| Loan Type | Description | Interest Rate (Fixed for two years and variable thereafter in every 6 months) % p. a |
| 1. Housing Loans (General) | If the loan amount is Rs. 3 Mn. or below, | 11.00 |
| If the loan amount is above Rs. 3 Mn. | 11.50 | |
| Fixed for full tenure irrespective of the loan amount(Up to 10 years) | 13.00 | |
| Fixed for full tenure irrespective of the loan amount(More than 10 years) | 14.00 | |
| 1st Home Owner Loan | Up to Rs. 05 Mn
(Rates Fixed for 3 years and variable there after in every 6 months) |
9.50 |
| Above Rs. 05 Mn up to Rs. 10 Mn
(Rates Fixed for 3 years and variable there after in every 6 months) |
10.50 | |
| Above Rs. 10 Mn
(Rates Fixed for 3 years and variable there after in every 6 months) |
11.50 | |
| 2. ‘Alankara’ Housing Loan | 11.50 | |
| 3. Personal Loans | Maximum up to 15 years | 11.50 |
| 4. Buddhi Loan (to pursue higher education locally/abroad) | Maximum up to 10 years | 11.50 |
| 5. ‘Diriya’ Loan | Maximum up to 5 years and Rs. 2.5 Mn. | 12.00 |
| 6. Personal Loans for Professionals | Maximum up to 15 years | 11.50 |
| 7. Solar Loans | 11.50 |
| Loan Type | Description | Interest Rate (Fixed for two years and variable thereafter in every 6 months) % p. a |
| 1.Personal Loans for professionals | ||
|
*Commissioned officers (Maximum up to 10 years and Maximum up to Rs. 05 Mn)
*Other Below Ranks (Maximum up to 10 years and Maximum up to Rs. 04 Mn) |
13.25
13.50 |
|
Maximum up to 10 years and Maximum up to Rs. 05 Mn | 13.50 |
|
Maximum up to Rs. 05 Mn and up to 12 years. On two personal guarantors
|
13.50 |
|
Maximum up to Rs. 05 Mn and up to 12 years. On two personal guarantors
|
13.00 |
|
Maximum up to Rs. 400,000/- and 5 years. On one personal guarantor | 11.50 |
| 2. Buddhi Loans (to pursue higher education locally) | Maximum up to 7 years and Rs. 2.5 Mn. On two personal guarantors. | 13.00 |
| 3. Solar Loan | 12.50 | |
| 4. Loans to migrant workers (Foreign Loans) | Maximum up to 5 years and Rs. 3. Mn. On two personal guarantors. | 12.50 |
| 5.Doctors, Charted Engineers, Charted Accountants, | Maximum loan: up to 8.0 Mn Tenure : Maximum up to 12 years. Security :Only one personal guarantor |
12.00 |
| Maximum loan: up to 8.0 Mn Tenure : Maximum up to 7 years. Security :Only one personal guarantor |
14.00 | |
| 6. Other Professional Category Employees | Maximum loan: up to 7.0 Mn Tenure : Maximum up to 12 years for Government sector employees and Maximum up to 10 years for Private sector employees Security :Only one personal guarantor |
12.50 |
| Maximum loan: up to 7.0 Mn Tenure : Maximum up to 7 years Security :Only one personal guarantor |
14.00 | |
| 7. Internship Medical officers | Maximum loan: up to 5.0 Mn Tenure : Maximum up to 7 years Security :Three personal guarantors |
13.50 |
| 8. Government Sector Confirmed Employees | Maximum loan: up to 1.0 Mn Tenure : Maximum up to 07 years Security :Only one personal guarantor |
13.00 |
| Maximum loan: up to 6.0 Mn Tenure : Maximum up to 12 years Security :Two personal guarantors |
13.50 | |
| 9. Private Sector Confirmed Employees | Maximum loan: up to 1.0 Mn Tenure : Maximum up to 07 years Security :Only one personal guarantor |
13.50 |
| Maximum loan: up to 5.0 Mn Tenure : Maximum up to 10 years Security :Two personal guarantors |
14.00 | |
| 10. Personal Loan for any other type of income earners | Maximum loan: up to 5.0 Mn Tenure : Maximum up to 05 years Security :Two personal guarantor |
14.00 |
| More Than 05 years to 10 years,Maximum loan: up to 5.0 Mn Security :Two personal guarantors |
14.50 | |
| 11. Personal Loan (Government, Private or any other sector) | Maximum loan: up to 5.0 Mn Tenure : Maximum up to 07 years Security :Two personal guarantor |
15.00 |
