Azadi ka Amrit Mahatsav

Rate of Interest Retail Loans

Rate of Interest Retail Loans

MAHA SUPER HOUSING LOAN SCHEME

1) Housing Loan Scheme

Loan Amount

CIBIL score

Salaried

Non Salaried

ROI

Effective ROI (%)

ROI

Effective ROI (%)

Up to Rs 30 Lacs

800 & above

RLLR - 0.40

7.30

RLLR - 0.15

7.55

750 to 799

RLLR - 0.30

7.40

RLLR - 0.05

7.65

700 to 749

RLLR

7.70

RLLR + 0.05

7.75

650 to 699

RLLR + 0.30

8.00

RLLR + 0.40

8.10

600 to 649

RLLR + 0.35

8.05

RLLR + 0.65

8.35

Below 600

RLLR + 0.80

8.50

RLLR + 1.15

8.85

-1 to 05

RLLR + 0.20

7.90

RLLR + 0.45

8.15

Above Rs 30  Lacs

800 & above

RLLR - 0.40

7.30

RLLR - 0.15

7.55

750 to 799

RLLR - 0.30

7.40

RLLR - 0.05

7.65

700 to 749

RLLR

7.70

RLLR + 0.15

7.85

650 to 699

RLLR + 0.35

8.05

RLLR + 0.50

8.20

600 to 649

RLLR + 0.40

8.10

RLLR + 0.80

8.50

Below 600

RLLR + 1.00

8.70

RLLR + 1.50

9.20

-1 to 05

RLLR + 0.35

8.05

RLLR + 0.80

8.50

For loan above Rs 30.00 Lakh additional 15 bps in applicable ROI shall be applicable , if LTV is >80 to <=90
For Housing Loan under commercial real estate (3rd and subsequent units) applicable rate shall be above rates. (Upto 100 Lacs 1.00% and above 100 Lacs 1.25%)

Concession of 0.05%  to women & armed forces personnel subject to minimum floor ceiling of RLLR

The Rate of interest concession (including concession for women borrower) will be applicable to borrower having CIBIL score 700 and below subject to minimum floor ceiling of RLLR.
No interest rate concession will be allowed to borrower category of CIBIL score above 700.

2.) Housing Loan Repair & Renovation & Top up Loan Repair and Renovation

Loan Amount

CIBIL score

Salaried

Non Salaried

ROI

Effective ROI (%)

ROI

Effective ROI (%)

