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Pursuant to the decision of the authority Tamluk Ghatal Central Co-Operative Bank Ltd it is hereby notified for the information of all concerned that with effect from 12.12.2023 rates of interest on fresh sanction/issue/renewal of different types of loan and advances shall stand revised as follows;
| Sl. No | Types of Loan | Rate of Interest | |
|---|---|---|---|
| CCB to Society | Society to Individual members/SHG or CCB to nominal members/SHGs | ||
| 1. | i) Self Help Group(through PACS) | 9.00 | 11.00 |
| ii) Self Help Group(Direct Bank) | X | 11.00 | |
| 2. | Medium/Long Term Loans | ||
| a) | Agril/Agril-Allied sector (Reset clause on Rate of Interest after 1 year from disbursement date) | 10.50 | 12.00 |
| b) | Non Farm Sectors/SSI/SMI/Business Advances (All EMI) | 9.50 | 10.50 |
| c) | Salary Earners Society | 11.50 | 12.25 |
| d) | Individual Salary Earners Loan - Personal Loan (All EMI) | ||
| i) Salary Linked (Related with Tamluk Ghatal CCB Ltd) | |||
| Upto Rs. 3.00 lac [ EMI - Max. 120 ] (CIBIL Score 800 mandatory) | X | 9.50 | |
| Upto Rs. 10.00 lac [ EMI - Max. 120 ] | X | 11.30 | |
| Above Rs. 10.00 lac | X | 11.95 | |
| ii) Without Salary Linked | |||
| Upto Rs. 10.00 lac | X | 12.50 | |
| Above Rs. 10.00 lac | X | 13.50 | |
| e) | i) Non Commercial Car/Two Wheeler Loan (All EMI) | X | 8.50 |
| ii) Commercial vehicle (All EMI) | 9.00 | 10.00 | |
| f) | Special Loan Assistance (All EMI) | 10.00 | 12.00 |
| g) | HOME LOAN (UNDER FIXED RATE OF INTEREST) All EMI | ||
| i) Salary Linked Borrower | X | 10.00 | |
| ii) Others | X | 10.25 | |
| h) | HOME LOAN (UNDER FLOATING RATE OF INTEREST) All EMI | ||
| i) Salary Linked Borrower | |||
| a) Loan amount upto Rs. 10 Lakh (Fresh First Time) | X | 8.25 | |
| b) Loan amount Above 5 lakh upto Rs. 20 lakh | X | 8.95 | |
| c) Loan amount Above Rs. 20 Lakh | X | 9.10 | |
| ii) Others | |||
| a) Loan amount upto Rs. 20 Lakh | X | 9.20 | |
| b) Loan amount Above Rs. 20 Lakh | X | 9.30 | |
| i) | Salary Linked Festival Advance (FADV)/ Advance for Family Tour (TADV)/ Overdraft (OD) | X | 11.00 |
| j) | BSKP/SVSKP/PMEGP/Any Govt. subsidy based scheme (All EMI) | 9.50 | 10.50 |
| 3) | Working Capital Loan | ||
| a) Loan against Potato Bond for crop Loan Repayment | 12.75 | 13.75 | |
| b) cash Credit/Overdraft/Short Term Loans | X | 10.50 | |
| 4) | a) Loan against NSC/KVP/LIC policies (Term) | X | 10.50 |
| b) Loan against Micro Deposit Scheme of the Bank | X | 8.00 | |
| c) Term Loan against TD with Bank | Highest paper rate among the TDRs to be lined +1% | ||
| 5) | a) Cash Dep. Loan against NSC/KVP/LIC policies/Gold Etc | X | 10.50 |
| b) Cash Dep. Loan against TD with Bank | Highest paper rate among the TDRs to be liened +1% | ||
| 6) | Gold Loan | ||
| a) Negotiable for 1 Year - Maximum Rs. 2 Lakh | X | 9.95 | |
| b) Gold Overdraft (Minimum amount of Gold OD to be issued Rs. 2 Lakh) | |||
| i) Rs. 2 lakh to 10 Lakh | 8.55 | ||
| i) Over Rs 10 Lakh | 7.95 | ||
| 7) | CC Weavers | ||
| a) CC Weavers - Current | 11.00 | X | |
| b) CC Weavers - Overdue | 13.00 | X | |
| 8) | RURAL HOUSING SCHEME UNDER FIXED RATE OF INTEREST (All EMI) | ||
| a) Upto 10 years | 9.25 | 9.75 | |
| b) Above 10 years | 9.75 | 10.25 | |
| 9) | Rural Sanitation Scheme (All EMI) | 10.25 | 11.75 |
