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Interest Rate Structure for FRESH/EXISTING Loans & Advances for General Public |
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|
| SNo. |
Activity |
Revised Interest Rate
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| |
|
|
| 1 |
Agriculture/Horticulture Short Term Crop Loan (including under KCC for Crops) |
|
| |
a) Upto Rs. 3.00 lakh |
7.00 |
| |
b) Above Rs. 3.00 lakh to Rs.5.00 lakh |
10.45 |
| |
c) Above Rs. 5.00 lakh to Rs. 20.00 lakh |
10.95 |
| |
d) Above Rs. 20.00 lakh |
11.35 |
| |
|
|
| 2 |
Agriculture including allied activities Short Term Loan (under KCC for Animal Husbandry & Fisheries) |
|
| |
a) Upto Rs. 2.00 lakh |
7.00 |
| |
b) Above Rs. 2.00 lakh to Rs.5.00 lakh |
10.45 |
| |
c) Above Rs. 5.00 lakh to Rs. 20.00 lakh |
10.95 |
| |
d) Above Rs. 20.00 lakh |
11.35 |
| |
|
|
| 3 |
Term Loans for Agriculture/ Horticulture & Allied Activities
(including Poultry Venture Scheme, Pump sets, Financing to Fishery Sector, ACABC & Agri-Marketing Infrastructure) |
|
| |
a) Up to and inclusive of Rs.2.00 lakh |
9.95 |
| |
b) Above Rs.2.00 lakh to Rs. 5.00 lakh |
10.45 |
| |
c) Above Rs. 5.00 lakh to Rs. 20.00 lakh |
10.95 |
| |
d) Above Rs. 20.00 lakh |
11.35 |
| |
|
|
| 4 |
Farm Mechanization Scheme |
|
| |
a) Loans up to Rs. 2.00 lakh |
9.95 |
| |
b) Above Rs.2.00 lakh to Rs. 5.00 lakh |
10.35 |
| |
c) Above Rs. 5.00 lakh to Rs. 20.00 lakh |
10.75 |
| |
|
|
| 5 |
Financing Solar Water Pumping Systems & Solar Equipment Finance Scheme for Individuals |
12.20 |
| |
|
|
| 6 |
General Credit Card (Revised Scheme) |
12.25 |
| |
|
|
| 7 |
Self Help Groups (SHGs) |
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| |
Self Help Groups (SHGs) (Direct/Sponsored)* |
|
| |
a) Loans upto Rs. 3.00 lakh |
11.85 |
| |
b) Above Rs.3.00 lakh |
11.95 |
| *Scheme specific ROI as approved by NABARD/GOI shall prevail. At present ROI for WSHGs under NRLM Scheme up to Rs.5.00 lakh is 7.00% till 31.03.2025 |
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|
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| 8 |
Trade (Retail & Wholesale) including Giri Finance Scheme |
|
| |
a) Up to and inclusive of Rs.10.00 lakh |
13.10 |
| |
b) Above Rs.10.00 lakh to less than Rs. 30.00 lakh |
12.50* |
| |
|
12.80(Others) |
| |
c) Rs.30.00 lakh to less than Rs. 100.00 lakh |
12.20* |
| |
|
12.70 (For Others) |
| |
d) Rs. 100.00 lakh & above |
11.95 (For CMR 1-7 and/or CRIF Perform Commercial Score>=654) |
|
|
12.30 (For others) |
| (* For CIBIL MSME Rank 1-7 and/ or CRIF Perform Commercial Score >=654 OR for customers having CIBIL Tu Score >= 725 and/or CRIF Perform Consumer Score >= 631 ) |
| |
|
|
| 9 |
JKGB Easy Finance to Small Businessmen |
12.90 |
| |
|
|
| 10 |
Artisan Credit Card (ACC)/ JKGB Weaver MUDRA Scheme/ JKGB Handicraft Artisan MUDRA Scheme/ Loans under Wazwan Scheme/ Credit Card Scheme for Weavers & Artisans |
12.45 |
| |
|
|
| 11 |
J&K Rural Employment Generation Programme (JKREGP) Scheme |
11.95 |
| |
|
|
| 12 |
Micro & Small Enterprises (Manufacturing)(Rural Artisans, SSI & Village Industries) |
|
| |
a) Up to and inclusive of Rs.10.00 lakh |
13.10 |
| |
b) Above Rs.10.00 lakh to less than Rs.30.00 lakh |
12.50* |
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|
12.80(Others) |
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c) Rs.30.00 lakh to less than Rs.100.00 lakh |
12.20 |
| |
|
12.70 (For others) |
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d) Rs.100.00 lakh & above |
11.95 (For CMR 1-7 and/or CRIF Perform Commercial Score>=654) |
| |
|
12.30 (For Others) |
| (* For CIBIL MSME Rank 1-7 and/ or CRIF Perform Commercial Score >=654 OR for customers having CIBIL Tu Score >= 725 and/or CRIF Perform Consumer Score >= 631 ) |
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|
|
| 13 |
Other Micro & Small Services Sector |
|
| |
a) Up to and inclusive of Rs.10.00 lakh |
13.10 |
| |
b) Above Rs.10.00 lakh to less than Rs.30.00 lakh |
12.50* |
| |
|
12.80 (For Others) |
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c) Rs.30.00 lakh to less than Rs.100.00 lakh |
12.20* |
| |
|
12.70 (For Others) |
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d) Rs.100.00 lakh & above |
11.95 (For CMR 1-7 and/or CRIF Perform Commercial Score>=654) |
| |
|
12.30 (For Others) |
