Interest Rate on Loan Products

KBS bank has adopted MCLR model from 1st Oct 2019 and the current MCLR is 14%.

Sr. No Product Name Rate Of Interest
1 Agri and Agri Allied-Crop,AGI and AGA Dairy and Non Dairy  
  Up to Rs.25,000/- 24%
  Above Rs.25,000/- to Rs.50,000/- 21%
  Above Rs.50,000/- to Rs.1,00,000/- 20%
  Above Rs.1,00,000/- upto Rs.2,00,000/- 17%
  Above Rs.2,00,000/- 15%
2 Micro-enterprises Loan-NFS-ME, GME and CC/OD  
  Up to Rs.25,000/- 24%
  Above Rs.25,000/- to Rs.1,00,000/- (Without collateral) 21%
  Above Rs.50,000/- to Rs.3,00,000/- (With collateral) 17%
  Above Rs.3,00,000/- 15%
3 Gold Loan - Demand Loan Against pledge of gold ornaments  
  Agri Gold loan Rs.10,000/- to Rs.10,00,000/- Product withdrawn from 01.10.2019
  Gold loan Rs.10,000/- to Rs.10,00,000/- 14.5%
4 Gen Purpose loans JLG/individual (GPL)  
  Up to Rs.40,000/- per member/Individual max.Rs.2,00,000/- per JLG 24%
5 Housing - Residential  
  House Repair Up to Rs.1,00,000/- 17%
  Above Rs.1,00,000/- to Rs.3,00,000/- 14%
  Above Rs.3,00,000/- 14%
6 Loan for Commercial Construction (LCC)  
  Above Rs.1,00,000/- to Rs.3,00,000/- 15%
  Above Rs.3,00,000/- 14.50%
7 Education Loans - Max tenor 7 years - with collateral 14.00%
8 Personal Loans (Salaried/ self-employed/Professionals) (Rs.50,000/- upto Rs.2,00,000/-) 17.00%
9 Sudhama Loan 16%
10 Mortgage Loans  
  Above Rs.1,00,000/- to Rs.3,00,000/- 16%
  Above Rs.3,00,000/- 15%
11 Loan against Warehouse Receipts (Min. Above 25,000/- only) 15%

The aforesaid interest rates are for top rated borrowers(as per internal credit rating)and bank can charge additional interest up to 2% depending on the rating of borrowers for loans above Rs.1 lac as envisaged in the credit policy.