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. | |||||||||