The Malad Sahakari Bank Limited
Building Trust Through Cooperative Banking Since 1976
The Malad Sahakari Bank Limited
Building Trust Through Cooperative Banking Since 1976
| Sr.No. | Nature of Facility / Advance | Existing Rate | Revised Rate |
|---|---|---|---|
| 1 |
Cash Credit - Operative [GL-21] - Inoperative |
12.00% 13.00% |
11.00% w.e.f 01.08.2021 12.00% w.e.f 01.08.2021 |
| 2 | Secured Term Loan for the Purpose of business or for acquiring Fixed assets [GL-1006] | 12.00% | 11.00% w.e.f 01.08.2021 |
| 3 | Secured Term Loan for the Purpose of Room Repairing / Renovation [GL-1004] | 12.00% | 11.00% w.e.f 01.08.2021 |
| 4 | Term Loan availed for Revenue Expenses i.e. Repayment of Debts / Marriage [GL-] | 15.00% | 14.00% w.e.f 01.08.2021 |
| 5 | Term Loan / Overdraft agst. Mortgage of Property to Builders / Developers for commercial real estate [GL-1005 & 27] | 16.50% | 16.50% |
| 6 |
Overdraft Agst. Mortgage of Property for business
purpose [GL-27] - Operative - Inoperative |
12.00% 13.00% |
11.00% w.e.f 01.08.2021 12.00% w.e.f 01.08.2021 |
| 7 | Unsecured Loan (including personal loans u/s 49 of MCS Act.) | 16.50% | 16.50% |
| 8 | Gold Loan [GL-11] | 10.00% w.e.f 07.07.2020 | 9.00% w.e.f 01.08.2021 |
| 9 | Gold Loan (Only if 60% being availed against the Gold Base Value) - Special Rate | 9.00% w.e.f. 07.07.2020 | 8.00% w.e.f 01.08.2021 |
| 10 | Vehicle Loan - Private Vehicle [GL-1007] | 10.50% | 10.50% |
| 11 | Vehicle Loan - Comm. Vehicle [GL-1008] | 15.00% | 15.00% |
| 12 | Vehicle Loan for Passenger Vehicle (Cars Only) [GL-1039] | 11.00% | 11.00% |
| 13 | Housing Loan upto Rs.25.00 Lakhs (for Existing Home Loan) [GL-1003] | 11.00% | 10.00% w.e.f 01.08.2021 |
| 14 | Swapnasiddhi Housing Loan [GL-1040] | 10.50% | 9.50% w.e.f 01.08.2021 |
| 15 | Housing Loan upto Rs.25.00 Lakhs (for Existing Home Loans) [GL-1041] | 9.50% | 8.50% w.e.f 01.08.2021 |
| 16 | Housing Loan above Rs.25.00 Lakhs [GL-1042] | 10.50% | 10.50% |
| 17(a) | Advance when granted to Depositor himself/herself for purpose of Education | For Agst Dep Loans above Rs.50 lacs, 0.50% above the rate allowed on deposit | For Agst Dep Loans above Rs.50 lacs, 0.50% above the rate allowed on deposit |
| 17(b) | Advance when granted to Depositor himself/herself for any other purpose other than Education | For Agst Dep Loans above Rs.50 lacs, 0.75% above the rate allowed on deposit | For Agst Dep Loans above Rs.50 lacs, 0.75% above the rate allowed on deposit |
| 17(c) | Advance when granted to Depositor himself/herself for any other purpose including Education | For Agst Dep Loans upto Rs.50 lacs, 1% above the rate allowed on deposit | For Agst Dep Loans upto Rs.50 lacs, 1% above the rate allowed on deposit |
| 18 | Loan / Overdraft against Third Party term deposits | 2% above the deposit rate | 2% above the deposit rate |
| 19 | Advance through Auto Agents [GL-1043] | 11.00% - w.e.f 01.06.2017 | 11.00% - w.e.f 01.06.2017 |
| 20 | Advance fully secured against Govt. securities. (Face Value of NSC) | 12.00% | 11.00% w.e.f 01.08.2021 |
| 21 | Advance fully secured against Govt. securities. (NSC & Surrender Value of LIC) | 10.00% w.e.f. 07.07.2020 | 9.00% - w.e.f 01.08.2021 |
| 22 | Demand Loan / TOD | 19.00% | 19.00% |
| 23 | Vidya Loan [GL-1011] | 11.00% | 11.00% w.e.f 27.12.2019 |
| 24 |
Auto Rickshaw Loan - Individuals - GL-1045 Single Women / Applicant as Women - GL-1024 |
11.00% | 11.00% |
| 25 | Housing Loan upto Rs.25.00 Lakhs - (For Women Borrowers) - From 01.08.2018 [GL-1024] | 9.00% w.e.f 01.08.2018 | 8.00% w.e.f 01.08.2021 |
| 26 | Housing Loan above Rs.25.00 Lakhs - (For Women Borrowers) - From 01.08.2018 [GL-1024] | 10.00% | 10.00% |
| 27 | Overdraft - Shop Owners Finance - GL-30 | 14.00% | 13.00% w.e.f 01.08.2021 |
| 28 | Term Loan - Shop Owners Finance - GL-1046 | 14.00% | 13.00% w.e.f 01.08.2021 |
| 29 | Mahila Samruddhi Yojana | 11.00% | 11.00% |
| 30 | MSBL Pharma Plus | - | 10.00% w.e.f 01.08.2021 |