RATE OF INTEREST ON GOLD AND OTHER LOANS
|
SL.NO |
Particulars |
|
Revised rates and limits from 18.07.2011 |
|
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|
Rate Per gram |
Rate ofinterest |
Due date/period |
Penal Interest |
Interest repayment |
Charging ofinterest |
|||
|
1 |
Gold loan (up to One lakh) |
1700/- |
13.50 |
One year |
2.00% |
Annual |
MonthlyCumulative |
|
|
2 |
Gold loan (above one lakh up to five lakh) |
1700/- |
13.50 |
Six months |
2.00% |
Monthly |
MonthlyCumulative |
|
|
3 |
Gold loan Cash Credit ( up to Rs10 lakh) |
1700/- |
14.00 |
One year |
2.00% |
Monthly |
Monthly Cumulative |
|
|
4 |
SHG |
14.00 |
2-5 years |
2.00% |
Monthly |
Monthly Cumulative |
||
|
5 |
Education loan |
14.00 |
3 -7 years |
2.00% |
Half Yearly |
Cumulative Half yearly |
||
|
6 |
Dairy loans(Other than LT) |
13.00 |
3-5 years |
2.00% |
Monthly |
Monthly Cumulative |
||
|
7 |
Sheep rearing (Other than LT) |
13.00 |
3-5 years |
2.00% |
Half yaerly |
Cumulative Half yearly |
||
|
8 |
Non-farm |
15.00 |
3-5 years |
2.00% |
Monthly |
Monthly Cumulative |
||
|
9 |
Mortgage loans (max Rs 5 lakh) |
15.00 |
3-5 years |
2.00% |
Monthly |
Monthly Cumulative |
||
|
10 |
Personal loan-Petty Traders (Max Rs 5 lakh) |
15.00 |
3-5 years |
2.00% |
Monthly |
Monthly Cumulative |
||
|
11 |
Cash Credit/Over Draft |
15.00 |
One year |
2.00% |
Monthly |
Monthly Cumulative |
||
| PACS | ||||||||
|
a. |
Cash credit NC Business |
12.50 |
One year |
2.00% |
Monthly |
Monthly Cumulative |
||
|
b. |
Cash credit-Gold |
12.50 |
One year |
2.00% |
Monthly |
Monthly Cumulative |
||
|
c. |
Paddy procurement |
13.00 |
One year |
2.00% |
Monthly |
Monthly Cumulative |
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|
|
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