Interest Rates:
| Type of Loan |
Applicable Pricing For PSL cases |
Applicable pricing for Non-PSL cases |
| LAP (Income Based, GTP, GPR) |
MCLR + 2.55%= 11.35% p.a. |
MCLR + 2.80% = 11.60% p.a. |
Compounding of interest rate would take place as follows:
- Monthly compounding when the borrower has opted for a monthly annuity method or a lump sum method
-
Quarterly compounding when the borrower has opted for quarterly annuity method
-
Half-yearly compounding when the borrower has opted for half-yearly annuity method
-
Annual compounding when the borrower has opted for annual annuity method
Marginal Cost Based Lending Rate - 8.80%
MCLR Reset frequency for Loan against property - Half Yearly
Base Rate - 9.50%
MRR - 14.25%
BPLR - 17.25%
Customers who have availed disbursement or received a sanction prior to March 31, 2016 will continue to operate on base rate. Existing customers can get in touch with our customer care, if they wish to switch to MCLR.
For further details, please Click here
