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Image  KISAN TATKAL LOAN


Purpose

An instant credit for farming community to meet the emergency requirements for agriculture and domestic purposes for tiding over temporary difficulties.

Eligibility

Individual farmers / Joint individual farmers (not exceeding 4) should have existing UGC account with our branch and having satisfactory track record for at least 2 years.

Type of Loan

Term Loan.

Quantum of Loan

  • Minimum of Rs.1,000/-
  • Maximum of Rs.50,000/-
  • subject to ceiling of 50% of the existing UGC limit OR 25% of annual income of the previous year whichever is lower

Security

  • Existing securities obtained for UGC  to be continued.

Repayment

  • Maximum 5 years in half yearly/annual installments coinciding with overall income generation of the farmer.
  • Loan should be cleared in full if a fresh or enhanced limit is sought in the subsequent year based on revised UGC limit.

Forms & Documents

Appropriate DPN note, Deed of Guarantee, Letter of continuity, , Hypothecation agreement, Declaration/undertaking for Agriculture advance, Letter of general lien and setoff, Undertaking from borrower/Guarantor for disclosure to CIBIL, and any other document stipulated in sanction


Rate of Interest - Please click here to know our latest interest rates

Conditions apply.

For more details please contact our nearest branch