InterestRates

Interest Rates On Loans & Advances

             
Head of Loans/Advances Rate of Interest(%) Rate of Interest(%)

CKCC/CROP LOAN/RMG/JLG(INTEREST SUBVENTION) Including KCC AH & F

Up to Rs.3,00,000/- during subvention period 7.00
Up to Rs.3,00,000/- after subvention period 13.50
Above Rs.3 00,000/- 14.25

KCC TO ORNAMENTAL NURSERY

Up to Rs.3,00,000 during subvention period 7.00
Up to Rs.3,00,000/- after subvention period 11.00
Above Rs.3,00,000/- 11.00

KCC TO FISH TANKS (CGKFT)

Up to Rs.3,00,000 during subvention period 7.00
Up to Rs.3,00,000/- after subvention period 12.00
Above Rs.3,00,000/- 12.00

Agri. Gold Loans ( No subvention)

Rythu Swarna Gold Loan (RSWGL) 9.75
Agricultural Term Loan Against Pledge of Gold (ATLSW) 10.00
Non Agrl Gold Loan up to Sanction Limit of Rs.2.00 lakh 10.75
Non Agrl Gold Loan above Sanction Limit of Rs.2.00 lakh 10.75

Agriculture Term Loans

Farm Mechanization / Power Tillers / Harvesters 12.25
Other Agriculture Term Loans Including Rural Godowns 12.25
Term Loan for Agri Land Purchase 11.75
Term Loan to Agriculturists to Purchase two/four wheelers (ATLVL) 10.75
Chaitanya Godavari RythannaNestham Loan (CGRNL) 10.25

AGRI & ALLIED ACTIVITIES (AAA)

Dairy, Sheep & Other Allied Activities 12.25
YSR Cheyutha - Agri 11.00

LOAN AGAINST MERCHANDISE (LAMs)

NRLM Districts (Guntur & East Godavari)
Loan Against Merchandise - Traders 11.50
Loan Against Merchandise - Farmers 11.00
Produce Loans 11.50

MSME TERM LOANS (RT,BE,PSE,RTO,RCC,SCCGN)

Upto Sanction Limit Rs.50000/- 11.50
Above Sanction Limit Rs.50000/- 12.00
SSI/MSME (Manufacturing Units) Upto Sanction Limit of Rs.2.00 crore 11.25
SSI/MSME (Manufacturing Units) Above Sanction Limit of Rs.2.00 crore 10.75
YSR Cheyutha - Retail 11.00
General Credit Card ( Max. limit Rs.25000/-) 11.00
PM SVANIDHI 11.00
JaganannaThodu 11.00
NFSJL Upto Rs.50000/- 11.50
NFSJL Above Rs.50000/- 12.50
PMFME Loans 11.00

Housing Loan

For Purchase of Flat/Construction of House over Site/Purchase of House/Purchase of Site & Onward Construction
CIBIL Credit Vision Score:
8008.75
750-799 8.95
700-749 9.15
650-699 9.35
550-649 9.55
New to Credit (-1 Score) or 101-200 9.15
Housing loans for repair/renovation 10.90
PMAY (U) AHP Housing Loan (HLTI3 & HLTI4) 9.00
SOD/OCC
SOD to Traders/Contractors, SOD to Traders under MSME category 12.00
SOD to All Other Categories11.25
OCC up to Rs.2.00 lakh11.25
OCC above Rs.2.00 lakh based on rating
A+++ 11.75
A++ 12.00
A+12.25
A12.75
B 13.75
C 14.00

EDUCATION LOANS

With Urban/Semi Urban RCC Roof Residential Flat/Building and/or Commercial Building Property as Collateral Security 11.75
With 100% cash margin (such that o/s balance at the time of interest capitalization is not more than sanction limit) 11.25
Education Loan – All Other Categories (Sanction Limit upto Rs.4.00 lakh) 11.75
Education Loan – All Other Categories (Sanction Limit above Rs.4.00 lakh) 12.75

VEHICLE LOANS

Two Wheeler Loans – Non Agri 11.25
Four Wheeler Loans – Non Agri 10.25

PERSONAL LOANS TO SALARIED INDIVIDUALS

Card Rate 11.75
CIBIL Credit Vision Score >750 11.50
CIBIL Credit Vision Score >800 11.25
New to Credit (Credit Vision Score -1 or 101-200) 11.75

