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* 24x7 NEFT Service available. ** 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 

                                                    W.E.F.  01.09.2020  

Sr. No.

Types of Loan

Interest Rate

1

HOME LOAN

08.00%

2

VEHICLE LOAN

09.00%

3

LOAN AGAINST MORTGAGE OF FIXED ASSETS 

08.00%

4

CASH CREDIT LIMIT AGAINST COLLATERAL SECURITY / CREDIT LIMIT TO TRADERS

10.50%

5

CONSUMER GOODS PURCHASE LOAN

10.00%

6

PROJECT  LOAN

10.25%

7

PERSONAL LOAN

11.00%

8

HIGHER EDUCATION LOAN

10.00%

9

TRAVEL  LOAN

10.00%

10

FESTIVAL LOAN 

10.00%

11

MEDICAL LOAN 

10.00%

12

LOAN AGAINST PLEDGE OF ORNAMENTS 

11.00%

 
 
 
 

Note :-

·         Under the entire scheme, for regular Employees of the Government of India / State Government, Corporation / Board, all Cooperative Institutions and Nationalized Banks – 08.00 %.

·         Under the entire scheme, for Employees of the Apex Bank – 08.00 %. 

·         For more details, kindly go through Loan >>Non Agriculture loan >>Individual loan.