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Thursday, June 4, 2015

SKS Microfinance cuts interest rate by 1.55%

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.

Source : Thehindubusinessline


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