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  1. Home
  2. Rate of Interest
  3. Rate of interest on loan

Rate of Interest

Interest rate on deposit
Rate of interest on loan

news and event

  • RFP REF NO. WBSCB/TENDER/KASHINAGAR/Interior/1.1 dated 24/02/2022 for SELECTION of VENDOR for COMPOSITE WORK OF INTERIOR FURNISHING ALONG WITH CIVIL WORK, ELECTRICAL WORK, CCTV and HVAC WORK for our KASHINAGAR BRANCH
    Know more
  • CORRIGENDUM-3 : Postponement of RFP No. WBSCB/POS/1.1 dated 29.09.2021 for Procurement of Point-of-Sale Devices
    Know more
  • RFP REF NO. WBSCB/TENDER/Calendar/1.1 dated 10 /11/2021 for SELECTION of VENDOR for PRINTING & SUPPLY OF CALENDAR AND DIARIES FOR THE YEAR 2022
    Know more
  • CORRIGENDUM-2: Extension of Last Date for Bid Submission of the RFP No. WBSCB/POS/1.1 dated 29.09.2021
    Know more

Rate of interest on loan

With effect from the 22nd January 2021

  Type of Loan

CCB / SCB Branch to Primary Society

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

Revised Revised
1. ST(SAO) Under KCC mode Current-5
Overdue-8.5
Current-7
Overdue-11
2. 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)
9.00 9.25
3. Self Help Group ( SHGs) 11.00 11.00
4. Medium Term Loan to Employees' Co-operative Credit Societies 11.00 12.00
5. State Govt. Housing Loan (irrespective of loan size) with contract period of repayment

(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
 


7.90
8.15
8.40
8.65
6. Home Loan (irrespective of loan size) with contract period of repayment –

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




8.05
8.30
8.55
8.90




8.15
8.40
8.65
9.00
7. 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 of the borrower).


8.05
8.30
8.55
8.90


8.15
8.40
8.65
9.00
8. Cash Credit /Overdraft Same as Sl. No.7
9. Personal Loan 12.50/14.0
(Rate 1/2↓)
12.50/14.00
(Rate 1/2↓)
10. Consumer Durable Loan 13.50 14.00
11. Non- Commercial Car Loan -
9.00 /10.50
(Rate 1/2↓)
12. Loan against NSC/KVP/LIC Policy -
11.00
13. BSKP/SVSKP / PMEGP Loan -
12.00***

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 1 (one) year from disbursement date
** For Sl. Nos. 7 and 8, 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.
↓ For Sl. Nos.9&11, Rate 1 signifies the cases where salary is disbursed through a Branch of the Bank and Rate 2 for other cases.

With effect from the 2nd day of February , 2017 ( Thursday )

Sl. No. Type of Loan Rate of Interest in % per annum
   

CCB / SCB Branch to Primary Society

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

Existing Revised Revised Existing
1. Medium Term Loan to Employees’ Co-operative Credit Societies * 11.50 11.25 12.50 12.25
2. Home Loan (irrespective of loan size) with contract period of repayment *–
  1. Upto 5 years
  2. Above 5 years & upto 10 years
  3. (iii)  Above 10 years & upto 15 yrs
  4. Above 15 years & upto 20 yrs

 

  •  
  • 09.95
  • 10.00
  • 10.25
  • 10.50
  • (All EMI)

 

  • 09.25
  • 09.50
  • 10.00
  • 10.25

 

  •  
  • 10.10
  • 10.25
  • 10.50
  • 10.75
  • (All EMI)

 

  •  
  • 09.50
  • 09.75
  • 10.25
  • 10.50
  • (All EMI)
3. Term Loan (Farm Sector) 11.25 11.25 11.75 11.50
4. Term Loan (Non-Farm) **
  1. upto Rs.5 lac
  2. above Rs.5 – 10 lac
  3. above Rs.10-25 lac
  4. above Rs.25 lac
12.00
12.25
12.75
13.00
11.00
11.25
12.00
12.25
12.00**
12.25**
13.00**
13.25**
11.25**
11.50**
12.25**
12.50**
5. Personal Loan 14.25/16.75 (Rate 1/2↓) 14.00/16.50
(Rate 1/2↓)
14.25/16.75 (Rate 1/2↓) 14.00/16.5
(Rate 1/2↓)
6. Consumer Durable Loan 13.50 13.50 14.00 14.00
7. Cash Credit /Overdraft ** Same as Sl. No.4
8. Non- Commercial Car Loan -
-
-
-
10.75 /12.00
(Rate 1/2↓)
9.95 /11.00
(Rate 1/2↓)
9. Loan against NSC/KVP/LIC Policy -
-
-
-
12.00 11.50
10. BSKP Loan -
-
-
-
12.00 12.00***

 

N.B.

*  For SL No.1 interest rebate of 0.25% for salary- linked  M.T. ECCS Loan cases * For Sl. No.2, there will be a Reset Clause on Rate of Interest after 1 (one) year from disbursement date and interest rebate of 0.25% for salary- linked Home Loan cases  of above 5years term at beneficiary level.

**For Sl. Nos. 4 and 7, interest rebate at each stage will be allowed on the applicable rate of interest @ 0.25% and 0.75% on furnishing of liquid collateral securities covering not less than 50% and 100%  respectively of the loan amount sanctioned.

↓ For Sl. Nos.5 & 8, Rate 1 signifies the cases where salary is disbursed through a Branch of the Bank and Rate 2 for other cases. ***For Sl. No.10, interest rebate @1% p.a.  will be allowed on timely repayment.

