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Revised Interest Rate Structure for FRESH Loans & Advances for General Public |
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Particulars |
Interest Rates(%) w.e.f. 08.07.2020 |
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1 |
Agriculture/Horticulture Short Term Crop Loan (including under KCC for Crops & Animal Husbandry & Fisheries) |
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a) Upto Rs. 3.00 lakh |
7.00 |
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b) Above Rs. 3.00 lakh to Rs.5.00 lakh |
9.00 |
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c) Above Rs. 5.00 lakh to Rs. 20.00 lakh |
9.50 |
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d) Above Rs. 20.00 lakh |
10.00 |
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2 |
Term Loans for Agriculture/ Horticulture & Allied Activities (including Poultry Venture Scheme, Pump sets, Financing Farmers for Purchase of Vehicles & Financing Farm Machinery Equipments & Agri-Marketing Infrastructure) |
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a) Up to and inclusive of Rs.2.00 lakh |
8.30 |
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b) Above Rs.2.00 lakh to Rs. 5.00 lakh |
9.00 |
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c) Above Rs. 5.00 lakh to Rs. 20.00 lakh |
9.50 |
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d) Above Rs. 20.00 lakh |
10.00 |
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3 |
Tractor Loans (including Tillers etc.) |
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a) Loans up to Rs. 2.00 lakh |
8.30 |
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b) Above Rs.2.00 lakh to Rs. 5.00 lakh |
8.80 |
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c) Above Rs. 5.00 lakh to Rs. 20.00 lakh |
9.30 |
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4 |
Financing Solar Water Pumping Systems & Solar Equipment Finance Scheme for Individuals |
10.00 |
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5 |
General Credit Card (Revised Scheme) |
10.20 |
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6 |
Self Help Groups (SHGs) Revolving Fund |
10.75 |
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Self Help Groups (SHGs) under NRLM/ others |
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a) Loans upto Rs. 3.00 lakh |
10.75 |
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b ) Above Rs.3.00 lakh |
11.00 |
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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 lakh |
10.20 |
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b) Above Rs.10.00 lakh and less than Rs. 100.00 lakh |
10.70 |
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c) Rs. 100.00 lakh & above |
10.50 (For CMR 1-7) |
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10.75 (For others) |
8 |
JKGB Easy Finance to Small Businessmen |
10.20 |
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9 |
Artisan Credit Card (ACC) |
10.20 |
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10 |
JKGB Weaver MUDRA Scheme |
10.20 |
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11 |
JKGB Handicraft Artisan MUDRA Scheme |
10.20 |
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12 |
J&K Rural Employment Generation Programme (JKREGP) Scheme |
10.35 |
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13 |
Loans under Wazwan Scheme |
10.20 |
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14 |
Micro & Small Enterprises (Manufacturing)(Rural Artisans, SSI & Village Industries) |
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a) Up to and inclusive of Rs.10.00 lakh |
10.20 |
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b) Above Rs.10.00 lakh to less than Rs.100.00 lakh |
10.50 |
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c)Rs.100.00 lakh & above |
10.40 (For CMR 1-7) |
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10.75 (For others) |
15 |
Other Micro & Small Services Sector |
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a) Up to and inclusive of Rs.10.00 lakh |
10.20 |
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b) Above Rs.10.00 lakh to less than Rs.100.00 lakh |
10.50 |
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c) Rs.100.00 lakh & above |
10.40 (For CMR 1-7) |
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10.75 (For others) |
16 |
Arogya Plus - Scheme for Financing Doctors/ Medical Practitioners |
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a) Upto & inclusive of Rs.20.00 lakh |
9.70 |
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b) Above Rs.20.00 lakh |
10.50 |
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17 |
Purchase of Generator set for Traders/ Businessmen |
10.20 |
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18 |
Loans for Stone Crushers & Brick Kilns |
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a) Up to Rs. 20.00 lakh |
11.50 |
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b) Above Rs. 20.00 lakh to Rs. 50.00 lakh |
11.00 |
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c) Above Rs. 50.00 lakh to Rs. 100.00 lakh |
11.00 |
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19 |
Transport Operators (including Replacement of Old Public Transport under J&K Transport Subsidy Scheme) |
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a) For Exisiting customers |
9.30* |
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b) For Fresh connections |
9.75
