Eligibility

• All Farmers having minimum 4 Acre irrigated/non-irrigated Agriculture land.

Interest Rate

As per Bank's Circular

Most Important Terms & Conditions

Type of facility

Term Loan

Limit

• Max. Rs. 1.00 Lakh for Two wheelers
• Max. Rs. 20.00 Lakh for Four wheelers

Margin

• Minimum 10% of cost of vehicle (Ex-showroom price+ Registration Tax+ Insurance)

Repaying capacity

• Total annual deductions including 2 Instalment and interest for proposed loan should not exceed 65% of annual Income

Repayment Period

• Max. 10 Half yearly Instalments

Credit Information Report

• Bank is authorized to make enquiries from any of the Credit Information Bureau and get the Credit Information Reports. Bank is also authorized to disclose from time to time any information relating to the loan to Credit Bureaus approved by Govt. of India or Reserve Bank of India without any notice to the borrower.