Tag: Loan

JK Bank Loan Scheme To Buy Android and IPhones
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NATURE OF THE FACILITY
Term loan.
PURPOSE
Purchase of Mobile Phones (IOS, Blackberry, Android and Windows based).
ELIGIBILITY
Permanent Employees/Pensioners of State / Central Government, Government / Semi-Government Undertakings & Autonomous Bodies drawing salary through our Bank and where letter of undertaking from employer is available.
Customers already availing seasoned credit facilities (aged more than 2 years) where in there have been no past dues of more than one month during the currency of the loan.
AGE
Minimum: 21 years.
Maximum age of Applicant at loan maturity: For employees Date of retirement or 60 Years whichever is earlier.
For others: 65 years.
SCALE OF FINANCE
Minimum Finance: 10,000.
Maximum Finance: 75,000 or 12 months net income for purchasing upto three Smartphones or 90% of the invoice value of the Smartphone(s) whichever is lower.
Maximum finance (in case of individual small businessmen who do not file their tax returns and do not maintain the financial statements) is 10% of the credits in the operative account of the borrower during the last 12 months or 90% of the invoice value of the Smartphone(s), whichever is lower.
For Govt. employees gross deductions should not exceed 60% of gross salary while as for others deductions should not exceed 50% of gross income.
MARGIN
10% of the invoice value
SECURITY
Primary: NIL
Collateral: NIL
PROCESSING CHARGES
350/- plus applicable GST
REPAYMENT
30 Equated Monthly Installments.
PREPAYMENT
NIL
RATE OF INTEREST (SUBJECT TO CHANGE)
1 Year MCLR + 3% (fixed)
Click here for rate of Interest
The post JK Bank Loan Scheme To Buy Android and IPhones Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
February 9, 2023

JK Bank Car loan Scheme for purchase of Used cars for private

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NAME OF PRODUCT

JKB Car loan Scheme for purchase of Used cars for private use

PURPOSE

To provide finance for purchase of used Cars/SUV/MUV etc. (Fuel operated as well as electric cars) for Private Use only. The car should not be more than 6 years old at the time of loan sanction.

NATURE OF FACILITY

Term Loan

AGE

Minimum age at the time of loan application: 18 years

Maximum age at the time of loan maturity: 70 years

Notes:

In case of in service Govt employees under old pension scheme, car loans with tenor exceeding residual services period can also be considered. However, the sanctioning authority may make a tentative assessment of his/her likely pension income, based on his her existing salary structure, residual service, pension rules etc. and ensure that the instalment of the proposed loan shall not be more than 50% of his/her likely monthly pension.
In case of joint borrowers/ Co-borrowers, the age of that borrower can be considered for fixing tenor of the loan whose contribution towards the repayment of proposed loan is at least equal to 50% of EMI.
The upper age limit may be relaxed upto 75 years in deserving cases, powers for which may be vested with the Zonal Credit Committees.

MARGIN

For permanent employees of State and Central Government, Government Undertakings & Autonomous bodies Drawing salary through our Bank :20% of value derived/ accepted
For Platinum/Gold Current Account Holders & Customers having aggregate limits (Working Capital and/or Term Loan) above 25 Lakh having satisfactory dealings.:20% of value derived/ accepted
For All Other borrowers:25% of value derived/ accepted

MAXIMUM LOAN AMOUNT

Maximum Limit per vehicle: Rs 25.00 lacs
Maximum Limit per borrower: Rs 50.00 lacs
Note: Higher quantum of finance per unit/ per borrower may also be considered, however powers to sanction such loans shall vest with Zonal Credit Committees only.

REPAYMENT PERIOD

The maximum tenor of the loan shall be 07 years or till the vehicle gets 12 years old, whichever is earlier, subject to residual life of the vehicle.
The loan shall be repaid in a maximum of 84 Equated Monthly Installments.

