Advance Interest Rate (w.e.f – 01.05.2025)
|
Type of Loan |
Interest Rate |
||
|
Business Loan |
|
||
|
Machinery Term Loan [Rating Module] |
|||
|
SPCB - 1 |
8.90 |
||
|
SPCB - 2 |
9.05 |
||
|
SPCB - 3 |
9.20 |
||
|
SPCB - 4 |
9.35 |
||
|
SPCB - 5 |
9.45 |
||
|
SPCB - 6 |
9.65 |
||
|
SPCB - 7 |
9.90 |
||
|
SPCB - 8 |
10.15 |
||
|
SPCB - 9 |
10.65 |
||
|
SPCB - 10 |
11.15 |
||
| Machinery Term Loan [Non Rating Module] |
9.95 |
||
|
Vasudhara Udhyog Machinery Vikas Yojna |
9.50 |
||
|
Mortgage Term Loan – Purchase / Construction of Property Non Individual |
10.00 |
||
|
Mortgage Term Loan – Purchase / Construction of Property Individual |
|||
|
SPCB - 1 |
09.75 |
||
|
SPCB - 2 |
10.00 |
||
|
SPCB - 3 |
10.25 |
||
|
SPCB - 4 |
10.50 |
||
|
SPCB - 5 |
10.75 |
||
|
SPCB - 6 |
11.00 |
||
|
Cash Credit (OD against Stock / Book Debts) [Rating Module] |
|||
|
SPCB - 1 |
9.10 |
||
|
SPCB - 2 |
9.25 |
||
|
SPCB - 3 |
9.40 |
||
|
SPCB - 4 |
9.55 |
||
|
SPCB - 5 |
9.65 |
||
|
SPCB - 6 |
9.85 |
||
|
SPCB - 7 |
10.10 |
||
|
SPCB - 8 |
10.35 |
||
|
SPCB - 9 |
10.85 |
||
|
SPCB - 10 |
11.35 |
||
| Cash Credit (OD against Stock / Book Debts) [Non Rating Module] |
10.15 |
||
|
Mortgage OD / WCTL |
10.40 |
||
|
Vasudhar Small Trader's Loan Schemes |
9.60 |
||
|
Machinery OD / WCTL |
11.90 |
||
|
WCTL – Stock Book Debts |
12.25 |
||
|
LC / Biils Disc |
12.00 |
||
|
Rent Discounting Scheme |
10.25 |
||
|
Project Finance (Floating) |
12.00 |
||
|
SPB Green Energy Scheme (Solar ,Wind Power ,Bio gas Power Generation) (Existing Customer) |
9.00 |
||
|
SPB Green Energy Scheme (Solar ,Wind Power ,Bio gas Power Generation) (Existing Customer)partnering with PAHAL SOLAR |
8.75 |
||
|
SPB Green Energy Scheme (New Customer) |
9.25 |
||
|
SPB Green Energy Scheme (New Customer)partnering with PAHAL SOLAR |
9.00 |
||
|
PL – Mortgage |
11.50 |
||
|
Surety / Travel |
13.50 |
||
|
Loan / OD against Govt Sec / NSC / KVP/ Life Insurance Policy(Floating) |
8.00 |
||
|
Loan / OD against Govt Sec / NSC / KVP/ Life Insurance Policy[Fixed Rate] |
9.50 |
||
|
Education Loan (Floating) |
Priority Sector Upto ₹ 20 Lakhs | Non Priority Sector Above ₹ 20 Lakhs | |
|
SPCB – 1 |
8.50 |
8.75 | |
|
SPCB – 2 |
8.75 |
9.00 | |
|
SPCB – 3 |
9.00 |
9.25 | |
|
SPCB – 4 |
9.25 |
9.50 | |
|
SPCB – 5 |
9.50 |
9.75 | |
|
SPCB – 6 |
9.75 |
10.00 | |
|
Education Loan [Non Rating Module] (Floating) |
9.25 |
||
|
Education Loan [Fixed Rate] |
9.50 |
||
|
Vasudhara Awas Yojana(Floating) |
Priority Sector |
Non Priority Sector | |
|
SPCB-1 |
8.00 |
8.25 | |
| SPCB-2 | 8.25 | 8.50 | |
| SPCB-3 | 8.50 | 8.75 | |
| SPCB-4 | 8.75 | 9.00 | |
| SPCB-5 | 9.00 | 9.25 | |
| SPCB-6 | 9.50 | 9.75 | |
