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Revised Interest Rate Structure for FRESH Loans & Advances General Public |
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Particulars |
Interest Rates (%) |
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| 1 |
Agriculture/Horticulture Short term Crop Loan (including under KCC) Only |
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a) Upto Rs. 3.00 lac |
7.00 |
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b) Above Rs. 3.00 lac to Rs.5.00 lacs |
10.00 |
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c) Above Rs. 5.00 lacs to Rs. 20.00 lacs |
10.50 |
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d) Above Rs. 20.00 lacs |
11.50 |
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| 2 |
Term Loans for Agriculture/ Horticulture & Allied Activities (including pump sets) |
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a) Up to and inclusive of Rs.2.00 lacs |
9.50 |
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b) Above Rs.2.00 lacs to Rs. 5.00 lacs |
10.00 |
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c) Above Rs. 5.00 lacs to Rs. 20.00 lacs |
10.50 |
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d) Above Rs. 20.00 lacs |
11.00 |
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| 3 |
Tractor Loans (including tillers etc.) |
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a) Loans up to Rs. 2.00 lac |
9.50 |
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b) Above Rs.2.00 lacs to Rs. 5.00 lacs |
10.00 |
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c) Above Rs. 5.00 lacs to Rs. 20.00 lacs |
10.50 |
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| 4 |
Financing Solar Water Pumping Systems |
10.00 |
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| 5 |
General Credit Card( Revised Scheme) |
11.50 |
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| 6 |
Self Help Groups (SHGs) Revolving Fund |
11.50 |
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Self Help Groups (SHGs) under NRLM/ others |
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a) loans upto Rs. 3.00 lacs |
11.50 |
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b ) above Rs.3.00 lacs |
12.50 |
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| 7 |
Trade (Retail & Wholesale) including Giri Finance Scheme |
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a) Up to and inclusive of Rs.10.00 lacs |
11.50 |
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c) Above Rs.10.00 lacs |
11.75 |
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| 8 |
J&K Grameen Bank Easy Finance to Small Businessmen |
11.50 |
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| 9 |
Artisan Credit Card (ACC) |
11.50 |
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| 10 |
J&K Grameen Bank Weaver MUDRA Scheme |
11.50 |
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| 11 |
Loans under Wazwan Scheme |
11.50 |
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| 12 |
Micro & Small Enterprises (Manufacturing) (Rural Artisans, SSI & village Industries) |
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a) Up to and inclusive of Rs.10.00 lacs |
11.25 |
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c) Above Rs.10.00 lacs |
11.50 |
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| 13 |
Loans for Stone Crushers & Brick Kilns |
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a) Up to Rs. 20.00 lacs |
12.75 |
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b) Above Rs. 20.00 lacs to Rs. 50.00 lacs |
12.50 |
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c) Above Rs. 50.00 lacs to Rs. 100.00 lacs |
12.50 |
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| 14 |
Transport Operators |
10.90 |
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| 15 |
2nd Hand Transport Vehicle |
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a) Loans for repayment period up to 4 yrs |
12.50 |
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b) Loans for period exceeding 4 yrs |
13.00 |
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| 16 |
Loans under Machine Finance for infrastructure purposes |
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a) Up to Rs. 10.00 lacs |
11.75 |
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b) Above Rs. 10.00 lacs |
12.75 |
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| 17 |
Other Micro & Small Services Sector |
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a) Up to and inclusive of Rs.10.00 lacs |
11.25 |
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c) Above Rs.10.00 lacs |
11.50 |
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| 18 |
Education loans (primary & higher Education) |
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a) Up to Rs. 5.00 lacs |
10.50 |
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b) Above Rs. 5.00 lacs and up to Rs.10.00 lacs |
11.00 |
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c) Above Rs.10.00 lacs & up to Rs.20.00 lacs |
11.50 |
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(Concession of 0.50% in interest rates under Education Loans for girl students) |
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| 19 |
Housing loans ( Including PMAY) |
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a) Housing Loans qualifying for Priority Sector Classification |
8.75 |
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b) Up to Rs. 50.00 lacs (Non priority) |
9.00 |
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c) Above Rs. 50.00 lacs |
9.15 |
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| 20 |
Car Loans |
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a) For individuals |
9.90 |
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b) For Companies & Firms |
9.90 |
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Winter Wonder Scheme (wef 20.12.2018- 19.01.2019) |
9.25 |
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| 21 |
Car Loans ( 2nd Hand Cars) |
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a) for a period upto 04 years |
12.50 |
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b) for a period exceeding 04 years |
13.00 |
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| 22 |
Personal Loans for public and pensioners |
14.00 |
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| 23 |
Loans for purchase of Consumer Durable Good |
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a) For Salaried Persons (State/ Central Govt.) |
12.50 |
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b) Others |
13.00 |
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| 24 |
Consumption loan for Professional and Businessmen |
15.00 |
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| 25 |
Financing of Two Wheelers to Farmers |
11.50 |
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| 26 |
Two Wheeler Loans |
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a) For period upto 3 years |
10.50 |
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b) For period exceeding 3 years & upto 5 years |
11.00 |
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(Concession of 0.50% in applicable rate for girl students/ working ladies for purchase of scooties only) |
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| 27 |
Festival Advance |
13.35 |
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| 28 |
Mortgage Loans |
11.70 |
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| 29 |
Micro Credit Schemes |
11.25 |
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| 30 |
Mortgage Loan for Trade & Services |
12.00 |
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b) Loan upto Rs. 20.00 lakh |
11.25 |
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c) Loan above Rs.20.00 lakh |
11.50 |
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| 31 |
JKGB Contractors finance scheme |
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a) Up to Rs. 2.00 lacs |
12.00 |
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b) Above Rs. 2.00 lacs to Rs. 20.00 lacs |
12.75 |
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c) Above Rs. 20.00 lacs to Rs. 100.00 lacs |
13.00 |
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| 32 |
Loans underReal Estate/Future Rent Receivable Scheme |
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a) Up to Rs. 15.00 lacs |
13.00 |
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b) Above Rs.15.00 lacs |
13.75 |
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| 33 |
Advances to landlord for construction of premises for Bank use |
14.50 |
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| 36 |
Passenger Buses for Private Educational Institution |
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a) Repayment up to 7 years |
12.40 |
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b) Repayment period exceeding7 years |
13.15 |
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| 37 |
Loan Against NSC/KVP/LIC |
13.00 |
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| 38 |
Loans & Advances (SOD/DL) against Bank's own Deposits |
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a) Loan/Advanceis 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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| 39 |
Clean Overdraft/Temporary Overdraft |
17.00 |
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| 40 |
Adhoc facility over and above sanctioned limits |
2% over and above the rate aplicable on regular working capital limit |