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Loan Rates

INTEREST RATES ON SCHEMATIC LOANS w.e.f. 01.11.2020

Sl.No SCHEME Effective Rate (%)
1 KBL –Apna Ghar/Elite : (Finance for purchase/renovate house)  
  Up to Rs.75.00 lakh 8.08 - 8.85
  Above Rs.75.00 lakh 8.08 - 8.85
2 KBL-Home Comfort : (Finance for furnishing house)  
  For Individual 9.08 - 9.48
3 KBL-Ghar Niveshan : (Finance for purchase of house site) 10.80 - 12.00
4 KBL Home Top Up : (Finance for meeting personal requirements) 9.08 - 9.48
5 KBL-Car Finance : (Finance for purchase of car)  
  New vehicles (Risk Based Interest Rates, linked CIBIL Score) 8.50 - 10.39
  Old vehicles 10.39
  Electric Car (Risk Based Interest Rates, linked CIBIL Score) 8.40 - 10.25
6 KBL Easy Ride : (Finance for purchase of two wheeler) 12.37
7 KBL-Agri Gold loan : (Finance against security of gold ornaments for agriculture purpose) 8.10
8 KBL-Salaried Persons Loan : (Scheme for Financing Salaried persons) 12.37
9 KBL- Insta Cash : (For Consumption Purposes-against NSC,LIC etc) 11.32
10 KBL-MSME : (Finance for Micro, small and Medium Enterprises) (COVERED UNDER CGTMSE)  
  Old Vehicles (based on risk rating of borrower) 11.37 - 12.37
  All other MSME loans 9.32 - 10.47
11 KBL-Mortgage : (Finance for meeting business/personal requirements)  
  Upto Rs. 500.00 lakh 10.80 - 11.75
12 KBL-Mortgage-OD(Finance for meeting business / professional/working capital requirements) 11.00 - 11.95
13 KBL Suvidha-OD (Finance for meeting Personal requirements) 12.37
14 KBL-Lease N Cash (Finance for meeting credit requirement of property owners) 10.20 - 11.45
15 KBL- Mahila Udyog : (Finance for Women Entrepreneur ) 10.17
16 KBL-Ravikiran : (Finance for generation of Solar power) 11.67
17 KBL-Vidyanidhi : (Finance for Education)  
  For General up to Rs.7.50 lakh (under CGFSEL)  
  a. Normal 9.85
  b. Meritorious 9.85
  c. Girl Student 9.85
  d. Girl Meritorious 9.85
  For General above Rs.7.50 lakh  
  a. Normal 12.25
b. Meritorious 12.25
c. Girl Student 12.25
d. Girl Meritorious 12.19
  For Vocational Courses/Skill Development loans (under CGFSSD)  
a. Normal 9.35
b. Meritorious 9.35
c. Girl Student 9.35
d. Girl Meritorious 9.35
18 KBL-Contractor Mitra : (Finance for contractors for meeting business requirements) 9.32 - 10.67
19 KBL-Commodity Pledge Loan : (Finance for Traders/Millers against pledged agri commodities) 10.37
20 KBL-Agro Processing : (Finance for Food and Agro processing sector)  
  Old Vehicle 12.37
  All other Agro Processing Loans 9.52 - 10.32
21 General Gold Loan - Up to Rs. 2.00 lakh 8.40
  Above Rs. 2.00 lakh to Rs. 25.00 lakh 8.70
22 KBL Business Quick Loan 9.20
23 KBL Micro Mitra 11.20

*Terms & Conditions Apply

 

Note: Interest Rates are linked to External Benchmark based Lending Rate (EBLR) loan less than ₹ 500.00 lakhs.

 

Base Rate: 9.25%(w.e.f. 01.07.2020)

Marginal Cost of Funds based Lending Rate (MCLR) Know more

INTEREST RATE RANGE OF CONTRACTED LOANS Know more

Annual Percentage Rate (APR) on Retail loans to Individual Borrowers Know more