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Interest Rates on Loans*


Interest Rates on Loan Against Property

TypeRepo Rate + SpreadEffective Rate of Interest
Floating Rate- PSL CategoryRepo Rate + 4.00% to Repo Rate + 4.40%9.9% - 10.30% p.a.
Floating Rate- Non PSL CategoryRepo Rate + 4.00% to Repo Rate + 4.45%9.9% - 10.35% p.a.
TypeRepo Rate + SpreadEffective Rate of Interest
Floating Rate- PSL CategoryRepo Rate + 4.00% to Repo Rate + 4.40%9.9% - 10.30% p.a.
Floating Rate- Non PSL CategoryRepo Rate + 4.00% to Repo Rate + 4.45%9.9% - 10.35% p.a.

Floating rate Loans linked to the External benchmark rate are calculated as follows:

  • The Benchmark rate is the RBI Repo Rate (currently 5.90%)
  • The Bank charges an additional rate over the Benchmark Rate, called spread, to arrive at the final lending rate
  • The lending rate for existing customers is reset once in three months or as decided by the Bank, whichever is earlier.
  • The bank reviews the benchmark rate and the applicable spread at the beginning of every month. These rates are applicable till the next review