RATE OF INTEREST ON LOAN & ADVANCES w.e.f. 1st March 2014 PLR 13.75%

Loans & Credit limits upto Rs.25,000/- to borrowers defined as weaker sector [AS PER RBI DEFINITION]
Revised
13.75%
Loans & Advances over Rs.25000/- but upto Rs.50,000/- to borrowers covered under weaker or priority sector. [AS PER RBI DEFINITION]
Revised
14.25%
All Self Employed persons under priority sector upto Rs.2,00,000/-
Revised
14.25%
All priority sector Loans & Advances.[AS PER RBI DEFINITION]
Above Rs.50,000/- but upto Rs.2.00 lacs
Revised
14.25%
Above Rs.2,00,000/- but upto Rs.10.00 lacs . [EXCLUDING 3 ABOVE]
Revised
14.75%
All priority sector Loans & Advances.
Above Rs.10.00 lacs but upto Rs.25.00 lacs
Revised
15.25%
All Non-priority sector Advances
Upto Rs.10.00 lacs
Revised
15.25%
Above Rs.10.00 lacs but upto Rs.25.00 lacs
Revised
16.25%
With The Exception Of The Following Advances
Advances Against Purchase Of Car / Two Wheelers For Self Use
Revised
10.50%
Advances For Purchase Of Consumer Durables
Revised
14.00%
School Teachers Or Employees Group
Advances Upto Rs.50,000/- [Repayment At Source]
Revised
13.25%
Commercial Vehicles / Computers / Office Equipments
Revised
14.25%
Taxi/Auto Rickshaws In Case Of Owners Driven
For New Taxi Upto Rs.6.00 lakhs
Revised
11.50%
For Old Taxi Upto Rs.2.00 Lakhs
Revised
12.00%
For New Rickshaw Upto 2.00 Lakhs
Revised
12.00%
For Private Tourist Car Upto Rs.6.00 Lakhs
Revised
11.50%
Advances Against Pledge Of Gold Ornaments
Upto Rs.1,00,000/-, Margin 25%
Revised
10.50%
From Rs.1,00,001/- To Rs.3,00,000/-, Margin 25%
Revised
11.50%
From Rs.3,00,001/- To Rs.5,00,000/-, Margin 25%
Revised
12.00%
More than Rs.5,00,00/-, Margin 25%
Revised
13.00%
Gold loan upto Rs.1.00 lac will be allowed on Nominal Membership. Gold loan above Rs.1.00 lac will be allowed on Regular Membership with 10 shares only. No Processing Fees Will Be Levied For Gold Loans.
Builders & Developers
Revised
16.50%
Mortgage Loan With 40% Margin [Existing Clients For Business 16.00% Purpose]
Revised
16.00%
Advances Over Rs.25.00 Lacs Would Attract Interest Rate[S] On The Basis Of Credit Rating Of The Borrowers As Under
Credit Rating - Prime Borrowers
Revised
13.75%
Credit Rating - "AAA" Accounts
Revised
14.75%
Credit Rating - "AA" Accounts
Revised
15.25%
Credit Rating - "A" Accounts
Revised
15.75%
Credit Rating - "B" Accounts
Revised
16.25%
Housing Finance
Govt. Employees
Others
Upto Rs.30.00 lakhs
8.75%
9.75%
Above Rs.30.00 lakhs & Upto Rs.70.00 lakhs
Others
10.25%
Advances Against Pledge Of Govt. Securities Viz. RBI Relief Bonds, NSCs Etc. And Assignment Of LIC Policies
Others
12.00%
Bills Discounted Under Letters Of Credit Issued By Public Sector Banks
Others
9.00%
Other Banks
Others
10.00%
Educational Loan
Upto Rs.1,00,000/-
Revised
12.75%
More than Rs.1,00,000/-
Revised
13.25%
For Studies Abroad
Revised
13.75%
Advances Against Bank's Term Deposits
Revised
1% Above The Deposit Rate If Advance Is Granted To Depositor
IIIRD Party Term Deposits
Revised
2% Above The Deposit Rate
Advance Availed By The Staff Members
Pledge Of Their Own Term Deposit Receipts
Revised
0.5% Above The Deposit Rate

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