Kisan credit card interest rate or KCC interest rate is different for Short term loans and for term loans. Also their is KCC interest rate subvention scheme under which interest rate concession is given for prompt repayment of loan which are less than three lakh rupees.

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# KISAN credit card interest rate | KCC interest rate

kisan credit card Interest rate or KCC interest rate varies with amount of loan sanctioned ( their is interest subvention for loans below 3 lakh ) and with term of loan sanctioned ( different for short term loan and term loan ) We will discus all these diffrences in detail

## KISAN credit card interest rate | KCC interest rate for **SHORT TERM LOAN**

Short term loans are loan with tenure of below five years and these loans are given with lowest interest rates possible. Government also provide certain subsidies on these type of loans.

Short term loan amount | KCC interest rate | KCC Interest subvention | Prompt repayment Incentive |

Below 3 lakh rupees | 7 % rate of interest( after interest rate concession) | 2% interest rate concession( i.e 9% – 2%) | 3% interest rate concession (i.e 7% – 3%) |

Above rupees three lakh | around 9% to 10% | No KCC interest subvention | No incentive applicable |

- Kisan credit card interest rate is different for amount up to three lakh rupees and different for amount above three lakh rupees.
- Their is incentive of three percent Kisan credit card interest rate on prompt repayment ( only on loan amount below 3 lakh rupees )
- Interest subvention on KCC loan interest rates of 2% for amount below 3 lakhs ( no KCC interest rate subvention for amount more than 3 lakh rupees)
- If repayment is not done before due date or within one year then interest rate is charged at normal rates i.e around 9 to 10 percent( no interest rate subvention and prompt repayment incentive is given )

**KISAN credit card Interest rates on loan above 3 lakh rupees.**

Banks generally have different rate of interest on loans from 3 to 25 lakhs and different for 25 lakhs to 1 crore

Loan amount | KCC interest rate | Interest rate subvention | Prompt repayment incentive |

3 to 25 lakhs | Banks MCLR + 1.15±1% | Not applicable for interest rate subvention | Not applicable for incentive |

above 25 lakh to 1 crore | Banks MCLR + 2.15±1% | Not applicable for KCC interest rate subvention | Not applicable for prompt repayment incentive |

- For loans above three lakh rupees there is no interest rate subvention.
- Their is no prompt repayment incentive.
- Penalties on repayments after due dates.

## KISAN credit card interest rate | KCC interest rate for **TERM LOAN**

Kisan credit card interest rate for term loans ( Agriculture term loan ) are usually same as that of short term loans. In private banks KCC interest rates may varies for short term and long term.

Loan amount | KCC interest rate | Interest rate subvention | Prompt repayment incentive |

Below 3 lakh rupees | 7 % rate of interest( after KCC interest rate concession) | 2% interest rate concession( i.e 9% – 2%) | 3% interest rate concession (i.e 7% – 3%) |

3 to 25 lakhs | Banks MCLR + 1.15±1% | Not applicable for interest rate subvention | Not applicable for incentive |

above 25 lakh to 1 crore | Banks MCLR + 2.15±1% | Not applicable for interest rate subvention | Not applicable for prompt repayment incentive |

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7 % rate of interest, interest subvention of 2% for amount below 3 lakhs rupees and additional **Prompt repayment Incentive** of 3% if all dues on loan are paid on time. These kisan credit card interest rates are applicable on all the below banks.

You can check interest rate for private banks from there official website or visit below link :

1# SBI KCC interest rate

2# PNB KCC interest rate

3# UCO bank KCC loan interest rate

4# Bank of Baroda KCC loan interest rate

5# Central bank of India KCC loan interest rate

6# Union bank KCC loan interest rate

7# Bank of India KCC loan interest rate

8# Canara bank KCC loan interest rate

Private sector banks have different Kisan credit card interest rate, they charge more than that of public sector banks. You can check these interest rate from their official website

1# Axis bank KCC loan interest rate For AXIS bank kisan credit card interest rate details click here

2# ICICI bank KCC loan interest rate For ICICI bank kisan credit card interest rate details click here

3# HDFC bank KCC interest rate

**Frequently asked questions on Kisan credit card interest rate**

### What is KCC loan interest rate?

7 % rate of interest after interest subvention of 2% for amount below 3 lakhs rupees( no KCC interest rate subvention for amount more than 3 lakh rupees) and an additional **Prompt repayment Incentive** of 3% if all due on loan are paid on time.

### KCC interest rate above 3 lakh rupees?

Above three lakh rupees interest rate is around 9 percent There is no interest rate subvention and prompt repayment incentive on loan amount more than three lakh rupees.

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