SN

Schemes

Credit Rating

Effective Rate for ‘A’ Rated a/c

A

B

C

1

Overdraft / Cash Credit against Hypothecation of Stocks / Book-Debts

1.00% below PLR

0.75% below PLR

0.50% below PLR

11.50%

2

Overdraft / Term Loan against LIC / Bonds / Govt. Securities / etc.

2.50% below PLR

2.25% below PLR

2.00% below PLR

10.00%

3

Overdraft Against Mortgage of Property

1.00% below PLR

0.75% below PLR

0.50% below PLR

11.50%

4

Loan Against Mortgage of Property

1.00% below PLR

0.75% below PLR

0.50% below PLR

11.50%

5

Housing Loan (Priority Sector)

3.25% below PLR

3.00% below PLR

2.75% below PLR

9.25%

5 a

Housing Loan (Non – Priority Sector)

2.75% below PLR

2.50% below PLR

2.25% below PLR

9.75%

6

Loan Against Hypothecation of Movable Fixed Assets

1.00% below PLR

0.75% below PLR

0.50% below PLR

11.50%

7

Loan Against Hypothecation Commercial Vehicle

1.00% below PLR

0.75% below PLR

0.50% below PLR

11.50%

8

Loan for Four Wheeler to Individual / Firms for Business / Personal Use

2.50% below PLR

2.25% below PLR

2.00% below PLR

10.00%

9

Loan for Two Wheeler to Individual / Firms for Business / Personal Use

1.50% above PLR

1.75% above PLR

2.00% above PLR

14.00%

10

Education Loan

1.00% below PLR

0.75% below PLR

0.50% below PLR

11.50%

11

Loans to Professional (Doctor / CA / Architect / Engineer / etc.

1.00% below PLR

0.75% below PLR

0.50% below PLR

11.50%

12

Loan Against Pledge of Gold Ornaments

9.75%

13

TOD / Adhoc / Excess over Sanctioned Limit

4.50% above PLR

5.00% above PLR

5.50% above PLR

17.00%

14

Loan / Overdraft Against Bank’s Own Deposit (Public & Staff both)

1.50% over interest on FDR pledged

Loan / Overdraft Against Bank’s Own Deposit to third party

Purpose wise applicable commercial rate

15

All other loans not classified above

15.50%