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Aug 25, 2022
सभासदांच्या व कर्मचाऱ्यांच्या पाल्यांचा गुणगौरव सोहळा... download notice

Interest Rates

 
Rate of Interest on Loans and Advances  
Sr. No Product ROI Credit Rating
(A, B, C)
Repayment Applicable Since
1 Cash Credit 11.00 % to 13.00 % Yes Annual Review Existing A/c During Renewal and New w.e.f. 25/04/2022
2 Mortgage Loan & Secured Loan 11.00 % to 13.00 % Yes Up to 10 Years Effective from 
25/04/2022
Vehicle Loan (New)
3 a) Personal Use (Four Wheeler) 8.50 % No Up to 84 months Effective from
25/04/2022
a) Personal Use (Two Wheeler) 11.50 % No Up to 60 months Effective from
25/04/2022
Vehicle Loan (2nd Hand)
-Personal Use (Four wheeler)
11.95 % No Up to 60 months Effective from
25/04/2022
Vehicle Loan (2nd Hand)
-Personal Use (Two Wheeler)
14.00 % No Up to 60 months Effective from
25/04/2022
4 Vehicle Loan for Commercial Use (New Vehicle) 11.00 % to 13.00 % Yes Up to 84 months Effective from 
25/04/2022
Vehicle Loan for Commercial Use
(2nd Hand)
13.00 % to 15.00 % Yes Up to 48 months Effective from
25/04/2022
5 Housing Loan  9.25 % No Up to 240 months Effective from 
25/04/2022
6 Personal Loan  
a) General 14.00 % , 14.50 % & 15.00 Yes Up to 60 months Effective from
25/04/2022
7 Loan Against Gold,NSC, Govt.Securi.S.V of LIP    9.25 % No Up to 60 months Effective from
25/04/2022
8 Loan /OD against Own Deposits 1% over the ROI applicable to  Deposits No  As per Due Date Effective from 
25/04/2022
9 Loan/OD against 3rd Party Deposit 2% over the ROI applicable to  Deposits No  As per due date Effective from 
25/04/2022
10 Education Loans -Unsecured Up to Rs.5.00 Lakh  11.50% Yes  Up to 5 years Effective from 
25/04/2022
Full Secured Against Property 11.00 % Yes Up to 10 years  
(without gestation)
12.00% Yes Up to 10 years  
(with gestation)
11 Lease Rent Discounting 11.00 % to 13.00 %  Yes  Annual Review Effective from 
25/04/2022
12 Lease Rent Discounting 11.00 % to 13.00 % Yes Up to 10 years Effective from 
25/04/2022
13 Loans to Professionals  10.00%,
10.50% & 11.00%
Yes  Up to 10 years Effective from 
25/04/2022
14 House Furnishing
(Linked to Housing Loans only up to Rs.5.00 lakh)
11.50 %  No  60 months maximum Effective from
25/04/2022
15 Composite Secured Loan Scheme Up to Rs.5.00 lakh

(Securities in the form of tangible assets)
-13% with 25% Collateral Security
-14% without Collateral Security
No 60 months Effective from
25/04/2022
16 Clean Overdraft against VDDS 14% 12 months Effective from
25/04/2022
17 Secured loan for Retail Trader -13% With Regular ITR filled by Applicant
-14% Without ITR filled by Applicant
No Up to 84 months Effective from
25/04/2022

Further to this it has been decided that

  • No Surety for New Car Loan & Housing Loan.
  • Two Sureties for Personal /Unsecured Loan.
    Collateral Security – Simple deposit of title deed / LIC policy should be insisted.
  • No Processing Charges for New Car Loan and Housing Loan 0.50% Processing Fees should be charged.
  • No Margin on Housing loan and New Car Loan.
  • Car Loan (Cost of Vehicle + Registration) should be taken.
  • TOD /Adhoc Limit to be charged additional 2% over and above the sanction interest rate to the Cash Credit / Overdraft Accounts / ODAP.
  • TOD in Current account to be charged 21%.
  • Penal interest @2% p.a. to be charged to Cash Credit & Overdraft Accounts for non-submission of Stock Statement / Non-renewal of account.

 
REVISED RATE OF INTEREST ON TERM DEPOSITS w.e.f. 27/07/2022
Period Interest Rates (% P.A.)
General Public, Co-op. Hsg. Soc. Senior Citizen
For STD
15 days  to   90 days  4.30  4.30 
91 days  to 180 days  4.75  4.75 
181 days  to  12 Months  5.50 5.60
Above 12 Months to 24 Months
For FD-STD/QIP/MIP  6.25 6.35
For Reinvestment   5.75 5.85
For Recurring Deposit   5.75 5.85
Above 24 Months to 60 Months (All Products - Exclude STD)  5.65 5.75
Above 60 Months to 120 Months (All Products - Exclude STD) 5.25 5.35

For Bulk Deposit (Single Receipt of Rs. 15.00 Lakh & Above) 0.25 % Extra in addition to interest rate.