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Interest on Advances

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  2. Interest on Advances

a. Overnight MCLR 9.15%
b. One Month MCLR 9.25%
c. Three Month MCLR 9.35%
d. Six Month MCLR 9.55%
e. One Year MCLR 9.70%
f. Above One Year MCLR 9.70%
Base Rate 10.45%
External Benchmark Rate (EBR) Repo Rate 6.50% at Present

Category Loan Amount Benchmark Product Spread Credit Risk Premium* Remarks Reset Clause
Housing Loans – Salaried Class Upto Rs.25.00 Lac EBR 2.25 2.75 Floating Monthly
Above Rs.25.00 Lac to Rs.75.00 Lac EBR 2.25 3.00 Floating Monthly
Above Rs.75.00 Lac EBR 2.25 3.25 Floating Monthly
Housing Loans – Non Salaried  Upto Rs.25.00 Lac EBR 2.25 2.85 Floating Monthly
Above Rs.25.00 Lac to Rs.75.00 Lac EBR 2.25 3.10 Floating Monthly
Above Rs.75.00 Lac EBR 2.25 3.35 Floating Monthly

Effective Rate: EBR + Product Spread + Credit Risk Premium

Category Benchmark Product Spread Credit Risk Premium* Remarks
Working Capital Limits-Cash Credit EBR 2.75 3.00 Floating
ODT EBR 3.25 3.00 Floating
Term Loans EBR 3.25 3.00 Floating
Commercial Vehicle (bundled) EBR 3.00 3.00 Floating

Effective Rate: EBR + Product Spread + Credit Risk Spread Premium
*Credit Risk Premium may vary client to client.

Category Size of Loan/ Limit Benchmark Spread ROI Type* Reset Clause
Working Capital Limits-Cash Credit Up to Rs. 10.00 lac MCLR 2.65 Fixed Annual
Above Rs. 10.00 lacs Up to 50.00 lac MCLR 2.35 Fixed
 Annual
Above Rs.50.00 lac MCLR 2.00 Fixed
 Annual
Commission Agent-Cash Credit Up to Rs. 25.00 lac MCLR 0.75 Fixed
 Annual
Above Rs. 25.00 lac MCLR 1.00 Fixed
 Annual
ODT MCLR 3.00 Fixed
 Annual
Term Loans for Micro, Small and Medium Enterprises MCLR 3.00 Fixed
Term Loans for other Business Units (Large and other Enterprise) MCLR 3.50 Fixed
Ad hoc Limits 1% Over and above the existing Rate Fixed
TOD in CC/OD Limit 1% Over and above the existing Rate Fixed
TOD in Current Account MCLR 6.00 Fixed

KCC Limits
Up to Rs.3.00 Lac 7% Fixed
Above Rs.3.00 Lac Up to Rs.10.00 Lacs MCLR 2.75 Floating
 As per MCLR Maturity
Above Rs.10.00 lacs Up to Rs.25.00 lacs MCLR 3.25 Floating
 As per MCLR Maturity
Above Rs.25.00 lacs MCLR 3.75 Floating
 As per MCLR Maturity
Potato Growers MCLR 2.75 Floating
 As per MCLR Maturity
Term Loan
Up to Rs.2.00 lacs MCLR 3.00 Floating As per MCLR Maturity
Above Rs.2.00 lac MCLR 4.00 Floating As per MCLR Maturity

Two Wheeler MCLR 4.00 Fixed
Four Wheelers (Non- commercial) New MCLR 0.75 Fixed
Transport Vehicle(Commercial) MCLR 2.00 Fixed
Finance of Old/ pre- owned vehicles MCLR 2.00 Fixed

