Pursuant to the Listing Agreement, SKS Microfinance Limited had, on the 8th November 2010, informed the stock exchanges about the planned move to reduce interest rates to 24.55% across India.
Further to that notification, SKS Microfinance Limited has informed the stock exchanges about their decision to reduce the interest rate across the country to 24.55% with effect from January 11, 2010.
The applicable interest rate for all future disbursements across the country is mentioned below:
| Flat | IRR (effective rate) | |
| Annual rate of interest | 12.5% | 24.55% |
| Upfront interest | Nil | Nil |
| Total Interest | 12.5% | 24.55% |
| Credit shield charges* | Nil | Nil |
| Cost to the Borrower | 12.5% | 24.55% |
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