agriculture Term Loan

AGRICULTURE TERM LOAN (AOTL)

With a vision to provide support and encouragement to the agricultural sector, our society has introduced agricultural loans for our members. Farmers are offered these loans whenever they are in need and since the interest rates are low, they would be able to meet their requirements without much of a difficulty and will feel comfortable even while paying back.

•  Maximum amount for individuals : Rs. 200 Lakhs

•  Repayment period : 60 months

•  Interest rate : 12.50%

•  Security : Equitable Mortgage of property having valuation of twice the amount of the loan

•   Available at all branches

• Repayment :Equated monthly instalments

• No Prepayment penalties  

Agriculture Institution Term Loan (AITL)

Agriculture Institution Term Loans are granted to institutions with a reduced interest rate of 11.50%.