Loan Page

KCC Loan

Title	Norms
Purpose	Agricultural.
Eligibility	Land owned farmers, Tenant farmers, A Class Membership in the Bank
Limit of Loan	Small Scale Farmers : Rs. 3,00,000 Large Scale Farmers : Rs.10,00,000
Repayment period (months)	12
Repayment mode	Within one year
Documents Required	Original Tax Receipt, Authorization letter of Agricultural Officer
Rate of Interest	Upto 3 Lakhs Rate 7% (Subsidy and subvention by Govt for prompt repayment 3% Net 4%) Above 3 Lakhs: 7% Penal Interest: 2% extra for default amount
Security	Personal Surety : Maximum Rs. 50,000 Employee Surety : Maximum Rs. 1,00,000 Property : Maximum Rs. 10,00,000