Ordinary Loans

Purpose
It includes both Productive Purposes and Non Productive Purposes like construction of farm houses, barbed wire fencing and activities which are not covered under ARF Scheme.
 

Individual Maximum Borrowing Power
Individual Maximum Borrowing Power is Rs. 3,00,000/-
 

Repayment of Loan
Maximum of 10 years without any grace period.
 

Security
Landed security in accordance with the guidelines issued by the RBI/NABARD/RCS.
 

Rate of Interest
Loan Amount up to Rs.3,00,000: Up to 35 months    ::    Starting from 11.4 %

Loan Amount up to Rs.3,00,000: 36 to 59 months    ::    Starting from 11.45 %

Loan Amount up to Rs.3,00,000: Above 60 months   ::    Starting from 11.5 %