CENT AGRI-FARMHOUSE SCHEME
To provide finance for construction, repair, renovation and Extension of Agri-farmhouses
Existing borrowers having good track record for the past 3 years with the Bank and new borrowers who are not defaulters of any bank and/or financial institution.
Quantum of loan
Depending upon repayment capacity, subject to 80% of Project cost.Minimum Rs2 lac and maximum Rs25 lac.For repairs/renovation/extension maximum Rs5 lac.
20% of the project cost
Maximum 15 years, including moratorium period, if any
Primary – Mortgage/Charge on the assets being financed.
Collateral – Extension of charge on land already mortgaged with the bank; Hypothecation of existing and future crop on the charged land and livestock
Personal Guarantee on loans above Rs5 lac.
UptoRs3,00,000/- - MCLR + 1.35%
Above Rs3.00 lakh to Rs10.00 lacs- MCLR + 2.50%
Above Rs10.00 lakhs - MCLR + 3.00%
Upto 25,000/- -NIL
Above Rs25000/- @ Rs120/- per lac or part thereof,
>Rs.2 Lakh to Rs25.00Lakh- Rs50/- per Lakh or part thereof Max Rs1000/-
Up to Rs 2 lakh : Nil
More than Rs2 lakh up to Rs5 lakh : Rs200/-
More than Rs5 lakh: Rs500/-
Maximum 15 years, including moratorium period.