Home Banking - Individual Loan Rates w.e.f. 19.03.

2014
1. CONSUMER LOAN
Purpose For House hold items
Max. Loan Amount Rs. 2,00,000/-
Margin Money
25%, 10% (in group cases) , 15% (in case of Employees*)
Interest Rate
12.50% , 10.5% p.a. (in case of Employees*)
Insurance In case of vehicle.
Repayment Period 5 years on monthly basis
Security
i) Salaried

ii) Non Salaried

Guarantee of 1 person + Advance cheque/ Authority letter/
Employer acceptance letter.

Guarantee of 1 person + Collateral Security i.e. N.S.C. / F.D.R. /
guarantee of seprate 1 person having capacity to repay the loan
and Advance Cheques

2. VEHICLE LOAN
Purpose For personal use and Commercial use
Max. Loan Amount Light- Rs.5.00 lacs (Personal)
Heavy-Rs.10.00 lacs (Commercial)
Margin Money
15.0% & 25.0% , 15% (in case of Employees*)
Interest Rate
12.0%, 10.5% p.a. (in case of Employees*)
Insurance Insurance of vehicle.
Repayment Period 5 years on monthly basis
Security:-
i) Salaried

ii) Non Salaried

Guarantee of 1 person + Employer acceptance letter /authority
letter/Advance Cheques
Guarantee of 1 person + Collateral Security i.e. N.S.C. / F.D.R./
guarantee of seprate 1 person having capacity to repay the loan
and Advance Cheques

3. HOUSE LOAN
Purpose For purchases/construction of Houses, Modernisation
Max. Loan
Amount
Rs. 30.00 lacs
Margin Money 20.0% up to Rs. 25,000
25.0% up to Rs. 50,000
30.0% above Rs. 50,000
Interest Rate

Up to 5 years Above 5years

Up to 2.00 lacs 9.50% 10.00%
Above 2.00 lacs 10.00% 10.50%

@ 10.5% (in case of Employees*)
Insurance Insurance of house
Repayment
Period
15 years on monthly basis including moratorium up to 18 months
Security:-
i) Salaried
ii) Non
Salaried

Mortgage of assets + Letter of Employer /Advance Cheques
Mortgage of assets/ Advance Cheques

EDUCATIONAL LOAN
Purpose Loan for pursuing higher education for 2 students in a family on the basis
of repaying capacity i.e. Engineering, Medical and Master degree
courses etc.
Max. Loan
Amount
Rs. 3.00 lacs
Margin Money
20%, 15% (in case of Employees*)
Interest Rate 13%, 10.5% (in case of Employees*)
Repayment
Period
Maximum 5 years on monthly basis.
Security Guarantee of 1 person, Collateral Security or NSC, FDR etc.