Interest rate Loans

THE REVISED INTEREST RATES ON LOAN W.E.F. 05-04-2019 ARE AS UNDER

Sr. No. TYPE OF LOANS Rate of Intt.
1 S.T. Agri 5.50%
2 S.T.R.A 11.00%
3 S.T.N.A (Petty S/Keepers)/Consumption 11.00%
4 M.T Loans for Agri. Allied Act. Th/PACS 11.00%
5 M.T Loans for cases sponsored by DRDA,SGSY,HHKN,MVN,DDA&ZSM 11.00%
6 M.T. Loans, S.E. T/C, Socs. CCB & Coop. Deptt. 11.00%
7 M.T. Loans S.E. T/C other than above 11.00%
8 M.T Integrated/Composite Loan 11.00%
9 M.T Loans SRTOs 11.00%
10 M.T Loans for TPT Societes 11.00%
11 M.T Loan for Consumer Durables (Salaries Class) 11.00%
12 M.T Loan for Consumer Durables (Other than Above) 11.00%
13 M.T Loan for Consumer Durables (Staff) 11.00%
14 M.T Loans for two Wheelers to farmers 11.00%
15 M.T Loans against NSC to Staff 11.00%
16 M.T Loans against NSC (Other than Staff) 11.00%
17 C/Credit to PACS for fertilizer 11.00%
18 Other C/Credit to Socs. Traders, L/C, Indl. Socs. B/men 11.00%
19 R.C.C Loans 12.00%
20 Professional Loans for higher education 11.00%
21 M.T Loans for housing 11.00%
22 Any other type of M.T Loans other than above 11.00%
23 O/D Limit to Staff 9.00%
24 Personal Loan 14.00%
25 Vehicle Loan 11.00%
Note:- 5% over and above of the Bank rate of interest from societies and 3% in case of individuals borrowers will be changed in case of default means penal interest for the amount of default for the period for which the default persists.

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