INTEREST RATES ON SCHEMATIC LOANS w.e.f. 01.05.2020
| Sl.No | SCHEME | Effective Rate (%) |
|---|---|---|
| 1 | KBL –Apna Ghar/Elite : (Finance for purchase/renovate house) | |
| Up to Rs.75.00 lakh | 8.45-9.28 | |
| Above Rs.75.00 lakh | 8.55-9.28 | |
| 2 | KBL-Home Comfort : (Finance for furnishing house) | |
| For Individual | 9.48-9.78 | |
| 3 | KBL-Ghar Niveshan : (Finance for purchase of house site) | 11.25 - 12.10 |
| 4 | KBL Home Top Up : (Finance for meeting personal requirements) | 9.48-9.78 |
| 5 | KBL-Car Finance : (Finance for purchase of car) | |
| New vehicles (Risk Based Interest Rates, linked CIBIL Score) | 8.78-10.61 | |
| Old vehicles (loan up to Rs. 20.00 lakh) | 10.61 | |
| Electric Car (Risk Based Interest Rates, linked CIBIL Score) | 8.68-10.43 | |
| 6 | KBL Easy Ride : (Finance for purchase of two wheeler) | 13.82 |
| 7 | KBL-Agri Gold loan : (Finance against security of gold ornaments for agriculture purpose) | 8.45 |
| 8 | KBL-Salaried Persons Loan : (Scheme for Financing Salaried persons) | 13.22 |
| 9 | KBL- Insta Cash : (For Consumption Purposes-against NSC,LIC etc) | 11.62 |
| 10 | KBL-MSME : (Finance for Micro, small and Medium Enterprises) (COVERED UNDER CGTMSE) | |
| Old Vehicles (based on risk rating of borrower) | 11.67-13.52 | |
| All other MSME loans | 9.72-10.77 | |
| 11 | KBL-Mortgage : (Finance for meeting business/personal requirements) | |
| Upto Rs. 500.00 lakh | 11.25-12.65 | |
| 12 | KBL-Mortgage-OD(Finance for meeting business / professional/working capital requirements) | 11.45-12.30 |
| 13 | KBL Suvidha-OD (Finance for meeting Personal requirements) | 13.82 |
| 14 | KBL-Lease N Cash (Finance for meeting credit requirement of property owners) | 10.50-11.75 |
| 15 | KBL- Mahila Udyog : (Finance for Women Entrepreneur ) | 10.47 |
| 16 | KBL-Ravikiran : (Finance for generation of Solar power) | 11.97 |
| 17 | KBL-Vidyanidhi : (Finance for Education) | |
| For General up to Rs.7.50 lakh (under CGFSEL) | ||
| a. Normal | 10.36 | |
| b. Meritorious | 10.36 | |
| c. Girl Student | 10.36 | |
| d. Girl Meritorious | 10.36 | |
| For General above Rs.7.50 lakh | ||
| a. Normal | 12.76 | |
| b. Meritorious | 12.66 | |
| c. Girl Student | 12.56 | |
| d. Girl Meritorious | 12.46 | |
| For Vocational Courses/Skill Development loans (under CGFSSD) | ||
| a. Normal | 9.86 | |
| b. Meritorious | 9.86 | |
| c. Girl Student | 9.86 | |
| d. Girl Meritorious | 9.86 | |
| 18 | KBL-Contractor Mitra : (Finance for contractors for meeting business requirements) | 10.52 |
| 19 | KBL-Commodity Pledge Loan : (Finance for Traders/Millers against pledged agri commodities) | 10.67 |
| 20 | KBL-Agro Processing : (Finance for Food and Agro processing sector) | |
| Old Vehicle | 12.97-13.77 | |
| All other Agro Processing Loans | 9.92-10.72 | |
| 21 | General Gold Loan - Up to Rs. 2.00 lakh | 8.70 |
| Above Rs. 2.00 lakh to Rs. 25.00 lakh | 9.00 |
*Terms & Conditions Apply
Note: Interest Rates are linked to External Benchmark based Lending Rate (EBLR) loan less than ₹ 500.00 lakhs.
Base Rate: 10.30%(w.e.f. 01.01.2020)
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
