| Sl. No. |
Name of Scheme |
Floating Interest Rate % p.a. |
Effective date |
|
1
|
Pushpaka - Loan for purchase of new and used cars and new 2-wheelers |
Up to 3 Years - 12.75
>3 to 5 Years - 13.25
|
01.05.2012
|
| 2 |
Sahayika - Loan to meet social financial commitments |
14.25
|
01.05.2012
|
| 3 |
Sanjeevini - Loan to medical practitioners for setting up nursing homes/hospitals and for purchase of equipments |
13.50
|
01.05.2012
|
| 4 |
Pensioners' Loan Scheme - loan to pensioners for meeting immediate emergency needs |
14.50
|
01.05.2012
|
| 5 |
Home Décor - loan for furnishing your home. |
13.25
|
01.05.2012
|
| 6 |
Liquirent - loan against future rent receivables |
15.50
|
01.05.2012
|
| 7 |
Akshay - loan against life policies of LIC and private insurers approved by IRDA |
14.25
|
01.05.2012
|
| 8 |
Vidya jyothi - loan for pursuing higher education
up to Rs.4 lac
>Rs 4 lac and up to Rs. 7.5 Lacs
Above Rs.7.5 lacs
|
12.50
13.75
13.50
|
01.05.2012
|
| 9 |
Clean Loan - loan to employees of reputed organisations to meet personal expenditure |
15.50
|
01.05.2012
|
| 10 |
Easy Trade Finance - Hassle free working capital finance and term loan to retail traders |
Working Capital : 13.50
Term Loan : 14.00
|
01.05.2012
|
Housing Loans (for purchase/construction/repair/renovation )
Floating rates (based on Base Rate) w.e.f. 01/05/2012
| Payment Options |
Interest rates % p.a. |
| Repayment * |
Up to 5 years |
> 5 to 10 yrs |
>10 to 20 yrs |
| Loan Amount |
|
|
|
| Up to Rs.30 lakh |
10.75
|
11.00
|
11.25
|
| Over 30 lakh |
11.00
|
11.25
|
11.50
|
Note:
1. 0.25% interest concession is allowed for loans up to Rs. 30 lakhs, where the margin offered is 25% and more. **
2. 0.50% interest concession is allowed for loans above RS. 30 lakhs, where the margin offered is 25% and more **
** The above concesseions will be extended subject to the rate not falling below the Base rate, which is at present
10.50%.