#1
September 27th, 2017, 11:25 AM
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Corporation Bank Agri Loan
Someone is here who will provide information about Agriculture Loan offering by Corporation Bank? Tell me about eligibility criteria required to apply for Agriculture Loan at Corporation Bank?
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#2
September 27th, 2017, 11:42 AM
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Re: Corporation Bank Agri Loan
As you are looking for Agriculture Loan from Corporation Bank, so here I am providing complete information: Corporation Bank Agriculture Loan Scheme: Eligibility: Farmers who have availed crop loans from our Bank. Farmers who have availed crop loan /credit facility from any bank and the accounts are regular. Traders holding valid license and carrying the trade for minimum one year. Purpose: Credit facility to farmers to avoid distress sale. Credit facility to Traders to meet working capital need. Loan Amount: Minimum Rs.10000/- and Maximum Rs.100 lakhs against warehouse receipt of CWC/SWC or any national multilevel MCE approved warehouse. Margin: 35% of the value of the agriculture produce stored Security: Pledge of warehouse receipt and suitable third party guarantee. Processing Charges: -NIL- Prepayment Charges: -NIL- Repayment: Within 12 months or validity period of warehouse receipt whichever is earlier. Helpline: horls@corpbank.co.in Tel :0824-2861447 Tel : 0824-2861447 |
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