Money & Banking

SKS Microfinance cuts interest rate by 1.55%

Our Bureau Hyderabad | Updated on January 24, 2018

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.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on June 04, 2015
This article is closed for comments.
Please Email the Editor