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1. Agriflex
For any agricultural / allied activity
Target Group :
Individuals and / or jointly with spouse / parents or joint Property owners.
Net worth by way of landed property should be at least twice the loan amount.
Purpose : Any agricultural / allied activity.
Eligibility : Based on unit cost of NABARD / scale of finance of the Agrl. / allied activity undertaken by the borrower.
Quantum of loan : Minimum Rs. 1.00 lac and
Maximum Rs.25.00 lacs
2. Mobiloan Agricultural
Target group : Agriculturists – individuals/ jointly with spouse/ Plantation companies
Type of vehicle : Tractor with or without accessories, two wheelers, goods autos, jeeps, pick-up /delivery vans/ trucks etc for agricultural purposes.
Minimum land holding : Those having at least 1 acre of cultivated area.
Loan amount : Upper Ceiling Rs.10.00 lacs
Margin :
25% of cost of vehicle if collateral cover is less than 50%
15% of cost of vehicle if collateral cover is 50% or above but not fully covered( Power- Regional Heads)
10% of cost of vehicle with full cover collateral
To download application form Click here
Source: http://www.southindianbank.com/
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