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Loan and Advances
Rate of Interest
Effective From 15-09-2014

CAR LOANEDUCATION LOANHOME LOANDOCTOR'S LOAN

ParticularsRate of Interest
Against Govt.Securities (NSC/KVP/LIC Policy/Relief Bond)11.50%
Gold Loan (Maximum One Year)-up to Rs. 1/- Lacs13.50%
Consumer Durables (Household Goods)12.50%
Self employed/Service Enterprises/Professionals12.50%
Demat Shares(up to Rs.10/-lacs)12.00%
Mortgage Loan / Secured Cash Credit / Overdraft14.00%
Loan / Overdraft to Builders / Contractors againsts Real Estate15.50%
Loan / Overdraft / against own deposit 1% more then Deposit rate.1.00%
Loan / Overdraft / against Third party deposit 2% more then Deposit rate.2.00%

Trade & Industry for Working Capital
Working Capital Advances
 (1) Limit Less than Rs.25/- Lacs13.50%
 (2) Limit Rs 25/- Lacs & Above
     (intrest will be charged at 13.50% and rebate if satisfying following parameters will be given at quarter end)
    (a)Minimum 75% collateral & above 90% utilization
11.50%
     (b)Minimum 75% collateral & less than 90% but up to 80% utilization12.00%
     (c)Minimum 75% collateral & less than 80% but up to 70% utilization12.50%
     (d)Minimum 75% collateral & less than 70% but up to 60% utilization13.00%
     (e)Otherwise13.50%

Bills Discounting under LC of prime bank (up to 90 days) 11.00%
Clean Cash Credit / Overdraft (up to Rs.5/- lacs) 14.50%
Cheque Purchase / Discount / Clean Bills /D.A. Bills Purchase / Discount 14.50%
Co-acceptance / D.A.Bills / Trust Receipt14.50%
OVerdraft against Mortgage (Secured O.D.)14.00%
Hypothecation of Plant and Machinery(Term Loan)12.50%
Mortgage of Office / Factory / Godown(Term Loan)12.50%
Term Loan (other Fixtures) 14.50%
Temporary Loan / Overdraft / Cash Credit (Up to Rs.10/-lacs over and above reqular limit)15.50%
Excess over sanctioned limit15.50%
Drawing against uncleared effect (Clearing)15.50%
AMCO Jan Kalyan term Loan/Limit14.00%

Note :
(1)Interest Rates and processing charges will be effective on all working Capital Limits sanctioned or renewed or disbured after 15.09.2014 for the limits sanctioned before 15.09.2014 and disbured on after 15.09.2014 the borrower shall have to pay additional proposal processing charge to avail of the benifit of new rate of interest. In case of term loans sanctioned and disbursed on or after 15.09.2014, new ROI will be applicable.

Processing Chages : For New and renewal cases, and all adhoc and temporary limits.
for advances up to Rs.5/- lacsRs. 500/-
Above Rs.5/- lacs to Rs.25/- lacsRs. 1000/-
Above Rs.25/- lacs to Rs.100/- lacs0.50% of the Loan
Above Rs.100/- lacs Rs.50,000/- plus 0.20% of additional limit
Sanctioned above Rs.1 crore
Maximum Rs 3/- Lacs
*For Renewals the charges will be 50% of charge prescribed above
*Service Tax on above charges should be removed without fail.
*Take over rebate of 1% on advances being taken over from other banks will be countinued as per circular no.13-2014.15 dated 07-06-2014.