| (* For CIBIL MSME Rank 1-7 and/ or CRIF Perform Commercial Score >=654 OR for customers having CIBIL Tu Score >= 725 and/or CRIF Perform Consumer Score >= 631 ) |
| |
|
|
| 14 |
Arogya Plus - Scheme for Financing Doctors/ Medical Practitioners |
|
| |
a) Upto & inclusive of Rs.20.00 lakh |
11.70 |
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b) Above Rs.20.00 lakh |
11.75 |
| |
|
|
| 15 |
Purchase of Generator set for Traders/ Businessmen |
12.20 |
| |
|
|
| 16 |
Loans for Stone Crushers & Brick Kilns |
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| |
a) Up to Rs. 20.00 lakh |
13.20 |
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b) Above Rs. 20.00 lakh to Rs. 50.00 lakh |
| |
c) Above Rs. 50.00 lakh to Rs. 100.00 lakh |
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|
|
| 17 |
A) Commercial Vehicle Finance Scheme |
|
| |
Fixed Interest Rate |
10.70 |
| |
Floating Interest Rate |
11.70 |
|
B) Transport Operators (including Replacement of Old Public Transport under J&K Transport Subsidy Scheme & E-Rickshaw Scheme) |
|
| |
a) For Exisiting customers |
10.70* |
| |
b) For Fresh connections |
11.70 |
| |
c) under Mumkin Scheme |
11.70 |
| *The ROI of 10.70% p.a in Commercial Vehicle Finance scheme is applicable to the existing customers having minimum three years of past-proven track record in the Transport activity with our Bank only. |
| |
| 18 |
2nd Hand Transport Vehicle |
|
| |
a) Loans for repayment period up to 4 yrs |
13.95 |
| |
b) Loans for period exceeding 4 yrs |
14.45 |
| |
|
|
| 19 |
Loans under Equipment Finance Scheme (Erstwhile Machine Finance for Infrastructure Purpose) |
|
| |
Fixed Interest Rate |
10.70 |
| |
Floating Interest Rate |
11.70 |
| |
|
|
| 20 |
Education Loans (Primary & Higher Education) |
|
| |
a) Up to Rs. 5.00 lakh |
10.95 |
| |
b) Above Rs. 5.00 lakh and up to Rs.10.00 lakh |
11.20 |
| |
c) Above Rs.10.00 lakh & up to Rs.20.00 lakh |
11.70 |
| |
d) Above Rs20.00 lakhs |
12.20 |
| (Concession o 0.25% in applicable interest rate for girl students) |
| (Concession of 0.25% in applicable interest rate for meritorious students (except girl students) having scored more than 85% in the last exam qualified(12th or Graduation/ Post Graduation) |
| |
|
|
| 21 |
Housing Loans |
|
| |
a) Housing Loans qualifying for Priority Sector Classification |
8.75**
8.95*
9.10 |
| |
b) Up to Rs. 50.00 lakh (Non priority) |
9.00**
9.20*
9.30 |
| |
c) Above Rs. 50.00 lakh to Rs. 75.00 Lakh |
9.15**
9.35*
9.45 |
| |
d) Above Rs. 75 Lakh |
9.40** |
| |
|
9.65 |
| |
e) Top Up loan |
11.50 |
| (** For customers having CIBIL Tu & Personal Score > 800 and/or CRIF Perform Consumer Score > 706) |
| (* For customers having CIBIL Tu & Personal Score > 750 and/or CRIF Perform Consumer Score > 651) |
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|
|
| 22 |
Car Loans |
|
| i) |
Fixed Rate |
|
| |
a) For Individuals |
9.90 |
| |
b) For Companies & Firms |
9.90 |
| ii) |
Floating Rate |
|
| |
a) For Individuals |
10.15 |
| |
b) For Companies & Firms |
10.15 |
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|
|
| 23 |
Car Loans ( 2nd Hand Cars) |
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| |
a) for a period upto 04 years |
13.20 |
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b) for a period exceeding 04 years |
14.20 |
| |
|
|
| 24 |
Financing Farmers for purchase of Vehicles |
|
| (i) |
For brand new vehicle |
|
| |
a) Upto Rs3.00 Lakh |
9.60 (FIXED) 10.10(FLOATING) |
| |
b) Above Rs 3.00Lakh & upto Rs 5.00 Lakh |
| |
c) Above Rs 5.00Lakh & upto Rs10.00 Lakh |
| |
|
|
| (ii) |
For 2nd hand vehicle |
|
| |
a) for period upto 04 years |
13.10 |
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b) for period exceeding 04 years |
13.60 |
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|
|
| 25 |
Personal Loans |
|
| |
a) Public |
14.25 |
| |
b) Pensioners |
13.00 |
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|
|
| 26 |
Consumption Loan for Professional and Businessmen |
14.50 |
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|
|
| 27 |
Loans for Purchase of Consumer Durable Goods |
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| |
a) For Salaried Persons (State/ Central Govt.) |
12.70 |
| |
b) Others |
13.30 |
| |
|
|
| 28 |
Financing of Two Wheelers to Farmers |
10.90 |
Concession of 0.25% in interest rate will be allowed, if atleast 50% of the loan amount is secured by Bank’s own deposit/ NSC/ KVP/ Surrender Value of Life Insurance Policy.
