City Co-operative Bank Shimoga

Revised Interest Rates on Loans

The interest rates on various loans offered by the Bank have been revised as follows.

TYPE OF LOAN	LOAN AMOUNT	REVISED INTEREST RATE	LOAN SERVICE CHARGES
Gold Loan Effective from 01-01-2021	-	9.00% ₹2,600 per gram	-
Loan Against Fixed Deposit Effective from 01-05-2022	Up to ₹1.00 Lakh ₹1.01 Lakh–₹5.00 Lakhs ₹5.01 Lakhs–₹20.00 Lakhs ₹20.01 Lakhs–₹50.00 Lakhs Above ₹50.01 Lakhs	11.00% 10.50% 10.25% 10.00% 10.00%	Up to ₹5 Lakhs–0.60% ₹5.01 Lakhs–₹10 Lakhs–0.40% ₹10.01 Lakhs–₹50 Lakhs–0.30% Above ₹50.01 Lakhs–0.15%
Construction Loan Effective from 03-03-2021	-	9.75%	Up to ₹5 Lakhs – 0.60% ₹5.01 Lakhs – ₹10 Lakhs – 0.40% ₹10.01 Lakhs – ₹50 Lakhs–0.30% Above ₹50.01 Lakhs–0.15%
Vehicle Loan Effective from 21-01-2019	Two-Wheeler / Three-Wheeler	11.50%	Four-Wheeler / Heavy Vehicles 10.50%
Machinery Loan Effective from 21-01-2019	-	16.00%	-
Other Loan Effective from 21-01-2019	-	12.50%	-

Revised rates of interest effective from 03-04-2026.