SECURITY

Primary: Hypothecation of vehicle to be purchased (Bank’s charge to be registered with concerned Transport Authority/ VAHAN Central Registry)
Collateral:
- For permanent employees of J&K/Ladakh Gov’t and Central Government, Government Undertakings & Autonomous bodies maintaining salary accounts with our bank: NIL.(However, in cases where the loan tenor is in excess to residual service period, TPG of one person shall be obtained).
- For pensioners: Guarantee of 02 persons including spouse eligible for family pension.
  (Or) Guaranteeof spouse only if he/she is a Govt employee or pensioner.
- Private /Public Limited Company/ partnership firms:Personal guarantee of promoters/directors/partners
- For all others: Guarantee of one person having sufficient net worth to withstand the liability and acceptable to Bank.
- Direct Debit Mandate/NACH/ECS Mandate (whichever applicable)
  Note:
  Sanctioning Authority may waive off third party guarantee in favour of certain categories of applicant borrowers, as noted below:
1. Platinum/Gold Current Account Holders having average balance of Rs 5.00 lacs or above
2. Customers availing aggregate limits (Working Capital and/or Term Loan) above 50 Lakh with satisfactory track record.
3. Borrowers with credit score of 750 in case of CIBIL or 650 in case of CRIF.
4. High net worth individuals maintaining term deposits in excess to Rs 50.00 lacs with the bank in their own name.

PREPAYMENT PENALTY

4% on the outstanding in respect of Fixed interest rate loan shifted to other banks + Applicable GST.

Nil for all other loans prepaid

MINIMUM INCOME STIPULATION

For all types of individual borrowers: Gross Annual Income of Rs 2.00 lacs
For proprietorship/partnership firms and companies: Cash Profit (PAT+ Average Depreciation) of Rs 2.00 lacs for the previous financial year.

LOAN PROCESSING CHARGES

LPC: 1.0% of the loan amount plus applicable GST Minimum of ₹2000/- + GST
Maximum: ₹15000/- + GST
(Nil for employees mentioned at para Rate of interest)

RATE OF INTEREST (SUBJECT TO CHANGE)

Tenor upto 04 years: RLLR+3.75% (Fixed)

Tenor above 04 years:RLLR+4.75% (Fixed)

The interest rate concession applicable to employees of various Govt Departments/ institutions, as noted below, shall continue till validity of such MoUs unless otherwise notified:

Employees of SMVDSB 25 bps
Employees of Police Departments 10 bps
Employees of University of Kashmir 10 bps
Employees of NIT Srinagar 10 bps
Employees of Central University of Jammu 10 bps
All other employees of J&K/ Ladakh Gov’t. 25 bps

Interest rate concessions of 50 bps (including existing concession as per MOUs specified above or concession to women borrowers, if any) to individual borrowers having credit score of above 750 in case of CIBIL or above 650 in case of CRIF. Similar concession shall be extended to non-individual borrowers with internal rating grade of 1 or 2.

Interest rate concession of 25 bps (including existing concession as per MOUs specified above or concession to women borrowers, if any) to individual borrowers having credit score of 701-750 in case of CIBIL or 610-650 in case of CRIF. Similar concession shall be extended to non-individual borrowers with internal rating grade of 3 or 4.

ELGIBILITY

Permanent Employees of State / Central Government, Semi-Government Undertakings, Institutions and Autonomous Bodies.
Regular Employees of Private Limited Companies / Private Organizations and other Reputed Private Institutions/ Establishments who have a service of at least 2 years with the current employer
Contractual Employees of Central/State Government, Semi-Government Undertakings and Autonomous Bodies (provided there are no instances of termination of employment of such employees previously).
Professionals or self-employed individuals with at least 2 years’ experience in business/profession/activity. (This category shall include proprietors, partners and promoters of companies where the loan is sanctioned in their personal capacity. Gross Income in this case shall mean income as shown in proof of income obtained)
Persons engaged in agricultural and allied activities.
Pensioners of State/Central/UT Gov’t, PSU’s (Public Sector Undertakings), autonomous bodies and Institutions. (Family pensioners shall not be eligible).
Employees appointed under SRO 202 (to be treated at par with Permanent Employees of State/Central Government) subject to the condition salary for at least 6 months has been credited in the savings account of the applicant.
Partnership firms and companies which have been in existence for a minimum of 02 years.
HUF can also avail car loan facility. HUF can apply for the loan through Karta and the documents, as prescribed, shall also be executed by the Karta on behalf of the HUF. However, it shall be ensured that a joint application is obtained from all the coparceners for the loan whereby they will also confirm that the loan facility is used for the benefit of the HUF.
Applicants who do not fall in any of the above categories may be also be financed subject to the condition that the applicant has a stable/perpetual source of income and provides proof to the satisfaction of the sanctioning authority.

