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  MULTI STATE SCHEDULED BANK
   

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Monday, 27-Jun-2016  08:19:51 PM
 
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Loan Rate Of Interest - Retail Loans

Revised Rate of Interest w.e.f. 01.06.2016
Interest Rate is linked to PLR (Floating Rate)
Prime Lending Rate (PLR) 13.00%
 

Sr. No

Types of facility

Linkage to PLR

Rate of Interest
(%) p.a.

I

 Surety Loans  

  1. With 50% or more collateral securities upto Rs.5.00 lakh
  1. Without collateral or less than 50% collateral securities

        i)  Upto Rs.3.00 Lakh.

        ii ) Above Rs.3.00 Lakh and upto Rs.5.00 Lakh

     c. Groups loans under Surety Loans with confirmed ECS or SDL 

 

PLR+0.50

 

 

PLR + 1.00

PLR + 1.00

PLR + 0.50

 

13.50

 

 

14.00

14.00

13.50

II

Gold Loans 
a) Gold Loan
b) Gold Loan with Bullet Repayment  option
c) SOD against Gold Ornaments

PLR – 1.00

12.00

III

Secured Overdraft (SOD) & Loans against collateral securities like NSCs/ RBI  Bonds/LIC/KVP  

PLR – 1.00

12.00

IV

Rent Securitization Loan

PLR

13.00

V

Premises Loan
(i.e. Loans & Advances granted to the Lessor of our Branch Premises)

PLR

13.00

VI

Business Loan against mortgage of immovable properties
Priority
Non Priority

 

PLR
PLR+ 0.50

 

13.00
13.50

VII

Housing Loan:

  1. Loans sanctioned upto Rs.50.00 Lakh
  2. Loans sanctioned above Rs. 50.00 Lakh and upto and including            Rs. 70.00 Lakh.

 

PLR-3.25
PLR-2.75

 

 

9.75
10.25

VIII

Repair/Renovation Loan:

  1. New Loans for repairs/renovation of flat/house to Housing Loan accountholders Max. Loan Rs. 10.00 Lakh
  2. New Loans for repairs/renovation of flats/house disbursed on or after 1.6.2016 where Housing Loan is not availed 
  3. New Loans for repair and renovation of Shops/Galas etc.

 

New Housing Loan Rate
+ 2.00

PLR + 0.50

PLR + 0.50 

 

 

 

 

13.50

13.50

 

 
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