KARNATAKA VIKAS GRAMINA BANK
Interest Rates for Loan -Rural Artisans, Cottage Industries, Tertiary Sectors including loan to Retail Traders, Small Business and Other Self Employed, Professionals and Medical Practitioners, Swarojagar Credit Card, Rural Godown, Cold storage, Kisan Seva Kendras, other Non farm sectors including Loans extended to Educational Institutions
Interest Rates:
a. Up to Rs. 50,000/- 12%
b. Above Rs.50,000/- to Rs 2.00 lakh- 12.5%
c. Above Rs 2.00 lakh 13%
However overdue Interest and Penal Interest put together should not exceed 2% p.a. at any point of time. Penal Interest on over drawl allowed in CC/SOD shall be 2% over and above the normal rate of interest applicable to the concerned category on the exceeded amount. Limits of Priority Sector Advances (except Housing Loan, Education Loan and Advances to SHG and JLG) will be separately clubbed for deciding the rate of Interest.
KINDLY NOTE - Interest rates are subject to change at short intervals. Though all efforts are being made to update the interest rates in our website. Please obtain latest interest rate both for Domestic and NRE from our Branches, whose addresses are available in the website. Latest interest rates can be obtained also from other branches where your account is maintained.
For more details click here
Interest Rates for Loan -Rural Artisans, Cottage Industries, Tertiary Sectors including loan to Retail Traders, Small Business and Other Self Employed, Professionals and Medical Practitioners, Swarojagar Credit Card, Rural Godown, Cold storage, Kisan Seva Kendras, other Non farm sectors including Loans extended to Educational Institutions
Interest Rates:
a. Up to Rs. 50,000/- 12%
b. Above Rs.50,000/- to Rs 2.00 lakh- 12.5%
c. Above Rs 2.00 lakh 13%
However overdue Interest and Penal Interest put together should not exceed 2% p.a. at any point of time. Penal Interest on over drawl allowed in CC/SOD shall be 2% over and above the normal rate of interest applicable to the concerned category on the exceeded amount. Limits of Priority Sector Advances (except Housing Loan, Education Loan and Advances to SHG and JLG) will be separately clubbed for deciding the rate of Interest.
KINDLY NOTE - Interest rates are subject to change at short intervals. Though all efforts are being made to update the interest rates in our website. Please obtain latest interest rate both for Domestic and NRE from our Branches, whose addresses are available in the website. Latest interest rates can be obtained also from other branches where your account is maintained.
For more details click here