|
The
Meghalaya
Co-operative Apex Bank Ltd. :
|
Latest
Rate on Loans & Advances
w.e.f.
01-07-2005
A.
For
Agriculture and Allied Agriculture Lending
Operations
| Sl No |
|
Bank to Societies |
Societies to ultimate borrower |
| 1 |
Loans
upto & inclusive of Rs.50,000/- |
7.00
% |
9.00
% |
| 2 |
Loans
exceeding Rs.50,000/-
|
8.00
% |
10.00
% |
B.
For
Non-Agriculture Loans
(Other than Housing Loan)
| Sl No |
|
Interest
Rates |
| 1 |
For
loans upto & inclusive of Rs.
50,000/ |
11.00
% |
| 2 |
For loans over Rs.50,000/- to Rs. 1.00
lakhs
|
11.50
% |
| 3 |
For
loans over Rs. 1.00 lakhs to Rs. 2.00
lakhs
|
12.50
% |
| 4 |
For
loans over Rs. 2.00 lakhs
|
13.50
% |
C.
For
Housing
Loans (Other than Staff)
| Sl No |
|
Interest
Rates |
| 1 |
Loans
upto Rs.1.00 lakhs
Loans
over Rs.1.00 lakhs to Rs.2.00 lakhs |
8.50
% |
| 2 |
Loans
over Rs.2.00 lakhs
to Rs.5.00 lakhs |
9.50
% |
| 3 |
Loan
over Rs.5.00 lakhs |
10.00
% |
Affiliated
Cooperative Societies availing refinance
facilities for their members for
Non-Agriculture purposes may be provided a
margin of 2%
in the interest rates (i.e. the
Societies will be charged 2% less than the
rates prescribed at (B) above for financing
individual members.
|
