Interest Rates on Loan with effect of 01.05.2014

S.No Type of Loan Rate of Interest
1 S.T. Agriculture Loan 7.00%
2 Cash Credit Fertilizer 10.00%
3 Cash Credit (Essential Commodities) 10.00%
4 Short Term Consumption Loan  
(i) Non-Agriculturist members of PACS 10.00%(Penal 11.00%)
(ii) Agriculturist members of PACS 11.00%(Penal 12.50%)
5 MT Loans 11.50%
6 Mai Bhago Scheme 7.50%
7 Revolving Cash Credit Limit  
(i) Revolving Cash Credit Limit (NABARD) 12.50%
(ii) Revolving Cash Credit Limit (Own Resources) 12.50%
8 Non Farm Sector  
(i) Upto Rs. 50,000/- 11.50%
(ii) Above Rs. 50,000/- 12.00%
9 Urban Housing 13.00%
10 Rural Housing 13.00%
11 Cold Storage/ Rural Godown 12.00%
12 SGH/SGSY  
(i) Upto Rs. 50,000/- 12.50%
(ii) Above Rs. 50,000/- 12.50%
13 Vehicle Loan  
(i) Upto Rs. 2 lacs 14.00%
(ii) Above Rs. 2 lacs 14.00%
14 Second Hand Car Loan 14.00%
15 CC Limit to Traders 13.00%
16 Two Wheeler Loan 13.00%
17 Loan for the purpose of Consumer Durables(C.D. Loans)/Non C.D. Loans 16.00%
18 Personal Loan 16.00%
19 Loan to Students (Education Loan) 11.00%
20 Coop. Education Loan to the children of Poor farmers, Dalits, SC/BC & Other poor sections 7.25%
21 Loan against NSC/KVP 10.00%
22 OD Limit SB A/c (Staff) 10.00%
23 OD Limit SB A/c (Employee of Cooperative Societies) 13.00%
24 OD Limit SB A/c (Other Deptt., whose salary deposited in this bank) 16.00%
25 CC Limit - Sugar Consortium 11.50%
26 Loan to Mills for cane payment 11.50%
27 Cane Seed loan to individual members of mills 11.50%
28 Loan & CC limit to L & C Societies 13.00%
29 Loan & CC limit to Industrial Societies and Weavers Societies 13.00%
30 Loan / Limit to other Non Credit societies (Other than L & C, Industrial Societies and Weavers Societies) 13.00%
31 Loan to Milk Producers societies 10.25%
32 Dairy Loan to farmers/ Mini Dairy loan Scheme 10.25%
33 Commercial Dairy Loan 10.25%
34 Loan for purchase of Cow 12.00%
35 Loan to landlords of buildings for construction of Branch Offices 13.00%
36 Loan against property 16.00%
37 Loan Scheme for Earnest Money To be decided by financing Bank according to scheme
38 Loan against rental income scheme 13.00%
39 Punjab Farmer Commission's Scheme  
(i) Setting up of Net House 12.00%
(ii) Setting up to Agri. Service Centre 11.25%