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Purpose
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* To provide instant credit to the Farming community to meet their emergency requirements for Agricultural and domestic purposes for tiding over temporary difficulties.
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Eligibility
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* Individual farmers/Joint borrowers who are existing Kisan Credit Card holders of the bank.
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Nature of facility
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* Term Loan repayable within 5 years.
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Quantum of Loan
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* 50% of CKCC limit or 25% of annual income with a minimum Rs.1,000/- and maximum Rs.50,000/-.
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Security
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* Charge on the existing securities obtained for CKCC.
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Interest Rate
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* MCLR + 1.35%
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Processing Charges
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* Upto Rs.25,000/- : Nil
* Above Rs.25,000/- : @ Rs.120/-
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Documentation Charges
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Nil
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Repayment
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* Within 5 years in suitable instalments coinciding with overall income generation.
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