All interest rates are linked to current BPLR
1. Home Loan – Variable Rate
(both resident and NRI)
| Sanctioned Limits upto Rs. 20 lakhs |
| Period of Loan |
Interest
Rate w.e.f. 01.08.2011
(for accounts availed upto 30.06.2010) |
| Up to 5 years |
11.00
% |
| > 5
years up to 10 years |
11.25
% |
| > 10
years up to 15 years |
11.50
% |
| > 15
years |
11.75
% |
| Sanctioned Limits above Rs. 20 lakhs & upto Rs. 30 lakhs |
| Period of Loan |
Interest
Rate w.e.f. 01.08.2011
(for accounts availed upto 30.06.2010) |
| Up to 5 years |
11.25
% |
| > 5 years up to 10 years |
11.50
% |
| > 10 years up to 15 years |
11.75
% |
| > 15
years |
12.00
% |
| Sanctioned Limits above Rs. 30 lakhs & upto Rs. 2 Crore |
| Period of Loan |
Interest
Rate w.e.f. 01.08.2011
(for accounts availed upto 30.06.2010) |
| Up to 5 years |
11.75
% |
| > 5 years up to 10 years |
12.00
% |
| > 10 years up to 15 years |
12.25
% |
| > 15
years |
12.50
% |
| Sanctioned Limits above Rs. 2 Crore |
| Period of Loan |
Interest
Rate w.e.f. 01.08.2011
(for accounts availed upto 30.06.2010) |
| Period upto 20 years |
15.50
% |
2. Plot Loan
(both resident and NRI)(variable rate)
(Maximum Repayment period : 10 years)
| Category of Loan |
Interest
Rate w.e.f 01.08.2011
(for accounts availed upto 30.06.2010) |
| For sanctioned limits upto Rs. 10 lakhs |
12.00
% |
> For limits above Rs. 10 lakh, the upward revision
in BPLR is passed on
3. IB Home Improve
(variable rate)
(Maximum Loan amount : Rs. 5 lakhs; Maximum Repayment period : 5 years)
Interest
Rate w.e.f 01.08.2011
(for accounts availed upto 30.06.2010) |
12.25
% |
4. Other Variable Rate Personal Segment Loan Products
| Product |
Interest
Rate w.e.f. 01.08.2011
(for accounts availed upto 30.06.2010) |
| IB Consumer Loan |
15.00
% |
| Pension Loan - Repayment below 36 months |
14.50
% |
| Pension Loan - Repayment of 36 months |
15.00
% |
Loan against NSC/KVP/LIC Policy/RBI
Relief Bonds (for individuals) |
14.50
% |
| Overdraft against NSC/KVP/LIC policy/RBI Relief Bonds (for individuals) |
15.00
% |
| IB Rentencash |
16.50
% |
| Ind Mortgage |
17.25
% |
| Van/Bus to Educational Institutions |
16.25
% |
| Loan to LIC Agents |
17.25
% |
| IB Bhavishya Prakash |
14.75
% |
| IB Balavidya |
14.25
% |
5. Home Loan - Fixed Rate
(for residents only)
| Sanctioned
Limits upto Rs. 30 lakhs |
| Period of Loan |
Interest
Rate
(for accounts availed upto 30.06.2010) |
| Up to 5 years |
10.00
% |
| > 5years up to 10 years |
10.25
% |
| > 10
years up to 15 years |
10.50
% |
| > 15
years up to 20 years |
10.75
% |
| Sanctioned
Limits above Rs. 30 lakh and upto Rs. 2 Crore |
| Period of Loan |
Interest
Rate
(for accounts availed upto 30.06.2010) |
| Up
to 5 years |
10.25
% |
| > 5years
up to 10 years |
10.50
% |
| > 10
years up to 15 years |
10.75
% |
| > 15
years up to 20 years |
11.00
% |
> For Loans above Rs. 2 crore, only variable ROI allowed
> Fixed Rate Home Loans shall be subject to reset clause - interest reset at the
end of every 5 years from the date of first disbursement based on the fixed interest rate linked to Base Rate prevailing on the dates of reset
> For NRIs fixed ROI not permissible
>For the accounts due for reset on or after 01/10/2010
fixed ROI as applicable for home loan (Fixed) as
given in Base Rate Products will apply.
6. Interest rates
for other Fixed Rate Personal Segment Loan Products
for existing accounts : (for accounts
availed upto 30.06.2010)
| Sl. No. |
Product |
Rate of Interest |
| 1 |
Reverse Mortgage |
9.50 % |
| 2 |
Salary Loan |
14.50
% |
| 3 |
IB Vehicle Loan
Four Wheelers (New Cars):
Repayment upto 3 years |
10.00 % |
IB Vehicle Loan
Four Wheelers (New Cars):
Repayment above 3 years |
10.25 % |
IB Vehicle Loan
Four Wheelers (Used Cars):
Repayment upto 3 years |
11.00 % |
IB Vehicle Loan
Four Wheelers (Used Cars):
Repayment above 3 years |
11.25 % |
| Nano Car Loan |
10.25 % |
| Two Wheelers |
12.00 % |
| 4 |
Clean Salary Loan to LIC Employees |
14.50 % |
For the accounts due for reset
on or after 01/10/2010 fixed ROI as applicable for
respective products as given in Base
Rate Products will apply.
@ Reverse Mortgage Loan interest Rate shall be subject to reset clause - Interest reset at the end of every 5 years from the date of first disbursement based on the Reverse Mortgage Loan interest rates linked to Base Rate prevailing on the dates of reset.
** Vehicle Loan Fixed Rates shall be subject to reset clause - Intereset at the end of every 2 years from the date of disbursement based on the Vehicle Loan interest rates prevailing on the dates of reset.
7. IBA Educational
Loan Scheme
(floating rate only)
| Sanctioned
limits |
Interest
Rate w.e.f. 13.07.2011
(for accounts availed upto 30.06.2010) |
| Upto
Rs. 7.50 lakhs |
BPLR+TP
minus 1.00%
(14.00%)* |
| Above
Rs. 7.50 lakhs |
BPLR+TP
minus 0.75%
(14.25%)* |
* Concession of 0.50% in applicable rate of
interest will be allowed on fresh Educational
Loans to Girl Students for studies in India
and Abroad with effect from 1st July 2009. This interest
concession will not be applicable to
- Existing female educational loan borrowers
- Educational Loan borrowers who are enjoying finer
rate of interest allowed to select premier educational institutions.
|
