Sr. No. | Type Of Loan | Period | Limit/Slab | Rate Of Interest |
---|---|---|---|---|
1 | Housing loan (resi. acco) for purchase of flat/construction of house/tenements. | Upto 180 months | Upto rs.10.00 lacs | 11.00% |
Above rs 10.00 - rs 25.00 lacs | 11.50% | |||
Above rs. 25.00 lacs | 12.00% | |||
2 | Salary deduction | 40/60 months, subject to confirmed salary deduction /salary a/c (Govt./ ltd. co ) | Maximum Rs. 2.00 lac. | 14.00% |
3 | Vehicle loans | |||
i ) Commercial - new | maximum 60 months. | 80 % of basic cost of vehicle (inclusive of tax) | 14.00% | |
ii ) Commercial - old | old upto 12 months | 70 % of the valuation | 14.50% | |
old Above 12 - 36 months | 50 % of the valuation | 15.00% | ||
old Above 36 months | 50 % of the Valuation | 16.00% | ||
iii ) Private vehicles (new) | new upto Rs. 25.00 lacs | 85 % of basic cost of vehicle (inclusive of tax) | 12.00% | |
New Above Rs. 25.00 lacs | 80 % of basic cost of vehicle (inclusive of tax) | 13.00% | ||
iv) Private vehicles (old) | old upto 12 months | 70 % of the valuation | 13.50% | |
Upto rs 25.00 lacs | old above 12 -36 months | 50 % of the valuation | 14.00% | |
Old above 36 months | 50 % of the valuation | 14.50% | ||
v) Private vehicles (old) | old upto 12 months | 50 % of the valuation | 13.50% | |
Above Rs 25.00 lacs | old Above 12 -36 months | 50 % of the valuation | 14.00% | |
vi) New two wheelers | upto Rs. 1.00 lac -40 months | 80 % of basic cost of vehicle (inclusive of tax) | 12.00% | |
Above Rs. 1.00 lacs -60 months | 50 % of basic cost of vehicle (inclusive of tax) | 12.50% | ||
4 | Unsecured - term loan | 40 months | 16.00% | |
5 | Unsecured - Overdraft | 12 months | 16.00% | |
6 | Against gold ornaments | |||
a) | Term Loan (Upto Rs.1.00 lac) | 12 months | 75 % of the valuation | 12.00% |
b) | Term loan (Abv Rs.1.00 lacuptoRs 2.00 lakhs) | 12 months | 75 % of the valuation | 13.00% |
c) | Term loan (Abv Rs.2.00 lacupto Rs 10.00 lakhs) | 36 months repayable In equal monthly Instalments along with Interest. | 75 % of the valuation | 13.00% |
d) | Overdraft (Gold)(Upto Rs 10.00 lakhs) | 12 months | 75 % of the Valuation | 13.50% |
7 | Fixed deposits | upto maturity | 1st party 1% extra | |
Fixed deposits | upto maturity | 3rd party 2% extra | ||
8 | NSC / KVP ( Gov. security | upto maturity | 75% of the face value | 12.00% |
9 | LIC Policy | upto maturity | 75% of the Surrender value | 12.00% |
10 | Elect./ Domestic Appl | 40/60 months | 70% of the Quotation | 15.00% |
11 | Educational loans. | maximum 84 months | instalment starts 1 year after completion of course & interest is payable monthly | 12.00% |
12 | Business/General Term loan against land & build, mach., motor launch, furniture & fixtures, fixed assets,etc. (upto rs 25.00 lacs) & house-repairs. | House - Repair 40 - 60 months and Others -84 months. or on basis of repayment capacity of borrower, However not more than 120 months | Upto Rs.5.00 Lacs | 13.00% |
Above Rs 5.00 -Rs 10.00 lacs | 13.25% | |||
Above Rs 10.00 -Rs 20.00 lacs | 13.50% | |||
Above Rs. 20.00 -25.00 lacs | 13.75% | |||
13 | Cash Credit / Overdraft upto Rs. 25.00 lacs | Period 12 Months. | Upto Rs.5.00 Lacs | 13.00% |
Above Rs.5.00 -Rs. 10.00 lacs | 13.25% | |||
Above Rs10.00 -Rs 20.00 lacs | 13.50% | |||
Above Rs. 20.00 -25.00 lacs | 13.75% | |||
14 | Loan to Builders | As Per Project Period | Upto Rs 25.00 lakhs | 15.00% |
Harbour Crest, Mazgaon T.T., Mumbai - 400 010.
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