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Revolving Crops Credit (RCC)

Overview:

Nowadays after including developed technology, High-yielding seeds, fertilizer, application of Pesticides in crop production, density of crop production has been increased as well as increment of season structure crop production scope tends to various kind of crop production throughout the year. To help The farmer's family who are involved in any kind of crop production all over the year, Revolving Crops Credit (RCC) program was launched.


Term:

3 Years from first withdrawal


Interest Rate:

9% flat rate


Loan Process Fee:

0.5% but not more than 2,00,000/-



Deed Process Fee:

0.5% but not more than 1,00,000/-


Security Type:

Primarily no security is needed upto 2.50 acre land to cultivate.


Loan Limit:

According to Bangladesh Bank's rules, the highest loan limit of crop in a crop year among cultivatable crops.


Eligibility:

The farmer's family who are involved in any kind of crop production all over the year is eligible for Revolving Crops Credit (RCC) program.


Documentation:

1. DP note. 2. Crop mortgage dead. 3. Letter of continuity. 4. Revival letter.


Details Information:

Contact nearest branch.


N.B. : Rate of interest is variable time to time by the Bank Interest Rate Principles.