The benefits shall be applicable subject to compliance with all below conditions.( Not Applicable to CAR & HOUSING LOAN)

Sr No Rating Score @Rate Discount Savings Account Mandatory for EMI Collection with Minimum Balance
1 Above 91 Marks 0.30 25000/-
2 81 score to 90 score 0.25 15000/-
3 76 score to 80 score 0.20 10000/-
4 71 score to 75 score 0.15 7500/-
5 65 score to 70 score 0.10 5000/-
6 Below 65 score NIL –

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