|  NICBL : Welcome To Navsarjan Industrial Co Operative Bank Ltd.  |  

Bank Deposit Rate (20-JULY-2020)

Sr.No. Duration General Interest Rate Interest Rate For Senior Citizen & Bank Staff Member
1 31 days to 90 days 4.00 % 4.50 %
2 91 days to 180 days 4.50 % 5.00 %
3 181 days to less than 1 year 5.00 % 5.50 %
4 1 year to less than 2 years 5.50 % 6.00 %
5 2 year to less than 3 years 5.50 % 6.00 %
6 3 year and Above 5.50 % 6.00 %


Bank Loan and Advances Rate (12-JAN-2021)

Sr.No. Loan Type Rate of Interest for Loan and Advances
1 Cash Credit against Hypothication of stock (Collateral Security must) Business Loan/Industrial Loan/ Machineries Purchase /Over Draft etc 9.90 %
2 Two Wheeler 11.00 %
3 Truck/Tanker/Rickshaw etc (Any Commercial Vehicle) 10.50 %
4 Any second hand vehicle (vehicle should not be old more than four year) 15.00 %
5 Housing Loan 8.90 %
6 Property Mortgage Loan 9.90 %
7 Gold Loan (Against Ornaments) 11.00 %
8 NSC/KVP 11.00 %
9 EDUCATION LOAN FOR HIGHER STUDY 10.00 %
10 F.O.D Deposit rate +1% Additional %
11 Car Loan 7.90 %


CIBIL SCORE FOR LOAN APPLICATION RATE TO APPLY MORE OR LESS THAN PREVAILING INT. RATE
501 to 550 1% Extra
551 to 600 0.50% Extra
601 to 700 PREVAILING INT. RATE