Rate of interest on loan
Rate of Interest
Rate of Interest on Loan
With effect from the 5th December 2022
| Type of Loan |
CCB / SCB Branch to Primary Society |
Primary Society to individual members/ or CCBs / SCB Branches to nominal members |
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| Revised | Revised | |||||||||||||||||
| 1. | ST(SAO) Under KCC mode | Current-5 Overdue-8.5 |
Current-7 Overdue-11 |
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| 2. | Term Loan (Farm Sector and Farm allied Sector) *This is Card rate the Risk Premium up to 3% may be added on the basis of the nature of Scheme, repayment history of borrower) |
9.00 | 9.25 | |||||||||||||||
| 3. | Self Help Group ( SHGs) | 11.00 | 11.00 | |||||||||||||||
| 4. | Medium Term Loan to Employees' Co-operative Credit Societies | 11.50 | 12.50 | |||||||||||||||
| 5. | HOUSING LOAN | |||||||||||||||||
| 5(i) | State Govt. Housing Loan (irrespective of loan size) with contract period of repayment(FIXED OPTION) (i) Up to 5 years (ii) Above 5 years & up to 10 years (iii) Above 10 years & up to 15 years (iv) Above 15 years & up to 20 years Above Slab of Revised rate is valid for CIBIL/Credit Score of >=800. For Credit score <=799 to 700 additional 0.05% to be added as risk premium with ROI in each slab and for less than of credit score of 700 0.10% to be added as risk premium with ROI |
8.40 8.65 8.90 9.15 |
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| 5(ii) | Home Loan (irrespective of loan size) with contract period of repayment ( FIXED OPTION) (i) Up to 5 years (ii) Above 5 years & up to 10 years (iii) Above 10 years & up to 15 years (iv) Above 15 years & up to 20 years Above Slab of Revised rate is valid for CIBIL/Credit Score of >800. For Credit score <=799 to 700 additional 0.05% to be added as risk premium with ROI in each slab and for less than of credit score of 700 0.10% to be added as risk premium with ROI for individual/nominal members. In case of Home Loan through society 0.05% margin may be allowed in each Slab) |
8.05 8.30 8.55 8.90 |
8.50 8.75 9.00 9.25 |
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| 5(iii) | Home Loan (irrespective of loan size) with contract period of repayment- ( Floating OPTION) ROI on the basis of credit Score CIBIL SCRORE >=800 CIBIL SCORE>=700 to <=799 CIBIL SCORE >=650 to <=699 CIBIL SCORE < 650 |
8.40 8.65 8.75 8.85 |
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| 6. | Personal Loan | Salary Linked- 12.50 Others -14.00 |
ROI on the basis of CIBIL Score
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| 7. | Non-Commercial Car Loan | Salary Linked- 9.00 Others -10.50 |
ROI on the basis of CIBIL Score
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| 8. | Term Loan (Non-Farm) (i) Up to Rs. 5 lac (ii) above Rs. 5 - 10 lac (iii) above Rs. 10-25 lac (iv) above Rs. 25 lac *This is Card rate the Risk Premium up to 3% may be added on the basis of the nature of Scheme, repayment history, Credit Score of CICs of the borrower). |
9.15 9.65 8.85 10.35 |
9.25 ** 9.75 ** 10.00 ** 10.50 ** |
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| 9. | Cash Credit /Overdraft | Same as Sl. No.8 above | ||||||||||||||||
| 10. | Loan against NSC/KVP/LIC Policy | - | 11 | |||||||||||||||
| 11. | BSKP/SVSKP/PMEGP Loan | Same as Sl. No.8 above | ||||||||||||||||
| 12. | Consortium Lending and other Big Loans | External Rating of the unit if any, Cost of Fund and Bench mark rate of the Bank | ||||||||||||||||
| 13. | Farmers producer company | 9.00 | ||||||||||||||||
* For SL No.4 interest rebate of 0.10% for salary- linked M.T. ECCS Loan cases * For Sl. No.2, there will be a Reset Clause on Rate of Interest after 2 (two) year from disbursement date ( Fixed option) ** For Sl. Nos. 8 and 9, interest rebate at each stage will be allowed on the applicable rate of interest @ 0.15% and 0.75% on furnishing of liquid collateral securities covering not less than 50% and 100% respectively of the loan amount sanctioned. |
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