
Krishna Bhima Samruddhi Local Area Bank Ltd is registered with DICGC

DICGC website

Revised Interest Rates on Loans & Advances with MCLR effect from August1st, 2023 (MCLR @14%)
Sr. No | Product Name | Existing Rate of Interest | Revised Rate of Interest | Notation to be mentioned in the Loan documents and agreements |
---|---|---|---|---|
1 | Agri and Agri. Allied - Crop, AGI and AGA Dairy and Non Dairy | |||
i) | Up to Rs.25,000/- | 24% | 22% | 8.00% above the MCLR and the effective rate will be 22% |
ii) | Above Rs.25,000/- up to Rs.50,000/- | 21% | 20% | 6.00% above the MCLR and the effective rate will be 20% |
iii) | Above Rs.50,000/- up to Rs.1,00,000/- | 20% | 19% | 6.00% above the MCLR and the effective rate will be 19% |
iv) | Above Rs. 1,00,000/- up to Rs. 2,00,000/- | 17% | 17% | 3.00% above the MCLR and the effective rate will be 17% |
v) | Above Rs.2,00,000/- | 15% | 15% | 1.00% above the MCLR and the effective rate will be 15% |
2 | Minor Irrigation/Farm mechanisation/Vegetable cultivation/Horticulture | New | 12% | 2.00% below the MCLR and the effective rate will be 12% |
3 | Micro-enterprise - MSME ( Term Loans CC/OD Loans ) | |||
i) | Up to Rs.25,000/- | 24% | 22% | 8.00% above the MCLR and the effective rate will be 22% |
ii) | Above Rs.25,000/- to Rs.1,00,000/- | 21% | 20% | 6.00% above the MCLR and the effective rate will be 20% |
iii) | Above Rs.1,00,000/- to Rs.2,00,000/- | 21% | 22% | 8.00% above the MCLR and the effective rate will be 22% |
iv) | Above Rs.2,00,000/- | 15% | 15% | 1.00% above the MCLR and the effective rate will be 15% |
4 | Gold Loan - Demand Loan against Pledge of Gold Ornaments | |||
Gold Loan Rs.10,000/- and above | 12% | 12% | 2.00% below MCLR and the effective rate will be 12% | |
5 | JLG - Under GPL | |||
Up to Rs.50,000/- per member/individual max. Rs.3,00,000/- per JLG | 24% | 22% | 8.00% above the MCLR and the effective rate will be 22% | |
6 | Housing - Residential ( includes takeover loan ) | |||
i) | House Repair upto Rs.2,00,000/- | 12% | 12% | 2.00% below the MCLR and the effective rate will be 12% |
ii) | Above Rs.2,00,000/- | 9% | 9% | 5.00% below the MCLR and the effective rate will be 9% |
7 | Loan for Commercial Construction ( includes takeover loan ) | |||
Above Rs.2,00,000/- | 10% | 10% | 4.00% below the MCLR and the effective rate will be 10% | |
8 | Mortgage Loans ( includes takeover loan ) | |||
Above Rs.2,00,000/- | 10% | 10% | 4.00% below the MCLR and the effective rate will be 10% | |
9 | Samruddhi Auto Loan (Max. Rs.15,00,000/-) |
9% | 9% | 5.00% below the MCLR and the effective rate will be 9% |
10 | Loan against Warehouse Receipts (Min. Above Rs.25,000/- only) |
15% | 15% | 1.00% above the MCLR and the effective rate will be 15% |
11 | Education Loans - Max tenor 7 years - with collateral | 14% | 14% | At MCLR and the effective rate will be 14% |
12 | Personal Loans (Salaried/self-employed/Professionals) (Rs.50,000/- upto Rs.2,00,000/-) |
17% | 17% | 3.00% above the MCLR and the effective rate will be 17% |
13 | Sudhama Loan | 16% | 16% | 2.00% above the MCLR and the effective rate will be 16% |
14 | Samruddhi Sukshma Loan ( Min. Rs.10,000/- to Max. Rs.25,000/- ) | 18% | 18% | 4.00% above the MCLR and the effective rate will be 18% |