Online Banking     
Interest rate  (wef 16/02/2021)
Sr. No Types of Loans / Advances Interest Rate
1 Gold Loan : Up to Rs. 2 Lac (Under Bullet Loan Scheme) 9.00%
2 Personal Loan 13.00%
3 SMC Teacher Co.op. Society 10.75%
4 Term Loan   
  (A) Term Loan for Any purpose 8.50%
  (B) Working Capital Term Loan (Against Second Hand Powerlooms) 10.25%
5

Vehicle Loan (For Personal Use only) 

(1) Two wheeler

(2) Four wheeler

Vehicle Loan (For Commercial Use only)

 

7.50%

7.50%

11.00%

6 Solar Loan (Residential / Industrial purpose up to 90% of Quotation Amount) 9.75%
7 Loan to PROFESSIONAL SELF EMPLOYED
(Doctors,Lawyers,CA, Engineers etc.)
8.75%
8 Over Draft Against Fixed Deposits FDs Rate
  For Individual (Own FD) +1.00%
  For Individual (Third Party) +2.00%
  For Firms (Own FD) +1.00%
  For Firms (Third Party) +2.00%
9 Loan Against Fixed Deposits  
  For Individual (Own FD) +1.00%
  For Individual (Third Party) +2.00%
9 Loan Against NSC/KVP/UTI/RBI BOND   
  NSC/KVP – (Upto 80% of Face Value and Non-Cumulative UTI/RBI BOND 
– Upto 70% of Face Value)
10.50%
  Third Party NSC / KVP (To be considered as a special case) 12.50%
10 Cash Credit  
  (Against Paid Stock & Book and Debts Up to 90 Days) 8.75%
11 Housing Loan (Maximum Period 15Years)   
  Up to 10 Year 8.50%
  From 10 Year to 15 Year 9.00%
12 Loan Against Property Mortgage  
  1) Less than Rs.1.00 Crore 12.50%
  2) Rs. 1.00 Crore and Above 12.50%
13 Loan for Construction / Purchase of Industrial Shed (Part of Project) 12.00%