To provide finance for construction, repair, renovation and Extension of Agri-farmhouses
Existing borrowers having good track record for the past 3 years with the Bank and new borrowers who are not defaulters of any bank and/or financial institution.
Quantum of loan
Depending upon repayment capacity, subject to 80% of Project cost. Minimum Rs.2 lac and maximum Rs.25 lac.
For repairs/renovation/extension maximum Rs.5 lac.
20% of the project cost
Maximum 15 years, including moratorium period, if any
Primary – Mortgage/Charge on the assets being financed.
Collateral – Extension of charge on land already mortgaged with the
bank; Hypothecation of existing and future crop on the
charged land and livestock
Personal Guarantee on loans above Rs.5 lac.
Upto Rs 3,00,000/- - MCLR + 1.35%
Above Rs 3.00 lakh to Rs 10.00 lacs- MCLR + 2.50%
Above Rs 10.00 lakhs - MCLR + 3.00%
Upto 25,000/- -NIL
Above Rs 25000/- @ Rs 120/- per lac or part thereof,
Upto Rs 2.00Lakh- NIL
>Rs.2 Lakh to Rs 25.00Lakh-
Rs 50/- per Lakh or part thereof Max Rs 1000/-
Up to Rs. 2 lakh : Nil
More than Rs.2 lakh up to Rs.5 lakh : Rs.200/-
More than Rs.5 lakh up to Rs.50 lakh : Rs.500/-
Above Rs.50 lakh : Rs.1000/-
Maximum 15 years, including moratorium period.