Krishna Bhima Samruddhi Local Area Bank Ltd is registered with DICGC

Krishna Bhima Samruddhi Local Area Bank Ltd is registered with DICGC

https://www.dicgc.org.in

Krishna Bhima Samruddhi Local Area Bank Ltd is registered with DICGC

DICGC website

The MCLR of Bank has been revised from 14.25% to 14% with effect from 1st January, 2024
Revised MCLR is 14% with effect from 1st January, 2024

S.No. Product Name Existing 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/- 22% 8% above the MCLR and the effective rate will be 22%
ii) Above Rs.25,000/- up to Rs.50,000/- 20% 6% above the MCLR and the effective rate will be 20%
iii) Above Rs.50,000/- up to Rs.1,00,000/- 19% 5% above the MCLR and the effective rate will be 19%
iv) Above Rs. 1,00,000/- up to Rs. 2,00,000/- 17% 3% above the MCLR and the effective rate will be 17%
v) Above Rs.2,00,000/- 15% 1% above the MCLR and the effective rate will be 15%
2 Minor Irrigation/Farm mechanisation/Vegetable cultivation/Horticulture 12% 2% 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/- 22% 8% above the MCLR and the effective rate will be 22%
ii) Above Rs.25,000/- to Rs.1,00,000/- 20% 6% above the MCLR and the effective rate will be 20%
iii) Above Rs.1,00,000/- to Rs.2,00,000/- 22% 8% above the MCLR and the effective rate will be 22%
iv) Above Rs.2,00,000/- 15% 1% 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% 2% 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 22% 8% 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% 2% below the MCLR and the effective rate will be 12%
ii) Above Rs.2,00,000/- 9% 5% below the MCLR and the effective rate will be 9%
7 Loan for Commercial Construction (includes takeover loan)
  Above Rs.2,00,000/- 10% 4% below the MCLR and the effective rate will be 10%
8 Mortgage Loans (includes takeover loan)
  Above Rs.2,00,000/- 10% 4% below the MCLR and the effective rate will be 10%
9 Samruddhi Auto Loan (Max. Rs.15,00,000/-) 9% 5% below the MCLR and the effective rate will be 9%
10 Loan against Warehouse Receipts
(Min. Above Rs.25,000/- only)
15% 1% above the MCLR and the effective rate will be 15%
11 Education Loans - Max tenor 7 years - with collateral 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% 3% above the MCLR and the effective rate will be 17%
13 Sudhama Loan 16% 2% above the MCLR and the effective rate will be 16%
14 Samruddhi Sukshma Loan (Min. Rs.10,000/- to Max. Rs.25,000/-) 18% 4% above the MCLR and the effective rate will be 18%