VALUATION OF THE VEHICLE

Value of the vehicle shall be the lower of the following (subject to satisfaction of the BU Head and Advances In-charge):

Ex-showroom price of the vehicle as per original sale invoice less depreciation, which shall be as follows:

Age of the vehicle	% Of Depreciation for fixing value.
Upto 06 months.	5%
06 Months to less than 01 year	10%
01 year to less than 02 years.	20%
0 years to less than 03 years.	30%
03 years to less than 04 years.	40%
04 years to less than 05 years.	50%.
05 years to less than 06 years.	60%.

Insured Declared Value (IDV) of the vehicle as per latest insurance policy.
Consideration Amount as per agreement to sell between seller and buyer or as per invoice from registered used car dealer.
Note: In case original sale invoice is not available, sanctioning authority may consider minimum of value as depicted in documents mentioned at Serial II & III above.

The post JK Bank Car loan Scheme for purchase of Used cars for private use appeared first on Kashmir Publication.

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( With inputs from : kashmirpublication.in )

February 8, 2023

Home, personal loan EMIs set to rise as RBI hikes repo rate for 6th in a row – Here’s the math behind it – Kashmir News

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Home, personal loan EMIs set to rise as RBI hikes repo rate for 6th in a row – Here’s the math behind it – Kashmir News
ED seized Rs 859.15 cr under PMLA in illegal loan apps cases: MoS Finance

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New Delhi: The Reserve Bank of India (RBI) has furnished a list of digital lending apps (DLAs) being used by the regulated entities (REs) of RBI to the Ministry of Electronics & Information Technology (MeitY), which in turn has shared the list with the respective intermediary (app stores) and requested them to ensure that only the apps figuring in the list are hosted on their app stores.
This was informed by Union Minister of State for Finance, Bhagwat Kisanrao Karad, in a written reply to a question in the Rajya Sabha on Tuesday.
Giving information on addressing the issue of money laundering through illegal loan apps, the minister saod that the Enforcement Directorate (ED) has been entrusted with the task of curbing money laundering under the provisions of PML Act, 2002.
The ED has initiated investigation under PMLA in several cases where the proceeds of crime have been generated and acquired by accused persons/entities through illegal loan apps, Karad said.
In these cases, the minister said that as on date, proceeds of crime of Rs 2,116 crore (approx) have been identified, out of which proceeds of crime amounting to Rs 859.15 crore has been attached/seized/freezed under the provisions of PMLA.
Further, assets amounting to Rs 289.28 crore have been seized under Section 37A of Foreign Exchange Management Act, 1999.
Giving more information, Karad said that the RBI has issued master circular on Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating Financing of Terrorism (CFT)/Obligation of banks and financial institutions under the Prevention of Money Laundering Act (PMLA), 2002.
Under this circular, banks and financial institutions have been advised to follow certain customer identification procedures for opening of accounts and monitoring of transactions of suspicious nature to avoid its misuse for money laundering and reporting the same to the appropriate authority, the minister said.

