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Revised Retail Credit Interest Rates

The document outlines the revised interest rates for various retail credit schemes offered by a bank effective May 15, 2012. Rates are linked to the base rate of 10.50% with spreads varying based on loan amount, purpose, and borrower profile. Housing loans have the lowest rates from 10.75% to 13.50% depending on loan tenure and amount. Vehicle and personal loans have rates from 11.50% to 15.50%. Loans to professionals, traders, and farmers have rates from 12.25% to 15.50% depending on loan amount and credit rating. Gold loans for agricultural purposes have lower rates than for other purposes.

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Princy Gupta
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24 views1 page

Revised Retail Credit Interest Rates

The document outlines the revised interest rates for various retail credit schemes offered by a bank effective May 15, 2012. Rates are linked to the base rate of 10.50% with spreads varying based on loan amount, purpose, and borrower profile. Housing loans have the lowest rates from 10.75% to 13.50% depending on loan tenure and amount. Vehicle and personal loans have rates from 11.50% to 15.50%. Loans to professionals, traders, and farmers have rates from 12.25% to 15.50% depending on loan amount and credit rating. Gold loans for agricultural purposes have lower rates than for other purposes.

Uploaded by

Princy Gupta
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

REVISED RATE OF INTEREST ON RETAIL CREDIT ADVANCES W.E.F. 15.05.2012 AS PER BASE RATE OF 10.50%SCHEME PARTICULARS OF INTEREST RATE.

Loan up to Rs.4.00 lac BR + 2.50% = Above Rs.4.00 Lacs & Upto Rs.7.50 Lacs BR + 3.00% = Education Loan Above Rs.7.50 Lacs BR + 2.50% = Education Loan to Serving Professionals / Executives and Defence Personnel for Part-time courses BR + 3.00% = UP TO 5 YEARS Housing Loans Above 5 & upto 15 yr Above 15 &upto 25 yr Granted At Up to Rs 30 lacs BR +0.25% =10.75% BR +0.25%= 10.75% BR+0.50%=11.00% Floating Rate

13.00% 13.50% 13.00% 13.50%

Above Rs.30-75 lacs Above Rs.75 lacs- Rs. 3.00 Crores Above Rs. 3.00 Crores

BR+0.50%=11.00% BR+0.50% =11.00% BR +0.75%=11.25% BR+0.75%= 11.25% BR +0.75%=11.25% BR+1.00% =11.50% Interest rate shall be decided by sanctioning authority on case-to-case basis.

Financing Of Earnest Money

Rate of interest for purchase of plot / flat/ house BR +1.50% = 12.00% In case borrower adjusts loan by disposing the plot or the loan, BR+7.00% = 17.50% From the date of allotment / end date account is not adjusted within stipulated period of the scheme. of stipulated period of the scheme, till liquidation of account. Car/Vehicle Loan SchemeIf loan is repayable within 3 years BR + 1.00% = 11.50% Personal Use. (Including Car If loan is repayable after 3 years BR + 1.25% = 11.75% loan to Corporate clients) Second Hand Car Loan If loan is repayable within 3 years BR + 3.00% = 13.50% Loan To Traders Scheme Loan upto Rs.50000 BR +1.75% = 12.25% Loan above Rs.50000 & upto Rs. 2.00 Lac BR +2.50% = 13.00% Above Rs 2 lac to Rs. 25.00 Lacs BR +2.75% = 13.25% Above Rs 25 Lacs to Rs.50 Lacs BR+2.50%=13.00% If Credit rating is A++ (1) BR+3.00%=13.50% If credit rating is A+ (2) BR+4.00%=14.50% If credit rating is A (3) BR+5.00%=15.50% If credit rating is below A (4,5,6&7) Personal Loan scheme BR +5.00% = 15.50% Loan to Pensioners Scheme BR +3.50 % = 14.00% Scheme For Financing Against Govt. Securities/LICs etc. Loan up to 50.00 lac (max) BR +2.00% = 12.50% MICRO & SMALL Women Entrepreneurs Scheme/ Financing Beauty Loan upto Rs.50000 BR +1.75% = 12.25% Parlors/ by Women Loan above Rs.50000 & upto Rs. 2.00 Lacs BR +2.00% = 12.50% Above Rs. 2.00 Lac & up to Rs. 10.00 Lacs BR +2.25% = 12.75%
MICRO & SMALL

Scheme For Financing Auto / Taxis

Loan upto Rs.50000 Loan above Rs.50000 & upto Rs. 2.00 Lac Above Rs 2 lac to Rs. 25.00 Lacs Above Rs 25 Lacs to Rs.50 Lacs

BR +1.75% = 12.25% BR +2.00% = 12.50% BR +2.25% = 12.75% BR+2.50%=13.00% If Credit rating is 1 BR+2.75%=13.25% If credit rating is 2 BR+3.00%=13.50% If credit rating is 3 BR+3.25%=13.75% If credit rating is 4 BR+3.50%=14.00% If credit rating is 5 BR+3.75%=14.25% If credit rating is 6 & below
MICRO & SMALL

Loans to Professionals (Except Doctors)

Loan upto Rs.50000 Loan above Rs.50000 & upto Rs. 2.00 Lac Above Rs 2 lac to Rs. 20.00 Lac Loan upto Rs.50000 Loan above Rs.50000 & upto Rs. 2.00 Lac Above Rs 2 lac to Rs. 25.00 Lacs Above Rs 25 Lacs to Rs.1.00 crore

BR +1.75% = 12.25% BR +2.00% = 12.50% BR +2.25% = 12.75%


MICRO & SMALL

Scheme for Loan to Doctors

BR +1.75% = 12.25% BR +2.00% = 12.50% BR +2.25% = 12.75% BR+2.50%=13.00% If Credit rating is 1 BR+2.75%=13.25% If credit rating is 2 BR+3.00%=13.50% If credit rating is 3 BR+3.25%=13.75% If credit rating is below 4 BR+3.50%=14.00% If credit rating is below 5 BR+3.75%=14.25% If credit rating is 6 & below BR +1.50% BR +2.50% BR +3.50% BR +5.00% BR +4.25% =12.00% =13.00% =14.00% =15.50% =14.75%

Advance Against Gold Jewellery

1.)Rate of Interest for Agriculture purpose Loan upto Rs.50000 Loan above Rs.50000 & upto Rs.2.00 Lacs Above Rs. 2.00 Lacs & upto Rs. 10.00 Lacs 2) Other than Agriculture purpose

OTLS

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