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* NEFT and RTGS Services are free for Bank Customer. ** Highest Interest rate available for senior citizen.*** 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 up to Rs. 2.00 lacs - 09.50%

above Rs. 2.00 lacs  – 9.80%

2

VEHICLE LOAN

12.0%,   10.5% p.a. (Employees*)

3

LOAN AGAINST MORTGAGE OF FIXED ASSETS :

11.75%,10.5% ( Employees*)

4

CASH CREDIT AGAINST COLLATERAL SECURITY 

12.50% up to Rs.2.00 lacs &

13.00%  above Rs.2.00 lacs

5

CONSUMER LOAN

12.00%, 10.50%* p.a. (employees*)

6

PROJECT  LOAN

12.50%

7

PERSONAL LOAN

13.00%  

8

HIGHER EDUCATIONAL LOAN :

12.00%, 10.50%  (for employees*)

9

TRAVEL  LOAN:

12.50%, 10.5% ( employees*)

10

UTSAVA LOAN :

12.50%, 10.5% ( employees*)

11

MEDICAL TREATMENT LOAN :

12.50%, 10.5% ( employees*)

12
LOAN AGAINST PLEDGE OF ORNAMENTS  12.00%  SC/ST/SF, 10.50% (employees*),
12.50% For others

                                                 

                      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.