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LOANS AND ADVANCES

Loans and Advances Rates

Retail Loan and Advances (w. e. f. 01/01/2018)*

PRODUCTSMAXIMUM LOAN AMOUNT (in Rs.)INTEREST RATETERM (YEARS)
HOME LOAN30,00,000/-8.40%*20
HOUSING EXTENSION LOAN30,00,000/-10%15
COMMERCIAL PROPERTY LOAN(1) Rs.60,00,000/- for Individual, Proprietorship & Partnership firm. (2) Rs.2,00,00,000/- for LLP/Ltd.Co./ Incorporate Registered Body.10%15
HIGHER EDUCATION LOAN20,00,000/-For India:- 9.90% For Abroad:- 10.90%10 Years after Moratorium (Moratorium period max 5 years)

INTEREST SUBSIDY SCHEME ON EDUCATION LOAN AVAILABLE

SECURITY (MORTGAGE) LOAN / OVERDRAFT30,00,000/-11.25% to 12.25%15 Years for loan & 1 Year for O.D
COMMERCIAL VEHICLE40,00,000/-11.50%7
TWO WHEELER10,00,000/-11%5
CAR LOAN30,00,000/-9.00%*7
USED CAR (NOT MORE THAN 5 YRS. OLD)5,00,000/-11.50%5
WORKING CAPITAL C.C.(1) Rs.60,00,000/-for Individual, Proprietorship & Partnership firm. (2) Rs.2,00,00,000/- for LLP/Ltd.Co./Incorporate Registered Body.11.25% to 12.25%1
OD / LOAN AGAINST NSC/KVP/LIFE POLICY60,00,000/-10.50%Up to Maturity of instrument
CONSUMER DURABLE GOODS1,00,000/-11.95%3
JLG SCHEME5,00,000/-11%1 Year for C.C & 3 to 5 years for term loan
SHG SCHEME1,00,000/-11%1 Year for C.C & 3 to 5 years for term loan
AGRICULTURAL TERM/PROJECT LOANAs per CMA Norms11%15
PERSONAL LOAN INDIVIDUAL SALARIED PEOPLERS. 1,00,00012 % FOR GOVT. EMPLOYEE – CONFIRM EMPLOYEE 14% FOR PUBLIC LTD. CO. -CONFIRM EMPLOYEE FOR MORE THAN 3 YEARSMINIMUM 1 YEARS
MAXIMUM 3 YEARS

* Terms & Condition Apply

DOCTOR MITRA LOAN

PRODUCTSMAXIMUM LOAN AMOUNT (in Rs.)INTEREST RATETERM (YEARS)
FOR INDIVIDUAL, PROPRIETORSHIP AND PARTNERSHIP FIRMRS. 60,00,000CATEGOR Y : A – 10%
CATEGOR Y : B – 11.50%
for more details please visit GSC bank branch
FOR LLP/LTD. CO./INCORPORATE REGISTERED BODYRS. 2,00,00,000CATEGOR Y : A – 10%
CATEGOR Y : B – 11.50%
TERM LOAN, COMMERCIAL VEHICLE LOAN, OVER DRAFT FACILITY AVAILABLE.

 

Prevailing Rates of Interest on Loans & Advances of GSC Bank

Other than Retail Loan (w. e. f. 01/09/2017)*

Sr.Types of Loans & AdvancesInterest Rate
1For the DCCBs
1.1S.T. Agri. Loan
[1] NABARD SAO Refinance0.50% (Margin)
[2] NABARD ASAO Refinance1% (Margin)
[3] SAO from Own Fund9% to 10%
1.2Marketing of Crops
[1] NABARD Refinance0.50% (Margin)
[2] Loan from Own Fund 11%
1.3NABARD P.O.D.F Scheme
NABARD Refinance0.50% Margin)
1.4Non Agri. Cash Credit:
[1] Normal (Monthly Interest)11.50%
[2] For Sugar Finance (Half Yearly Interest )12%
2Non Agri. Cash Credit to UCBs (Monthly Interest)
12%
3Finance/Refinance to DCCB /UCB under investment Credit (Schematic Finance)
(1) NABARD/SIDBI/NHB etc.
– Agri. and Farm Sector0.25% (Margin)
– Non Agri and Non Farm Sector0.40% (Margin)
[2] Refinance from own fund1% (Margin)
4Direct finance to Co-op. Institutions, Company, LLP & Other Institutions
[1] Pledge Cash Credit11.50%
[2] Hypothecation Cash Credit12%
[3] Non Agri Cash Credit11%
[4] Medium / Long Term Loan11%
5Bank Guarantee – commission (Quarterly Basis)
– Ear mark on stock2% + GST
– Against 100% Deposit1% + GST
6Letter of Credit (L.C) (Quarterly Basis)0.50% + GST
7Cheque/Bills Purchase – Exchange Rate0.50% + GST
8Bills (Usance Termly) Re-discounting rate on confirm L.C of other bank12%
– Other bills (Usance Termly) Discounting rate12.50%

 

* Kindly verify any information given here with GSC Bank, as the rates are subject to change.