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LOANS AND ADVANCES

Loans and Advances Rates

Retail Loan and Advances (w. e. f. 01/09/2017)*

PRODUCTS MAXIMUM LOAN AMOUNT (in Rs.) INTEREST RATE TERM (YEARS)
HOME LOAN 30,00,000/- 8.90% 20
HOUSING EXTENSION LOAN 30,00,000/- 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 LOAN 20,00,000/- For India:- 9.90% For Abroad:- 10.90% 10 Years after Moratorium (Moratorium period max 5 years)
SECURITY (MORTGAGE) LOAN / OVERDRAFT 30,00,000/- 11.25% to 12.25% 15 Years for loan & 1 Year for O.D
COMMERCIAL VEHICLE 40,00,000/- 11.50% 7
TWO WHEELER 10,00,000/- 11% 5
CAR LOAN 30,00,000/- 9.75% 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 POLICY 60,00,000/- 10.50% Up to Maturity of instrument
CONSUMER DURABLE GOODS 1,00,000/- 11.95% 3
JLG SCHEME 5,00,000/- 11% 1 Year for C.C & 3 to 5 years for term loan
SHG SCHEME 1,00,000/- 11% 1 Year for C.C & 3 to 5 years for term loan
AGRICULTURAL TERM/PROJECT LOAN As per CMA Norms 11% 15

 

Prevailing Rates of Interest on Loans & Advances of GSC Bank

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

Sr. Types of Loans & Advances Interest Rate
1 For the DCCBs
1.1 S.T. Agri. Loan
[1] NABARD SAO Refinance 0.50% (Margin)
[2] NABARD ASAO Refinance 1% (Margin)
[3] SAO from Own Fund 9% to 10%
1.2 Marketing of Crops
[1] NABARD Refinance 0.50% (Margin)
[2] Loan from Own Fund  11%
1.3 NABARD P.O.D.F Scheme
NABARD Refinance 0.50% Margin)
1.4 Non Agri. Cash Credit:
[1] Normal (Monthly Interest) 11.50%
[2] For Sugar Finance (Half Yearly Interest ) 12%
2 Non Agri. Cash Credit to UCBs (Monthly Interest)
12%
3 Finance/Refinance to DCCB /UCB under investment Credit (Schematic Finance)
(1) NABARD/SIDBI/NHB etc.
– Agri. and Farm Sector 0.25% (Margin)
– Non Agri and Non Farm Sector 0.40% (Margin)
[2] Refinance from own fund 1% (Margin)
4 Direct finance to Co-op. Institutions, Company, LLP & Other Institutions
[1] Pledge Cash Credit 11.50%
[2] Hypothecation Cash Credit 12%
[3] Non Agri Cash Credit 11%
[4] Medium / Long Term Loan 11%
5 Bank Guarantee – commission (Quarterly Basis)
– Ear mark on stock 2% + GST
– Against 100% Deposit 1% + GST
6 Letter of Credit (L.C) (Quarterly Basis) 0.50% + GST
7 Cheque/Bills Purchase – Exchange Rate 0.50% + GST
8 Bills (Usance Termly) Re-discounting rate on confirm L.C of other bank 12%
– Other bills (Usance Termly) Discounting rate 12.50%

 

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