| Loan Type | Description | Interest Rate Interest Rate (Fixed for two years and variable thereafter in every 6 months) % p. a |
| 1. Auto Loans | Brand New/Unregistered. Up to maximum of 5 years | 13.00 |
| Registered/Redemption. Up to maximum of 5 years | 13.50 | |
| 2.Pawning (The rate is applied until the pawning transaction is settled in full.) | For Ordinary Savings Account holders. | 14.50 |
| For ‘Shree’ Account holders | 14.00 |
| Loan Type | Description | Interest Rate Interest Rate (Fixed for two years and variable thereafter in every 6 months) % p. a |
| 1. NSB Reach | Maximum up to Rs. 500,000/- and 5 years. On a cash deposit/personal guarantor |
14.00 |
| Loan Type | Description | Interest Rate Interest Rate (Fixed for two years and variable thereafter in every 6 months) % p. a | |
| 1. Loans against Fixed Deposits | One year and below | Effective Rate + 3% p. a | |
| Over one year | Interest paid at maturity | Published Rate + 3% p. a | |
| Interest paid monthly (MI) | Effective Rate + 3% p. a | ||
| 2. Easy Cash (Only against one year and above one-year Fixed Deposits) | One Year | Effective Rate + 3% p. a | |
| Over one year | Interest paid at maturity | Published Rate + 3% p. a | |
| Interest paid monthly (MI) | Effective Rate + 3% p. a | ||
| 3. Loans against Savings Accounts | Savings Rate + 3% p. a | ||
| Repayment Period | Rates Applicable (Fixed for two years and variable thereafter in every 6 months) % p. a |
| Up to 3 years | 13.00 |
| More than 3 years and up to 5 years | 13.00 |
| More than 5 years and up to 7 years | 13.00 |
| More than 7 years and up to 10 years | 13.00 |
| More than 10 and up to 15 years | 13.00 |
Penal Interest on Delayed Payment of Monthly Loan Instalments
Customers are informed that penal interest will be applied on overdue monthly loan instalments as follows:
- Applicability
The penal interest is applicable when a monthly instalment is not paid on the due date for all retail loan facilities, including but not limited to Housing Loans, Personal Loans and Pension Loans.
- Rate of Penal Interest
The applicable penal interest rate is 2% per annum.
The penal interest is calculated only on the overdue monthly instalment(s) after the expiry of the grace period, based on the number of completed months in arrears (one month being considered as 30 days).
- Grace Period
A grace period of 30 days is allowed from the due date of each monthly instalment.
Accordingly, no penal interest will be charged if the overdue instalment is settled within 30 days from the due date.
- Illustrations
4.1 Housing Loan
Monthly Instalment: Rs. 20,000.00
Delay: 29 days
Penal Interest = Rs. 0.00
4.2 Pension Loan
Monthly Instalment: Rs. 8,720.25
Delay: 65 days
| No. | Instalment | Delay (Days) | Calculation | Penal Interest (Rs.) |
| 1 | Most recent due instalment | 5 | Not applicable | – |
| 2 | Second most recent due instalment | 35 | 8,720.25 × 2% × 1/12 | 14.53 |
Total Penal Interest: Rs. 14.53
4.3 Personal Loan
Monthly Instalment: Rs. 23,800.50
Delay: 185 days
| No. | Instalment | Delay (Days) | Calculation | Penal Interest (Rs.) |
| 1 | Most recent due instalment | 5 | Not applicable | – |
| 2 | Second most recent due instalment | 35 | 23,800.50 × 2% × 1/12 | 39.67 |
| 3 | Third most recent due instalment | 65 | 23,800.50 × 2% × 2/12 | 79.34 |
| 4 | Fourth most recent due instalment | 95 | 23,800.50 × 2% × 3/12 | 119.00 |
| 5 | Fifth most recent due instalment | 125 | 23,800.50 × 2% × 4/12 | 158.67 |
| 6 | Sixth most recent due instalment | 155 | 23,800.50 × 2% × 5/12 | 198.34 |
Total Penal Interest: Rs. 595.02
For further information on the calculation of the penal interest applicable to your loan account, please contact your nearest National Savings Bank Branch.