Rate of Interest on Advances W.E.F. 01.04.2023
Short Term Loan:
| Advances | ROI |
| Cash Credit Limit | |
| To Trader | |
| Up to Rs 5.00 Lakh | 9.00% |
| Above Rs. 5.00 Lakh | 10.00% |
| To Builder, Contractors, Property Dealers, Pharmaceuticals, Coal Traders, OD Against Property Mortgage (ODPM) | 11.00% |
| To Pharmaceuticals | 7.25% |
Term Loans:
| Advances | ROI |
| Housing Loans / Anand Awas Yojna | |
| Up to Rs 10.00 Lakh | 7.75% |
| Above Rs. 10.00 Lakh to Rs. 20.00 Lakh | 8.00% |
| Above Rs. 20 Lakh to Rs. 25.00 Lakh/ Rs. 30.00 Lakh (Nagpur only) | 8.50% |
| Term Loan SSI Unit / Small Business (TLSS) | |
| Up to Rs 1.00 Lakh | 13.00% |
| Above Rs. 1.00 Lakh to Rs. 5.00 Lakh | 11.00% |
| Above Rs. 5 Lakh | 11.50% |
| To Builders, Contractors, Property Dealers | 13.00% |
| To Coal Traders Against Mortgage of Property | 11.00% |
| Loan to Professional (Which Includes purchase of vehicles) Advocate, Doctor, Engineer/Architect, CA etc. |
10.50% |
| Loan for Solar Electricity | |
| Ladies having own house | 9.00% |
| Other having own house | 10.00% |
| Commercial Premises | 11.00% |
Vehicles Loan (New):
| Advances | ROI |
| Two Wheelers | 11.00% |
| Four Wheelers – W.e.f from 01/01/2025 | 8.50% |
Mortgage Loan:
| Advances | ROI |
| Up to Rs. 25.00 Lakh | 12.50% |
| Above Rs. 25.00 Lakh | 13.00% |
Other Loan:
| Advances | ROI |
| Personal Loan Up to 1.00 Lakh | 15.00% |
| GSL (Loan Against Govt. Security/NSC/LIC/OCA), Warehouse Receipt etc. | 9.00% |
| Staff Loans | 9.00% |
Loan Against FD/RD/OCA:
| Advances | ROI |
| FD – Rs. 1 Crore & Above | 0.50% |
| FD – Rs. 50 Lakh to 1 Crore | 0.75% |
| Others (up to Rs. 50 Lakhs) | 1.00% |
| (% More than the Dep. Rate as mentioned) |
LOANS TO SOCIETIES ON FIXED DEPOSIT:
| Advances | ROI |
| FD – Rs. 1 Crore | 0.75% |
| FD – Above 1 Crore | 0.50% |
| (% More than the Dep. Rate as mentioned) |
OD:
| Advances | ROI |
| Over Draft (TOD) | 18.00% |
Education Loan (Fully Secured):
| Advances | ROI |
| Up to Rs. 10 Lakh | 8.00% |
| Above Rs. 10 Lakh to Rs. 20 Lakh | 9.00% |
| Above Rs. 20 Lakh | 10.00% |