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Interest Rates

Home > Interest rates of Advances

 

Interest rates of Advances

 
BPLR has been reduced to 12.00% w.e.f 1st July 2009
 

1. United Housing Loan Scheme:

SPECIAL OFFER FROM 18.12.08 TO 30.06.2009


For the Purpose of construction or outright purchase of new / old house / flat, following interest rate will be applicable.

Upto Rs 5 lac

Above Rs 5 lac to Rs 20 lac

Revised
wef 05.03.2009

Revised
wef 05.03.2009

8.25% Fixed
for 1st 5 years

9.00% Fixed for 1st 5 years

The rate of interest shall be reset after 5 years & the borrower will then have the option for going for a Fixed rate or Floating rate of interest.

Housing loan availed for all other purposes, following interest rates will be applicable

A: Fixed Rate

Repayment Period

Revised wef 01.04.2009

Upto Rs. 20 lac

Above Rs 20 lac to Rs 30 lac

Above Rs. 30 lac

For loans up to 5 years

10.75%

11.75%

12.25%

 Above 5 years & up to 10 years

11.25%

12.25%

12.75%

Above 10 years

NO FIXED RATE

 

Interest Rate is subject to reset at the end of every two years

 

B: Floating Rate

Repayment Period

Revised wef 01.07.2009
(BPLR-12.00%)

Upto Rs. 20 lac

Above Rs 20 lac to Rs 30 lac

Above Rs30 lac

For loans up to 5 years

BPLR-4.00% i.e 8.00%p.a

BPLR-3.00% i.e 9.00%p.a

BPLR-2.50% i.e 9.50%p.a

Above 5 years & up to 10 years

BPLR-3.50% i.e 8.50%p.a

BPLR-2.50% i.e 9.50%p.a

BPLR-2.00% i.e 10.00%p.a

Above 10 years & up to 15 years

BPLR-3.25% i.e 8.75%p.a

BPLR-2.25% i.e 9.75%p.a

BPLR-1.75% i.e 10.25%p.a

Above 15 Yrs & upto 20 Yrs.

BPLR-3.00% i.e 9.00%p.a

BPLR-2.00% i.e 10.00%p.a

BPLR-1.50% i.e 10.50%p.a

Note :

a) Loan for 2nd housing unit, additional 0.50% across the board in all slabs

b) No loan will be extended for purchase of 3rd housing unit.

2 a. United Housing Loan Scheme for Pensioners

Revised w.e.f 01.04.2009

(Interest rate is as per revised rate of United Housing loan scheme. Max repayment period is 10 yrs)

« Back

2 b. Housing Loan scheme under BSUP / IHSDP (Fixed Rate)

Revised w.e.f 01.04.2009

4% p.a fixed on monthly rest

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3. United Consumer Loan Scheme: (Fixed Rate)

                                   

Revised w.e.f 01.04.2009

a) Individual

14.50% p.a.

b) Individual with 50% collateralization

14.00% p.a.

« Back

4. United Car Loan Scheme: (Fixed Rate)

Special offer from 01.03.09 to 30.06.09 : 10.00% for 1st year and thereafter, interest rate will be subject to reset at card rate (prevailing at the time of reset) applicable for original tenure of the loan

         Repayment Period

Revised w.e.f 01.04.2009

New Car

Second Hand (Used) car

a) Upto 3 Yrs.

12.00% p. a.

13.00% p. a.

b) Above 3 Yrs.

12.50% p. a.

13.50% p. a.

 « Back

5. United Demand Loan Scheme: (Floating & Fixed Rates)

United  Demand Loan

Revised w.e.f 01.07.2009

(i) For Loan against LIP(SV)/NSC/KVP/Relief Bond etc. where bank provides loan up to 100% or more of the face value/SV

 

Term Loan

BPLR-1.25% i.e., 10.75% Floating

OD

BPLR –0.25% i.e., 11.75% floating

United  Demand Loan against Bank’s TD

Revised w.e.f 01.04.2009

 

 ii) For  Loans/Overdraft facility against Bank’s own Term Deposit where margin requirement is as per HO Circular No CPPMI/ADV/41/OM-574/2003 dated 04.03.2003

iii) For Loans /Overdraft facility against Third party deposits with our Bank

 

1.50% above the rate of interest on deposit. (no ceiling)


2.50% above the rate of interest on deposit  (no ceiling)

 « Back

6. United Personal Loan Scheme: (Fixed Rate)

Revised w.e.f 01.04.2009

14.25% p.a.

« Back

7. United Personal Loan for Pensioners: (Fixed Rate)

Revised w.e.f 01.04.2009

13.00% p.a.

« Back

8. United Cash Rental Scheme: (Floating Rate)

 

 Revised w.e.f 01.07.2009

Other than Landlord of UBI

BPLR + 0.75%  i.e. 12.75% p.a.

Landlords of UBI

BPLR –0.25%  i.e. 11.75% p.a.

