SKS Microfinance reduces interest rate by 1.55% to 22%

With effect from 01 July 2015

SKS Microfinance announced a 1.55% reduction in the interest rate charged to borrowers from 23.55% to 22% with effect from 01 July 2015. This is the second interest rate reduction announced by the Company since October 2014, when a 1% reduction was implemented.

With the present reduction, SKS Microfinance charges the lowest rate among Non-Banking Financial Company - Micro Finance Institutions (NBFC-MFIs) on its core Income Generating Loans (IGL) which are unsecured micro loans.

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