Rates and Charges on Loans

Rates and Charges on Loans


INTEREST RATES AND SERVICE CHARGES ON LOANS AND ADVANCES
Base Rate:11.20% w.e.f (01/04/2024)
MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) W.E.F. 01.08.2025
Overnight MCLR 8.80%
One Month MCLR 8.90%
Three Months MCLR 9.30%
Six Months MCLR 9.70%
One Year MCLR 10.70%

Present Repo Rate – 5.50% p.a

Repo Linked Lending Rates w.e.f. 01.07.2025

Pricing Structure of LCBD facility W.E.F. 01.08.2025
Tenor (Days) Effective Maximum Rate
D-SIB Non D-SIB
Up to 90 days 8.00 8.25
91 days to 120 days 8.25 8.40
121 days to 179 days 8.35 8.55
180 days and above 8.85 8.85
Interest Rate Range of Contracted Loans for the past quarter
RETAIL LOANS DISBURSED DURING Q1 (FY 2024-25)
Product Interest Rate Range (%) Mean
Loan Against Property 9.50 - 11.00 9.98
Housing Loan 8.75 - 11.5 9.54
Vehicle Loans 8.95 - 10.75 9.47
Education Loans 9.50 - 12.00 10.72
Unsecured Loans 10.75 - 14.99 11.63
Two Wheeler Loans 16.00 - 21.00 18.22

Processing Fee

Sl no. Nature of credit facility Rate of PF
1 Funded facilities  
  (a) Regular facilities-General (Other than those specifically mentioned below) Up to Rs 25,000/- Nil
Above Rs 25,000/- For new credit facilities and enhancement in existing working capital limits (enhanced portion): 1.00% of loan/ limit sanctioned subject to minimum Rs 250/-
Above Rs 25,000/- For renewal of existing working capital limits: 0.50% of limit sanctioned, subject to minimum Rs 250/-
  (b) Temporary enhancements/ ad-hoc facilities 0.25% of amount sanctioned without any upper ceiling
  (c) UBD (Rubber bills) Rs 100/- per lakh (subject to minimum Rs 100/-) for fresh as well as renewal.
  (d) Housing Loans Maximum 0.6% of Loan Amount (Min of Rs. 10,000/-) + GST (as per applicable)
  (e) Non funded facilities 50% of rates applicable to funded facilities

The above rates are the minimum amount of Processing Fee, unless higher amount is stipulated by the sanctioning authority and do not have any upper ceiling on the amount of PF.

Documentation Charges

Documentation charge should be collected for all fresh advances and for renewal and enhancements where fresh/additional documents are executed, at the rates given in the following schedule.


Sl. no. Nature of advance Amount of credit facility Documentation charge (Rs)
1 General- other than housing loans Above Rs 10,000/- up to Rs 1.00 lakh 100/-
2 Above Rs 1.00 lakh up to Rs.10 lakh 300/-
3 Above Rs 10 lakh 500/-

Documentation charge should be collected at the time of execution of documents.

The following categories of credit facilities are exempted from levying documentation charges:

  1. Staff loans
  2. Loans under Govt. Sponsored Schemes and DRI loans
  3. Advances against deposits, IVP, KVP, NSC, UTI units and Life Insurance Policies
  4. One-time discount of bills, cheques, DDs and other instruments.
  5. Gold Loans (Ordinary & Agriculture)

Ledger Folio Charges

Particulars Folio Charges
Savings Bank Accounts Free
Current/OD Accounts Average Monthly Balance (AMB) in the Account Charges per folio consumed
Credit Balance up to Rs. 50,000 Rs. 50 + Tax
Credit Balance above Rs. 50,000 & up to Rs. 1 lakh Rs. 25 + Tax
Credit Balance above Rs.1 lakh Free
OD Accounts/ Accounts withe Debit balance Rs. 50 + Tax
Folio charges will be debited at the end of the respective quarter
Minimum folio charges for the first two categories of accounts- Rs. 50 per quarter
Note: 40 customer transactions constitute one folio

Service Charges for Advance Accounts

Service Charges should be levied at the rates specified in the schedule below on all advance accounts except the following:

  1. Loans against deposits, Gold Loans (Ordinary & Agriculture) and all staff loans
  2. Advances to Weaker Sections under Govt. Sponsored Schemes and DRI loans
  3. Recalled, Suit Filed, Decreed Debt and Revenue Recovery Initiated accounts

