Interest on loans
No.: Gen/26/ADM/2025-26 02/05-2025
This is to inform you that the Rate of Interest on following Loans have been revised in the BDR
held on 28-04-2025 with effect from 02/05/2025
| No of days and years | W.E.F. 01-1-2022 | W.E.F. 02-05-2025 |
| Up to 10 Lakhs | 12.90 | 13 |
| Above 10 Lakhs to 25 Lakhs | 12.90 | 13 |
| Above 25 Lakhs to 50 Lakhs | 12.90 | 13 |
| Above 50 Lakhs | 12.90 | 13 |
| P Loan | 16.00 | 16.00 |
| Gold Loan | 10.90 | 10.90 |
| NSC Loan | 12.00 | 12.00 |
| Special Category Loan for Educational and Charitable Institutions | 12.90 | 12.90 |
| TOD | 18.00 | 18.00 |
|
Deposit Loan (Above the Deposit Rate) Senior Citizen Deposit Loan |
2.00 1.50 |
2.00 1.50 |
| Pigmy Deposit Loan | 18.00 | 18.00 |
|
Hyp. Loan |
14.00 |
14.00 |
| Other HYP Loan like Machinery etc. | 12.50 | 12.50 |
| Education Loans | 9.90 | 9.90 |
| Housing Loan up to Rs. 60 lakhs | 9.75 | 9.50 |
| Constrution Loans | 14.00 | 14.00 |
| Micro Industries (Loan upto Rs. 5 Lakhs) | 12.90 | 12.90 |
| Non Priority Loans like (clearing of old debts, ceremonies etc) |
14.00 | 14.00 |
- Process charges @1% for all loans where Process Charge is applicable.
Credit Score based Rate of Interest on Loans.
| ForTerm Loans, MCC & Hyp of vehicles | Credit Score | Rate of Interest |
| < Rs.25 Lakhs | >700 | 9.90 |
| 600-699 | 12 | |
| 450-599 | 13 | |
| >Rs.25 Lakhs | 751-800 | 9.90 |
| 700-750 | 10.50 | |
| 600-699 | 12 | |
| 450-599 | 12 |
For Housing Loan
| Credit Score | Rate of Interest | |
| Up to Rs.75 Lakhs | 800 & Above | 8.90 |
| Up to Rs.75 Lakhs | 700 to 799 | 9.50 |
| Up to Rs.75 Lakhs | Below 700 | 9.90 |
| OD against Deposit | 1% above deposit rate |
Loan to Preowned Vehicle:
Preowned vehicles must not be more than Seven years.
Rate of Interest on Loans to purchase used Vehicles
- Rates start at 12.90 % p.a, subject to Credit Score/ Penal Charges of 2% on overdue amount.
- Tenure ranges from 12-60 months. (Depends on Vehicle conditions and 2nd owner /3rd owner)
- Customised rates as per financial profile and vehicle characteristics. (Make, Valuation)..
- Certification by Loan committee member.
| If Borrower is | Credit Score | Amount of Loan | R.O.I |
| 2nd Owner | = > 700 | 70 to 75% of Valuation or Sale Agreement which is low | 12.90% |
| 2nd Owner | 625 to 699 | 60 to 65% of Valuation or Sale Agreement which is low | 14% |
| 2nd Owner | 625 = > | 50% of Valuation | 15% |