9. Scheme For Poultry Financing

Loan Amount : Need-based in respect of the projects

Loan Term : Repaid in six years on monthly basis including moratorium period of one year at the initial stage.

Interest Type (Floating or Fixed) : Floating

Interest Chargeable : Term Loan : 

i) Below Rs. 25.00 lacs- 1.90% to 3.90% +BR i.e. 11.55 to 13.55% p.a. 
ii)   Rs. 25.00 Lac to Rs. 100 Crore( with CRA Rating)-2.15% to 3.90% + BR i.e. 11.80 to 13.55 % p.a.

Working Capital:  

i) below Rs. 25.00 lac-1.75% to 3.75% +BR  i.e. 11.40 % to 13.40 % p.a.
ii)  Rs.25 lac and above (with CRA Rating)-2.00% to 3.75 %+BR i.e. 11.65% to 13.40% p.a.

Fee Payable during the term of the loan

Processing Charges:
i) upto Rs 3 lacs- Nil
ii) > Rs. 3 lacs-0.30% of loan amount with Maxi. Rs. 30 lacs

Inspection Charges:
i)  Upto Rs.25000/-  Nil
ii)  > Rs. 25,000/- & upto Rs. 2 lacs: Rs.500/- p.a
iii)  > Rs. 2 lacs  -Rs. 500/- per lac p.a. 

Upfront Fee:
i)  Up to Rs. 2.00 lac    -  Nil
ii)  Above Rs. 2.00 lac   -1.15% of the loan amount.

Penalty for delayed payments: @ 2% on the entire outstanding for the period of default.

EMI payable : Repaid in six years on monthly basis including moratorium period of one year at the initial stage.

Details of Security/ Collateral Obtained

Primary: Hypothecation of assets created out of bank finance

Collateral : Upto Rs 100000/-  Nil and above Rs 100000/- Mortgage / charge on Land,. The value of land mortgage should be at least 125% of the loan amount.