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A bank_Where service is a way of life. |
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The NavJeevan Co-op. Bank Ltd. |
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Advances — Interest Rate |
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* Any Branch Banking * No Queue for Senior Citizens * Franking Service * PAN Card Service * Life Insurance by Reliance and General Insurance by Bajaj Allianz * 24x7 ATM Facility |
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Reg. Head Office: Bhawani Saw Mills Compound, Ulhasnagar 421 003. |
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NOTE: In case of Loans & Advances secured by mortgage of Immovable Property either as Primary or Collateral Security where certain deficiencies like unregistered property documents, regularization process is pending, the Sanctioning Authority may charge additional extra Interest @ 0.5% to 1% p.a. on case to case basis. In case of existing Loans & Advances, the same maybe applied as under:
* In case of Term Loans, the same may be continued at the existing level till its maturity.
* In case of Working Capital Limits i.e. CC, OD (other than Large Borrowers upto Rs.50 lacs) the same may be taken up for consideration at the time of renewal.
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Particulars |
Revised Rate of Interest w.e.f. 16th Sept, 2011. |
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1) PLR
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13.50%
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2) Loans & Advances fully secured against Govt. Securities such as NSC, KVP & Surrender Value of LIC Policy etc.
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12.00%
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3) Priority Sector Advances a) Upto Rs.5.00 lacs. b) Above Rs.5.00 lacs.
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13.50% 14.00%
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4) Non Priority Sector Advances
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14.00%
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Personal Loans A) All Personal Loans, Loans given for purchase of consumer items and Loans given for house repairs (though to be classified as Priority Sector) are to be charged at B) All Personal Loans to Salaried people i) Where salary is directly credited to SB account with our Bank/through ECS/Cheque Payment or where mandate for loan deduction from salary at source is accepted by the employer and complied with. ii) Where Salary is credited to A/c with other Bank, loans which can be covered under Section 49 C) Loans for purchase of new Vehicles - Two Wheeler/Four Wheeler D) Loans for purchase of second hand Vehicles – Two Wheelers/Four Wheeler |
15.00%
12.50%
13.50%
12.00%
14.00% |
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6) Educational Loan Loans granted for securing admission to any recognized educational Institutes in India / Abroad, payment of tuition fees directly remitted to the institute, purchase of study book material etc. A) Loans upto Rs.1.50 lacs (existing limit Rs.1.00 lac) B) Loans over Rs.1.50 lacs to Rs.5.00 lacs C) Loans over Rs.5.00 lacs in India & Abroad |
8.00% 10.00% 11.00% |
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7) Housing Loan Loans granted for purchase of ready built / under construction houses, construction of house on land already acquired with adequately stamped and Registered property documents with Clear Title. A) Upto Rs.20.00 lacs repayable in maximum 120 EMIs B) Above Rs.20.00 lacs & upto Rs50.00 lacs repayable in maximum 120 EMIs *180 EMIs *Under the present Loan Policy, maximum repayment period for any Loan in our Bank is 120 EMIs, however as a special case for Housing Loan above Rs.20.00 lacs, we may consider 180 EMIs. |
13.00%
13.00% 13.50% |
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8) Loans given to Professionals like Medical Practitioners, Chartered Accountants, Architect Consultants etc. for purchase of office premises-X-Ray Machines and other equipments, purchase of vehicle.
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12.50%
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9) Large Borrowers from Textile Industries |
13.50%
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10) Loans against discounting of Future Lease Rental Receivables of A) Reputed listed Ltd. Companies/ Corporates / Multinational Cos./Banks, Govt. & Semi Govt. Bodies etc. B) Other Entities |
13.00%
14.00% |
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11) Mortgage Loans A) For Personal & Business purpose B) Loans to Builders, Developers etc. |
14.00% 15.00% |
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12) Large Borrowers A) In case of Advances of Rs.50 lakhs and above B) In case of takeover of large borrowers from other Banks. C) In order to prevent takeover of our advances by other banks. |
13.50%
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