| Priority Sector:- Loans upto ₹ 35 lakh in metropolitan centres (with population of 10 lakh and above) and up to ₹ 25 lakh in other centres for purchase / construction of dwelling unit per family provided the overall cost of the dwelling unit in the metropolitan centre and at other centre does not exceed ₹ 45 lakh and ₹ 30 lakh respectively. | |||
|
W.E.F 01.11.2025 HOME LOAN |
|||
|
CIBIL Score |
Rate | ||
|
850 |
7.40% | ||
|
825 & Above |
7.45% | ||
|
800 to 824 |
7.50% | ||
|
775 to 799 |
7.55% | ||
|
750 to 774 |
8.00% | ||
| 725 to 749 | 8.15% | ||
| 700 to 724 | 8.25% | ||
|
Vasudhara Awas Yojana [Non Rating Module] (Floating) |
9.00 |
||
|
Vasudhara Awas Yojana [Fixed Rate] |
9.25 |
||
|
TOPUP Loan |
1% More Than Existing Housing Loan Rate |
||
|
Professional Loan (For Doctor) |
|
||
|
For Equipments |
08.50 |
||
|
For Clinic / Hospital / Office |
08.50 |
||
|
|
|
||
|
Gold Loan (Maximum Rs 2.00 Lakh) |
10.00 |
||
|
HP / Consumption (Floating) |
|||
|
SPCB - 1 |
08.75 |
||
|
SPCB - 2 |
09.25 |
||
|
SPCB - 3 |
09.75 |
||
|
SPCB - 4 |
10.50 |
||
|
SPCB - 5 |
11.00 |
||
|
SPCB - 6 |
11.50 |
||
|
SPCB - 7 |
11.75 |
||
|
HP / Consumption (Fixed Rate) |
11.25 |
||
|
Purchase of 2 Wheeler (Floating) |
|
||
|
SPCB - 1 |
8.50 |
||
|
SPCB - 2 |
9.00 |
||
|
SPCB - 3 |
9.50 |
||
|
SPCB - 4 |
10.00 |
||
|
SPCB - 5 |
10.50 |
||
|
SPCB - 6 |
10.75 |
||
|
SPCB - 7 |
11.00 |
||
|
Purchase of 2 Wheeler [Non Rating Module] (Floating) |
13.00 |
||
|
Purchase of 2 Wheeler (Fixed Rate) |
10.50 |
||
|
W.E.F 17.07.2026 |
|||
|
CIBIL |
ROI |
||
|
Above 700 |
8.50(All Vehicale) |
||
|
Purchase of 4 Wheeler (Non Commercial) (Floating) |
|
||
|
SPCB - 1 |
8.00 |
||
|
SPCB - 2 |
8.25 |
||
|
SPCB - 3 |
8.50 |
||
|
SPCB - 4 |
8.75 |
||
|
SPCB - 5 |
9.00 |
||
|
SPCB - 6 |
9.25 |
||
|
SPCB - 7 |
9.75 |
||
|
Purchase of 4 Wheeler (Non Commercial) [Non Rating Module] (Floating) |
9.00 |
||
|
Purchase of 4 Wheeler (Fixed Rate) |
9.50 |
||
| W.E.F 24.09.2025 | |||
|
CIBIL |
ROI |
||
|
Above 700 |
8.00% (Petrol,Disel,CNG) |
||
|
7.50% (EV) |
|||
|
Purchase of Vehicle ( Commercial) |
10.00 |
||
|
Shares OD (Floating) |
8.75 |
||
|
Shares OD (Fixed Rate) |
9.50 |
||
|
Advance against Bank Term Deposit |
1% more than Bank Term Deposit rate |
||
|
TOD & Cheques passed against Clearing (Current Accounts) (w.e.f – 30/12/2025) |
14.00 |
||
|
Exceed & cheques passed against Clearing (CC/OD Accounts) – 01/01/2023 |
14.00 |
||
W.E.F 30.12.2025 |
|||
| Up to 30 Days | 14% | ||
| Up to 60 Days | 16% | ||
|
Above 60 Days |
18% |
||
|
Credit guarantee Trust For Micro and Small Enterprise (CGTMSE) for Existing |
10.00 |
||
|
CIC SCORE AS PER RATING |
|
||
|
600 OR LESS B |
12.00 |
||
|
601 TO 650 B+ |
11.50 |
||
|
651 TO 700 A |
11.00 |
