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) |
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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. |
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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. |
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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)
|
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6. United Personal Loan Scheme: (Fixed Rate)
Revised w.e.f 01.04.2009 |
14.25% p.a. |
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7. United Personal Loan for Pensioners: (Fixed Rate)
Revised w.e.f 01.04.2009 |
13.00% p.a. |
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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. |
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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. |
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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. |
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12 United Festival Loan Scheme: (Floating Rate)
Revised w.e.f 01.07.2009 |
BPLR + 0.50% i.e. 12.50% p.a. |
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13. United Tour and Travel Scheme: (Floating Rate)
Revised w.e.f 01.07.2009 |
BPLR + 0.75% i.e. 12.75% p.a . |
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14. United Nari Sanman Yojana: (Floating Rate)
Revised w.e.f 01.07.2009 |
BPLR + 0.75% i.e. 12.75% p. a. |
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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 |
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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. |
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18. United Reverse Mortgage Loan Scheme (Floating Rate)
Revised w.e.f 01.07.2009 |
BPLR -3.25% i.e. 8.75% p.a. |
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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 |
|
|
