PURPOSE

To Purchase new Motorcycle/Two wheeler

TARGET GROUP

Individuals (singly or jointly), Farmers, Agricultural labourers, Self-Help Groups (SHGs) and Joint Liability Groups (JLGs).

ELIGIBILITY

• Above 18 yrs
• All farmers engaged in cultivation and allied agricultural activities

QUANTUM OF LOAN

Maximum of ₹ 3 Lakhs or 85% of On-Road price.(On-Road price include cost Accessories not more than 2% of ex-showroom price + registration + insurance premium for one year only) whichever is less

MARGIN

• Min 15% of on-road price

INTEREST RATE

• As Pescribed by the Bank,Interest will be applied on monthly compounding basis