|
| |
|
|
| 29 |
Two Wheeler Loans |
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a) For period upto 3 years |
11.50 |
| |
b) For period exceeding 3 years & upto 5 years |
11.60 |
| (Concession of 0.50% in applicable interest rate for girl students/ working ladies for purchase of scooties only) |
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|
|
| 30 |
Festival Advance |
12.80 |
| |
|
|
| 31 |
Mortgage Loans |
11.90 |
| |
|
|
| 32 |
Micro Credit Schemes (including Micro Credit Scheme for Fruit & Vegetable Shop on Rehri) |
10.60 |
| |
|
|
| 33 |
Mortgage Loan for Trade & Services (SUGAM Scheme) |
|
| |
a) Loan upto Rs. 20.00 lakh |
10.95 |
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b) Loan above Rs.20.00 lakh to less than 100.00 lakh |
10.95 |
| |
c) 100.00 Lakh and above |
10.95(For CMR 1-7 and/or CRIF Perform Commercial Score>=654) |
| |
|
11.40 (For Others) |
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|
|
| 34 |
JKGB Contractors Finance Scheme |
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| |
a) Up to Rs. 2.00 lakh |
12.20 |
| |
b) Above Rs. 2.00 lakh to Rs. 20.00 lakh |
12.45 |
| |
c) Above Rs. 20.00 lakh to Rs. 100.00 lakh |
11.95*
12.30 |
| (* For customers having CIBIL Tu & Personal Score ≥725 and/or CRIF Perform Consumer Score≥631) |
| |
|
|
| 35 |
Loans under Real Estate/Future Rent Receivable Scheme |
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| |
a) Up to Rs. 15.00 lakh |
12.05 |
| |
b) Above Rs.15.00 lakh |
12.35 |
| |
|
|
| 36 |
Advances to Landlord for Construction of Premises for Bank use |
13.85 |
| |
|
|
| 37 |
Passenger Buses for Private Educational Institution |
|
| |
a) Repayment up to 7 years |
10.95
|
| |
b) Repayment period exceeding 7 years |
11.50 |
| |
|
|
| 38 |
Loan Against NSC/KVP/LIC |
13.45 |
| |
|
|
| 39 |
Loans & Advances (SOD/DL) against Bank's Own Deposits |
|
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a) Loan/Advance is granted against Term deposits and the deposits stand in the name of the borrower singly or jointly or in the name of the concern and the advance is granted to the said concern or in the partners of the partnership concern and the advance is granted to the said concern or in the name of a ward whose guardian is competent to borrow on behalf of the ward and where the advance is made to the guardian of the ward in such capacity. |
1.50% over deposit rate |
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b) Loan Advance is granted against bank's own deposits in the name of 3rd party/parties. |
2% above the deposit rate |
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|
|
| 40 |
Clean Overdraft/Temporary Overdraft |
17.50 |
| |
|
|
| 41 |
PMFME Scheme |
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| |
a) upto Rs 10 Lakh |
9.00 |
| |
b) above Rs 10 lakh & upto Rs 20 lakh |
9.00 |
| |
c) Above Rs 20 Lakh & upto Rs 200 lakh |
9.00 |
| |
d) Above Rs 200 lakh |
11.85 |
| |
|
|
| 42 |
Adhoc facility over and above sanctioned limits |
2.50% over and above the rate applicable on regular working capital limit |
| |
|
|
| 43 |
OD under PMJDY |
9.65 |
| 44 |
Guaranteed EmergencyCredit Line |
9.25 |