« Back

9. United Mortgage Loan: (Floating Rate)

Type of Loan

 Revised w.e.f 01.07.2009

a) Term Loan

BPLR + 1.25% i.e. 13.25% p.a

b) Overdraft

BPLR + 1.75% i.e. 13.75% p.a

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10. United Trade Credit Scheme (Floating Rate)

Revised w.e.f 01.07.2009

BPLR + 0.75 i.e. 12.75% p. a.

« Back

11a. United Educational Loan Scheme: (Floating Rate)

Quantum of Loan

 Revised w.e.f 01.07.2009

Upto 4.00 lac

BPLR – 1.75% i.e.10.25% p.a.

Above Rs. 4.00 lac

BPLR – 1.00% i.e.11.00% p.a.

  • Concession in Interest rate:- 0.50% interest concession from card rate for Girl Students.
  • 1.00% concession in moratarium period, if interest is serviced during study period.

11b. United Excel Education Loan Scheme: (Floating Rate)

Quantum of Loan

 Revised w.e.f 01.07.2009

Upto 4.00 lac

BPLR – 3.50% i.e.8.50% p.a.

Above Rs. 4.00 lac

BPLR – 3.00% i.e.9.00% p.a.

11c. United Education Loan Scheme for Commercial Pilot: (Floating Rate)

Security

 Revised w.e.f 01.07.2009

Land & Building

BPLR – 0.50% i.e. 11.50% p.a.

Financial Security

BPLR – 1.50% i.e. 10.50% p.a.

« Back

12 United Festival Loan Scheme: (Floating Rate)

Revised w.e.f 01.07.2009

BPLR + 0.50% i.e. 12.50% p.a.

« Back

13. United Tour and Travel Scheme: (Floating Rate)
                          

Revised w.e.f 01.07.2009

BPLR + 0.75% i.e. 12.75% p.a .

« Back

14. United Nari Sanman Yojana: (Floating Rate)
                              

Revised w.e.f 01.07.2009

BPLR + 0.75% i.e. 12.75% p. a.

« Back

 15. United Sikshak Sanman Yojna & USP Scheme      

 

Revised w.e.f 01.04.2009

Personal Loan

 (0.25% less than revised
Card rate of the schemes)

Housing Loan

Consumer Loan

Car Loan

Festival Loan

« Back

16. United Salary Payment (OD) Scheme: (Floating Rate)
                          

Revised w.e.f 01.07.2009

BPLR + 0.25%  i.e. 12.25%  p.a.

17. United Smart Loan Scheme: (Floating Rate)

Revised w.e.f 01.07.2009

BPLR + 0.50% i.e. 12.50% p.a.

« Back

18. United Reverse Mortgage Loan Scheme (Floating Rate)

Revised w.e.f 01.07.2009

BPLR -3.25% i.e. 8.75% p.a.

« Back

19. ADVANCE TO MICRO SMEs & SSIs

FOR  MICRO ENTERPRISES ( Fund Based Exposure ) :-

Slab

With effect from 05.03.2009

With effect from 01.07.2009 #

Limit up to Rs.25000/-

BPLR -3.75% (8.75%)

BPLR -3.75% (8.25%)

Limit overRs.25000/-and uptoRs.50000/-

BPLR -3.25% (9.25%)

BPLR -3.25% (8.75%)

Limit overRs.50000/-and uptoRs.200000/-

BPLR-2.25% (10.25%)

BPLR-2.25%( 9.75%)

Limit overRs.200000/-and uptoRs.500000/-

BPLR-1.25% (11.25%)

BPLR-1.25%(10.75%)

Limit overRs.500000/-and uptoRs.1000000/-

BPLR -0.75%(11.75%)

BPLR -0.75%(11.25%)

Limit overRs.1000000/-
Up to Rs. 10.00 crores

As per Credit Risk Rating  with Minimum – 9.75% and Maximum  13.50%

As per Credit Risk Rating  with Minimum – 9.50% and Maximum  13.25%

#  For limit over Rs. 50000.00 rate of interest applicable is 10% under Special Refinance Scheme of SIDBI w.e.f. 14.01.2009 and is valid up to 31.03.2009. This rate of interest for advances availed up to 31.03.2009 under special refinance scheme of SIDBI will continue up to 31.03.2010 and thereafter rate of interest will be reset.

FOR SMALL & MEDIUM ENTERPRISES (Fund Based Exposure) : -

Slab

With effect from 05.03.2009

With effect from 01.07.2009

Limit up to Rs.25000/-

BPLR -3.25% (9.25%)

BPLR -3.25% (8.75%)

Limit overRs.25000/-and uptoRs.50000/-

BPLR-2.75% (9.75%)

BPLR-2.75% (9.25%)

Limit overRs.50000/-and uptoRs.200000/-

BPLR-1.75% (10.75%)

BPLR-1.75% (10.25%)

Limit overRs.200000/-and uptoRs.500000/-

BPLR-0.75% (11.75%)

BPLR-0.75% (11.25%)

Limit overRs.500000/-and uptoRs.1000000/-

BPLR- 0.25% (12.25%)

BPLR- 0.25% (11.75%)

