LT Agriculture Loan – Piggery
Type of loan
|
Loan term loan –Agriculture.
|
Method of Repayment
|
Non-EMI
|
Purpose
|
Agricultural allied Purpose
|
Eligibility criteria
|
Individuals
|
Scale of finance
|
Not applicable.
|
| Limit of loan |
75% of project cost.
|
| Margin | 25%
|
Holiday period
| 6 months
|
Repayment period
|
84 Months.
|
Rate of interest
|
As per interest structure.
|
Penal Interest
|
2% for overdue installments. When the loan becomes Fully overdue 2% of additional interest on contract rate is Charged.
|
Charges
|
Nil
|
Subsidy/Re-finance
|
Yes.
|
Security
|
Collateral security.
|
Insurance policy for project amount in the joint name of bank should be submitted to bank.