Interest Rates & Charges

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Rate of interest - loans.

Rate of Interest on Loans and Advances w.e.f. 05.04.2023

Rate of Interest (except where mentioned otherwise) is linked with BPLR (after adjustment with BPLR rate). Current BPLR is 14.25%.


Name of Loan Schemes Criteria Revised Rates (w.e.f.05.04.2023)
Kisan Credit Card Up to Rs. 3.00 Lakh 9.00% (7% p.a. where account is regular and timely rollover)   
>Rs. 3.00 Lakh to 25.00 lakh 11.00%
> Rs. 25.00 Lakh 11.00%
Indirect Agriculture & other priority sector loan schemes e.g. Krishi Samagri Vyavsayi Yojna, ACABC, Slaughter House, , Solar Photovoltaic System ,Krishak Awas Yojana Up to Rs. 3.00 Lakh 9.00%
>Rs. 3.00 Lakh to 25.00 lakh 11.00%
> Rs. 25.00 Lakh 11.50%
Krishak Awas Rin Yojana All Cases 11.00%
Prof. & Self Employed Up to Rs. 3.00 Lakh 10.40%
>Rs. 3.00 Lakh to 25.00 lakh  10.90%
>25.00 lakh 11.40%
Saral Vyapar Yojna (Up to Rs. 25.00 Lakh) Up to Rs. 25.00 Lakh (Fixed Rate) 11.40%
Above 25.00 Lac
(Cr. Rating Based)
Credit Rating Interest Rate
A+ 11.40%
A 11.65%
B+ 11.90%
B 12.90%
C & D 13.90%
Farm Mech Scheme (Tractor, Power Triller & Harvester) and other Direct Agri Invest. Credit Schemes viz Kisan Sulabh Loan, Agri. Land Purchase, OFWM, Agri. Implements, Dairy, DEDS, Fisheries, Piggeries, Sheep/Goat. Poultry, Deep Borewell,  FPC, Agri Junction, Debt Swap, Horticulture, Loan for cold storage & Loan Against Ware House or Cold Storage Receipt. Up to Rs. 3.00 Lakh 9.00%
>Rs. 3.00 Lakh to 25.00 lakh 11.00%
> Rs. 25.00 Lakh 11.00%
General Credit Card (GCC), SCC & WCC  Up to Rs. 3.00 lakh  11.40%
>Rs. 3.00 Lakh up to Rs. 25.00 lakh 12.40%
Loan Above Rs. 25.00 lakh Credit Rating Based 9.25%
10.35%
11.45%
12.55%
13.65%
14.90%
MSME (Up to Rs. 25.00 Lakh) Micro / Small Enterprises Up to Rs. 3.00 Lakh 11.40%
>Rs. 3.00 Lakh to 25.00 lakh 12.40%
MSME Above Rs. 25.00 Lakh (Credit Rating Based) Credit Rating Interest Rate
A+ 9.25%
A 10.35%
B+ 11.45%
B 12.55%
C 13.65%
D 14.90%
Road Transport Operator (SRTO) Upto Rs 25.00 lakh Up to Rs. 3.00 Lakh  12.40%
>Rs. 3.00 Lakh to 25.00 Lakh 12.15%
Above Rs. 25.00 Lakh-Rating Based Credit Rating Credit Rating based
 A+ 11.90%
A 12.40%
 B+ 12.90%
B 13.15%
C 14.40%
D 14.90%
SHG Up to Rs. 3.00 Lakh 7.00%
>Rs. 3.00 Lakh & upto Rs. 5.00 Lakh 10.00%
Above Rs. 5.00 Lakh 12.40%
JLG Interest rate same as applicable on the type (scheme) of finance
Housing Loan –(Including Home Improve)
(CIBIL Score Based)
CIBIL (Credit Vision) Score CIBIL (Credit Vision) Score
726 & above 8.60%
>700 but < 726 9.50%
Below 700 10.50%
CIBIL (-1) 9.50%
Staff (Public Scheme) 9.90%
Education Loan Scheme Up to Rs. 04.00 Lakh       
 (0.5% rebate-Girl Student)
11.05%
>4.00 L to 7.50 L   (0.5% rebate-Girl Student) 11.05%
> Rs. 7.50 Lakh                        
(0.5 % rebate-Girl Student)
12.55%
Education Loan (Premier Inst) such as IIM-Ahmadabad/ Kolkata/ Bangalore/ XLRI-Jamshedpur etc. All Cases 9.55%
Loan for Bank Premises All cases 11.40%
PM Svanidhi Yojana All Cases 14.75%
Baroda Gramin- Loan Against Future Rent Receivables. All Cases 12.90%
NHFDC (Interest Rebate of 1% for Women) Up to Rs. 50,000/- 5.00%
>Rs. 50000 to 5.00 Lakh 6.00%
> Rs. 5.00 Lakh to Rs. 15.00 lakh 7.00%
> Rs. 15.00 Lakh to Rs. 30.00 lakh 8.00%
> Rs. 30.00 Lakh to Rs. 50.00 lakh 9.00%
Pensioners Loan Scheme All Cases 12.00%
Car Loan Scheme CIBIL  (Credit Vision) Score CIBIL  (Credit Vision) Score
768 & above 8.85%-9.10%
726 to 767 9.40%-9.80%
675 to 725 10.60%-10.80%
Below 675 12.00%-12.10%
CIBIL (-1) 9.40%-9.80%