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( With inputs from www.siasat.com )

February 8, 2023
J&K Bank Consumer Loan Scheme Check Eligibility
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- Permanent Employees of State / Central Government, Government / Semi-Government Undertakings & Autonomous Bodies.
- Employees on contractual basis with Central/State Govt, Government/Semi-Government Undertakings& Autonomous bodies shall be eligible, if they have been in current contractual job for a period not less than I year and the remaining contract period is longer than the chosen repayment period.
- Teachers under Rehaber-a-Taleem, J&K Govt.
- Officials under Rehaber-a Zeerat, J&K Govt.
- Pensioners both State/Central drawing their monthly salaries/pension through our bank.
- Employees of Private Limited Companies, Private Organizations, Reputed Establishments having a minimum 1 year relationship with our bank (Assets or liabilities).
- Professionals, self-employed individuals (Businessmen included) & Proprietorship Concerns, having a minimum 1 year relationship with our bank (Assets or liabilities)
- Finance under this Scheme shall also be provided to regular teachers of recognized private schools (must be permanent residents of Union Territories of J&K and Ladakh).
NOTE:Employees on Adhoc basis shall not be eligible.
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( With inputs from : kashmirpublication.in )
February 6, 2023
JK Bank Coaching Fee Loan Scheme Check Eligibility
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NATURE OF FACILITY
Term Loan
PURPOSE
Financing fees of coaching classes or institutes that train students for entrance examinations to courses like medicine, engineering and civil services etc. and for other related expenses like lodging / boarding, purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials.
CLASSIFICATION
Priority.
ELIGIBILITY
Student should be an Indian National and should have completed Class X or above aspiring for admission in Engineering, MBBS, MBA, Post-Graduation courses etc.
Students pursuing graduation/post-graduation course or employed individuals, desirous of competing for Civil Service Exam of UPSC / State Public Service Commission for employment in IAS, KAS, IPS, KPS etc.
The students should have secured a minimum of 55% marks in the previous qualifying exam.
Age not exceeding the maximum for targeted competitive exam
Parent/Guardian only borrower, if age of the student is below 18 years.
Parent/Guardian, jointly with the student if age of the student is 18 years or above.
BORROWER ELIGIBILITY
Permanent Employees of State / Central Government, Government / Semi-Government Undertakings, Autonomous Bodies, Public Limited Companies / Private Limited Companies who have been in current employment for a period of not less than two years.
Professionals, Self Employed Individuals ,Proprietorship Concerns, Persons engaged in agricultural and allied activities having at least one year satisfactory dealing with J&K Bank.
Pensioners State/Central Government, Public Sector Undertaking.
BORROWER’S AGE
Maximum age of Parent/Guardian at loan maturity: 65 years or age of retirement whichever is earlier.
If Parent/Guardian is a pensioner maximum age at loan maturity: 68 years
MAXIMUM LOAN:
Rs. 2 Lakh per child for coaching studies in India.
Maximum Amount per parent/guardian- Rs.4 Lakh only.

