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2015 Loan Products and Interest Rates

This document lists 28 different loan products offered by a cooperative society or bank in 2015, along with the applicable interest rates. The loan products include agricultural loans, personal loans, vehicle loans, housing loans, education loans, and loans for various business sectors. The interest rates range from 5.5% to 17% depending on the loan category, amount, and whether it is being offered to an individual or cooperative society. Penal interest of 2% is charged on overdue amounts for all loan types.

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Abhishek Choudhary
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124 views7 pages

2015 Loan Products and Interest Rates

This document lists 28 different loan products offered by a cooperative society or bank in 2015, along with the applicable interest rates. The loan products include agricultural loans, personal loans, vehicle loans, housing loans, education loans, and loans for various business sectors. The interest rates range from 5.5% to 17% depending on the loan category, amount, and whether it is being offered to an individual or cooperative society. Penal interest of 2% is charged on overdue amounts for all loan types.

Uploaded by

Abhishek Choudhary
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

6 LOAN PRODUCTS 2015

Co-Op. Societies Individuals Agriculture Agriculture Non Farm Sector Non Farm
Sector Personal Vehicle Personal Vehicle Weavers/Industrial/Housing Housing Cash
Credits Cash Credits

Interest Rates on Loans & Advances w.e.f. 02-04-2015

S.NO CATEGORY SOCIETY PUBLIC

1 KISAN CREDIT CARD

UP TO RS.300000 5.50% 7%

ABOVE RS.300000 11.75% 12.75%

2 MT AGRICULTURE& ALLIED ACTIVITIES(ALL


AGRICULTURAL RELATED ACTIVITIES)

UPTO RS.50000 11.25% 12%

11.50%
ABOVE RS.50000 12.25%

3 TRACTOR MECHNIZATION/IRRIGATION ---- 12.75%

10
4 SHORT TERM LOAN OTHER PURPOSES 11.75% 12.75%

5 CCL/TL SHG

UPTO RS.50000 12.75%

50001 TO RS.200000 13.25%

ABOVE RS.200000 13.50%

6 GCC/ECC//PERSONAL 15%

COMPUTER / CONSUMER 14.75%

14.50%
7 LOAN AGAINST PROPERTY

9 SLI 1% higher then


8 LAFD 1% higher then
deposit
rates 2% higher
1% higher then deposit
then deposit rates
rates

10 SLI FOR STAFF AT PAR

11
11 CCL FOR (PDS/FERTILIZER/WEAVER)

UPTO RS.100000 12.75 13

ABOVE RS. 100000 13 13.5

12 CCL HYPO TO INDIVIDUAL

UPTO RS.100000 13.00%

1000001 TO 4000000 13.50%

ABOVE 40 LAKH 13.25%

13 CCL FOR FERTILIZER

UP TO Rs. 100000 12.75% 13.00%

ABOVE Rs. 100000 13.00% 13.50%

14 SLI AGAINST NSC/KVP/LIC 12.5%

15 SLI TO STAFF AGAINST NSC/KVP/LIC AT PAR

16 PERSONAL VEHICLE LOAN

UPTO 3 YEARS 10.50%

3YEARS TO 5 YEARS 11.25%

ABOVE 5 YEARS 11.5%


12

17 COMMERCIAL VEHICLE

UPTO RS. 300000 13.50%

ABOVE RS 300000 13.75%

18 CCL FOR TRANSPORT BUSINESS 14.00%

19 TWO WHEELER

FOR GOVT. EMP

UPTO 3 YEARS 14.50%

ABOVE 3 YEARS 15.00%

FOR OTHERS

UPTO 3 YEARS 14.50%

ABOVE 3 YEARS 15.00%

20 LOAN FOR HOUSE CONSTRUCTION/REPAIR/PURCHASE

UPTO 5 YEARS 10.10%

ABOVE 5 YEARS TO 10 YEARS 10.20%

ABOVE 10 YEARS TO 15 YEARS 10.25%


ABOVE 15 YEARS 10.50%

13

21 HIRING OF BANK BUILDING ACCOMODATION 13.75%

22 NFS/SSI/HOTEL/MOTEL/K&VIB/DIC/OTHER NPS ACTIVITIES

UPTO 5 YEARS 13.00%

UPTO 10 YEARS 13.50%

UPTO 15 YEARS 14.25%

ABOVE 15 YEARS 14.25%

23 DOCTOR/PROFESSIONAL LOAN

UPTO 5 YEARS 13.25%

UPTO 10 YEARS 13.75%

UPTO 15 YEARS 14.25%

ABOVE 15 YEARS 14.50%

24 TERM LOAN WEAVERS


UPTO RS.200000 10.75% 11.25%

ABOVE RS.200000 11.75% 12.25%

25 SGSY/SJSRY/SCC/SCAVANGER/SME

14

UPTO RS.50000 12.50%

ABOVE RS.50000 13.50%

26 EDUCATION LOAN

UPTO RS.400000 11.85%

400001 TO RS.700000 12.10%

ABOVE RS. 700000 13.10%

27 OVERDRAFT 17.00%

28 TERM LOAN/CCL TO
KAPARD/BOARDS/CORPORATIONS/IC
DP
as per
sanction letter

TABLE NO.
2.6
1) Penal interest @2%shall be charged on the overdue amount on all types of loans.
The penal interest will be charged on product/scheme basis and may not be capitalized.

2) Interest rate of LAFD to society’s i.e. 1% higher than deposit will be


effective from

02-04-
2015.

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