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Loan Interest Rates

w.e.f 01-08-2017

The Sutex Coop. Bank Ltd., Surat                                                                                       
Rate of Interest on Loans & Advances w.e.f 01/08/2017
   
S.No. Type of Loan Rate of Int.(%) p.a.
1 Cash Credit Limit 11.00%
2 Cash Credit Loan (84 months) 10.75%
3 Machinery Loan - New / TUF / Embroidery / Old 10.75%
4 Vehicle Loan (2 wheeler, 3 wheeler,4 wheeler,Commercial Vehicle) 10.00%
5 Clean Loan 14.00%
6 Factory Shed Loan / Premises Loan / Agriculture Factory Shed Loan  (Upto 144 Months) 11.50%
7 Loan / OD against NSC / KVP / Life Policy / RBI Bond etc. 10.50%
8 Consumer Loan 13.00%
9 Education Loan in India*:  
  Upto Rs.2.00 Lacs 9.50%
  Above Rs.2.00 Lacs to 5.00 Lacs 10.50%
  Above Rs.5.00 Lacs 11.00%
10 Education Loan Abroad*: 11.50%
  *0.50% concessional rate for girl student  
11 Housing Loan  
  120 Months tenure 9.50%
  Above 120 Months & Upto 180 Months tenure 10.00%
12 Premises Loan / Loan against Immovable Property 13.00%
13 Premises Loan / OD against Commercial Real Estate Immovable Property 14.00%
14 Retail Trade Loan (Maximum Rs.5.00 Lacs) 12.00%
15 Holiday Tour Finance 13.00%
16 Furniture Fixture Loan 13.50%
17 Agriculture and other Allied Activities 10.75%
18 Loan / OD against bank's FD FD rate + 1%
19 Loan / OD against bank's FD (Third party) FD rate + 2%
20 Finance for Professionals (FFP) 10.00%
21 Overdraft Against Immovable Property (ODPROP) 12.00%

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