On Advances above Rs.2 lakh other than Export Credit - RBI - Reserve Bank of India
Table 1 : Range of Interest Rates on Advances (above Rs. 2 lakhs) other than Export Credit |
||||
(per cent per annum) |
||||
Interest Rate Range excluding 5% of |
Interest Rate Range at which at least |
|||
|
Demand Loan |
Term Loan |
Demand Loan |
Term Loan |
Public Sector Banks |
4.5-17.5 |
4-17.75 |
7-17 |
6-17 |
Foreign Banks |
5.4-18.5 |
5-28 |
6-14.5 |
7-19.5 |
Private Sector Banks |
4.5-24 |
4-22.3 |
6.88-17.5 |
8.22-19.09 |
Install the RBI mobile application and get quick access to the latest news!
