| S. N. |
Category of Advances |
Intt. Rate % p.a. |
| 1. |
For all categories of loans and advances not otherwise specified here-in-after:
a) Up to Rs. 2.00 Lacs
b) Over Rs. 2.00 Lacs |
13.00
14.00 |
| 2. |
All Priority Sector and Trade Loans & Advances viz. Agriculture/SSI/Other Priority Sector Loans/Advances given to Retail Traders, Small Businessmen, P&SEP (Composite Loans) and other Trade Sector Loans and Advances (Excluding Schematic Advances which are governed by approved Schemes):
- For KCC & Crop Loans:
i) Up to Rs. 0.50 Lac
ii) Above Rs. 0.50 Lac and Up to Rs. 2.00 Lacs
iii) Above Rs. 2.00 lacs & up to Rs. 5.00 lacs
- Other than KCC & Crop Loans: -
i) Up to Rs. 2.00 Lacs
ii) Above Rs. 2.00 Lacs
* Note: - As per RBI guidelines, on KCC & ST Crop Loans up to Rs. 3.00 lacs rate of interest be charged @ 7.00% p.a. in all regular A/cs. However, in case of irregular A/cs, the Normal rate of intt., as indicated hereinabove at point no. 2. (a), will be charged. |
*9.50
*12.00
*12.50
12.00
13.00 |
| 3. |
Suvidha Loan Business: -
Term Loan:
Overdraft:
|
13.00
13.50
|
| 4. |
Mortgage Loan Scheme (Irrespective of loan amount)
Term Loan:
Overdraft:
(Mortgage Loan against Third Party (Parties)
Collateral attract 1% additional interest) |
13.50
14.00 |
| 5. |
Mewar Bank Krishi Yojana |
13.00 |
| 6. |
Education Loan
- Education Loan for IIT, IIM & AIMS - Interest Rates 1% lower than the Normal Rate
- Education Loan to Staff & its family members may be considered at 1% lower the Normal Rate
|
11.00 |
| 7. (a) |
Second hand P/M & Vehicle |
16.00 |
| 7. (b) |
Second Hand Commercial Vehicle (Not > 3 Years old Model) |
14.50 |
| 8. |
Advances under Self Help Group (SHG)
Advances to SHG
Advances to NGOs /VAS |
12.00
12.00 |
| 9. |
Housing Loan up to Rs. 20.00 lacs to Individuals & Commercial loans to staff members including Repairs & Renovation: |
|
| |
Repayment Period |
Floating/variable Intt. Rate % p.a. * |
| |
01 Year to 05 Years |
8.00 |
| |
Above 05 Years to 10 Years |
8.50 |
| |
Above 10 Years |
9.25 |
| |
- Housing Loans over Rs.20.00 lacs (irrespective of the repayment period) |
10.00 |
| * Fixed rates of Interest on Housing Loans has already been dispensed with from 01.05.2006 and accordingly the Loans sanctioned/ disbursed on or after 01.05.2006 will carry floating/variable rate of interest revised by the Bank from time to time. The Loans Sanctioned/disbursed prior to 01.05.2006 will continue to be charged at sanctioned rate. |
| 10. |
DRI Advances |
4.00 |
| 11. |
Loan against Gold / Gold Ornaments |
15.00 |
| 12. |
Real Estate Loans:
- Loan for construction activity to builders
(Repayable in three years)
- Loan / Term Loans for purchase of
Commercial properties for own use / renting (with 50% margin on Valuation / Estimate, got done by Bank’s approved Valuer / Architect
(KEPT IN ABEYANCE) |
19.00
19.00 |
| 13. |
Car Loan / Equipment Loans to:
- Medical Practitioners/Technocrats/Salaried Persons
- Non-Salaried Persons
(Priority Sector Up to Rs. 5.00 Lacs)
|
10.50
11.00 |
| 14. |
All type of vehicle /car loan to public
(Up to Rs. 5.00 Lacs) |
12.00 |
| 15. |
Advances against Govt. Securities
I. NSC / KVP / Post Office Time Deposits
(a) For Loans and Over-drafts to self
(b)For Loans and Over-drafts to Third Parties
against collateral of Govt. Securities
II. Against assignment of Life Insurance Policies to Individuals
(with minimum 10% margin on Surrender Value)
Margins be kept based on residual maturity period on issue price+ Interest accrued as under: -
NSC / KVP less than 02 Years- 10%
NSC / KVPs for 02 Years and above- 25%
Post Office Time Deposits: On Principal Amt.
Up to 01 Year - 10%, Above 01 Year to 02 Years- 20%
Above 02 Yrs. to 03 Yes.- 30%, Above 03 Years - 40% |
12.00
13.50
12.00 |
| 16. |
Consumer Loan to Public / Employees
- Consumer Loan / Clean Loan
i)
Salaried Person
ii)
Others
- Clean Consumer Loan to Institutional Employees Approved by the Bank
i)
Where Installments is being deducted by the Branch from
Salaried Account of the employee
ii)
Where Installment is being paid by the employer directly to the Branch
|
14.00
16.00
13.00
12.00 |
| 17. |
Advance to Property Owner against Rent/Lease Receivables
(1% reduction in case of Landlord of Bank’s branches) |
15.00 |
| 18. |
Clean Loan / Overdraft and other advances of
similar nature |
17.00 |
| 19. |
Advances against Bank’s Term Deposits
(Including third party advance)
- Up to Rs. 10.00 lacs
- Above Rs. 10.00 lacs
|
2.00
(Above the deposit rate)
1.50
(Above the deposit rate) |
