Revised Interest Rates for Loans 2016

Revised Interest Rates for Loans 2016

New interest rates
SL Loan Product Maximum tenor(yrs) Floating Floating 5 yrs reset Fixed rate
1 AGRICULTURE 15 8.49% 10.18% 11.00%
2 TRANSPORT-COMMERCIAL 5 9.07%
3 SERVICE-CONSTRUCTION OF HOTELS AND RESTAURANTS 15 10.18% 10.36% 12.53%
4 ENTERPRENEUR DEVELOPMENT PROGRAM(EDP) 5 Govt. Decision
5 EDUCATION- STUDENT LOAN 7 7.86% 9.58% 9.86%
6 TRADE AND COMMERCE-EXPORT PACKAGING CREDIT(EPC) 1 9.86%
7 SERVICE-HOSPITALITY/ENTERTAINMENT/RECREATIONAL 15 10.10% 11.19% 12.03%
8 SERVICE-IT RELATED BUSINESS 15 8.49% 10.18% 11.00%
9 SERVICE-SETTING UP OF INSTITUTIONS(SCHOOLS/COLLEGES ETC.) 15 8.49% 10.18% 11.00%
10 MANUFACTURING 15 11.07% 11.47% 13.00%
11 MINING AND QUARRYING 15 9.49% 11.18% 12.00%
12 TRANSPORT-PUBLIC SERVICE 5 10.04%
13 HOUSING-NON COMMERCIAL 20 8.46% 10.16% 11.00%
14 SERVICE-TRANSPORT(TOURISUM) 5 9.29%
15 SERVICE-SET UP OF HOTEL/RESORT/RESTAURANT ETC 15 8.29% 10.04% 11.00%
16 HOUSING-COMMERCIAL 20 10.31% 11.00% 13.25%
17 PERSONAL-CONSUMER(SALARY BASED LOAN) 5 9.64%
18 SHARE-LOAN FOR PURCHASE OF SHARES/SECCURITES 6 11.05% 11.96% 12.75%
19 TRADE & COMMERCE-HIRING UNITS-MACHINERY 5 10.30%
20 PERSOANL-LOANS AGAINST SHARES(pledge) 5 15.00%
21 TRADE&COMM-CONTRACTORS AND SUPPLIERS 3 10.66%
22 PERSOANL-MORTAGE(LOANS AGAINST IMMOVABLE ASSETS) 5 9.60%
23 TRANSPORT-NON-COMMERCIAL 5 9.80%
24 PERSOANL-OTHERS 1 15.00%
25 PERSOANL-FESTIVAL LOAN 5 9.80%
26 PERSOANL-SETTLEMENT LOAN 1 10.25%
27 SERVICE -WORKING CAPITAL(AUTOMOBILE WORKSHOPS ETC.) 1 12.00%
28 TRADE&COMMERCE-WHOLESALE AND RETAILS 1 12.50%