Interest Rate on Lending

Effective date: 27-November-2023

SL Loan Type/Business Category Lending Rate (Fixed/Floating)*
1 Agriculture and Polli Loan SMART Rate+ Maximum 2.75%
2 Corporate Loan SMART Rate+ Maximum 3.75%
3 Commercial Loan SMART Rate+ Maximum 3.75%
4 SME Loan SMART Rate+ Maximum 3.75%
5 CMSME Loan SMART Rate+ Maximum 3.75%
6 Retail Loan   
  Personal Loan SMART Rate+ Maximum 3.75%
  Auto Loan SMART Rate+ Maximum 3.75%
  Home Loan SMART Rate+ Maximum 3.75%
  Others SMART Rate+ Maximum 3.75%
7 Credit Card 20.00%
8 Packing Credit SMART Rate+ Maximum 2.75%
9 Others Loan  
Stimulus/Special Fund Loan As per related guidelines
Others SMART Rate+ Maximum 3.75%
Note  :
  • *The minimum rate of the loan/advance is the SMART rate+ 0.01% for any particular product.
  • Margin to be considered at business level on the basis of banker customer relationship and quality of security.
  • Repricing period of floating/variable rate loan/advance is six month.
  • Treasury will inform the SMART Rate every month through mail to upload in the system.