Corporate News 04-Sep-17
Karnataka Bank reduces one year MCLR by 5bs
With effect from 01 September 2017
Karnataka Bank has reduced its One Year MCLR by 5 bps to 8.85% p.a. with effect from 01 September 2017. To support the women entrepreneurs, the Bank has decreased the rate of interest on its KBL-Mahila Udyog Scheme to 9.90% with effect from 01 September 2017. The Bank is offering housing loan upto Rs 75 lakh at a competitive interest rates of 8.60% p.a. (linked to 6 months MCLR of the Bank).
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