I. AGRICULTURAL (CROP/ PRODUCTION LOANS)

SL. No Particulars Interest Rates
a. Loans up to Rs 3 Lakhs 7.00 % p.a
b. Above Rs 3 Lakhs & upto Rs. 5 Lakhs 11.50 % p.a.
c. Above Rs 5 Lakhs & upto Rs. 10 Lakhs 12.50 % p.a.
d.  Loans above Rs. 10 Lakhs 13.50 % p.a.

II. ALLIED AGRICULTURAL (Both Cash Credit and Term Loan)

SL. No Particulars Interest Rates
a.

Upto Rs 50.000/- 9.50% p.a.
b.

Above Rs 50,000/. and upto Rs 2 Lakhs 10.50% p.a.
c.

Above Rs 2 Lakhs and upto Rs 5 Lakhs 11.50% p.a.
d. Above Rs 5 Lakhs and upto Rs 10 Lakhs 12.50% p.a.
e. Above Rs 10 Lakhs 13.50% p.a. 

III. General Credit Card (GCC) & Sworozgar Credit Card (SCC)

SL. No Particulars Interest Rates
a.   9.50% p.a.

IV. SME SEGMENTS (BOTH CASH CREDIT & TERM LOAN)

SL. No Particulars Interest Rates
a. Upto Rs 50.000/- 11.00% p.a.
b. Above Rs 50,000/. and upto Rs 2 Lakhs 11.50% p.a.
c. Above Rs 2 Lakhs and upto Rs 5 Lakhs 12.00% p.a.
d. Above Rs 5 Lakhs and upto Rs 10 Lakhs 13.00% p.a.
e. Above Rs 10 Lakhs 13.50% p.a.

V. HOUSING LOAN

SL. No Particulars Interest Rates
a. Upto Rs 25 Lakhs 9.95% p.a.
b. Above Rs 25 Lakh 10.10% p.a.

VI. EDUCATIONAL LOAN

SL. No Particulars Interest Rates
a. Upto Rs 4 Lakhs 10.00% p.a.
b. Above Rs 4 Lakhs and upto Rs 10 Lakhs 11.00% p.a.
c. Above Rs 10 Lakhs and upto Rs 20 Lakhs 11.50% p.a.
d. Above Rs 20 Lakhs 12.00 % p.a

VII. P - SEGMENT

SL. No Particulars Interest Rates
a. Loan for Consumer durable / Computers / Two Wheeler 14.00% p.a.
b. Public Car Loan 10.00% p.a.
c. Personal loan / Festival loan 14.0 % p.a.

VIII. Loans under National Scheduled Tribes Finance and Development Corporation (NSTFDC)

SL. No Particulars Interest Rates
a. Upto Rs. 5 Lakhs 6.00% p.a.
b. Above Rs 5 Lakhs 8.00% p.a.

IX. OTHER LOANS

SL. No Particulars Interest Rates
a. Loan to NGOs for lending to SHG 10.00% p.a.
b. Loan under " Rent Plus" & "Mortgage Loan" scheme 14.00% p.a.
c.  Demand loan / overdraft against Bank's own security 1 % + FD rate
d.  Demand loan / overdraft against NSC / Surrender value of LIC policies / Gold ornaments and other acceptable securities 14.00% p.a.
e.  Clean Overdraft 15.50% p.a.

 SERVICE CHARGES

Equitable Mortgage Charges

(For SME sector only)

Per borrowing entity with Fund Based limits

Upto Rs. 10 Lakhs                                           - Rs. 500 per Lakh

Above Rs. 10 Lakhs but up to Rs. 5 Crore       - Rs. 15000/-

Above Rs. 5 Crore                                        - Rs. 20000/-

  • The charges are applicable for extension of mortgage for enhancement and for substitution of tide deeds.
  • The charge specified is applicable per instance irrespective of the number of title deeds.
  • The charge is applicable for extension of equitable mortgage recorded in favour of other lenders.
Commitment Charges
  1. Working Capital Limit (WC) : For all fund-based limits irrespective of size of the loan
  2. Term Loans: For all term loans (irrespective of Working Capital Limits)

0.25% p.a. on the entire unutilized portion if average utilization is 60% or less. (To be levied half-yearly).

1.20% for delayed draw down beyond 2 month.

NB - Exempted for WC Limits to Sick/Weak Units, Export Credit, Purchase/Discounting of bills, against bills for collection.

Inspection Charges (SME/AGL Segment)

Up to Rs. 25000/ 

Over Rs. 25000/- & Up to Rs. 2 Lakhs

Above Rs. 2 Lakhs but upto Rs. 5 Crore

For outstation Inspection

Above Rs. 5 Crore

- Nil (RBI Instruction)

- Rs. 500/- p.a.

- Rs. 500/- per Lakh p.a. for Inspection within same Municipal Limits with a maximum of Rs. 12000/- p.a.

- Actual Charges + 25% subject to a minimum of Rs. 12000/- p.a.

- Actual + 25%, subject to a minimum of Rs. 12000/- p.a.

Penalty for non-compliance of instruction

Non - submission of Audited Balance Sheet

Non submission of Stock Statements / renewal data

For limits above Rs. 25 Lakhs - Rs. 1200/- per month, if not submitted within 6 to 8 months of year end.

For limit above Rs. 2 Lakhs -- Rs. 200/- per month, if not submitted within 7 days of due date.

Inland Bank Guarantees

Performance Guarantees as well as Financial Guarantees

Up to Rs. 5 Crore - 2.75% p.a. plus Rs. 250/- as handling charges, subject to a minimum guarantee commission of Rs 400/-

NB: For BGs with 100% Cash Margin - 25% of the applicable charge to be recovered.

Letters of Comfort

Backed by 100% discharge of liability (viz. cash margin, sanctioned Tern Loan, Guarantee of First Class Bank, 100% lien on Drawing Power) - 0.6875% p.a.

Others - 2.75% p.a.

(Minimum Charges for 3 months will be recovered)

Service charges mentioned above are inclusive of Service Tax and therefore Service Tax and Education Cess should not be recovered from the party separately

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