RATE OF INTEREST UNDER RETAIL CREDIT PRODUCTS w.e.f 0.0.07 SL. NO. 3 4 ALL BANK AASHIANA (Home Loan Product) HOUSING FINANCE FOR NRI/PIO PREMIUM HOUSING FINANCE FOR HIGH NET WORTH INDIVIDUALS (HNIs) (for loan amount above Rs.500 ) HOUSING LOAN FOR PENSIONER Upto Rs.75.00 Above Rs.75.00 & Up to Rs.300 Above Rs.300 up to Rs.500 Above Rs.500 RATE OF INTEREST MCLR+0.05% MCLR+0.5% MCLR+0.40% MCLR+0.55% *0.05% concession to Women & Salaried employee. 4 HOUSE FURNISHING MCLR+3.00% 5 6 LOAN FOR APPLICATION MONEY RAISED BY HOUSING BOARD / DEVELOPMENT AUTHORITY FOR ALLOTMENT OF RESIDENTIAL PLOT / FLAT / HOUSE ALL BANK HOME PLUS/ ALL BANK CREDIT LOYALTY BENEFIT MCLR+4.00%, in cases where interest is to be serviced on monthly basis MCLR+3.50%, in cases where interest for 6 months paid upfront MCLR+.5%, for Housing Loan borrowers MCLR+3.00%, for Property Loan borrowers 7 REVERSE MORTGAGE % (Fixed) with provision for reset in 3 years 8 ALL BANK DREAM CAR (Car Finance Scheme) For new Vehicle -- MCLR+0.50% For pre-owned Vehicle -- MCLR+.50% 9 ALL BANK MOBIKE MCLR+3.5% Page of 9
0 ALL BANK COMMERCIAL VEHICLE (loan amount up to Rs.00 ) Loan Amount Up to Rs.0.50 Above Rs.0.50 to Rs..00 Above Rs..00 to Rs.0.00 Above Rs.0.00 Rating Micro Enterprise MCLR Small Enterprise MCLR+0.50% MCLR+.00% MCLR+.50% MCLR+.50% MCLR+.00% NA Rate of Interest As per rating mentioned below AB- NA MCLR+.50% AB- NA MCLR+.50% AB-3 NA MCLR+3.00% AB-4 NA MCLR+3.00% AB-5 NA MCLR+4.00% AB-6 NA MCLR+5.65% AB-7 NA MCLR+5.65% ALL BANK FLEET FINANCE (loan amount above Rs.00 ) AB- AB- AB-3 AB-4 AB-5 AB-6 AB-7 Rating Rate of Interest MCLR+.80% MCLR+.85% MCLR+3.00% MCLR+4.5% MCLR+4.30% MCLR+6.95% MCLR+6.95% Page of 9
EDUCATION LOAN For studies in India For IIMs, IITs & others For NITs & others For other Institutes For studies Abroad For loan amount up to Rs.4.00 For loan amount above Rs.4.00 up to Rs.7.50 For loan amount above Rs.7.50 MCLR+0.35% MCLR+.85% MCLR+.00% MCLR+.00% MCLR+.00% MCLR+.85% 0.50% rebate for girl students.00% interest concession if interest is paid during study & moratorium period For details of Institution specific Rate of Interest, click here 3 GYAN DIPIKA MCLR+4.50% 4 ALL BANK PROPERTY MCLR+5.50% 5 ALL BANK RENT MCLR+4.00% 6 ALL BANK TRADE For Traders classified under Micro & Small Enterprise Loan limit Micro Small Enterprise Enterprise Up to Rs.0.50 MCLR MCLR+0.50% Above Rs.0.50 up to Rs..00 MCLR+.00% MCLR+.50% Above Rs..00 up to Rs.0.00 MCLR+.50% MCLR+.00% Above Rs.0.00, Rate of Interest is linked to Risk rating of the borrower AB MCLR+.80% MCLR+.50% AB MCLR+.85% MCLR+.50% AB 3 MCLR+.5% MCLR+3.00% AB 4 MCLR+.65% MCLR+3.00% AB 5 MCLR+3.30% MCLR+4.00% AB 6 MCLR+4.45% MCLR+5.65% AB 7 MCLR+4.45% MCLR+5.65% For Traders not covered under Micro and Small Enterprise AB MCLR+3.80% AB MCLR+3.80% AB 3 MCLR+3.80% AB 4 MCLR+3.80% AB 5 MCLR+5.50% AB 6 MCLR+5.95% AB 7 MCLR+6.95% Page 3 of 9
