SKS Microfinance Ltd on Thursday announced a 1.55 per cent reduction in the interest rate charged to the borrowers.
It cut the interest rate from 23.55 per cent to 22 per cent with effect from July 1, 2015. ``With the present reduction, SKS Microfinance charges the lowest rate among the Non-Banking Finance Company – Micro Finance Institutions.
(NBFC-MFIs) on its core income generating loans which are unsecured micro loans,’’ the company said in release issued here today.