Interest Rate on Loan Products

Sr. No Product Name Rate Of Interest % Above MCLR
1 Agri and Agri. Allied – Crop, AGI and AGA Dairy and Non Dairy    
  Up to Rs.25,000/- 24% 10% above the MCLR
  Above Rs.25,000/- up to Rs.50,000/- 21% 7% above the MCLR
  Above Rs.50,000/- up to Rs.1,00,000/- 20% 6% above the MCLR
  Above Rs. 1,00,000/- up to Rs. 2,00,000/- 17% 3% above the MCLR
  Above Rs.2,00,000/- 15% 1% above the MCLR
2 Micro-enterprise – NFS-ME , GME and CC/OD  
  Up to Rs.25,000/- 24% 10% above the MCLR
  Above Rs.25,000/- up to Rs.2,00,000/- (without collateral) 21% 7% above the MCLR
  Above Rs.50,000/- up to Rs.3,00,000/- (with collateral) 17% 3% above the MCLR
  Above Rs.3,00,000/- 15% 1% above the MCLR
3 Gold Loan - Demand Loan against pledge of gold ornaments    
  Gold Loan Rs.10,000/- up to Rs.10,00,000/- 14.5% 0.5% above the MCLR
4 JLG- Under GPL    
  Up to Rs. 40,000/- per member/individual max. Rs.2,00,000/- per JLG 24% 10% above the MCLR
5 Housing- Residential    
  House Repair upto Rs.1,00,000/- 17% 3% above the MCLR
  Above Rs. 1,00,000/- upto Rs.3,00,000/- 14% Equivalent MCLR
  Above Rs.3,00,000/- 14% Equivalent MCLR
6 Loan for Commercial Construction(LCC)    
  Above Rs. 1,00,000/- upto Rs.3,00,000/- 15% 1% above the MCLR
  Above Rs.3,00,000/- 14.50% 0.50% above the MCLR
7 Education Loans - Max tenor 7 years - with collateral 14% Equivalent MCLR
8 Personal Loans ( salaried/self-employed/ Professionals)
(Rs.50,000/- upto Rs.2,00,000/-)
17% 3% above the MCLR
9 Sudhama Loan 16% 2% above the MCLR
10 Mortgage Loans    
  Above Rs. 1,00,000/- upto Rs.3,00,000/- 16% 2% above the MCLR
  Above Rs.3,00,000/- 15% 1% above the MCLR
11 Loan against Warehouse Receipts
(Min. Above Rs.25,000/- only)
15% 1% above the MCLR