Loan Interest Rates - Hindu Co-operative Bank Ltd.

Rate of Interest on Loan & Advances (w.e.f. 16.01.2023 )

Hypothecation Loan
Cash Credit
1. Cash Credit to Retail Traders	12.4%
2. Cash Credit to Medical Professionals	12%
3. Cash Credit to SSI	14.5%
4. Cash Credit to Business purpose	14.5%
5. Cash Credit to Agriculture & Allied activities	14.5%
6. Cash Credit against Stocks	14.5%
7. Cash Credit to Commercial & Real Estate	12.5%
Over Draft
1. OD against FDRs upto 10 Lakh	2% more than contracted rate
2. OD against FDRs upto 10 Lakh to 25 Lakh	1.5% more than contracted rate
3. OD against FDRs above 25 Lakh	1% more than contracted rate
4. OD against FDR/RD To Staff	1% more than contracted rate
5. OD against Property	14.5%
6. Loan against KVP/NSC/GOLD/LIC	11.25%
Mortgage ( Medium Term Loan)
1. Loan against Property/ personal Loan	14.5%
2. Housing Loan	9%
3. Construction of School / College Building	12.5%
4. Education Loan	10.5%
5. Term Loan to SSI	14.5%
6. Term Loan to Medical Professional	12%
7. Term Loan to agriculture & allied activities	14.5%
8. Term Loan to Business purpose	14.5%
9. Bank Building Loan	12.5%
1. Motor Cycle/ Scooter Loan	14.5%
2.New Car Loan	13.5%
3. Bus/ Truck Loan	14%
4. Consumer Loan	15.5%
5. Employee Loan to Teachers & Professors	12.5%
6. Other Employee Category	12.5%
6. Vehicle Loan to Member Secured against Cent Percent Deposit>	11%

2% Penal rate will be charged on default of each instalment & default amount in loan & cash credit Accounts respectively .