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* Highest interest rate available for senior citizen. ** Interest rate on savings account is 5%. *** Locker Services are available on lowest rates. **** Facility for PMSBY, PMJJBY & Atal Pension Yojna is available. ***** Apex Bank's branches are CBS enabled.

TYPES OF LOANS & ADVANCES

 

Under the various schemes of direct financing  to individual borrowers  like loan for purchase/ construction of house, loan for purchases of vehicles, loan for purchase of consumer durables, cash credit limits to traders, loans against pledge of gold/silver ornaments, loan for higher education, personal loan, loan against mortgage of fixed assets, loan for visit, festival loan and loan for treatment are being provided through branches of Apex Bank. Short description is as under :-

Effective rate of Interest on Loans and Advance

Sr. No.

Type of Loan

Interest Rate

1

HOUSE LOAN 9.00%

2

VEHICLE LOAN

10.50%,   10.00% p.a. (Employees*)

3

LOAN AGAINST MORTGAGE OF FIXED ASSETS 

11.00%,10.00% p.a. (Employees*)

4

CASH CREDIT AGAINST COLLATERAL SECURITY 

 

11.00%

5

CONSUMER LOAN

12.00%, 10.00% p.a. (Employees*)

6

PROJECT  LOAN

11.50%

7

PERSONAL LOAN

13.00%,  10.00% p.a. (Employees*)

8

HIGHER EDUCATIONAL LOAN 

11.00%, 10.00% p.a. (Employees*)

9

TRAVEL  LOAN

11.00%, 10.00% p.a. (Employees*)

10

UTSAVA LOAN 

11.00%, 10.00% p.a. (Employees*)

11

MEDICAL TREATMENT LOAN 

11.00%, 10.00% p.a. (Employees*)

12
LOAN AGAINST PLEDGE OF ORNAMENTS  11.50%, 10.00% p.a. (Employees*)

                                                 

                      i.    For more details kindly see Loan >>Non Agriculture loan >>Individual loan.

                      ii.   Central & State Govt. Nigam, Board, Cooperative Institutions & Nationalized Banks.

                      iii.  Other documents as applicable  in loan policy.