|
INTEREST RATES AT A
GLANCE
|
|
Scheme
|
Rate
of Interest
|
| New
Chitty Loan |
Regular
- 13% (simple)
Defaulter
- 15% (simple)
|
| Chitty
Prize Money Advance |
13%
p.a. up to the 30th day |
| Pass
Book Loan |
Regular
- 12.5% (simple)
Defaulter
- 14.5% (simple) |
NHFS
/ HMS
a) Rs.5 lakhs & below
b) Above Rs.5 lakhs
&
upto 10 lakhs |
9.75% p.a. (yearly diminishing)
10%
p.a (yearly diminishing) ( Max. period 15 years)
[up to the fixation of EMI- 14%(simple)] |
Reliable
Customer Loan
(Up
to Rs.5,00,000) |
10.5%
yearly diminishing (Max. Period 48 months)
(Default Penal Int. 18% p.a.) |
| Customer
/ Vehicle Loan |
Regular
- 13% p.a.(simple)
Defaulter
- 15% (simple)
|
| Trade
Finance |
Regular
- 13.5% p.a.(simple)
Defaulter - 15.5% (simple) |
| Gold
Loan |
Upto and including Rs.5000/- 9.5% per annum(simple)
Above Rs.5000/- and upto & including Rs.25000/- 11.5%(simple)
Above Rs.25000/- 12.5% per annum(simple)
(Minimum Interest Rs.25/- for loans above Rs.5000/-)
(Penal rate of 1%, if interest not remitted in every six months)
|
|
Flexy Trade Loan |
13.5%
(quarterly diminishing) on product basis |
| Special
Car Loan |
11.5%
Monthly diminishing (upto 35 months) 12% Monthly diminishing
(36 to 60 months)
(Default Penal Int. 1.5% per month) |
| Tax
Planning Loan Scheme |
12%
simple, period-72 months |
| Fixed
Deposit Loan |
2%
above the FD interest rate |
Fixed
Deposit
1-year and above but not
exceeding 3 years |
7%
p.a. for FD from Public (7.25% p.a. for Senior Citizens)
8% p.a. for Chitty Prize Money deposits(8% p.a. for Senior
Citizens) .
|
| Short
Term Deposit |
30
days to 45 days 3.75% per annum
46 days to 60 days 4.75% per annum
61 days to 90 days 4.75% per annum
91 days to 180 days 5.50% per annum
181 days to 364 days 6.50% per annum
|
| Sugama
Deposit |
5.5%
on the minimum balance maintained in the
account between 6th and the last day of the any
month.
The interest will be credited twice in an year,
on 30 September and 31 March.
|
| Sugama
Security Account |
As
in Sugama Deposit |
| Chitty
Security Deposit-in-Trust |
8.5%
per annum for Prize Money deposits limited to future liability(For
senior citizens-8.5% per annum)
( For less than1 year -same as Short Term Deposit).
For
chitties under special campaigns(PonnonaChittikal-2008 and
PravasiBandhuChittikal-2008)-8.5% per annum.(For senior citizens-8.5%
per annum)
|
| Sugama
Akshaya Over Draft |
Regular
- 13% (daily diminishing) on product basis
Defaulter - 15% |
