On Advances above Rs.2 lakh other than Export Credit - ربی - Reserve Bank of India
Table 1 : Range of Interest Rates on Advances (above Rs. 2 lakhs) other than Export Credit |
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(per cent per annum) |
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Interest Rate Range excluding 5% |
Interest Rate Range at which at least |
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Demand Loan |
Term Loan |
Demand Loan |
Term Loan |
|
Public Sector Banks |
6-18 |
4-18 |
7-17.25 |
6-17 |
Foreign Banks |
5.4-18.5 |
5-25.5 |
7.28-16 |
7-21 |
Private Sector Banks |
4.5-23.25 |
4-25 |
7-17.5 |
8.25-18.29 |