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Last Updated on 16/05/2019
Retail Credit Interest Rates

RETAIL CREDIT SCHEMES INTEREST RATE

One Year MCLR Rate is 8.65 Effective From 10.04.2019  

 

Schemes MCLR Spread Int Rate @ 1 YR MCLR
Housing Loans      
Upto Rs 30.00 lacs 8.65 0.00 8.65
Rs 30.00 to Rs 75.00 lacs 8.65 0.10 8.75
Above Rs 75.00 lacs 8.65 0.25 8.90
Reverse Mortgage 8.65 0.75 9.40
Subhagruha Top-up 8.65 3.50 12.15
Loan against Property      
Upto Rs 1.00 cr 8.65 2.20 10.85
Above Rs 1.00 cr 8.65 2.70 11.35
Home Improvement      
Upto Rs 2.00 lacs 8.65 0.20 8.85
Above Rs 2.00 lacs 8.65 0.35 9.00
Vidya Suraksha 8.65 2.00 10.65
Vidya Jyothi 8.65 3.00 11.65
Skill Loan 8.65 1.50 10.15
Vidya Shrest      
A Rated Institutions 8.65 0.20 8.85
B Rated Institutions 8.65 0.70 9.35
Vocational Courses 8.65 3.00 11.65
Vidyajyoti  - Ward of staff 8.65 1.70 10.35
Pushpaka      
Two - wheeler 8.65 3.00 11.65
Four wheeler:      
New vehicle 8.65 0.50 9.15
Used Vehicle:      
Upto Rs 10.00 lacs 8.65 1.50 10.15
Above Rs 10.00 lacs 8.65 2.50 11.15
Liquirent      
upto 36 months 8.65 2.70 11.35
Above 36 months 8.65 3.20 11.85
Akshay 8.65 3.25 11.90
Sahayika 8.65 3.75 12.40
Home Décor 8.65 2.75 11.40
IOB Surya      
For Individuals 8.65 1.25 9.90
For Institutions 8.65 2.25 10.90
IOB Royal      
Repayment less than 4 years 8.65 4.25 12.90
Repayment above 4 years 8.65 5.00 13.65
IOB Passion 8.65 2.75 11.40
Pensioners loan scheme 8.65 2.75 11.40
Pensioner loan FA 8.65 1.75 10.40
Clean Loan 8.65 5.00 13.65
Personal loan/Spl Personal loan to HNI 8.65 3.25 11.90
IOB Career Dream      
Loan secured by NSC, LIC,KVP etc 8.65 3.25 11.90
Loan wiithout security/against immovable property 8.65 3.75 12.40
IOB Scholar      
Upto Rs 7.50 lacs 8.65 2.00 10.65
Above Rs 7.50 lacs 8.65 3.00 11.65
Staff ward 8.65 1.70 10.35
Jewel loan others      
Upto Rs 3.00 lacs 8.65 1.70 10.35
Above Rs 3.00 lacs 8.65 2.20 10.85