Secured Business Loan
| Loan Amount | EFFECTIVE RATE OF INTEREST* (P.A.) LINKED TO EXTERNAL BENCHMARK RATE** |
|---|---|
| 1.5 Lakhs – 50 Lakhs | 13.5% Onwards |
Rates offered to customer during the period Jan’2025 to Mar’2025
| Type of Interest | Rate |
| Min. Rate of Interest | 13.25% |
| Max. Rate of Interest | 24.00% |
| Mean Interest Rate | 18.69% |
| Annual Percentage Rate (APR) | 18.83% |
Note: *Fixed for 37 months and floating thereafter.
**The external benchmark will be 10 Year Government of India Securities Yield arrived based on 3 months daily average.
| Over Draft Against Property |
|---|
Rates offered to customer during the period Jan’2024 to Mar’2024
| Interest Rates | Range |
|---|---|
| Min. Rate of Interest | 12.50% |
| Max. Rate of Interest | 21.00% |
| Mean Interest Rate | 16.03% |
| Annual Percentage Rate (APR) | 16.07% |
