Loan Interest Rates
Interest rates on schematic loans (w.e.f. 1 Mar 2024)
No. | Scheme | Effective rate (%) |
---|---|---|
1 | KBL Apna Ghar / Elite (Finance for purchase/ renovation of house) | |
a | Up to and inclusive of ₹ 7.5 crore | 8.75-10.60 |
2 | KBL Home Loan Winback Scheme | 8.60-8.85 |
3 | KBL Home Comfort - Finance for furnishing house | |
a | For Individual | 9.27-10.95 |
4 | KBL Ghar Niveshan - Finance for purchase of house site | 9.30-11.45 |
5 | KBL Home Top Up - Finance for meeting personal requirements | 9.27-10.95 |
6 | KBL Car Finance - Finance for purchase of car | |
a | New vehicles (Risk Based Interest Rates, linked CIBIL Score) | 8.98-11.36 |
b | Old vehicles | 12.11 |
c | Electric Car (Risk Based Interest Rates, linked CIBIL Score) | 8.88-11.26 |
7 | KBL Easy Ride - Finance for purchase of two wheeler | 11.68 |
8 | KBL Agri Gold Loan - Finance against security of gold ornaments for agriculture purpose) | 9.14 |
9 | KBL Salaried Persons Loan - Scheme for Financing Salaried persons | 13.43 |
10 | KBL Insta Cash - For Consumption Purposes-against NSC, LIC etc. | 10.93 |
11 | KBL MSME - Finance for Micro, small and Medium Enterprises | |
a | MSME loans | 9.68-16.18 |
12 | KBL-Mortgage : (Finance for meeting business/personal requirements) | |
a | Up to ₹ 7.5 crore | 9.93-12.93 |
13 | KBL Mortgage OD - Finance for meeting business / professional /working capital requirements | 10.43-12.93 |
14 | KBL Suvidha OD - Finance for meeting Personal requirements | 11.68 |
15 | KBL Lease N Cash - Finance for meeting credit requirement of property owners | 9.93-12.93 |
16 | KBL Mahila Udyog - Finance for Women Entrepreneur | 10.43 |
17 | KBL Ravikiran - Finance for generation of Solar power | 11.18 |
18 | KBL Vidyanidhi - Finance for education | |
For General up to ₹7.50 lakh (under CGFSEL) | ||
a | Normal | 10.48 |
b | Meritorious | 10.48 |
c | Girl Student | 10.48 |
d | Girl Meritorious | 10.48 |
For General above ₹7.50 lakh | ||
a | Normal | 11.98 |
b | Meritorious | 11.98 |
c | Girl Student | 11.98 |
d | Girl meritorious | 11.73 |
For Vocational Courses/Skill Development loans (under CGFSSD) | ||
a | Normal | 10.48 |
b | Meritorious | 10.48 |
c | Girl Student | 10.48 |
d | Girl Meritorious | 10.48 |
19 | KBL Contractor Mitra - Finance for contractors for meeting business requirements | 9.93-12.43 |
20 | KBL Agro Processing - Finance for Food and Agro processing sector | |
a | Old Vehicle | 12.68 |
b | All other Agro Processing Loans | 9.18-14.68 |
21 | General Gold Loan - Up to ₹50 lakh | 10.64 |
22 | KBL Business Quick Loan | 10.43 |
23 | KBL Micro Mitra | 10.43 |
24 | PMSVANidhi | 11.18 |
25 | KBL Kusum | 10.43-10.68 |
26 | KBL Krishi Samuday | 10.43-10.93 |
Terms and conditions apply.
- Note: Interest rates are linked to External Benchmark-based Lending Rate (EBLR) for a loan up to 5 crore (excluding KBL Apna Ghar/Elite, KBL Mortgage and KBL Mortgage OD, KBL Lease N Cash and MSME loans).
- Base rate: 12.80% (w.e.f. 1 Jan 2024)
- Fixed rate of interest for EMI (Equated Monthly Instalments) based Personal loans for individual
- Marginal Cost of Funds based Lending Rate (MCLR)
- External Benchmark based Lending Rate (EBLR)
- Interest rate range of contracted loans