Finance for purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials should not exceed Rs. 40,000/= per student within the overall limit of Rs. 2.00 Lakh.
QUANTUM OF FINANCE
For Permanent Employees / Pensioners: Maximum 18 times of gross monthly salary / pension/ income or 90% of coaching fee (which may include boarding & lodging expenses if available in-house) plus 75% of the other expenses like purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials or Rs 2 Lakh per child/student, whichever is lower.
For Other Eligible Categories: 1.5 times of average gross annual income of last two years or 90% of coaching fee (which may include boarding & lodging expenses if available in-house) plus 75% of the other expenses like purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials or Rs 2 Lakh per child/student, whichever is lower
PROCESSING CHARGES
Rs. 250
MARGIN
10% of the coaching fee (which may include boarding & lodging expenses if available in-house).
25% of the other expenses like purchase of Laptop/ PCs / Netbooks / Tablets / Study Material / eTutorials
SECURITY
Primary : NIL
Collateral: Third Party Guarantee of One person.
In case of pensioners, guarantee of one person & guarantee of Spouse eligible for family pension shall be obtained.
No third party guarantee required in respect of permanent employees of State – UT and Central Government, State–UT / Central Government Undertakings & Autonomous bodies drawing salary through our Bank and where letter of undertaking from employer is available.
RATE OF INTEREST (SUBJECT TO CHANGE)
RLLR + 2% Floating
Click here for rate of Interest
REPAYMENT
36 months including moratorium period of 3 months.
The post JK Bank Coaching Fee Loan Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
February 6, 2023
JK Bank Housing Loan Scheme Check Eligibility
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Purchase/Construction:
Primary:
Purchase/Construction:
- Equitable/ Registered Mortgage of house property/flat to be constructed/ purchased. (House property to include land underneath & appurtenant thereto in case independent house only).
- The title of the property must be clear, marketable and free from encumbrance.
- Where mortgage of house /flat cannot be created immediately and / or possession of house / flat is not given in situations like house/flat or under construction house / flat or to be constructed house/ flat is being purchased/ from the Housing Board/ Co-operative Society / Development Authority/ Construction Company/ Builder and title/conveyance deed is executed in favour of purchaser only after completion of full or partial construction after purchaser making full payment of the cost of house/flat, a tripartite agreement shall be executed amongst the
1) Housing Board/ Development authority / Co-operative Society/ Construction Company/ Builder,
2) The Borrower and
3) The Bank wherein the Housing Board/ Development Authority / Co-operative Society/ Construction Company/ Builder undertakes that the title to house/ flat shall be transferred to the Borrower immediately on receipt of entire sale consideration and the Bank’s lien shall also be marked in their/ his records, thereafter to be followed by execution of mortgage deed in favour of the Bank once the project has been completed and Sale Deed (Deed of apartment/Conveyance Deed in case of Flats) has been executed. Charge to be registered in favour of the Bank with the concerned authorities. Besides tripartite agreement an affidavit cum undertaking from the Housing Board/ Development Authority / Co-operative Society/ Construction Company/ Builder to the effect that the construction shall be as per the sanctioned plan & building bye laws, to be obtained.
Repairs/Additions/Alterations/Extension of existing houses:
- Equitable/ Registered Mortgage of house property/flat to be repaired / renovated. (House property to include land underneath & appurtenant thereto in case independent house only).
Collateral:
- No collateral security /3rd party guarantee is required in all cases except in case of following:
  Pensioners- guarantee of spouse / Legal Heir(s), who is / are entitled for family pension.
  NRIs- 3rd party guarantee of two resident Indians of sufficient means to cover the liability apart from the other securities shall be obtained.
  Loans upto Rs.5.00 lacs (Rs.10.00 lacs in case of employees Goverenment of UT of J & K and UT of Ladakh) to be granted for the purpose of repairs/ additions/alterations /extension of existing houses, where the mortgage of the house property is not taken as security.
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( With inputs from : kashmirpublication.in )
February 4, 2023
Jammu & Kashmir: DGP Sanctions Welfare Loan of Rs. 71 Lakh in Favour of 60 Serving Police Personnel – Kashmir News

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DGP sanctions welfare loan of Rs. 71 lakh in favour of 60 serving Police personnel
Jammu, February 02: Continuing with an aim to provide financial assistance to meet the urgent needs of Police personnel, the Director General of Police, J&K Shri Dilbag Singh has sanctioned over Rupees 71 lakh welfare loan in favour of 60 serving officers and personnel of J&K Police vide PHQ Order No. 348 of 2023.

Under this order, welfare loan ranging from rupees 01 lakh to rupees 1.50 lakh has been sanctioned in favour of 51 personnel for the purpose of their own marriage, or for marriage of their wards/relatives. Similarly, welfare loan of rupees 01 lakh to rupees 1.50 has been sanctioned in favour of 07 Police personnel for pursuing higher education of their ward.
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( With inputs from : kashmirnews.in )

February 2, 2023
JK Grameen Bank Dairy Loan Scheme Check Eligibility

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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

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( With inputs from : kashmirpublication.in )

