Krishna Bhima Samruddhi Local Area Bank Ltd is registered with DICGC
DICGC website
The revised interest rates on loans & advances w.e.f. 03-05-2025 are as under
| S.No. | Product Name | Rate of Interest | Rate of Interest (MCLR linkage) |
|---|---|---|---|
| 1 | Agri. Allied -AGA Dairy and Non Dairy | ||
| i) | Up to Rs. 25,000/- | 24% | 9.80% above the MCLR and the effective rate will be 24% |
| ii) | Above Rs. 25,000/- up to Rs. 50,000/- | 22% | 7.80% above the MCLR and the effective rate will be 22% |
| iii) | Above Rs. 50,000/- up to Rs. 1,00,000/- | 21% | 6.80% above the MCLR and the effective rate will be 21% |
| iv) | Above Rs. 1,00,000/- up to Rs. 2,00,000/- | 21% | 6.80% above the MCLR and the effective rate will be 21% |
| v) | Above Rs. 2,00,000/- | 16% | 1.80% above the MCLR and the effective rate will be 16% |
| 2 | Crop & Agriculture Investment (AGI) | ||
| i) | Upto Rs. 2,00,000/- | 12% | 2.20% below the MCLR and the effective rate will be 12% |
| ii) | Above Rs. 2,00,000/- | 10% | 4.20% below the MCLR and the effective rate will be 10% |
| 3 | Minor Irrigation/Farm mechanisation/Vegetable cultivation/Horticulture | 12% | 2.20% below the MCLR and the effective rate will be 12% |
| 4 | Micro-enterprise – MSME(Term Loans & CC/OD Loans) | ||
| i) | Up to Rs. 1,00,000/- | 24% | 9.80% above the MCLR and the effective rate will be 24% |
| ii) | Above Rs. 1,00,000/- and upto Rs. 2,00,000/- | 23% | 8.80% above the MCLR and the effective rate will be 23% |
| iii) | Above Rs. 2,00,000/- | 16% | 1.80% above the MCLR and the effective rate will be 16% |
| 5 | Gold Loan - Demand Loan against Pledge of Gold Ornaments | ||
| Gold Loan Rs. 10,000/- and above | 13% | 1.20% below the MCLR and the effective rate will be 13% | |
| 6 | JLG- Under GPL | ||
| Up to Rs. 50,000/- per member/individual max. Rs. 3,00,000/- per JLG | 24% | 9.80% above the MCLR and the effective rate will be 24% | |
| 7 | Housing - Residential (includes takeover loan) | ||
| i) | House Repair upto Rs. 2,00,000/- | 14% | 0.20% below the MCLR and the effective rate will be 14% |
| ii) | Above Rs. 2,00,000/- | 10% | 4.20% below the MCLR and the effective rate will be 10% |
| 8 | Samruddhi House Plot Purchase Scheme (SHPPS) | ||
| Upto Rs. 10,00,000/- | 10% | 4.20% below the MCLR and the effective rate will be 10% | |
| Fore-closure of loan within 48 months | @ MCLR (at present @ 14.20%), subject to revision as per the quarterly review | ||
| 9 | Loan for Construction of Shops/Shutters (includes takeover loan) | ||
| Above Rs. 2,00,000/- | 11% | 3.20% below the MCLR and the effective rate will be 11% | |
| 10 | Mortgage Loans (includes takeover loan) | ||
| Above Rs. 2,00,000/- | 11% | 3.20% below the MCLR and the effective rate will be 11% | |
| 11 | Samruddhi Auto Loan - MSME (Max. Rs. 25,00,000/-) |
10% | 4.20% below the MCLR and the effective rate will be 10% |
| 12 | Samruddhi Vehicle Loan – Public – Retail Segment (Max. Rs. 25,00,000/-) |
10% | 4.20% below the MCLR and the effective rate will be 10% |
| 13 | Loan against Warehouse Receipts (Above Rs. 25,000/-) | 15% | 0.80% above the MCLR and the effective rate will be 15% |
| 14 | Education Loans - Max tenor 7 years - with collateral | 14% | 0.20% below the MCLR and the effective rate will be 14% |
| 15 | Personal Loans (Salaried/self-employed/ Professionals) (Rs. 50,000/- upto Rs. 2,00,000/-) |
17% | 2.80% above the MCLR and the effective rate will be 17% |
| 16 | Sudhama Loan | 16% | 1.80% above the MCLR and the effective rate will be 16% |
| 17 | Samruddhi Sukshma Loan (Min. Rs. 10,000/- to Max. Rs. 50,000/- with repayment period 18 to 24 months) | 20% | 5.80% above the MCLR and the effective rate will be 20% |