Competitive Loan Rates for Your Aspirations
Empowering Mizoram with transparent financing solutions. From building your dream home to expanding your business, our flexible terms ensure your financial journey is smooth and secure.
Housing Loan
10 %
Fixed Interest Rate
Kisan Credit Card
7 %
Upto 3 lakhs
Working Capital Loan
10 %
Fixed Interest Rate
Personal Loan
12.25 %
For Salaried Personnel
Comprehensive Rate Schedule
Interest rates applicable for various loan schemes as of July 1st, 2024.
AGRICULTURE
| Loan Type/Scheme | Category/Limit | Interest Rate (p.a.) |
|---|---|---|
|
Kisan Credit Card (KCC) |
Upto Rs. 3 lakhs |
7.00 % |
|
Agriculture (Term Loan/Working Capital) |
Upto Rs. 5 lakhs |
10.00% |
|
Agriculture (Term Loan/Working Capital) |
Above Rs. 5 lakhs |
11.00% |
SMALL & MEDIUM ENTERPRISE (SME)
| Loan Type/Scheme | Category/Limit | Interest Rate (p.a.) |
|---|---|---|
|
Cash Credit/Term Loans (SBF/SSI) |
Upto Rs. 10 lakhs |
12.50 % |
|
Cash Credit/Term Loans (SBF/SSI) |
Above Rs. 10 lakhs |
13.00% |
OTHER PRIORITY SECTOR ADVANCES
| Loan Type/Scheme | Category/Limit | Interest Rate (p.a.) |
|---|---|---|
|
All Public Vehicle loans |
90% Max of Ex-showroom Price |
12.00 % |
|
Housing Salaried |
Upto Rs. 25 lakhs |
10.00% |
|
|
Above Rs. 25 lakhs (Non-Priority) |
11.00% |
|
Housing Non-Salaried |
Upto Rs. 25 lakhs |
12.00% |
|
|
Above Rs. 25 lakhs (Non-Priority) |
12.50% |
|
Education Loan |
Studies in India (Max 7.5 lakh) |
7 .00% |
|
|
Studies Abroad (Max 15 lakh) |
12 .00% |
|
NMDFC |
|
12.00% |
NON PRIORITY SECTOR ADVANCES
| Loan Type/Scheme | Category/Limit | Interest Rate (p.a.) |
|---|---|---|
|
Personal Loan |
Upto Rs. 10 lakhs |
12.25% |
|
|
Above Rs. 10 lakhs |
13.00% |
|
Festival Advance |
For Salaried Govt Employees |
12.00% |
|
Pensioner Loan |
Salaried Pensioner <75 years |
12.50% |
|
Car/Two Wheeler Loan |
For Salaried Govt Employees |
12.00% |
|
Overdraft |
|
14.00% |
|
Church Loan |
For Churches |
10.00% |
|
Loan Against Deposit/Demand Loan |
For FD Account holder |
2% above FD rate |
Terms & Conditions
• The above interest rates are effective from 01.07.2024 and are subject to change as per bank policy and RBI guidelines.
• Interest is calculated on a daily reducing balance basis unless otherwise specified.
• *Conditions apply. Final interest rate may vary based on credit score, security provided, and repayment capacity of the borrower.
• Processing fees and other incidental charges are applicable as per the bank’s schedule of charges.
Ready to start your journey?
Visit your nearest Mizoram Apex Bank branch or use our online portal to begin your application today.
