TWO WHEELER LOAN FOR AGRICULTURIST
| PURPOSE |
To Purchase New MotorCycle/Two Wheeler. |
| TARGET GROUP |
Individuals (Singly or Jointly ) Farmers, Agricultural Labourers, SHG and Joint Liabilities Groups (JLGs) |
| ELIGIBILITY |
|
| LOAN AMOUNT |
Maximum of Rs. 3 Lakh or 85% 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% On Road Price |
| INTEREST RATE |
As prescribed by the Bank, interest will be applied on monthly compounding basis |