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Devika Urban Co - Operative Bank LTD.
Udhampur, J&K

 
   
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Interest Rates
 
 

DEVIKA URBAN CO-OPERATIVE BANK LTD. P.N DOGRA MARKET, UDHAMPUR (J&K) - 182101

ADVANCES RATE   W.E.F 17/09/2022

PRODUCT

RATE

CASH CREDIT

UPTO RS 5.00 LAKHS

11.00%

ABOVE RS 5.00 LAKHS

11.25%

OD LIMIT AGAINST FDR

2% above on security FDR rate

OD AGAINST WORK ALLOTMENT

13%

 

Housing loan 

HOUSING LOAN RESIDENTIAL

9.50%

HOUSING LOAN COMMERCAL

13.00%

 

CAR LOAN

FOUR WHEELER LOAN

9.00%

2ND HAND FOUR WHEELER LOAN (UPTO 5 YRS OLD)

13.00%

 

TRANSPORT LOAN

 

TRANSPORT LOAN COMMERCIAL

11.50%

2ND HAND TRANSPORT LOAN (UPTO 3 YRS OLD)

13.00%

 

MORTGAGE LOAN

13.50%

LOAN AGAINST MORTGAGE PROPERTY (HOUSING PURPOSE)

10.00%

LOAN AGAINST MORTGAGE PROPERTY 

11.00%

 

OTHER LOANS

 

MACHINERY LOAN

12.50%

CONSUMER LOAN

13.00%

PERSONAL LOAN

13.50%

SARAL LOAN

10.00%

LOAN AGAINST FIXED DEPOSIT

Above 1.5% rate applicable on security

LOAN Against Govt. Securities/NSCs/KVPs/IVPs/LIC Policies 

Above 2% rate applicable on security

 

STAFF LOAN

Housing/CAR/CONSUMER/TWO WHEELER

5%

PERSONAL LOAN

10%

Loan Against FDRs/NSCs/KVPs/IVPs/LIC Policies

At par with interest of security

*Staff at par to rules applicable

Against FDRs/NSCs/KVPs/IVPs/LIC Polices

Against pledge of banks FDR - 1.50% above the rate applicable on deposits

As par with interest of security

* Note : 25% Security in the shape of FDR shall be obtained on Cash Credit limits upto Rs. 5.00 lakh and security in the shape of Mortgage on Cash Credit limits above Rs.5.00 lakh

 

 

Sd/-

 

Rakesh Sharma

(Chief Executive Officer)