Lending Rates

 

Interest Rates on Advances

Bank advances can be obtained on request from the branch. The average rates on advances are given below


TYPE Rate(p.a.)

SME

 
Loans & Overdrafts(Regular) 15.00% -17.00%
or
AWPLR + 3.25%
(Monthly Review)
Short Term Local Purchase Loans (Maximum of 6 Months) 13.25% - 15.25%
or
AWPLR + 3.25%
(Monthly Review)
Short Term Loans for Exports (Maximum of 6 Months) 12.75% Fixed
or
AWPLR + 2.50%
(Monthly Review)

Development / Micro Finance

Loans below Rs. 1.0 Mn. 17.50% - 19.00%
Loans of Rs. 1.0 Mn. & up to Rs. 5.0 Mn. 16.00% - 17.00%

Personal Borrowers (“Shanthi” Home Loans)

  With Salary Remittance
“Shanthi “ Home Loans – Normal Scheme [Fixed Rate]
– Upto 5 Years
– 6 to 10 Years
– 11 - 12 years
– 13 - 15 years
– Above 15 years
  
14.25%
15.25%

5 years or 10 years fixed followed by PLR + 2.5%

“Shanthi “ Home Loans - Normal Scheme [Floating Rate]
- Upto 10 years
- Above 10 years
 
AWPLR + 2.75%
AWPLR + 3.00%
“Shanthi “ Home Loans - Professionals Scheme for Medical Practitioners & Consultants / Pilots / Engineers / Software Engineers / Accountants / Architects / Attorney-at- Law (as detailed in Credit Circular No. 2014/7) [Fixed Rate]
- Upto 5 Years
- 6 to 10 Years
- 11 to 12 Years
- 13 to 15 years
- Above 15 years

 
 

13.25%
14.50%

5 years or 10 years fixed followed by PLR + 2.75%

Shanthi “ Home Loans - Professionals Scheme for Medical Practitioners & Consultants / Pilots / Engineers / Software Engineers / Accountants / Architects / Attorney-at- Law (as detailed in Credit Circular No. 2014/7 ) [Floating Rate]
 
- Upto 10 years

- Above 10 years

 
 
 

AWPLR + 2.75%

AWPLR + 3.00%

Shanthi “ Home Loans - Foreign Currency
[Floating Rate]
- US Dollar Only
 
 
- Any Other Currency
 
 
06 months
LIBOR + 5.5%
(Floor of 7.00%)
Please refer Treasury

Personal Borrowers (Personal Loans)

Personal Loans – Executives / professionals / "FUTUR+" Higher Educational Loans Scheme / Dream Drive Vehicle Loans / To Purchase Solar Power Systems / Debt Consolidation loan / Emergency loans – [Fixed Rate]
- 5 Years
- 7 Years

 
 
 

14.75%
15.50%

Personal Loans – Executives / professionals / "FUTUR+" Higher Educational Loans Scheme / Dream Drive Vehicle Loans / To Purchase Solar Power Systems / Debt Consolidation loan / Emergency loans – [Floating Rate]
- 5 Years
- 7 Years

 
 

AWPLR + 3.25%
AWPLR + 3.50%

Personal Loans – Medical Practitioners / Consultants / Pilots / Aeronautical Engineers / Architects / Accountants – [Fixed Rate]
- 5 Years
- 7 Years
 
 
14.50%
15.50%
Personal Loans – Medical Practitioners / Consultants / Pilots / Aeronautical Engineers / Architects / Accountants – [Floating Rate]
- 5 Years
- 7 Years
 
 
AWPLR + 3.00%
AWPLR + 3.25%

"Sathkara Loans" to Government Pensioners

Fixed Rate for
- 5 Years
- 7 Years
 
15.00% 
15.50%

Leasing

Lease Period Unregistered Registered
Salaried Business Salaried Business
Up to 3 years 13.25% 14.00% 14.00% 14.50%
Up to 4 years 13.75% 14.25% 14.50% 15.00%
Up to 5 years 14.25% 14.50% 15.00% 15.50%
Up to 6 years 15.00% 15.25% - -
Up to 7 years 15.50% 16.00% - -

Note: Rates are subject to change. All rights reserved. Conditions apply