Interest Rate on Loans and Advances for 2014-2015
Rate of Interest for Other Advances (i.e. advances in connection with marriage, illness, etc. and advances for other purposes) including passage advance is 5.5% per annum.
Published (updated: ) in Finance. Tags: Housing Loan, Loans and Advances.
Update: Interest Rate on Loans and Advances for 2015-2016
Government of West Bengal
No. 64-F.B. Kolkata, the 21st April, 2015
From: Anurag Srivagtava, I.A.S.
Government of West Bengal.
To: The Accountant General (A&E), West Bengal,
(Book II Section), Treasury Buildings, Kolkata -700 001.
Sub: Rates of interest on loans and advances to Government Servants, etc. for the year 2014-2015
In continuation of this Deptt. Order No. 179-F.B. dated the 22nd May, 2014, I am directed to say that the Governor has been pleased to fix the following rates of interest on loans taken by Government Servants during the year 2014-15 as follows:
|1. House Building Advances Rate of Interest per annum||Rate of Interest per annum|
|(i) Up to Rs. 50,000/-||6%|
|(ii) Up to Rs. 1,50,000/-||7.5%|
|(iii) Up to Rs. 5,00,000/-||9%|
|(iv) Up to Rs. 7,50,000/-||9.5%|
|2. Advance for purchase of Motor Car||11.5%|
|3. Advance for purchase of conveyance other than Motor Car (Viz. Motor Cycle, Scooter & Moped)||9%|
|4. Advance to Officers of All India Services/ State Services for purchase of Personal Computer||11.5%|
|5. Advance for purchase of Other Conveyances (Other than item 2 & 3)||6%|
|6. Other Advances (i.e. advances in connection with marriage, illness, etc. and advances for other purposes) including passage advance||5.5%|
Sd/- Anurag Srivastava
No. 64-FB dated 21.04.2015, Source