Rate of service charges (Rs per account per annum):

Credit Limit (Rs) Service charge (In Rs) Credit Limit (Rs) Service charge (In Rs)
Upto 25000 10 Above 10 lakh to 25 lakh 250
Above 25000 to 2 lakh 25 Above 25 lakh to 50 lakh 500
Above 2 lakh to 3 lakh 75 Above 50 lakh to 75 lakh 750
Above 3 lakh to 5 lakh 125 Above 75 lakh to 1 crore 1000
Above 5 lakh to 10 lakh 175 Above 1 crore 2000

Service charges are being debited by CBS automatically at quarterly intervals

In the case of housing loans, additional service charge @ Rs 100/- per Rs 1.00 lakh of loan amount should be collected at the time of disbursal.

Service tax etc: - Service tax, Swachh Bharat Cess and all other applicable taxes and levies should be collected, at the appropriate rates (currently 14.50%) on the amount charged as PF, documentation charges and service charges.

Stock Audit Fee

  • Advance of Rs.1 Crore and above upto Rs.2 Crores. Rs.2000/- + Service Tax.
  • Above Rs.2 Crores and upto Rs.3 Crores. Rs.3000/- + Service Tax
  • Above Rs.3 Crores and upto Rs.4 Crores. Rs.4000/- + Service Tax
  • Above Rs.4 Crores. Rs.5000/- + Service Tax

Commission on Bank Guarantee

Nature of BG Rate of Commission
Cash margin - less than 100% Cash margin - 100% or more
Performance Guarantee Rs 100/- plus 2% p.a. or part thereof Rs 100/- plus 0.50% p.a. or part thereof
Other than Performance Guarantee Rs 100/- plus 3% p.a. or part thereof Rs 100/- plus 0.75% p.a. or part thereof

Valuation Expenses and Inspection charges are also being levied for advances at actuals.

MSME Small Business Loan Rates & Charges

MSME Small Business Loan Rates & Charges
Rate of Interest range Repo rate + Spread (4.50% to 12.85%)
Processing Fees No processing fee for Loans up to Rs. 5 Lakhs

Secured Loans : 2.0% of Loan Amount for Rs. 10.01 Lakhs and above
Issuance of duplicate interest & Principal certificate Rs. 250 per instance
Issuance of duplicate no due certificate/ NOC Rs. 250 per instance
Cheque Swapping Charges Rs. 250 per instance
Bounce Charges Rs. 500 ( Secured) | Rs. 300 ( Unsecured) Per Instance
Charges for CIBIL Report Rs. 50 per instance
Documentation Fees Rs. 5,000 | Rs. 7,500 | Rs. 10,000
(up to 1.5 Lakhs) | (>1.5 Lakhs to 2.5 Lakhs) | (>2.5 Lakhs to 5 Lakhs)
* Additional taxes applicable

Gold Loan Charges

Category of Loan Processing Fee Appraisal & Service Charges Stationery /Commitment Charges Forclosure Charges
General Gold Loans
  • Upto Rs.25 L - 0.50%, Max Rs.7500/-
  • Above 25 L to Rs.50 L - 0.50%, Max -Rs.10,000/-
  • Above 50 L - 0.50%, Max - Rs.15,000/-
    		•
  • Upto Rs. 1 Lakhs - Rs.100/- + GST
  • Above Rs. 1 Lakhs to Rs.5 Lakhs - Rs.200/- + GST
  • Above Rs 5 Lakhs to Rs 15 Lakhs – Rs 300/- + GST
  • Above Rs 15 Lakhs to Rs 25 Lakhs – Rs 500/- + GST
  • Above Rs 25 Lakhs – Rs 750 + GST
    		•  NA
  • Upto 1 Lakhs - Rs.250/-+ GST
  • Above 1 Lakhs to 2 Lakhs - Rs.350/-+ GST.
  • Above 2 Lakhs to 5 Lakhs - Rs.750/- + GST
  • Above 5 Lakhs - Rs.1000/- + GST
    		•
    Agriculture Loans
  • Upto Rs.10 L - 0.75% (No Capping)
  • Above Rs. 10 L to 15 L – 0.75%, Max Rs. 9000/-
  • Above Rs. 15 L to 25 L – 0.75%, Max Rs. 12000/-
  • Above 25 L to Rs.50 L - 0.75%, Max - Rs.15,000/-
  • Above 50 L - 0.75%, Max - Rs.25,000/-
    		•  Stationery Charges
    Rs. 15 + GST, depending on the product type
    Overdraft Loans - Akshaya Gold Credit Line
  • Upto Rs.5 Lakhs - 0.50% + GST
  • Above Rs.5 Lakhs - 0.25% + GST
    		•  0.10% of the amount pledged, subject to maximum of Rs.750/- +GST Commitment Charges
    0.50% of the un availed limit, if average annual utilization is less than 50% + GST
    Overdraft Loans - Kanakadhara Gold Overdraft 0.25% of the limit Release Charge: Rs.15/- per packet Commitment Charges 0.50% of the un availed limit, if average annual utilization is less than 50% + GST
    Stationery Charges
    Rs. 20/- + GST    		 NA

