Current Rate of Interest on Loans

INTEREST RATES ON LOAN SCHEMES w.e.f 01.10.2013

S.No ADVANCES SCHEME RATE OF INTEREST
1. HCBL WHEELS (CAR LOANS)
( But in case of compliance of any two of the following criteria the CEO will have the discretion to reduce the rate by 0.50% on BM's and Credit Head recommendation
**Customer 6 months above

** Govt. employee/PSU's

**Salary above `40,000/-

**Priority sector category)
10.25%p.a at monthly rests
2. HOUSING LOAN (a)Fixed Rate Interest:11.50%(p.a at monthly rest)
    (b)Floating rate of interest :(p.a at monthly rest)
    Upto 5 years : 9.90% p.a
    Above 5 Upto 20 years:
    Upto 25 Lacs: 9.90% p.a
    Above 25 Lacs: 10.10% p.a
3. HCBL VIDHYA (Education loan) 12% p.a
4. HCBL Small Water and Road Transport Operators Scheme (loan to transport operators) RTO
New Vehicle:12.50% p.a
Old Vehicle:13.00% p.a
5. HCBL CASH (Personal loan)  
  Salary/income  
  Rs.5,000- Rs.10,000/-5 times of net income (Max.1 lacs) 17% p.a at monthly rest
  Above Rs.10,000/p.m-Max.Rs.5 lacs 16%p.a at monthly rest
6. HCBL SECURITY (Loan against NSC/KVP/LIC/IVP ) 13% p.a at monthly rest
7. HCBL Budget-Loan Against Banks own deposit +1% on deposit rate in case of FDR
+2% on deposit rate in case of overdraft
8. CONSUMER LOAN 13.00%p.a at monthly rests
9. TWO WHEELER LOAN 12.50% p.a
10. LAP 12.50-13%p.a-Term loan
12.50-13.50% p.a -OD
11. HCBL SARAL 12.50%p.a-Term loan
13% p.a -OD
12 HCBL TRADERS & HCBL LAGHU UDHYAMI

A)UPTO 10 LACS
B)UPTO 50 LACS
C)ABOVE 50 LACS
In case of (b) &( c) the rate can be reduced at discretion of C.E.O in special cases
Term Loan OD
12.50% 13%
12.50% 13%
12.00% 13%
13. Old car 14% p.a
14. Loan against Bill purchased 14%p.a
15. Loan against Gold Term Loan: Upto 1 year : 13.00%
From 1 yr to 2 yr : 13.25%
For OD: 14% P.A with monthly rests.
16. Doctor Mitra 12.50%
17. HCBL -Mini Micro Business 14%p.a
18. HCBL-Sahaj Vyapar Karz /Loan 13.50% term & 14% OD
19. ODSL 17%p.a
20. HCBL Nirdhan Utthan Yojana 14.00%p.a