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*The ROI of 9.50% 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. |
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20 |
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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21 |
Loans under Machine Finance for Infrastructure Purpose |
9.70
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22 |
Education Loans (Primary & Higher Education) |
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a) Up to Rs. 5.00 lakh |
8.70
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b) Above Rs. 5.00 lakh and up to Rs.10.00 lakh |
9.00 |
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c) Above Rs.10.00 lakh & up to Rs.20.00 lakh |
10.20 |
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(Concession of 0.50% in interest rates under Education Loans for girl students) |
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23 |
Housing Loans (including PMAY) |
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a) Housing Loans qualifying for Priority Sector Classification |
7.20 * / 7.30 |
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b) Up to Rs. 50.00 lakh (Non priority) |
7.40 |
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c) Above Rs. 50.00 lakh |
7.70
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*(* For customers having CIBIL Tu & Personal Score > 750) |
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24 |
Car Loans |
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a) For Individuals |
7.90 |
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b) For Companies & Firms |
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25 |
Car Loans ( 2nd Hand Cars) |
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a) for a period upto 04 years |
11.00 |
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b) for a period exceeding 04 years |
11.50 |
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26 |
Personal Loans |
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a) Public |
12.20 |
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b) Pensioners |
11.50 |
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27 |
Consumption Loan for Professional and Businessmen |
12.50 |
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28 |
Loans for Purchase of Consumer Durable Good |
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a) For Salaried Persons (State/ Central Govt.) |
11.00 |
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b) Others |
11.50 |
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29 |
Financing of Two Wheelers to Farmers |
9.00 |
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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. |
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30 |
Two Wheeler Loans |
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a) For period upto 3 years |
8.70 |
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b) For period exceeding 3 years & upto 5 years |
8.90 |
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(Concession of 0.50% in applicable interest rate for girl students/ working ladies for purchase of scooties only) |
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31 |
Festival Advance |
11.50 |
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32 |
Mortgage Loan |
10.20 |
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33 |
Micro Credit Schemes (including Micro Credit Scheme for Fruit & Vegetable Shop on Rehri) |
9.25 |
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34 |
Mortgage Loan for Trade & Services |
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a) Loan upto Rs. 20.00 lakh |
9.20 |
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b) Loan above Rs.20.00 lakh and less than 100.00 lakh |
10.20 |
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c) 100.00 Lakh and above |
10.30 (For CMR 1-7) |
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10.60 (For others) |
35 |
JKGB Contractors Finance Scheme |
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a) Up to Rs. 2.00 lakh |
10.20 |
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b) Above Rs. 2.00 lakh to Rs. 20.00 lakh |
10.70 |
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c) Above Rs. 20.00 lakh to Rs. 100.00 lakh |
11.00 |
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36 |
Loans under Real Estate/Future Rent Receivable Scheme |
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a) Up to Rs. 15.00 lakh |
9.50 |
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b) Above Rs.15.00 lakh |
10.00 |
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37 |
Advances to Landlord for Construction of Premises for Bank use |
12.60 |
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38 |
Passenger Buses for Private Educational Institution |
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a) Repayment up to 7 years |
9.80
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b) Repayment period exceeding 7 years |
10.80 |
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39 |
Loan Against NSC/KVP/LIC |
11.50 |
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40 |
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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41 |
Clean Overdraft/Temporary Overdraft |
17.00 |
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42 |
Adhoc facility over and above sanctioned limits |
2% over and above the rate applicable on regular Working Capital limit |
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