Retail Credit Department

Display of Information pertaining to Loans to Individual Borrowers under Retail Loans as on 03.01.2017
* From 14.03.2017 TO 30.06.2017

S.no Particulars Housing Loans Vehicle Loans Vehicle Loans Clean/consumer Education Loans Property Loans NAGL
(Four wheelers (Two wheelers Loans (Term loan
for personal for personal /Overdraft)
purpose) purpose)
A Interest Rate Range for the Preceding Quarter
A-1 Interest Rate 8.75% to 8.85% 9.20% 10.45% to 11.50% to 10.20% to 10.65% 10.55% to 10.50%
Range 10.70% 13.00% 11.05%
A-2 Mean Rate 8.80% 9.20% 10.57% 12.25% 10.42% 10.80% 10.50%
B TOTAL Fees & Charges Applicable to Loans to Individual Borrowers
B-1 Processing Charges No processing No processing No 1% of the loan No processing 1% of the loan 0.75% to
[+ applicable tax] charges. charges. processing amount with charges. amount with a 1.00% of
charges. minimum Rs.250/- maximum Rs.1 the loan
and maximum lakh + service tax amount
Rs.5000/-
B-2 Legal Charges 0.25% of the loan NA NA NA NA 0.25% of the loan NA
amount. Minimum amount.
Rs.250/- with a Minimum
maximum Rs.250/- with a
Rs.10,000/- maximum
Rs.10,000/-
B-3 Valuation charges 0.25% of the loan NA NA NA NA 0.25% of the loan NA
amount. Minimum amount. Minimum
Rs.250/- with a Rs.250/- with a
maximum maximum
Rs.10,000/- Rs.10,000/-
B-4 Administrative Minimum Rs.100/- Minimum Minimum Minimum Rs.50/- NA NA NA
charges per quarter with a maximum of Rs.50/- with a Rs.50/- with with a maximum
[+ applicable tax] Rs.250/- maximum of a maximum of Rs.150/-
Rs.150/- of Rs.150/-
C Annual Percentage Rate (APR) :: For Term Loans :: Per Lakh*
C-1 Rate of interest 8.80% 9.20% 10.57% 12.25% 10.42% 10.80% 10.50%
C-2 One time Charges 500/- 0.00 0.00 1000/- Nil 1500/- 1000/-
C-3 Variable Charges 400/- 200/- 200/- 200/- 0.00 Nil
C-4 Repayment Tenor 30 years 7 years 5 years 5 years 15 years 15 years 1 year
C-5 APR (%) 8.87% 9.22% 10.59% 12.35% 10.42% 10.92% 10.58%
Note: Where Building is given as security to the loan, insurance premium of building shall be borne by the borrower.
CERSAI charges, Stamp duty, Registration charges differ from state to state and to be borne by the borrower.