Seasonal Loan

Seasonal loan product is designed to address the specific financial requirement of individual residing in rural areas, particularly those agriculture or livestock activities which are seasonal in nature.

This loan is given to individuals for season based agricultural activities.

QUANTUM

75% of the total project cost or (70%) below 50 million or (60%) above 50 million of the collateral value whichever is lower.

FLOATING RATE

Seasonal Loan: 11.25%

TENURE

Maximum term period of one year (Non renewable/extendable)

Eligibility

  • Must be engaged in seasonal activities
  • Must be 18 years and above.

Documents Required

  • Duly filled in application form
  • Copy of valid Citizenship Identity (CID)
  • 2 recent passport size photo
  • Copy of latest land certificate (lagthram)
  • NOC
  • Detail project costing of activities to be carried out.
  • Prove of income

 

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