0755 – 2674701-02TYPES 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. 20.04.2023
|
Sr. No. |
Types of Loan |
Interest Rate |
|
1 |
HOME LOAN |
09.00% |
|
2 |
VEHICLE LOAN |
10.00% |
|
3 |
LOAN AGAINST MORTGAGE OF FIXED ASSETS |
09.00% |
|
4 |
CASH CREDIT LIMIT AGAINST COLLATERAL SECURITY / CREDIT LIMIT TO TRADERS |
11.00% |
|
5 |
CONSUMER GOODS PURCHASE LOAN |
10.00% |
|
6 |
PROJECT LOAN |
11.00% |
|
7 |
PERSONAL LOAN |
11.00% |
|
8 |
HIGHER EDUCATION LOAN |
10.00% |
|
9 |
TRAVEL LOAN |
11.00% |
|
10 |
FESTIVAL LOAN |
11.00% |
|
11 |
MEDICAL LOAN |
10.00% |
|
12 |
LOAN AGAINST PLEDGE OF ORNAMENTS |
10.00% |
Note :-
· For regular Employees of the Government of India / State Government, Corporation / Board, all Cooperative Institutions, Nationalized Banks and for Employees of the Apex Bank -
1. Home Loan and Loan Against Mortgage of Fixed Assets – 09.00 %.
2. Loans under all other schemes – 10.00 %.
· For more details, kindly go through Loan >>Non Agriculture loan >>Individual loan.