    Note:

    1. Tax (Goods & Service Tax/ Other Tax/Cess) would be in addition to the charges mentioned in table above
    2. Charges related to recovery/auction/Legal will be taken based on actuals incurred and will be collected in addition to the above mentioned
    3. In case of Overdraft Loans, Cash Levy/Cash Handling/Folio Charge as applicable to other loans will be applicable for Overdraft Gold Loans as well.

    Personal Charges

    Interest rates for Personal Loans

    Product Rate of Interest disbursed Apr'24 - June'24 Mean Rate
    Min ROI Max ROI
    Personal loan 10.75% 14.99% 11.44%

    Details of Charges

    Personal loans  
    Processing Fee Charges upto 2%
    Penal Interest @ 24% per annum, 2% per month
    Instruction/Instrument Return charges Rs 500/- per Instance of dishonour of Cheque/ S1/ECS/NACH debit instruction + GST (As applicable)
    Cheque/lnstrumentSwapcharges Rs 500/- + GST(As applicable) per instance
    Duplicate Statement Issuance charges Rs 250/- + GST(As applicable) per instance
    Duplicate Interest certificate (provisional/Actual) issuance charges Rs 250/- per instance per set + GST (As applicable)
    Duplicate Amortization schedule issuance charges Rs 250/- + GST(As applicable) per instance
    Credit lnformatlon Companles (CIC's) Rs 50/- + GST (As appllcable) per documents
    Report lssuance Charges
    Stamp duty charges As per State Stamp Act
    Charges for subsequent set of Photocopy of loan Rs 250/- + GST(As applicable) per instance
    agreement/documents where requested by Borrower
       
    Foreclosure/ Part prepayment charges  
    Completed Tenure FC Normal %
    < 9month Not Allowed
    9 to 12 Months 5%
    12 to 24 Months 4%
    24 to 36 Months 3%
    > 36 Months 2%
    * Plus applicable Gov Taxes(Currently GST)  
    Foreclosure charges will be charge on outstanding  
    Partpayment charges will be charge on the amount of pre- part payment  
    Good and Service Tax (GST) will be chargesd extra as per the applicable rates, on all the charges and fees ( Whenever GST is applicable)

    Note:

    1. It includes various category, loan amount, customer relationship and etc.
    2. Weighted Mean rate : sum of rate Interest of all loans/Sum of all loan amount cases.

    Education Loan Charges

    Details of Charges

    Education loans  
    Processing Fee Charges upto 2%
    Penal Interest @ 24% per annum, 2% per month
    Instruction/Instrument Return charges Rs 500/- per Instance of dishonour of Cheque/ S1/ECS/NACH debit instruction + GST (As applicable)
    Cheque/lnstrumentSwapcharges Rs 500/- + GST(As applicable) per instance
    Duplicate Statement Issuance charges Rs 250/- + GST(As applicable) per instance
    Duplicate Interest certificate (provisional/Actual) issuance charges Rs 250/- per instance per set + GST (As applicable)
    Duplicate Amortization schedule issuance charges Rs 250/- + GST(As applicable) per instance
    Credit lnformatlon Companles (CIC's) Rs 50/- + GST (As appllcable) per documents
    Report lssuance Charges
    Stamp duty charges As per State Stamp Act
    Charges for subsequent set of Photocopy of loan Rs 250/- + GST(As applicable) per instance
    agreement/documents where requested by Borrower
       
    Good and Service Tax (GST) will be chargesd extra as per the applicable rates, on all the charges and fees ( Whenever GST is applicable)

    Education loan - Interest rate (floating)

    Education loan
    Category Repo rate Spread Effective Rate of Interest *
    CSB Vidya 5.50% 6.63% 12.13%
    CSB Study Abroad 5.50% 6.63% 12.13%
    CSB Excellence 5.50% 6.63% 12.13%
    1. ROI is Repo Linked Lending Rate and current Repo rate is 5.50%
    2. Frequency of Repo Linked Lending Rate changes: every 3 month or as determine by bank, whichever comes first.
    3. The bank reserve the right to modify the margin over the Repo rate
    4. This margin may change during loan tenure.

