INTEREST RATES ON SCHEMATIC LOANS w.e.f. 01.03.2021
| 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 | 9.10 - 9.50 | |
| 3 | KBL-Ghar Niveshan : (Finance for purchase of house site) | 11.07 - 12.02 |
| 4 | KBL Home Top Up : (Finance for meeting personal requirements) | 9.10 - 9.50 |
| 5 | KBL-Car Finance : (Finance for purchase of car) | |
| New vehicles (Risk Based Interest Rates, linked CIBIL Score) | 8.20 - 10.25 | |
| Old vehicles | 10.25 | |
| Electric Car (Risk Based Interest Rates, linked CIBIL Score) | 8.40 - 10.25 | |
| 6 | KBL Easy Ride : (Finance for purchase of two wheeler) | 12.38 |
| 7 | KBL-Agri Gold loan : (Finance against security of gold ornaments for agriculture purpose) | 8.12 |
| 8 | KBL-Salaried Persons Loan : (Scheme for Financing Salaried persons) | 12.38 |
| 9 | KBL- Insta Cash : (For Consumption Purposes-against NSC,LIC etc) | 11.34 |
| 10 | KBL-MSME : (Finance for Micro, small and Medium Enterprises) (COVERED UNDER CGTMSE) | |
| Old Vehicles (based on risk rating of borrower) | 11.39 - 12.38 | |
| All other MSME loans | 9.34 - 12.49 | |
| 11 | KBL-Mortgage : (Finance for meeting business/personal requirements) | |
| Upto Rs. 500.00 lakh | 10.82 - 11.77 | |
| 12 | KBL-Mortgage-OD(Finance for meeting business / professional/working capital requirements) | 11.02 - 11.97 |
| 13 | KBL Suvidha-OD (Finance for meeting Personal requirements) | 12.38 |
| 14 | KBL-Lease N Cash (Finance for meeting credit requirement of property owners) | 10.22 - 11.47 |
| 15 | KBL- Mahila Udyog : (Finance for Women Entrepreneur ) | 10.19 |
| 16 | KBL-Ravikiran : (Finance for generation of Solar power) | 11.69 |
| 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) | 9.34 - 10.69 |
| 19 | KBL-Commodity Pledge Loan : (Finance for Traders/Millers against pledged agri commodities) | 10.39 |
| 20 | KBL-Agro Processing : (Finance for Food and Agro processing sector) | |
| Old Vehicle | 12.38 | |
| All other Agro Processing Loans | 9.54 - 10.34 | |
| 21 | General Gold Loan - Up to Rs. 2.00 lakh | 8.42 |
| Above Rs. 2.00 lakh to Rs. 25.00 lakh | 8.71 | |
| 22 | KBL Business Quick Loan | 9.22 |
| 23 | KBL Micro Mitra | 11.22 |
| 24 | KBL GOLD en CASH-OD | 8.67 |
| 25 | PMSVANidhi | 11.52 |
| 25 | KBL GECL | 8.96 |
*Terms & Conditions Apply
Note: Interest Rates are linked to External Benchmark based Lending Rate (EBLR) loan less than ₹ 500.00 lakhs.
Base Rate: 8.75%(w.e.f. 01.01.2021)
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
