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Tag: Grameen

  • JK Grameen Bank Loan Scheme for Used/Second Hand cars

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    101A5467 A2A0 4004 AF97 D04D6096DCF0

    JK Grameen Bank Loan Scheme for Used/Second Hand cars Check Details Here

    PURPOSE:

    The finance under this scheme shall be available for purchase of an old car / jeep (not more than 5 years old) for personal use.

    Eligibility:

    i) Permanent employees of State/ Central Government, Semi-Government Undertakings, Autonomous bodies, Public Sector Undertakings, Private Companies or reputed establishments.
    ii) Businessmen, Professionals and self employed individuals.
    iii) Persons engaged in agriculture and allied activities.
    iv) Net annual income of Rs.1.00 lacs and above.

    Age Criteria:

     

    Salaried ClassThe applicant should be atleast 21 years old at the time of applicant and below 58 years of age at the time of maturity of the loan.
    * For Institutions, where retirement age is is 60 years, the upper age limit shall be 60 years.
    For othersAbove 21 years at the time of application but below 65 at the time of the loan’s maturity

     

    Maximum Loan Amount:

    i) 2.5 times of the net annual income or 15 lacs, whichever is lower. If married, the spouse’s income can also be considered provided the spouse guarantees the loan. Loan amount for used vehicles shall be subject to a maximum limit of 15 lacs.
    ii) The number of vehicles to be sanctioned to a single borrower under Car Finance (Used) at any point of time should not exceed more than 2 vehicles subject to maximum prescribed limit of 15.00 lacs.



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    Margin:

    i) 25% for vehicles having age less than 3 years.
    ii) 30% for vehicles having age of 3 years and above up to 5 years.

    Repayment period:

    i) Maximum repayment period of 72 months for vehicles having age less than 3 years.
    ii) Maximum repayment period of 48 months for vehicles having age of 3 years & above to 5 years.

    Security:

    i) Primary: Hypothecation of vehicle to be purchased.
    ii) Collateral: Third Party Guarantee of two persons having sound financial net means good for the loan amount.

    Processing Charges:

    0.50% of the Loan Amount

    * Conditions Apply

    101A5467 A2A0 4004 AF97 D04D6096DCF0

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    #Grameen #Bank #Loan #Scheme #UsedSecond #Hand #cars

    ( With inputs from : kashmirpublication.in )

  • JK Grameen Bank Dairy Loan Scheme Check Eligibility

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    101A5467 A2A0 4004 AF97 D04D6096DCF0

    JK Grameen Bank Dairy Loan Scheme Check Eligibility and Rate of Interest

    Objective:

    » Enhance production and marketing of clean milk.
    » Capacity building of farmers for undertaking dairy farming as commercial activity.
    » Increase income of dairy farmers through value addition.
    » Promoting use of appropriate scientific technology in dairy farming.
    » Provision for infrastructure like animal shed, bulk coolers, etc.
    » Promotion of dairy farming on a more commercial scale by up-scaling the number of commercial farms.
    » Increasing the average cattle farm size with the farmers so as to reduce cost on material inputs.
    » Encouraging good functional SHGs to take up dairy farming activity.
    » Increase employment opportunities for the rural unemployed youth.

    Eligibility

    » Individuals living within the operational area of the branch. Preference be given to the Women beneficiaries & the ex-servicemen drawing pension through our Bank;
    » The Farmers, Self Help Groups, Joint Farmers Groups are eligible to avail loan under the Scheme; &
    » The identified beneficiaries should have necessary skill/ training to manage the dairy unit.

    Age Criteria

    Minimum: 18 years at the time of loan application; &
    Maximum: 70 years at the time of loan maturity.

    Unit Size

    Minimum Two to Maximum Ten milch animals.



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    Margin

    For Loans upto Rs.4.00 lakh:   10%
    For Loans above Rs.4.00 lakh:   20%

    Security:

    For loans up to Rs.3.00 lakh
    Primary: Hypothecation of animals to be purchased and misc. fixed assets.
    Collateral:
    1. Two third party guarantees of sufficient net means acceptable to the bank.
    2. Negative Lien of immovable property (including the shed to be constructed with land underneath) not less than the loan amount

    For loans above Rs.3.00 lakh
    Primary: Hypothecation of animals to be purchased and misc. fixed assets.
    Collateral:
    1. Guarantee of two persons having sound financial net means, good for loan amount and acceptable to the bank.
    2. Mortgage of immovable property (including the shed to be constructed with land underneath) not less than the loan amount.

    Repayment Period

    The repayment period has been fixed as 6 years. The loan will be recovered in 69 equal monthly installments starting after initial gestation period of three months from the purchase of 1st lot of animals.

    Processing Charges : 0.25% of the Loan Amount * Conditions Apply

    Gestation Period – 3 months

    101A5467 A2A0 4004 AF97 D04D6096DCF0

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    #Grameen #Bank #Dairy #Loan #Scheme #Check #Eligibility

    ( With inputs from : kashmirpublication.in )

  • J$K Grameen Bank Loan Scheme for Used/Second Hand cars

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    Rubique Carloan 3 653x435 1


    PURPOSE:

    The finance under this scheme shall be available for purchase of an old car / jeep (not more than 5 years old) for personal use.

    Eligibility:

    i) Permanent employees of State/ Central Government, Semi-Government Undertakings, Autonomous bodies, Public Sector Undertakings, Private Companies or reputed establishments.
    ii) Businessmen, Professionals and self employed individuals.
    iii) Persons engaged in agriculture and allied activities.
    iv) Net annual income of Rs.1.00 lacs and above.

    Age Criteria:

     

    Salaried ClassThe applicant should be atleast 21 years old at the time of applicant and below 58 years of age at the time of maturity of the loan.
    * For Institutions, where retirement age is is 60 years, the upper age limit shall be 60 years.
    For othersAbove 21 years at the time of application but below 65 at the time of the loan’s maturity

     

    Maximum Loan Amount:

    i) 2.5 times of the net annual income or 15 lacs, whichever is lower. If married, the spouse’s income can also be considered provided the spouse guarantees the loan. Loan amount for used vehicles shall be subject to a maximum limit of 15 lacs.
    ii) The number of vehicles to be sanctioned to a single borrower under Car Finance (Used) at any point of time should not exceed more than 2 vehicles subject to maximum prescribed limit of 15.00 lacs.



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    Margin:

    i) 25% for vehicles having age less than 3 years.
    ii) 30% for vehicles having age of 3 years and above up to 5 years.

    Repayment period:

    i) Maximum repayment period of 72 months for vehicles having age less than 3 years.
    ii) Maximum repayment period of 48 months for vehicles having age of 3 years & above to 5 years.

    Security:

    i) Primary: Hypothecation of vehicle to be purchased.
    ii) Collateral: Third Party Guarantee of two persons having sound financial net means good for the loan amount.

    Processing Charges:

    0.50% of the Loan Amount

    * Conditions Apply

    Rubique Carloan 3 653x435 1

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    #Grameen #Bank #Loan #Scheme #UsedSecond #Hand #cars

    ( With inputs from : kashmirpublication.in )