Commercial Agriculture Loan (Without Interest Subsidy)
A diversified and hassle-free financial assistance to small farmers/units/cultivators who are engaged in different types of farming and agriculture enterprises. The specially designed loan facility help grow the living standard and secure a brighter future for small farmers/units/cultivators engaged in commercial farming or other agriculture related enterprises.
Features
Interest rate: Base Rate + 2% premium
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Loan Size up to Rs. 1.5M per borrower/unit
Age Limit of 18 years to 68 years
Interest Tenure up to 10 years
Repayment Mode on EMI Basis for Term Loan & Quarterly for Working Capital loans
Moratorium period of maximum 6 months
Registered mortgage charge over L/B owned by borrower/partner/promoter
Actual Fee on CIC and STR and 0.75% of the total limit on LAF
TAT: Approval confirmation within 7 working days after submission of all required documents