Staff 9.15%-NA
Personal Loan Scheme including Shikshak Samman Yojna (CIBIL Score Based)
Existing customers having account relationship with us
CIBIL  (Credit Vision) Score CIBIL  (Credit Vision) Score
768 & above 11.40%
726 to 767 12.40%
700 to 725 13.65%
Below 700 16.25%
CIBIL (-1) 12.40%
CIBIL (0) NA
Personal Loan-Other cases i.e. for applicant having account relationship with other Bank 768 & above 14.45%
726 to 767 15.45%
700 to 725 16.45%
Below 700 17.45%
CIBIL (-1) 15.45%
CIBIL (0) NA
Personal Loan to Staff CIBIL N.A. 10.50%
Loan to Doctors Up to Rs. 3.00 Lakh   10.00%
>RS. 3.00 LAKH upto Rs. 25.00 lakh   11.00%
>Rs.25.00 lakh Bases on Rating Interest Rate
A+ 10.00%
A 10.50%
B+ 10.75%
B 11.75%
C 14.00%
D 14.50%
Property Loan Scheme Irrespective of Amount
Against Residential Property Against Residential Property Against Commercial Property & others
10.25% 11.00% 14.00%
LABOD-Public All Cases 1.00% more than FD Rate
LABOD-Staff All Cases 1.00% more than FD Rate
LABOD-Third Party All Cases 2.00% more than FD Rate or 9.00% which is higher
Loan Against LIC Policy-Public All Cases 12.85%
Loan Against LIC Policy-Staff All Cases 12.40%
Loan Against NSC/KVP (Public) All Cases 12.85%
Loan Against NSC/KVP (Staff) All Cases 1.00% over NSC/KVP Rate
Loan to BCs/VLEs All Cases 10.90%
Krishi Udyami Swavlamban Yojna Up to Rs. 3.00 Lakh 10.00%
>Rs. 3.00 Lakh 11.00%
Solar Up to Rs. 3.00 Lakh 10.65%
>Rs. 3.00 Lakh 11.90%
BP/TOD All Cases 18.00%
Two Wheeler Loan Scheme All Cases 13.65%
Loan to Primary Agriculture Credit Societies (PACSs)/Large sized Adivasi Multi purpose Scieties (LAMPs) Up to Rs. 50,000/- 10.00%
>Rs. 50,000/- to 2.00 lakh 10.50%
>Rs. 2.00 Lakh 11.75%
Loan to Farmer's Service Socities (FSSs) Irrespective of Loan Amount 11.25%
Loan to Poly House/Green House/Plant Nursery/Production of Bio Pesticides, Bio Fertilizer, Vermi Compost etc. Up to Rs. 1.00 Crore 10.50%
>Rs. 1.00 Crore 13.25%
Gramin Credit Card Up to permissible limit  13.90%
Debt Swap Scheme As per Direct Agriculture Loans
BUPB Kisan Tatkal Rin Yojana As per Direct Agriculture Loans
MUDRA LOANS To be applied according to purpose wise
Stand Up India To be applied according to purpose wise
Top Up Loan facility to existing Home Loan Borrowers All Cases including Staff 9.90%
NSFDC (Interest Rebate of 1% for Women) MICRO-CREDIT FINANCE SCHEME (MCF) 5.00%
LAGHU VYAVASAY YOJNA(LVY) 6.00%
MAHILA SAMRIDHI YOJNA (MSY) 4.00%
TERM LOAN Up to Rs.5.00 lakh 6.00%
  >Rs.5.00 lakh & up to Rs.10.00 lakh 8.00%
 >Rs.10.00 lakh & up to Rs.20.00 lakh 9.00%
>Rs.20.00 lakh & up to Rs.27.00 lakh 10.00%
NSKFDC (Interest Rebate of 1% for Women) Term Loan 6.00%
Mahila Adhikarita Yojna (MAY) 5.00%
Mahila Samridhi Yojna (MSY) 4.00%
Micro Credit Finance (MCF) 5.00%
Education Loan 4.00%
Sanitation Workers Rehabilitation Scheme (SWRS) 6.00%
Sanitary Mart Scheme  4.00%
PMKUSUM   Up to  Rs 3.00 Lakh 9.00%
>     Rs 3.00 Lakh to Rs 25.00 Lakh 11.00%
 >     Rs 25.00 Lakh 11.50%
Agriculture Infrastructure Fund All Cases 9.00%
PMFME Upto Rs 3.00 Lakh 9.00%
>     Rs 3.00 Lakh 11.00%
All other loans which are not mentioned above Loan Amount Priority Sector/Non-PS
Up to Rs. 50,000/- 13.15%/13.90%
>Rs. 50,000/- to Rs. 2.00 Lakh 13.9%/15.40%
> Rs. 2.00 Lakh 15.4%/16.90%
                   
Preferred Borrowers:     
Employees of Government/Semi-Govt./Govt. undertakings and,    
Doctors, Engineers, Architects  & Chartered Accountants who are continuously filing Income Tax Returns (ITR) for the last 03 years.    
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