Personal Loan MCLR 5.00 Fixed
Consumer Loan MCLR 5.00 Fixed

Advances Against Immovable Property (For NCR Delhi and Tri-city Chandigarh) MCLR 3.00 Fixed
Advances Against Immovable Property (For Other Branches) MCLR 4.00 Fixed
Advances to NBFC/MFI/HFC MCLR 5.00 Fixed
Advances to SHG MCLR 2.75 Fixed
GCC (For Business Purpose) MCLR 2.50 Fixed
For Personal Use MCLR 3.50 Fixed
Gold Loan
For Personal Purpose MCLR 3.00 Fixed
MCLR 2.50 Fixed
Agricultural Purpose MCLR 2.50 Fixed
Advance Against Govt Securities NSC/KVP/LIC
Demand Loan MCLR 1.25 Fixed
Limits MCLR 1.25 Fixed
Advances to landlord/lady for construction & repair of premises for bank use MCLR 1.00 Fixed
Advances against Future rentals MCLR 2.50 Fixed
DRI Advances 4% Fixed
Education Loans MCLR 2.00 Fixed
Advances Against Bank's own deposits
Demand Loan/ OD Limit Rate applicable on FDR 2 Fixed
Third party Deposit Rate applicable on FDR 3 Not Below MCLR Fixed
Against NRE Deposits Rate applicable on FDR 2** Fixed

**If adjusted from Domestic proceeds- Interest shall be charged @FDR rate+2% but not less than MCLR.

Auto Loans

In case the account is adjusted before 1 year from the scheduled date of expiry or it is taken over by some other bank, premature charges will be levied @ 2%. Minimum Rs.500/-

Housing Loans (on floating rate): NIL

Term Loans for Rs.1 Cr & above and Project Loans (irrespective of amount)

If Adjusted / Taken Over Within Charges
1 Year of Account Opening 5%
2 Years of Account Opening 4%
3 Years of Account Opening 3%
After 3 Years but before 1 Year of Scheduled Date of Expiry 2%

Other Loans

In case the account is adjusted before 1 year from the scheduled date of expiry, premature charges will be levied @ 1%. In case the account is taken over by some other bank, premature charges will be levied @ 2%. Minimum Rs.500/- (Charges to be calculated on outstanding balance or Drawing Power, whichever is higher)

Micro Loans Vertical

Category Size ofLoan/Limit Benchmark BenchmarkRate Spread ROI Remarks
Working Capital Term Loans (Without ITR) Up to Rs. 15.00 lacs MCLR 9.50 8.45 17.95 Fixed
Working Capital Term Loans (With ITR) Up to Rs. 15.00 lacs MCLR 9.50 7.45 16.95 Fixed
LAP (Without ITR) Up to Rs. 15.00 lacs MCLR 9.50 8.45 17.95 Fixed
LAP (With ITR) Up to Rs. 15.00 lacs MCLR 9.50 7.45 16.95 Fixed

Affordable Housing Finance

Category Size ofLoan/Limit Benchmark BenchmarkRate Spread Credit Risk Premium ROI Remarks
AHF 25.00 EBR 6.50 3.25 7.00 16.75 Floating

Business Correspondent Vertical

Category Size ofLoan/Limit Benchmark BenchmarkRate Spread ROI Remarks
BC Mortgage 1.00 Lac to 15.00 lacs MCLR 9.50 18.50 28.00 Fixed
4 Wheeler 1.00 Lac to 15.00 lacs MCLR 9.50 16.50 26.00 Fixed
2 Wheeler Up to 2.00 Lacs MCLR 9.50 19.50 29.00 Fixed

Product Name Weighted Avg ROI Minimum ROI Maximum ROI
CC-Kisan Credit Card 12.15 7.00 13.25
LN-Agriculture Loan 12.38 7.00 13.50
LN-Auto Loan 9.88 9.45 13.50
LN-Consumer Loan 14.13 11.50 14.50
LN-Gold Loan 11.99 10.50 13.00
LN-Housing Loan 10.15 9.00 11.85
LN-Personal Loan 14.92 14.50 15.50
LN-Loan Against Properties 12.01 9.50 13.75
LN-Loan Against Properties (Micro Segment) 16.94 14.35 17.35
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