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8FE7849C B144 4498 8FF8 2D1476C6FAB6

To increase the flow of credit to individuals for entrepreneurial activity in the non-farm sector.

NATURE OF FACILITY

Both working capital and term loan.

ELIGIBILITY

  • Individuals engaged in the entrepreneurial activity in the non-farm sector, , which is eligible for classification under the priority sector guidelines
  •  Loan facility under General Credit Card (GCC) should, however, not be extended to ACC, WCC borrowers.
  • The borrowers should not have been loan defaulter at any bank/ branch.

 

QUANTUM OF FINANCE

Maximum of rupee 1.00 lacs.

REPAYMENT

Maximum: 60 months including maximum moratorium period of 03 months.

CLASSIFICATION

Micro Enterprise.

MARGIN

Upto rupee50,000: No margin is required for loans.

Above  rupee50,000 and upto rupee1.00 lac: 10%.

For working capital: 20%.

SECURITY

PRIMARY: Hypothecation of all the assets financed.

COLLATERAL: Nil.

 

RATE OF INTEREST (SUBJECT TO CHANGE)

RLLR+1.00%

Click here for rate of Interest

8FE7849C B144 4498 8FF8 2D1476C6FAB6

The post JK Bank Karobar Card Scheme Check Features and Benefits appeared first on Kashmir Publication.

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( With inputs from : kashmirpublication.in )

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