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Agricultural Loans Medium Term for Freedom Fighter

Overview:

Many freedom fighter or martyr/dead/war-wounded/poor freedom fighter's family are living in financial crisis. The motivation Agricultural Loans Medium Term for Freedom Fighter is to give loan opportunities with low interest rate and simple condition to the freedom fighter or martyr/dead/war-wounded/poor freedom fighter's family (husband/wife/son/daughter) who are unable to give any security, deprived of benifits and helpless. So that they can improve their financial conditions.


Term:

Short-term: upmost 12 months
Term: upmost 36 months


Interest Rate:

8% simple 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:

Upto 1,00,000/- no security needed.
Above 1,00,000/- 2 times of loan amount is needed as security.


Loan Limit:

Upto 5,00,000/-


Eligibility:

1. Must be freedom fighter or martyr/dead/war-wounded/poor freedom fighter's husband/wife/son/daughter.
2. Must have evident plan.
3. Must involved in small bussiness/self-employment activities.
4. Must be NID card holder.
5. Permanent resident certificate from UP chairman/municipal or city corporation councilor.
6. Business activities have to be within branch area.


Documentation:


Details Information:

Contact nearest branch.


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