Limit overRs.1000000/-
Up to Rs.10.00 crores

As per Credit Risk Rating  with Minimum – 10.25%  and Maximum - 14.50%

As per Credit Risk Rating  with Minimum – 10.00%  and Maximum - 14.25%

2. Units rated by accredited Credit rating Agencies like CRISIL, SMERA, D & B, FITCH, ONICRA, CARE , etc.  will be given relaxation in the rate of interest as follows :

i)  Highest rating Reduction of interest by 0.50%
ii) 2nd Highest rating Reduction of interest by 0.25%

3. For Small and Medium Enterprises having limit over  Rs.10.00 lacs and up to Rs. 10.00 crores, the applicable rate of interest as per credit rating is as follows:

Rating

Micro Enterprise

Small & Medium Enterprise

Revised
( 01.04.2009)

Revised
( 01.07.2009)

UBICR0

BPLR-2.75%(9.50)

BPLR-2.25%(9.75)

UBICR1

BPLR-1.75%(10.50)

BPLR-1.25%(10.75)

UBICR2

BPLR-0.50%(11.75)

BPLR-0.00%(12.00)

UBICR3

BPLR+0.50%(12.75)

BPLR+1.00%(13.00)

UBICR4

BPLR+1.00%(13.25)

BPLR+1.50%(13.50)

UBICR5

BPLR+1.00%(13.25)

BPLR+1.50%(13.50)

4  For Small and Medium Enterprises having limit over  Rs.10.00  crores, the applicable rate of interest as per credit rating is as follows:

Rating

Proposed rate

With effect from  01.07.2009

UBICR 0

BPLR – 1.75%  (10.25%)

UBICR 1

BPLR – 1.25%  (10.75%)

UBICR 2

BPLR  + 0.50% (12.50%)

UBICR 3

BPLR + 1.50%  (13.50%)

UBICR 4

BPLR + 2.00%  (14.00%)

UBICR 5

BPLR + 2.00%  (14.00%)

 20. Agriculture (Term Loan / Cash Credit / KCC / Self Help Group (SHG) / NGO / Micro Credit)

Slab

Revised w.e.f 01.07.2009

Limit up to Rs.50000/-

BPLR – 3.50% i.e.8.50%

Limit over Rs.50000/-and uptoRs.200000/-

BPLR – 2% i.e.10.00%

Limit over Rs.200000/-and upto Rs.500000/-

BPLR – 0.75% i.e.11.25%

Limit over Rs.500000/-and upto Rs.1000000/-

BPLR + 0.25% i.e.12.25%

Limit over Rs.1000000/-

As per Credit Risk rating (Min 10.75% Max 14.25%

For Agriculture advance having limit over Rs10lac, the applicable rate of interest as per Credit Risk rating is as follows:

Rating

Revised w.e.f 01.07.2009

UBICR0

BPLR-1.75% (10.25%)

UBICR1

BPLR-1.00% (11.00%)

UBICR2

BPLR+0.00% (12.00%)

UBICR3

BPLR+1.00% (13.00%)

UBICR4

BPLR+1.50% (13.50%)

UBICR5

BPLR+2.00% (14.00%)

21. Other Prisec (including Retail Trade)

Slab

Revised w.e.f 01.07.2009

Limit up to Rs.25,000/-

BPLR – 2.50% i.e. 9.50%

Limit over Rs.25,000/-and upto Rs.50,000/-

BPLR – 2.00% i.e. 10.00%

Limit over Rs.50,000/- and upto Rs.2 lac

BPLR – 1.00% i.e. 11.00%

Limit over Rs.2 lac and upto Rs.5 lac

BPLR – 0.25% i.e. 11.70%

Limit over Rs.5 lac and upto Rs.10 lac

BPLR + 0.25% i.e. 12.25%

Limit over Rs.10 lac

As per Credit Risk Rating subject to Minimum 12.25% & maximum of 16.00%

For Retail Trade and other priority sector advance having limit over Rs10lac, the applicable rate of interest as per Credit Risk rating is as follows:

Rating

Revised w.e.f 01.07.2009

UBICR0

BPLR-0.25% (11.75%)

UBICR1

BPLR+0.25% (12.25%)

UBICR2

BPLR+1.00% (13.00%)

UBICR3

BPLR+1.50% (13.50%)

UBICR4

BPLR+3.00% (15.00%)

UBICR5

BPLR+3.50% (15.50%)

Similarly, the interest rate slabs for schemes for financing SC/ST communities of the society is proposed as follows: -

Name of the scheme

Revised Rate for SC/ST communities

United Awas Yojana
For SC/ST Community

No Change

United Shiksha

 

Yojana for SC/ST Community

 

a)Limit upto Rs.4 lac

BPLR – 1.75% i.e. 10.25%

b)Limit over Rs.4 lac

BPLR – 1.00% i.e. 11.00%

United New Life

 

Yojana for SC/ST community

12.25% p.a.

 

 

United LPG Connection for SC/ST community

BPLR-3.75% (8.25%)

United Land Purchase

 

Scheme for SC/ST community

 

i.   Limit upto

8.50% p.a.

     Rs.50,000/-

 

ii.  Limit over Rs. 50,000/-

10.50% p.a.

 and Upto Rs.2.00 lac

 

 


    
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