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Mean Interest Rate for Loan Product

Interest Rates for Deposits Interest Rate Range of Contracted Loans for the past quarter to Individual Borrowers

Name of Scheme / Product * All interest rates are calculated on reducing balance basis, per annum
Minimum (%) Maximum (%) Mean Rate (%)
Agri Group Loan 22% 22% 22%
Group Loans 21.25% 22% 21.625%
Home Construction/Purchase Loans 10.75% 15.75% 13.25%
Home Improvement Loans 13.75% 15.75% 14.75%
Home Equity Loans 15.75% 17.75% 16.75%
Individual Loans (other than IBZL) 23.25% 23.25% 23.25%
Individual Bazaar Loans (IBZL) 24.00% 24.00% 24.00%
Kisan Suvidha Loan 23.25% 23.25% 23.25%
Loan Against Property - SENP - SEP 17.00% 19.00% 18.00%
Personal Loans 15.6% 20% 18.39%
Secured Enterprise Loan 14.00% 17.00% 15.50%
Two-Wheeler Loan * 20.25% 21.25% 20.57%
Unsecured Business Loans 24.00% 24.00% 24.00%
Unsecured Enterprise Loan 21.00% 23.00% 22.00%

* All interest rates are calculated on reducing balance basis, per annum.

Note * : Two Wheeler Loan is a pilot and not available across all branches.