MCLR |
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a. Overnight MCLR | 9.65 |
b. One Month MCLR | 9.65 |
c. Three Month MCLR | 9.65 |
d. Six Month MCLR | 9.65 |
e. One Year MCLR | 9.65 |
f. Above One Year MCLR | 9.65 |
Base Rate | 10.20% |
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External Benchmark Rate (EBR) | Repo Rate 5.15% at present |
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Category | Loan Amount | Benchmark | Product Spread | Credit Risk Premium* | Remarks | Reset Clause |
---|---|---|---|---|---|---|
Housing Loans – Salaried Class (with LTV upto 75%) |
Upto Rs.25.00 Lac | EBR | 3.25 | 1.75 | Floating | Quarterly |
Above Rs.25.00 Lac to Rs.75.00 Lac | EBR | 3.25 | 2.00 | Floating | Quarterly | |
Above Rs.75.00 Lac | EBR | 3.25 | 2.25 | Floating | Quarterly | |
Housing Loans – Non Salaried Class (with LTV upto 75%) |
Upto Rs.25.00 Lac | EBR | 3.25 | 1.85 | Floating | Quarterly |
Above Rs.25.00 Lac to Rs.75.00 Lac | EBR | 3.25 | 2.10 | Floating | Quarterly | |
Above Rs.75.00 Lac | EBR | 3.25 | 2.35 | Floating | Quarterly | |
Housing Loans – Salaried Class (with LTV more than 75%) |
Upto Rs.25.00 Lac | EBR | 3.25 | 2.00 | Floating | Quarterly |
Above Rs.25.00 Lac to Rs.75.00 Lac | EBR | 3.25 | 2.25 | Floating | Quarterly | |
Above Rs.75.00 Lac | EBR | 3.25 | 2.50 | Floating | Quarterly | |
Housing Loans – Non Salaried Class (with LTV more than 75%) |
Upto Rs.25.00 Lac | EBR | 3.25 | 2.10 | Floating | Quarterly |
Above Rs.25.00 Lac to Rs.75.00 Lac | EBR | 3.25 | 2.35 | Floating | Quarterly | |
Above Rs.75.00 Lac | EBR | 3.25 | 2.60 | Floating | Quarterly |
Effective Rate: EBR + Product Spread + Credit Risk Spread
*Credit Risk Premium may vary client to client.
Processing Fee: 0.50% of the loan amount.
Interest Rates | Processing Fee |
---|---|
Personal Loan : MCLR + 6.00% Consumer Loan : MCLR + 5.75% |
1.00% with minimum Rs.500/- |
Interest Rates | Processing Fee |
---|---|
Two Wheeler : MCLR + 4.00% New Four Wheeler (Non-Commercial) : MCLR + 1.25% Transport Vehicle : MCLR + 3.00% |
1.00% with minimum Rs.500/- 0.50% of the Loan Amount 0.50% of the Loan Amount |
Auto Loans
In case the account is adjusted before 1 year from the scheduled date of expiry or it is taken over by some other bank, premature charges will be levied @ 2%.
Minimum Rs.500/-
Housing Loans (on floating rate): NIL
Term Loans for Rs.1 Cr & above and Project Loans (irrespective of amount)
If Adjusted / Taken Over Within | Charges |
---|---|
1 Year of Account Opening | 5% |
2 Years of Account Opening | 4% |
3 Years of Account Opening | 3% |
After 3 Years but before 1 Year of Scheduled Date of Expiry | 2% |