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
