Poly Loan - Agri & Rural

Features

• Type of Facility : Agriculture Term Loan
• Quantum of Loan :
  • Minimum – Rs. 1.00 lakh
  • Maximum – Rs. 5.00 crores
• Margin :
  • ATL : 15% of the project cost
  • 15% of the project cost
• Interest Rate
  • a) Up to Rs. 50 lakhs: MCLR + 2.00% p.a.
  • b) For loans above Rs.50 lakhs: As per Bank’s guidelines
• Insurance :Insurance of assets purchased /created out of Bank’s finance for full market value.
• Processing Charges : As per Bank’s extant guidelines for Agri Segment
• Moratorium :
  • 12 Months Maximum (Should be decided because of activity Financed)
  • Based on the type of activity.