Interest Rates

** Notes-

1. Simple Interest will be applicable up to 12 months & for incomplete quarters.
2. To get benefit of cumulative interest, Deposits be kept for 15 months, 18 months , 21 months ,24 months etc)
3. Penalty of 1% ( on applicable rate of interest ) will be charged in case of pre-mature refund and re-investment of Term Deposits.

Term loan for purchase of Fixed assets (shop/office/machinery etc )   Term loan for purchase of Fixed Assets to Professionals.	10.50 to 11.50%*
	10 to 11.00%*
For purchase of Solar roof top equipment	10.00 %
Vehicle Loans
Two wheelers	11.50%
Four wheeler (New)	8 to 9.90%* (For 3 yrs repayment 8.00 %, For 5 yrs repayment 8.25-9.90%)
Four wheeler (old)	10 to 12.00% *
Auto Rickshaw	12.50%
Commercial Vehicle (New) Up to 1.5 Cr Above 1.5 Cr	9.9-10.50 % 8.75 -10.50%
Commercial Vehicle ( Old)	12.50%
Gold Loan	10%
Personal Loans ( unsecured/Clean) up to Rs.5.00 Lacs For Travel purpose	11.00%
Salary Loans ( OD/TL) [ for Group staff where undertaking for deduction of EMI from Employer is obtained ]	12.00%
Personal Loans Others (with security)	14.00%
Personal Loans Others (No tangible security	16.00%
Rent Discounting	11.00%
Housing Loans
Housing Loans  Up to Rs.25.00 Lakh	8.25-9.25%*
Housing Loans Above Rs.25.00 Lakh	8.75-9.50%*
Over Draft to Housing Loan Account Holders 1.50 % over applicable Housing Loan rate ( Max up to Rs.5.00 lacs as per conditions mentioned in circular no TUCB/HO/2018-19/16 Dtd 12.09.2018)
Housing loans Renovation/Repairs up to Rs.10.00 lakhs)	8.75%
HOUSING TOP UPTO EXISTING HSG. LOAN AC HOLDERS 5 Years & above Regular/Standard ac ) ( Fresh- under MTL)	8.50%
Education Loans	9.50%
Micro Finance (weaker sector)	11.00%
Loan against NSC/KVP/LIC	10.00%
Easy Fee EMI Loans	12.00%
WHR Finance Loan	9.50% to 10.50%*
Loan /O D against FDR	(For All Categories) 1% over deposit rate
Staff Loans ( Tirupati Bank)
Housing /Vehicle (two & four wheeler) (simple rate)	7.00 % ( Simple)
Over draft against salary(compounding rate)	9.00% ( compounding)
Other Loans (simple rate)	9.00% ( simple rate)
Mort Term Loan to Staff (simple rate)	10.00%

Indicate ABC rating as per chart enclosed.

Notes-

Professionals include C As , CS, CWA,CFA,Doctors, Engineers ,Advocates & Architects

Revised Rates are applicable to New Loans and Renewals only.

For staff Loans, the basis of granting loans will be on repayment capacity.

All T.U.C.Bank staff loans except overdraft against salary will carry simple rate of interest

Deposits of Staff - All staff Deposits shall attract 1% more than the normal interest rate

[Ex Staff – only Retired staff , Sr Citizen & Ex Staff will get 1% more being staff and additional rate as applicable to senior citizen as per card rate above if deposit is kept for above 1 year.

Concession /rebate in interest rate in eligible cases will be granted on

the basis of credit rating policy of the Bank. (A,B C rating chart enclosed)

In case of old vehicles maximum tenure will be 36 months.

Penal interest max 2% will be applied on all overdue Term Loan & Limit accounts.

1% penal interest for low turnover will be applied on half yearly basis.

Non submission of stock statement will attract 1% penal interest.

Penalty of 1% (on applicable rate of interest) will be charged in case of pre- mature refund and re-investment of Term Deposits.