Up to Rs 30 Lacs

750 & above

RLLR + 0.50

8.20

RLLR + 0.75

8.45

700 to 749

RLLR + 0.50

8.20

RLLR + 0.85

8.55

650 to 699

RLLR + 0.75

8.45

RLLR + 1.00

8.70

600 to 649

RLLR + 0.85

8.55

RLLR + 1.10

8.80

Below 600

RLLR + 1.25

8.95

RLLR + 1.50

9.20

-1 to 05

RLLR + 0.75

8.45

RLLR + 1.00

8.70

Above Rs 30  Lacs & Upto Rs 75.00 Lacs

750 & above

RLLR + 0.50

8.20

RLLR + 0.85

8.55

700 to 749

RLLR + 0.50

8.20

RLLR + 0.90

8.60

650 to 699

RLLR + 0.75

8.45

RLLR + 1.10

8.80

600 to 649

RLLR + 0.85

8.55

RLLR + 1.15

8.85

Below 600

RLLR + 1.25

8.95

RLLR + 1.50

9.20

-1 to 05

RLLR + 0.75

8.45

RLLR + 1.10

8.80

Above Rs 75 Lacs

750 & above

RLLR + 0.75

8.45

RLLR + 0.95

8.65

700 to 749

RLLR + 0.75

8.45

RLLR + 1.00

8.70

650 to 699

RLLR + 0.85

8.55

RLLR + 1.20

8.90

600 to 649

RLLR + 1.00

8.70

RLLR + 1.25

8.95

Below 600

RLLR + 1.50

9.20

RLLR + 1.75

9.45

-1 to 05

RLLR + 0.85

8.55

RLLR + 1.25

8.95

3.) Top up Loan other Purpose

As per deduction norms

ROI

Effective ROI

Up to 60

RLLR + 1.15

8.85

Above 60

RLLR + 1.40

9.10

4.) Maha Super Car Loan Scheme

Particulars

CIBIL score

Salaried

Non- Salaried

ROI

ER

 ROI

ER

New 4 Wheeler

800 and above

RLLR

7.70

RLLR

7.70

750 to 799

RLLR + 0.25

7.95

RLLR + 0.50

8.20

700 to 749

RLLR + 0.50

8.20

RLLR + 0.75

8.45

650 to 699

RLLR + 1.45

9.15

RLLR + 1.60

9.30

600 to 649

RLLR + 1.75

9.45

RLLR + 2.00

9.70

Below 600      

RLLR + 2.50

10.20

RLLR + 3.50

11.20

-1 or 0 and 01 to 05

RLLR + 0.90

8.60

RLLR + 2.00

9.70

For Partnership Firms / Companies

RLLR + 1.40

9.10

• 0.25 % Concession in ROI for Corporate salary account Holder ,Existing Housing Loan borrower  ,MSME borrower & proffesional / self employed borrower having 1 year satisfactory relationship.

• Concession of 0.05%  to women & armed forces personnel subject to minimum floor ceiling of RLLR

The existing Rate of interest concession in Car Loan Scheme will be applicable to borrower having CIBIL score below 800 subject to minimum floor ceiling of RLLR.
No further interest rate concession will be allowed to borrower category of CIBIL score 800 and above.

5. Vehicle Loan Scheme

CIBIL score

ROI

ER

2nd Hand Car Loan
2 Wheeler Loan

750 and above

RLLR + 3.15

10.85

700 to 749

RLLR + 3.50

11.20

650 to 699

RLLR + 4.00

11.70

600 to 649

RLLR + 5.00

12.70

Below 600      

RLLR + 6.00

13.70

-1 or 0 and 01 to 05

RLLR + 4.00

11.70

6. Mahabank Personal Loan

CIBIL Score

ROI

ER

750 and above

RLLR + 2.65

10.35

700 to  749

RLLR + 3.50

11.20

650 to 699

RLLR + 4.50

12.20

600 to  649

RLLR + 6.00

13.70

-1 or 0 and 01 to 05

RLLR + 5.00

12.70

7. Loan against self-occupied Property

CIBIL SCORE

ROI

ER

750 and above

RLLR + 1.65

9.35

700 to 749

RLLR +  2.00

9.70

650 to 699

RLLR +  2.15

9.85

600 to 649

RLLR +  2.40

10.10

Below 600

RLLR +  2.65

10.35

-1 or 0 and 01 to 05

RLLR +  2.15

9.85

8. Other Retail Loans

Particulars

Classification

ROI

ER

Education Loan

Up to Rs 7.50 Lacs

RLLR + 2.00

9.70

Above Rs 7.50 Lacs

RLLR + 1.65

9.35

Maha Scholar Education Loan Scheme

List A

RLLR + 0.15

7.85

List B (Up to 7.5 Lacs)

RLLR + 0.90

8.60

List B (above 7.5 Lacs)

RLLR + 0.65

8.35

List C (Up to 7.5 Lacs)

RLLR + 1.15

8.85

List C(above 7.5 Lacs)

RLLR + 0.90

8.60

Skill Loan

Up to Rs. 1.50 Lacs

RLLR + 1.50

9.20

Consumer Loan

 -

RLLR + 3.90

11.60

Gold Loan Retail

 -

RLLR

7.70

Aadhar Loan

For Defence and BOM Retired staff pensioners

RLLR + 1.20

8.90

For Others

RLLR + 1.70

9.40

Salary Gain scheme

 -

RLLR + 3.15

10.85

Reverse Mortgage Loan Scheme

Up to Rs. 100.00 Lacs

RLLR + 1.15

8.85

Solar water heating

 -

RLLR + 4.15

11.85

Loan against Paper Security

 -

RLLR + 2.15

9.85

Lease Rental Discounting

RLLR + 1.15

8.85