Rate of interest on loan

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Applications are invited for the post of Cooperative Interns for the West Bengal State Coop, Bank & its affiliated DCCBs/CCBs

Information on Secured Assets Possessed under the SARFAESI Act, 2002

Audit Notice 2022-23

STATUS ON ENLISTING PROCESS OF INTERESTED SERVICE PROVIDERS FOR WORKING AT PACS FOR NON-IPKS CSP SOLUTION INTEGRATING WITH CBS OF CFAs THROUGH API DEVELOPED BY TCS

Rate of Interest on Loan

With effect from the 5th December 2022.

Type of Loan

CCB / SCB Branch to Primary Society

Primary Society to individual members/ or CCBs / SCB Branches to nominal members

Revised

ST(SAO) Under KCC mode

Current- 5.00 %
Overdue- 8.50 %

Current- 7.00 %
Overdue- 11.00 %

Term Loan (Farm Sector and Farm allied Sector)
*This is Card rate the Risk Premium up to 3% may be added on the basis of the nature of Scheme, repayment history of borrower and credit score of the borrower if any)

9.00 %

9.25 %

Self Help Group ( SHGs)

11.00 %

Medium Term Loan to Employees' Co-operative Credit Societies

11.50 %

12.50 %

HOUSING LOAN

5(i)

State Govt. Housing Loan (irrespective of loan size) with contract period of repayment (FIXED OPTION)

(i) Up to 5 years
(ii) Above 5 years & up to 10 years
(iii) Above 10 years & up to 15 years
(iv) Above 15 years & up to 20 years
Above Slab of Revised rate is valid for CIBIL / Credit Score of >=800. For Credit score <=799 to 700 additional 0.05% to be added as risk premium with ROI in each slab and for less than of credit score of 700 0.10% to be added as risk premium with RO

8.40 %
8.65 %
8.90 %
9.15 %

5(ii)

Home Loan (irrespective of loan size) with contract period of repayment – (FIXED OPTION)

(i) Up to 5 years
(ii) Above 5 years & up to 10 years
(iii) Above 10 years & up to 15 years
(iv) Above 15 years & up to 20 years

Above Slab of Revised rate is valid for CIBIL/Credit Score of >800. For Credit score <=799 to 700 additional 0.05% to be added as risk premium with ROI in each slab and for less than of credit score of 700 0.10% to be added as risk premium with ROI for individual/nominal members. In case of Home Loan through society 0.05% margin may be allowed in each Slab)

8.05 %
8.30 %
8.55 %
8.90 %

8.50 %
8.75 %
9.00 %
9.25 %

5(iii)

Home Loan (irrespective of loan size) with contract period of repayment – (Floating option)
ROI on the basis of credit Score

CIBIL SCRORE >= 800
CIBIL SCORE >= 700 to <= 799
CIBIL SCORE >= 650 to <= 699
CIBIL SCORE < 650

8.40 %
8.65 %
8.75 %
8.85 %

Personal Loan

Salary Linked- 12.50 %
Others - 14.00 %

ROI on the basis of CIBIL Score

	Salary	Others
>=800	12.50 %	13.75 %
>=700 to <=799	12.75 %	14.50 %
>=650 to <=699	13.00 %	15.00 %
>=600 to < 650	13.25 %	-

Non-Commercial Car Loan

Salary Linked- 9.00 %
Others- 10.50 %

ROI on the basis of CIBIL Score

	Salary	Others
>=800	8.60 %	8.95 %
>=700 to <=799	8.75 %	9.05 %
>=650 to <=699	9.00 %	9.75 %

Term Loan (Non-Farm)

(i) Up to Rs. 5 lac
(ii) above Rs. 5 - 10 lac
(iii) above Rs. 10-25 lac
(iv) above Rs. 25 lac
*This is Card rate the Risk Premium up to 3% may be added on the basis of the nature of Scheme, repayment history, Credit Score of CICs/ CIBIL of the borrower).

9.15 %
9.65 %
8.85 %
10.35 %

9.25 % **
9.75 % **
10.00 % **
10.50 % **

Cash Credit / Overdraft

Same as Sl. No.8 above

10.

Loan against NSC/KVP/LIC Policy

11.00 %

11.

BSKP/SVSKP/PMEGP Loan

Same as Sl. No.8 above

12.

Consortium Lending and other Big Loans

External Rating of the unit if any, Cost of Fund and Bench mark rate of the Bank

13.

Farmers producer company

9.00 %

N.B.:- * For SL No.4 interest rebate of 0.10% for salary- linked M.T. ECCS Loan cases * For Sl. No.2, there will be a Reset Clause on Rate of Interest after 2 (two) year from disbursement date (Fixed option)
** For Sl. Nos. 8 and 9, interest rebate at each stage will be allowed on the applicable rate of interest @ 0.15 % and 0.75 % on furnishing of liquid collateral securities covering not less than 50 % and 100 % respectively of the loan amount sanctioned.