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August 23rd, 2016, 12:21 PM
Super Moderator
 
Join Date: Mar 2012
Re: Oriental Bank Of Commerce Agriculture Loan

Hi Atul I will let you know about Oriental Bank Of Commerce, Agriculture Loan scheme so that you can have idea.

Eligibility
Small & Marginal Farmers, Tenants and Share Cropper owing 5 acres of non-irrigated land or 2.5 acres of irrigated land including the land to be purchased.

Amount of Loan:
Maximum Rs.10 lacs.

Security:
Mortgage of land purchased out of Bank Finance

Margin:
Upto Rs. 1.00 Lac - NIL

Above Rs. 1.00 lac - 10%

Rate of Interest

Up to Rs. 5.0 lac
BR+1.00%

Above Rs. 5.0 lac
BR+2.00%

Repayment:
Loan is repayable in 7 to 12 years in HY/Yearly installments including Moratorium of Max. 24 months.

Address:-
Oriental Bank Of Commerce
Plot No. 5, Institutional Area ,
Sector - 32
Gurgaon – 122001


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