February 2, 2023
JK Bank Bike, Scooty Loan Finance Scheme Check Eligibility
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PURPOSE
For purchases of fresh Two wheelers i.e. Scooters, Scooties, Motor Cycles, Mopeds, Battery-Operated Scooters etc of any make and model.
ELIGIBILITY
Employees of Government/Semi-Government Undertakings, Autonomous bodies, Public Sector Undertakings, Private Companies or Reputed Establishments.
Professionals or Self-employed individuals / Businessmen / Employees on contractual basis (Rehbare-I-Talim, Rehbare-I-Zerat)
Pensioners , Family Pensioners drawing their pensions from our Bank.
Persons engaged in Agricultural and allied activities.
Students with a parent (Mother or father or both) as Co-borrower. Income of both the father and mother can be considered for arriving at quantum of finance and repaying capacity.
Housewives aged 18 years & above, with spouse as Co-borrower. Income of the spouse shall be considered for finance.
Minimum employment
(Applicant/Co-borrower): The applicant must have been in current employment for a period not less than 6 months or must have a business standing of at least 1 years.
Employees on contractual basis in Government / Semi-Government undertakings, Autonomous bodies & public Sector undertakings shall also be eligible, if they have been in current contractual job for a period not less than 1 year and the remaining contract period is longer than the chosen repayment period.
AGE
Minimum age of applicant/co-borrower: 18 years
(16 years for purchase of scooter having engine capacity below 55CC).
Maximum age of applicant at loan maturity: 65 years.
INCOME CRITERIA
Minimum Net Annual Income : Rs. 75,000/- .
QUANTUM OF FINANCE
Minimum: Rs.25,000/-
Maximum: Rs.2,50,000/-
MARGIN
10% of the ex-showroom price for Two wheelers with ex-showroom price up to Rs.1,00,000/-.
20% of the ex-showroom price for Two wheelers having ex-showroom price above Rs.1,00,000/-.
REPAYMENT PERIOD
Maximum period of 60 months.
RATE OF INTEREST (SUBJECT TO CHANGE)
RLLR+2.00% (Fixed) RLLR+1.50% (Floating)
Click here for rate of Interest
Rebate of 25 basis point for female borrowers.
SECURITY
Primary
Hypothecation of Two – Wheeler to be purchased.
Collateral
a) No third party guarantee required in respect of permanent employees of State / Central Government, State / Central Government Undertakings & Autonomous Bodies drawing salary through our Bank and where letter of undertaking from employer is available.
b) Guarantee of one person for all others.
PREPAYMENT CHARGES
Nil
PROCESSING CHARGES
1% of Loan amount to be paid upfront subject to a
Minimum of Rs. 500/- and
Maximum of Rs-2000/
The post JK Bank Bike, Scooty Loan Finance Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )
February 2, 2023

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Tag: Loan

NATURE OF THE FACILITY

PURPOSE

ELIGIBILITY

AGE

SCALE OF FINANCE

MARGIN

SECURITY

PROCESSING CHARGES

REPAYMENT

PREPAYMENT

RATE OF INTEREST (SUBJECT TO CHANGE)

NAME OF PRODUCT

PURPOSE

NATURE OF FACILITY

AGE

MARGIN

MAXIMUM LOAN AMOUNT

REPAYMENT PERIOD

SECURITY

PREPAYMENT PENALTY

MINIMUM INCOME STIPULATION

LOAN PROCESSING CHARGES

RATE OF INTEREST (SUBJECT TO CHANGE)

ELGIBILITY

VALUATION OF THE VEHICLE

NATURE OF FACILITY

PURPOSE

CLASSIFICATION

ELIGIBILITY

BORROWER ELIGIBILITY

BORROWER’S AGE

MAXIMUM LOAN:

QUANTUM OF FINANCE

PROCESSING CHARGES

MARGIN

SECURITY

RATE OF INTEREST (SUBJECT TO CHANGE)

REPAYMENT

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

Objective:

Eligibility

Age Criteria

Unit Size

Margin

Security:

Repayment Period

Gestation Period – 3 months

PURPOSE

ELIGIBILITY

AGE

INCOME CRITERIA

QUANTUM OF FINANCE

MARGIN

REPAYMENT PERIOD

RATE OF INTEREST (SUBJECT TO CHANGE)

SECURITY

PREPAYMENT CHARGES

PROCESSING CHARGES