7 ALL BANK GOLD 8 9 0 ALL BANK NEW SARAL LOAN (Personal Loan Scheme) PERSONAL LOAN FOR PENSIONERS PERSONAL LOAN FOR DOCTORS/ MEDICAL PRACTITIONERS For Agricultural purpose Up to Rs.0.50 MCLR Above Rs.0.50 up to MCLR+.30% Rs..00 Above Rs..00 up to MCLR+.30% Rs.5.00 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 MCLR+.60% Above Rs.3.00 up to Rs.5.00 (for MCLR+4.5% Consumption, maximum limit is Rs.5.00 ) MCLR+4.50% MCLR+3.50% MCLR+5.00% LOAN AGAINST NSC/KVP MCLR+4.00% 3 4 ALL BANK HOME APPLIANCE OVERDRAFT IN SAVING BANK ACCOUNT ALL BANK IPO/FPO FINANCE MCLR+3.00% MCLR+5.00% MCLR+4.50% FOR FINANCING AB to AB 5 VENDORS OF ATMs / CASH AB 3 to AB 4 DISPENSER 6 SKILL LOAN MCLR+.50% MCLR+.50% MCLR+4.50% Page 4 of 9
Table: ( Processing Fees & Prepayment fees for Retail Credit Products exclusive of taxes) S l. N o Scheme Revised Processing Charges Revised Prepayment Penalty Documentati on Charges Mort gage Char ges Inspectio n & Supervisi on Charges All Bank Rent All Bank Property Upto Rs.5 :.06%, Min Rs.670. Above Rs.5 to Rs.50 : 0.53%, Min Rs.6700. Above Rs.50 : 0.7%, Min Rs.8000.98% of Applicable as per Table. Appli cable as per Table. Applicabl e as per Table. 3 All Bank trade Rs.00 per, Minimum Rs.780 Maximum Rs.40000.98% of Applicable as per Table. Appli cable as per Table. Applicabl e as per Table. 4 All Bank Commercial Vehicle Finance 0.36% of loan Minimum Rs.780.98% of Applicable as per Table. Appli cable as per Table. Applicabl e as per Table. 5 Car Loan 0.50% of loan amount, Maximum Rs.8696 under All bank Utsav till 3.03.08 6 All Bank Mobike Rs.534 Page 5 of 9
7 8 All Bank Ashiana Housing Finance Scheme for NRI/PIO For loan upto Rs.00 lac-0.40% of the loan amount, Max Rs.5000 For loan above Rs.00 lac-0.4% of the loan amount, Max Rs.50000 9 Premium Housing Finance Scheme for HNI under All bank Utsav till 3.03.08 0 House Furnishing / Repairing Loan 0.53% of loan Minimum Rs.56 (Allahabad Bank Employees- ) Short term loan for application money ( financed by local housing board/ authorities for allotment of residential plot/flat/houses) Rs.3 All Bank New Saral Loan Scheme.% of loan Minimum Rs.068 3 Personal Loan (Doctors & Medical Practitioners).06% of loan Minimum Rs.068 4 Personal Loan (Pensioners) Page 6 of 9
5 5 7 8 9 Loan against NSC/KVP Education Loan Scheme OD in SB A/C Gyan Deepika Gold Loan 0.53% of loan Minimum Rs.3 (Allahabad Bank Employees- ) studies in India For loan amount Upto Rs.0 - above Rs.0.00-0.5%, maximum of Rs.3000/- studies abroad For loan amount Upto Rs.0 - above Rs.0.00-0.0%, maximum of Rs.5000/- 0.40% of loan amount 0 Reverse Mortgage Scheme.06% times of one month's annuity, Maximum Rs.0680 All Bank IPO/FPO Finance Scheme Salary tie-up cases-, Others Rs.534 All Bank Fleet Finance Scheme.06% of the sanctioned amount Term loan- Maximum.06% on the prepaid amount for the residual period Applicable as per Table. Appli cable as per Table. Page 7 of 9
Table:. Charges for Creation of Mortgage & Documentation Credit Limits Documentation Charges Mortgage Charges Upto Rs.50000 Rs.50000 to Rs. Rs.890 Rs.890 Above Rs. but upto Rs.5 Rs.670 Rs.670 Above Rs.5 but upto Rs.0 Rs.630 Rs.630 Above Rs.0 but upto Rs. crore Rs.3350 Rs.3350 Above Rs. crore Rs.7800 Rs.50 Table:. Inspection & Supervision Charges Credit Limits Revised Rate Upto Rs. Above Rs. but upto Rs.0 Rs.445/Qtr for all centers Page 8 of 9
Above Rs.0 but upto Rs. crore Rs.335/Qtr for all centers Above Rs. crore upto Rs.5 crore Rs.3560/Qtr for all centers Above Rs.5 crore Rs.7565/Qtr for all centers The above mentioned charges are exclusive of Goods & Service Tax. Page 9 of 9