House Repaires Loan Scheme
Eligibility:-
a) Farmers who hold land area 11 Aar & above
Purpose
Construction of Farm House
Type of Advance
i) Housing Loan –(Farm House)
Quantum of Loan
Maximum Amount up to Rs- 25 Lakh
Margin
30% of quotation amount
Primary Security
Assets created out of loan amount –Farm House with land
Bank Charge
Bank charge will be noted on 7/12 extract of applicants with Farm house construction
Guarantor
Two creditworthy guarantor
Repayment tenor
15 years
Rate of Interest
10 % p.a.
Processing Fee
1.50% of loan amount
Certification
Obtained Plan & certificate/s from qualified engineers / architects in respect Farm house construction
Prepayment Charges
No any prepayment charges
Disbursement
Direct payment to vendor as per quotation
Insurance
Term insurance of key person