||
|
701 & ABOVE A+ |
10.50 |
||
|
Weaker Section Scheme |
|||
|
Machinary Term Loan |
8.15 |
||
|
Cash Credit |
8.25 |
||
|
Mort. OD/WCTL |
8.35 |
||
|
Small Value Loan (Upto Rs 3.00 Crore on single CIF) |
|||
|
Up to Rs 1.00 crore |
8.40 |
||
|
Above Rs 1.00 Crore to Rs. 2.00 crore |
8.45 |
||
|
Above Rs 2.00 Crore to Rs. 3.00 crore |
8.50 |
||
Notes :
1) Overdue Interest will be charged 2% extra on all Advances including Term Loan.
2) Advances against Term Deposit to third party will be charged as per above rates (purpose wise) or 1 % extra of the Term Deposit whichever is higher.
3) Conversion Charges to Rating based Lending rate is to be recovered on CIF basis for Multiple accounts of Machinery / TUF Term Loan & Cash Credit Account.
4) SPCB-1 Rating applicable to those Machinery Loan and CC Limit which are Switch over from the other Bank and after review at the end of the one year New Rating will be apply.
5) Under project finance advance given by Bank, out of total units, for minimum 50% units, a purchaser of units has to obtain sanction & disburse loan from our bank then only the rebate of 0.50% must be given.
- 2026-07-15
Kindly visit recruitment link - 2023-03-06
Pandesara Brach going to shift-which is currently located at Ground Floor, Vrajlal Dhamanwala Service Complex, GIDC, Pandesara, Surat 395010 will be shifted to new premises at Plot No.69-71, Ground Floor, Shri Ram Estate, Pramukh Park, Pandesara, Bhedwad, Surat 394221 shortly. - 2022-03-29
Concept of overdue sma and npa classification and upgradation as per rbi guidelines - 2021-08-05
Card Control / Limit Control through Mobile BankingNow customer can control of their Rupay Debit Card ATM / POS / Ecom Channel and Limit through Mobile Banking. - 2021-08-03
Ring Road Branch going to shift
Ring Road Branch which is currently located at “First Floor, B-Wing, Millennium Textiles Market, Ring Road, Surat 395002 will be shifted at new premises “ Ground Floor, WTC Building, Market Exchange, BSNL, B/S Millennium Textile Market, Ring Road, Surat 395002 ” shortly. All customers of Ring Road Branch are requested to take a note of it. - 2020-10-06
Introduce ATM Debit Card Channel Control through SMS - 2020-08-27
Udyam Registration Notice - 2020-02-01
SPCB RuPay Debit card POS / Ecom Limit increased - 2019-09-01
Surat Peoples Bank never sends Email/SMS or Calls you over phone to get your personal detail, Password or OTP. Any such communication is an attempt to CHEAT YOU - 2018-06-01
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day issued in the interest of investors. - 2018-04-02
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary - 2018-04-02
BE AWARE OF FAKE RECRUITMENT ADVERTISEMENTS