PERSONAL LOANS TO NON SALARIED INDIVIDUALS

Card Rate 11.25
CIBIL Credit Vision Score 750 – 800 11.00
CIBIL Credit Vision Score >800 10.75
New to Credit (Credit Vision Score -1 or 101-200) 11.25

PROPERTY LOANS

Property Term Loans 11.25
Property Overdraft 11.25
Property Term Loan to APSHCL Beneficiaries 11.00

OTHER TERM LOANS

Term Loan for Machinery/Equipment Purchase 11.25
Term Loan for Commercial Constructions 12.30
Term Loan for Social Infrastructure 11.25
Welcome Doctor Term Loan 9.75
Welcome Doctor Working Capital limit 9.50
Other Term Loans under TLOTE/TLOTH Categories 12.75

SHG BANK LINKAGE

SHGs under NRLM (Administered by SERP)
Up to Sanction Limit of Rs.3.00 Lakh (with interest subvention) 7.00
Above Sanction Limit of Rs.3.00 Lakh & up to Rs.5.00 Lakh (with interest subvention)
Upto Rs.3.00 lakh 7.00
Above Rs.3.00 lakh & Upto Rs.5.00 lakh 10.00
Above Sanction Limit of Rs.5.00 Lakh (with interest subvention)
Upto Rs.3.00 lakh 7.00
Above Rs.3.00 lakh & Upto Rs.5.00 lakh 10.00
Above Rs.5.00 lakh 13.00
SHGs under Non-NRLM (Administered by MEPMA)
Upto Sanction Limit of Rs.3.00 lakh 9.50
Above Sanction Limit of Rs.3.00 lakh
Upto Rs.3.00 lakh 9.50
Above Rs.3.00 lakh 13.00
Clean loans/TOD/COD 14.25
Solar Home Lighting 12.75
Loans against NSC,KVP,LIC 11.25
Invoked Bank Guarantees 18.00
Loans Against Consumer Durables 18.00
Returned bills from the date of discount/purchase till date of closure 18.00

OVERDUE / PENAL RATES OF INTEREST & Ad-hoc Limits

A. Overdue Interest Rate Over the Applicable Normal Rate (%)
i) Aggregate credit sanction limit exceeding Rs.5000/- in the case of Non-priority sector advances and credit sanction limit exceeding Rs.25000/- in the case of priority sector advances 2.00
B. Penal Interest over the Applicable Normal Interest Rate
i) For Non-submission/delayed submission of monthly stock statements to be charged for delayed period. 1.00
ii) For Non-Submission of renewal proposal / Additional Information / Requirements on the renewal proposal for the delayed period and other cases:
a.    Outstanding exceeds limit/Drawing Power in the accounts including unpaid interest for a period exceeding seven days from the date of closure of the quarter. 2.00
b.    Working Capital limits which are overdue for renewal even if the limits are reviewed (from the due date of the limits till date of submission of renewal application with complete information). 2.00
c.    For OCC / SOD limits of Rs.10 Lakhs & above, where submission of Audited Balance Sheet / Financial Statements is required, Penal Interest is to be charged for non-submission of such statements after completion of 6 months from the date of closure of Financial Year. 2.00
iii) Overdue instalments / interest in case of term loans and entire outstanding amount in case of recalled advances. 2.00
iv) Invoked Bank Guarantees and Deferred Payment Guarantees. 2.00
v) Returned bills from the date of purchase/discount till the date of adjustment. 2.00
vi) The total overdue interest / penal interest to be charged on account of any of the above reasons should not exceed. 2.00
vii) Ad-hoc Limits 2.00
C. Pre-closure Penalty
Applicable for all non-agricultural credit facilities (including takeovers from our Bank) & Term Loan for Agri Land Purchase except in case of closure of housing loans & education loans from own funds of the borrower:
Pre-closure charges @ 1% will be levied on residual outstanding loan amount as at the end of the month in which the loan is being closed as per the stipulated loan repayment schedule generated in line with the loan sanction terms.
Note: Pre-closure penalty is not applicable in case of agricultural loans & advances & SOD/OCC limits. Pre-closure charges/penalty is applicable in case of Term Loan for Agri Land Purchase as detailed above.