    Agri Loans

    Category of Loan Processing Fee Interest Rate range (%) Mean
    CBKK/KCC
  • Nil processing fee for loans upto Rs. 3 lakh
  • 1% of the limit for Fresh/Enhancement, 0.25% of the limit for review, 0.5% of the limit for Renewal (Plus applicable GST)
    		•  8.50 to 14.10 12.24
    Ancillary Loans
  • 1% of the limit for Fresh/Enhancement, 0.5% of the limit for renewal
  • (Plus applicable GST)
    		•  10 to 12 10.43
    CSB Kisan Mithra
  • 1% of the limit for Fresh/Enhancement, 0.5% of the limit for renewal
  • (Plus applicable GST)
    		•  - -
    CSB Farm Mechanization
  • 2% of the limit plus applicable tax (For Mortgage Cases)
  • 1% of the limit plus applicable tax (For Non Mortgage Cases)
    		•  - -
    Pledge against Warehouse Receipts 0.25% + GST of sanctioned limit or 0.35% + GST on Disbursed amount at
    every tranche of disbursement    		 -  
    CSB Dealer Bill Discounting 1% of the limit for Fresh/Enhancement, 0.5% of the limit for renewal
    (Plus applicable GST)    		 - -
    Agri Bill Discounting 1% of the limit for Fresh/Enhancement, 0.5% of the limit for renewal
    (Plus applicable GST)    		 - -
    Agri OD against FD - 5.25 to 8.75 8.12

    Two Wheeler Loans

    Two Wheeler Loans Fees & Charges
    Interest Rate Range (%) 13% - 25%; Mean – 19.65%
    Processing Fee Up to 3.5% of the loan amount
    Documentation Charges Rs.500
    Stamp Charges Charges as defined by each state from time to time
    PDD collection Charges Nil
    Cheque Bouncing/EMI return Charges Rs.500
    EMI Penal Charges 2% per month on the overdue EMI
    Cheque/NACH swapping Charges Rs.500
    Duplicate Amortization Schedule Charges Rs.200
    NOC Issuance Charges 1st Nil; Duplicate/Special NOC – Rs.500
    Foreclosure Charges Within 12 months from 1st EMI – 2% of principal outstanding
    Within 13-24 months from 1st EMI – 1% of principal outstanding
    Post 24 months – Nil
    Statement Charges (per statement) Nil
    Loan Rebooking/Rescheduling Charges Rs.1,000
    Loan Cancellation Charges Up to 30 days of Disbursement- Rs.500
    30 days to 90 days – additional 18% per annum or Rs.500 whichever is higher
    Above 90 days- would be treated as loan fore closure
    CIBIL Charges (Only On Request) Rs.50
    Legal/Collections/Repossession and Incidental Charges As per actuals
    * Additional taxes applicable

    Home Loan Charges

    Type of Charges Home Loans Charges
    Housing Loans Maximum 0.6% of Loan Amount (Min of Rs. 10,000/-) + GST (as per applicable)
    Part Payment Charges Nil Charges.
    Applicable for floating rate term loan availed by Individual borrowers for end use other than business purpose.
    Pre Mature Loan Closure Charges Nil Charges.
    Applicable for floating rate term loan availed by Individual borrowers for end use other than business purpose.
    CERSAI Charges
    (Non-refundable charges under Central Registry of Securitization Asset Reconstruction and Security Interest of India)    		 Rs. 100/+ GST for each property.
    S.No Parameters Interest Rate of Contracted Loans Annual Percentage Rate (APR)
    Minimum % Maximum % Mean % Minimum % Maximum % Mean %
    1 Housing Loan 8.75% 11.5% 9.54% 8.75% 11.5% 9.54%
    Net Banking
    Mobile Banking
    E-Passbook