Rates of Interest on Loan With Effect From 01/09/2016

Sl. No. Type of Loan Rate of Interest in % per annum
    CCB / SCB Branch to Primary Society Primary Society to individual members/ or CCBs / SCB Branches to nominal members
Existing Revised Revised Existing
1. Medium Term Loan to Employees’ Co-operative Credit Societies * 11.50 11.50 11.50 12.50
2. Home Loan (irrespective of loan size) with contract period of repayment *–
  1. Upto 5 years
  2. Above 5 years & upto 10 years
  3. (iii)  Above 10 years & upto 15 yrs
  4. Above 15 years & upto 20 yrs

 

  •  
  • 10.00
  • 10.25
  • 10.75
  • 11.00
  • (All EMI)

 

  • 09.95
  • 10.00
  • 10.25
  • 10.50

 

  •  
  • 10.25
  • 10.50
  • 10.75
  • 11.00
  • (All EMI)

 

  •  
  • 10.00
  • 10.25
  • 10.50
  • 10.75
  • (All EMI)
3. Term Loan (Farm Sector) 11.50 11.25 12.00 11.75
4. Term Loan (Non-Farm) **
  1. upto Rs.5 lac
  2. above Rs.5 – 10 lac
  3. above Rs.10-25 lac
  4. above Rs.25 lac
12.25
12.50
13.00
13.50
12.00
12.25
12.75
13.00
12.25**
12.50**
13.00**
13.25**
12.00**
12.25**
13.00**
13.25**
5. Personal Loan 14.25/16.75 (Rate 1/2↓) 14.25/16.75
(Rate 1/2↓)
14.25/16.75 (Rate 1/2↓) 14.25/16.75
(Rate 1/2↓)
6. Consumer Durable Loan 13.50 13.50 14.00 14.00
7. Cash Credit /Overdraft ** Same as Sl. No.4
8. Non- Commercial Car Loan -
-
-
-
11.00 /12.00
(Rate 1/2↓)
10.75 /12.00
(Rate 1/2↓)
9. Loan against NSC/KVP/LIC Policy -
-
-
-
13.00 12.00
10. BSKP Loan -
-
-
-
12.00 12.00***

 

N.B.

* For Sl. No. 1 interest rebate of 0.25% for salary- linked  M.T. ECCS Loan cases

*– For Sl. No. 2, there will be a Reset Clause on Rate of Interest after 1 (one) year from disbursement date and interest rebate of 0.25% for salary- linked Home Loan cases  of above 5years term at beneficiary level.

** For Sl. Nos. 4 & 7, interest rebate at each stage will be allowed on the applicable rate of interest @ 0.25% and 0.75% on furnishing of liquid collateral securities covering not less than 50% and 100%  respectively of the loan amount sanctioned.

↓ For Sl. Nos.5 & 8, Rate 1 signifies the cases where salary is disbursed through a Branch of the Bank and Rate 2 for other cases.

*** For Sl. No. 10, interest rebate @1% p.a. will be allowed on timely repayment.

Rates of Interest on Loan With Effect From 09/10/2015

Sl. No. Type of Loan Rate of Interest in % per annum
    CCB / SCB Branch to Primary Society Primary Society to individual members/ or CCBs / SCB Branches to nominal members
Revised  Revised
1. Medium Term Loan to Employees’ Co-operative Credit Societies * 11.50 12.50
2. Home Loan (irrespective of loan size) with contract period of repayment *–
  1. Upto 5 years
  2. Above 5 years & upto 10 years
  3. (iii)  Above 10 years & upto 15 yrs
  4. Above 15 years & upto 20 yrs

 

10.00
10.25
10.50
10.75
 (All EMI)

 

10.25
10.50
10.75
11.00
 ( All EMI)
3. Term Loan (Farm Sector) 11.25 11.75
4. Term Loan (Non-Farm) **
  1. upto Rs.5 lac
  2. above Rs.5 – 10 lac
  3. above Rs.10-25 lac
  4. above Rs.25 lac
12.00
12.25
12.75
13.00
12.25
12.50
13.00
13.25
5. Personal Loan 14.25/16.75 (Rate 1/2↓) 14.25/16.75
(Rate 1/2↓)
6. Consumer Durable Loan 13.50 14.00
7. Cash Credit /Overdraft ** Same as Sl. No.4
8. Non- Commercial Car Loan -
-
11.00 /12.00
(Rate 1/2↓)
9. Loan against NSC/KVP/LIC Policy -
-
13.00
10. BSKP Loan -
-
12.00***

 

N.B.

* For Sl. No. 1 interest rebate of 0.25% for salary- linked  M.T. ECCS Loan cases

*– For Sl. No. 2, there will be a Reset Clause on Rate of Interest after 1 (one) year from disbursement date and interest rebate of 0.25% for salary- linked Home Loan cases  of above 5years term.

** For Sl. Nos. 4 & 7, interest rebate at each stage will be allowed on the applicable rate of interest @ 0.25% and 0.75% on furnishing of liquid collateral securities covering not less than 50% and 100%  respectively of the loan amount sanctioned.

↓ For Sl. Nos.5 & 8, Rate 1 signifies the cases where salary is disbursed through a Branch of the Bank and Rate 2 for other cases.

*** For Sl. No. 10, interest rebate @1% p.a. will be allowed on timely repayment.

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