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RATE OF INTEREST UNDER RETAIL CREDIT PRODUCTS
AS ON 10.10.2016 1 Year
Marginal Cost Based Lending Rate (MCLR) = 9.45%


SL. NO. SCHEME RATE OF INTEREST
1 ALL BANK AASHIANA SCHEME (Home Loan Product)

Up to Rs.300 Lac

MCLR

Above Rs.300 Lac up to Rs.500 Lac

MCLR+0.25%
2 HOUSING FINANCE SCHEME FOR NRI/PIO

Up to Rs.300 Lac

MCLR

Above Rs.300 Lac up to Rs.500 Lac

MCLR+0.25%
3 PREMIUM HOUSING FINANCE SCHEME FOR HIGH NET WORTH INDIVIDUALS (HNIs)
(for loan amount above Rs.500 Lac)
MCLR+0.50%
4 HOUSE FURNISHING SCHEME
  • MCLR+2.00%

 

5 LOAN FOR APPLICATION MONEY RAISED BY HOUSING BOARD / DEVELOPMENT AUTHORITY FOR ALLOTMENT OF RESIDENTIAL PLOT / FLAT / HOUSE
  • MCLR+3.00%, in cases where interest is to be serviced on monthly basis
  • MCLR+2.50%, in cases where interest for 6 months paid upfront
6 ALL BANK CREDIT LOYALTY BENEFIT SCHEME
  • MCLR+1.00%, for Housing Loan borrowers
  • MCLR+2.50%, for Property Loan borrowers
7 REVERSE MORTGAGE SCHEME 11% (Fixed) with provision for reset in 3 years
8 ALL BANK DREAM CAR SCHEME (Car Finance Scheme)
  • For new Vehicle -- MCLR+0.25%
  • For pre-owned Vehicle -- MCLR+0.75%
9 ALL BANK MOBIKE SCHEME MCLR+3.00%
10 ALL BANK COMMERCIAL VEHICLE SCHEME
(loan amount up to Rs.200 Lac)
Loan Amount Micro Enterprise Small Enterprise

Up to Rs.0.50 Lac

MCLR MCLR+0.50%

Above Rs.0.50 Lac to Rs.2.00 Lac

MCLR+1.00% MCLR+1.50%

Above Rs.2.00 Lac to Rs.10.00 Lac

MCLR+1.50% MCLR+2.00%
Above Rs.10.00 Lac NA As per rating mentioned below
Rating

Rate of Interest

AB-1 NA MCLR+2.00%
AB-2 NA MCLR+2.50%
AB-3 NA MCLR+3.00%
AB-4 NA MCLR+3.50%
AB-5 NA MCLR+5.50%
AB-6 NA MCLR+6.00%
AB-7 NA MCLR+6.00%
11 ALL BANK FLEET FINANCE SCHEME
(loan amount above Rs.200 Lac)
Rating Rate of Interest
AB-1 MCLR+2.50%
AB-2 MCLR+2.50%
AB-3 MCLR+2.50%
AB-4 MCLR+3.50%
AB-5 MCLR+3.50%
AB-6 MCLR+6.00%
AB-7 MCLR+6.00%
12 EDUCATION LOAN SCHEME

 

For studies in India

For IIMs, IITs & others

MCLR

For NITs & others

MCLR+1.50%

For other Institutes

MCLR+2.00%

For studies AMCLRoad

For loan amount up to Rs.4.00 Lac

MCLR+2.00%

For loan amount above Rs.4.00 Lac up to Rs.7.50 Lac

MCLR+2.00%

For loan amount above Rs.7.50 Lac

MCLR+1.50%

  • 0.50% rebate for girl students
  • 1.00% interest concession if interest is paid during study & moratorium period

 

For details of Institution specific Rate of Interest, click here

13 GYAN DIPIKA

MCLR+4.00%

14 ALL BANK PROPERTY SCHEME

MCLR+5.50%

15 ALL BANK RENT SCHEME

MCLR+4.00%

16 ALL BANK TRADE SCHEME

For Traders classified under Micro & Small Enterprise

Loan limit

Micro Enterprise

Small Enterprise

Up to Rs.0.50 Lac

MCLR

MCLR+0.50%

Above Rs.0.50 Lac up to Rs.2.00 Lac

MCLR+0.50%

MCLR+1.00%

Above Rs.2.00 Lac up to Rs.10.00 Lac

MCLR+1.00%

MCLR+1.50%

Above Rs.10.00 Lac, Rate of Interest is linked to Risk rating of the borrower

AB 1

MCLR+1.50%

MCLR+2.00%

AB 2

MCLR+1.50%

MCLR+2.00%

AB 3

MCLR+1.50%

MCLR+2.00%

AB 4

MCLR+2.00%

MCLR+2.50%

AB 5

MCLR+2.50%

MCLR+3.00%

AB 6

MCLR+3.50%

MCLR+4.50%

AB 7

MCLR+3.50%

MCLR+4.50%

For Traders not covered under Micro and Small Enterprise

AB 1

MCLR+3.50%

AB 2

MCLR+3.50%

AB 3

MCLR+3.50%

AB 4

MCLR+3.50%

AB 5

MCLR+5.00%

AB 6

MCLR+5.00%

AB 7

MCLR+6.00%

17 ALL BANK GOLD SCHEME

For Agricultural purpose

Up to Rs.0.50 Lac

MCLR

Above Rs.0.50 Lac up to Rs.2.00 Lac

MCLR+1.00%

Above Rs.2.00 Lac up to Rs.5.00 Lac

MCLR+2.00%

Interest @7% shall be charged in case of KCC issued for short term production against pledge of Gold / Gold Jewellery and ornaments / Gold coins specially minted and sold by Banks

For Business / Consumption purpose

Up to Rs.3.00 Lac

MCLR+2.25%

Above Rs.3.00 Lac up to Rs.25.00 Lac (for Consumption, maximum limit is Rs.5.00 Lac)

MCLR+4.00%
18 ALL BANK NEW SARAL LOAN SCHEME
(Personal Loan Scheme)

MCLR+4.00%

19 PERSONAL LOAN SCHEME FOR PENSIONERS

MCLR+3.00%

20 PERSONAL LOAN SCHEME FOR DOCTORS/ MEDICAL PRACTITIONERS

MCLR+5.00%

21 LOAN AGAINST NSC/KVP

MCLR+4.00%

22 ALL BANK HOME APPLIANCE SCHEME

MCLR+2.50%

23 OVERDRAFT IN SAVING BANK ACCOUNT

MCLR+4.50%

24 ALL BANK IPO/FPO FINANCE SCHEME

MCLR+3.50%

25 SCHEME FOR FINANCING VENDORS OF ATMs / CASH DISPENSER

AB 1 to AB 2

MCLR+2.00%

AB 3 to AB 4

MCLR+4.00%

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