Krishna Bhima Samruddhi Local Area Bank Ltd is registered with DICGC
DICGC website
The MCLR of Bank has been revised from 14% to 14.35% with effect from
1st April, 2024. Revised MCLR @14.35% with effect from 1st April, 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% | 7.65% above the MCLR and the effective rate will be 22% |
| ii) | Above Rs.25,000/- up to Rs.50,000/- | 20% | 5.65% above the MCLR and the effective rate will be 20% |
| iii) | Above Rs.50,000/- up to Rs.1,00,000/- | 19% | 4.65% above the MCLR and the effective rate will be 19% |
| iv) | Above Rs. 1,00,000/- up to Rs. 2,00,000/- | 17% | 2.65% above the MCLR and the effective rate will be 17% |
| v) | Above Rs.2,00,000/- | 15% | 0.65% above the MCLR and the effective rate will be 15% |
| 2 | Minor Irrigation/Farm mechanisation/Vegetable cultivation/Horticulture | 12% | 2.35% 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% | 7.65% above the MCLR and the effective rate will be 22% |
| ii) | Above Rs.25,000/- to Rs.1,00,000/- | 20% | 5.65% above the MCLR and the effective rate will be 20% |
| iii) | Above Rs.1,00,000/- to Rs.2,00,000/- | 22% | 7.65% above the MCLR and the effective rate will be 22% |
| iv) | Above Rs.2,00,000/- | 15% | 0.65% 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% | 2.35% below the 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% | 7.65% 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% | 2.35% below the MCLR and the effective rate will be 12% |
| ii) | Above Rs.2,00,000/- | 9% | 5.35% below the MCLR and the effective rate will be 9% |
| 7 | Samruddhi House Plot Purchase Scheme (SHPPS) | ||
| Upto Rs.10,00,000/- | 10% | 4.35% below the MCLR and the effective rate will be 10% | |
| Fore-closure of loan within 48 months | @ MCLR (at present @ 14.35%), subject to revision as per the quarterly review | ||
| 8 | Loan for Commercial Construction (includes takeover loan) | ||
| Above Rs.2,00,000/- | 10% | 4.35% below the MCLR and the effective rate will be 10% | |
| 9 | Mortgage Loans (includes takeover loan) | ||
| Above Rs.2,00,000/- | 10% | 4.35% below the MCLR and the effective rate will be 10% | |
| 10 | Samruddhi Auto Loan (Max. Rs.15,00,000/-) |
9% | 5.35% below the MCLR and the effective rate will be 9% |
| 11 | Loan against Warehouse Receipts (Min. Above Rs.25,000/- only) |
15% | 0.65% above the MCLR and the effective rate will be 15% |
| 12 | Education Loans - Max tenor 7 years - with collateral | 14% | 0.35% below the MCLR and the effective rate will be 14% |
| 13 | Personal Loans (Salaried/self- employed/ Professionals) (Rs.50,000/- upto Rs.2,00,000/-) |
17% | 2.65% above the MCLR and the effective rate will be 17% |
| 14 | Sudhama Loan | 16% | 1.65% above the MCLR and the effective rate will be 16% |
| 15 | Samruddhi Sukshma Loan (Min. Rs.10,000/- to Max. Rs.25,000/-) | 18% | 3.65% above the MCLR and the effective rate will be 18% |