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Prime rate table by product

Effective date : 01/04/2019
Applicable to : all new Acknowledgement of Debt from the above-mentioned effective date.

Individual

Product name
Prime rate
Auto Loan
New auto loan - consumer/business
8.5%
Used auto loan - consumer/business
8.7%
Mortgage Loan
Residential home loan
8.0%
Renovation and Construction home loan
8.2%
Under-construction home loan
Project sponsored by VIB WB
8.0%
Non-sponsored projects
8.2%
Business Loan
Working Capital
8.0%
Fixed Assets
8.4%
Agriculture
8.4%
Consumer Lending
Secured Consumer Loan
8.4%
Secured Overdraft
8.4%
Study Loan
8.4%
Value Paper
8.4%

Micro SME

Product name
Prime rate
Auto Loan
New auto loan
8.9%
Used auto loan
9.1%
Business Loan
Working Capital
8.0%
Fixed Assets
8.4%