Loan Interest Rates
In the meeting of Board of Directors dated 29th July -2025, it has been decided to revise the interest rates on loan/advances, effective from 01st May- 2026 as under:
Loan Interest Rate Schedule (Effective 11th August 2025)
| SR. NO | PARTICULAR | CIC SCORE | SECURITY | RATE OF INTEREST |
|---|---|---|---|---|
| 1 | Cash Credit against Stock, book debts | |||
| a) Up to ₹5.00 lacks | No rating | 100% Collateral Security | 11.00% | |
| b) Limit Above ₹5.00 lacks up to 50 lacks | As per Credit rating | 100% Collateral Security | 10.50% | |
| 75% Collateral Security | 11.25% | |||
| 50% Collateral Security | 11.75% | |||
| c) Limit Above ₹50 lacks up to 100 lacks | As per Credit rating | 100% Collateral Security | 10.25% | |
| 75% Collateral Security | 10.75% | |||
| 50% Collateral Security | 11.25% | |||
| d) Limit Above 100 lacks up to 300 lacks | As per Credit rating | 100% Collateral Security | 10.00% | |
| 75% Collateral Security | 10.50% | |||
| 60% Collateral Security | 11.25% | |||
| e) Limit Above 300 lacks | As per Credit rating | 100% Collateral Security | 9.75% | |
| 75% Collateral Security | 10.25% | |||
| 60% Collateral Security | 11.00% | |||
| Rating A: 0.75% | Rating B: 0.50% | Rating C: 0.25% | ||
| Note: 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 lacks | 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 lacks | 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 lacks | 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 Year (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 lacks |
|
9.25% | ||
| b) Above ₹100.00 lacks | 9.50% | |||
| 5. | Education Loan | |||
| a) Up to ₹20 lacks | 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 | ||||
| b) Above 20 lacks | 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 years (Interest to be paid during this time). After that maximum 120 EMI. | Maximum 80% of Education Expense (Offer Letter) | |||
| 6. | Housing Loan [Loan Amount:- up to 90% of Sale Deed up to 180 EMI] | |||
| Up to 50 lacks (Floating Rate) [Residential Sale deed up to ₹63.00 lacks] | CIC Score 800 Above | 100% Prime Security | 8.00% | |
| CIC Score 750 to 799 | 8.25% | |||
| CIC Score 700 to 749 | 8.55% | |||
| CIC Score 650 to 699 | 8.85% | |||
| CIC Score 600 to 649 or 0 to -1 , 1 to 5 | 9.00% | |||
| Up to ₹140 lacks (Fixed Rate) | CIC Score 800 Above | 100% Prime Security | 8.15% | |
| CIC Score 750 to 799 | 8.40% | |||
| CIC Score 700 to 749 | 8.65% | |||
| CIC Score 650 to 699 | 8.90% | |||
| CIC Score 600 to 649 or 0 to -1 , 1 to 5 | 9.15% | |||
| For New Purchase and Construction Maximum Loan of ₹140.00 lacks | ||||
| For Renovation and Repairing purpose Maximum Loan of ₹10.00 lacks | ||||
| 7. | 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% | ||
| 8. | Car Loan [up to 60 to 84 EMI] | |||
| Electric Non-Electric Vehicle | ||||
| Up to ₹25 lacks (Fixed Rate) | CIC Score 800 Above | 90% of Ex-showroom Price + RTO Expenses | 8.00% | |
| CIC Score 750 to 799 | 8.25% | |||
| CIC Score 700 to 749 | 8.50% | |||
| CIC Score 650 to 699 | 9.00% | |||
| CIC Score 600 to 649 or 0 to -1, 1 to 5 | 9.50% | |||
| Non-Electric Vehicle | ||||
| Above ₹25 lacks to Exposure Limit (Fixed Rate) | CIC Score 800 Above | 90% of Ex-showroom Price + RTO Expenses | 8.50% | |
| CIC Score 750 to 799 | 8.75% | |||
| CIC Score 700 to 749 | 9.25% | |||
| CIC Score 650 to 699 or 0 to -1, 1 to 5 | 9.75% | |||
| Electric Vehicle | ||||
| Above ₹25 lacks to Exposure Limit (Fixed Rate) | CIC Score 800 Above | 90% of Ex-showroom Price + RTO Expenses | 8.40% | |
| CIC Score 750 to 799 | 8.65% | |||
| CIC Score 700 to 749 | 8.95 % | |||
| CIC Score 650 to 699 or 0 to -1, & 1 to 5 | 9.40% | |||
| 9. | 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:-
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| 10. | 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% | |||
| 11. | Overdraft or Cash Credit against Property | |||
| a) Up to ₹50 lacks | CIC Score 750 & Above | 100% Prime Security | 9.25% | |
| CIC Score 700 to 749 | 100% Prime Security | 9.50% | ||
| CIC Score 650 to 699 or 0 to -1, & 1 to 5 | 100% Prime Security | 9.75% | ||
| b) Above ₹50 lacks | CIC Score 750 & Above | 100% Prime Security | 9.00% | |
| CIC Score 700 to 749 | 100% Prime Security | 9.25% | ||
| CIC Score 650 to 699 or 0 to -1, 1 to 5 | 100% Prime Security | 9.50% | ||
| 75% of Realization Value of Property (To be certified by Paneled Valuer). To be submitted Stock Statement and Book Debt once in three years | ||||
| 12. | Solar Rooftop Loan [up to 84 EMI] | |||
| Household purpose up to ₹10 lacks | 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 Paneled 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 Loan [up to 36 to 84 EMI] | |||
| a) Up to ₹25 lacks | 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 lacks | 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 | |||
| a) Up to ₹25 lacks | CIC Score 700 & Above | 100% Collateral Security | 9.00% | |
| 75% Collateral Security | 9.25% | |||
| 50% Collateral Security | 9.50% | |||
| b) Above ₹25 lacks | CIC Score 750 & Above | 100% Collateral Security | 9.00% | |
| 75% Collateral Security | 9.25% | |||
| 50% Collateral Security | 9.50% | |||
| CIC Score 700 to 749 | 100% Collateral Security | 9.25% | ||
| 75% Collateral Security | 9.50% | |||
| 50% Collateral Security | 9.75% | |||
| CIC Score 650 to 699 | 100% Collateral Security | 9.50% | ||
| 75% Collateral Security | 9.75% | |||
| 50% Collateral Security | 10.00% | |||
| Business Loan/ Term Loan for Doctors, Chartered Accountants, Engineers, Advocates, Architect, 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% | |
| 17. | Bill Discounting under L/C | 10.50% | ||
It has been also decided to provide a relief of 0.15 % interest rate to existing loan holders.
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 new rates will be applicable to be sanctioned only fresh Term Loans as per Term Loan category shown as above.