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To provide hassle free finance to existing borrowers in Natural calamity affected areas to meet the consumption & domestic requirements in Rural and Semi Urban areas.

  • Loans to be extended in Natural calamity declared area
  • The loan is sanctioned on the basis of “One consumption loan to one household” only.
  • The loan will be sanctioned only to existing borrowers

Quantum of Finance Maximum Loan amount of Rs 15,000/-
Margin Nil
Security Clean Loans To be classified as unsecured advance
Rate of Interest One Year MCLR+ 0.20% as on Date of Disbursement. Simple Interest is to be charged on half yearly basis. Penal Interest is not applicable.
Repayment Period Within 36 months including one year Repayment Holiday. Repayment holiday for both principal and interest. Interest during moratorium to be paid along with future installments. Repayable in monthly/ Quarterly/ Half- yearly/ Yearly installments depending on income generation
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Last updated on 24-06-2024 05:06 AM

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