PNB KCC Loan Interest Rate

What is interest rate for Loan on Kishan Credit Card (KCC) given by Punjab National Bank (PNB)? My uncle told me to know about interest rate. So can you please provide a file that has application form of Punjab National Bank (PNB) for Kishan Credit Card (KCC) Loan? What is total duration in this process?

I want to know the Interest Rate on Kisan Credit Card KCC in Punjab National Bank PNB so ill you please tell me?

[pooja]

The Kisan Credit Card Scheme (Krishi Card) offered by Punjab National Bank focuses on solving the financial problems faced by Indian farmers.

Through this scheme, farmers can get the financial support they need from the bank in the form of loan.

PNB Kisan Credit Card Interest Rates

The interest rate is 7 percent on Kisan Credit Card loans of up to Rs.3 lakhs or regular crop loans

The interest rate is Base Rate + 2 percent on loans of up to Rs.20 Lakhs (this includes Kisan Credit Card loans of more than Rs.3 lakhs or regular crop loans). The Base Rate is 9.6 percent

KCC Eligibility Criteria:

He or she has to be a farmer (Literate or illiterate) who is an owner cultivator, tenant, lessee or allottee farmer with recorded rights of occupancy or a farmer with an ancestral or perpetual right to cultivate or JLG (Joint Liability Groups)

The oral tenants can take the loan under Punjab National Bank Krishi Credit Card only if the landowners approve to becoming co- borrowers. If the accounts of the oral tenants are secured by securities such as KVP or NSC, FDR, etc. then they do not require their landowner to be a co borrower to get the loan

Landless labourers, oral lessees, tenant farmers and sharecroppers can get this card for up to maximum Rs.50, 000 based on an affidavit

For Punjab National Bank Kisan Tatkal Card Yojana:

An individual farmer or joint borrowers who already hold Kisan Credit Card and have a good banking record for at least 2 years are eligible to apply for loan under the Kisan Tatkal Card Yojana

Not more than 4 farmers can jointly take the loan under this scheme

Service Charges:-

The bank does not charge any processing fee for a Kisan Credit Card loan of up to Rs.3 lakhs

An upfront fee of 0.6 percent plus the Service Tax of the loan amount is charged for a term loan which is more than Rs.5 lakhs up to Rs.25, 000

Contact-

PNB
Plot No 4, Sector -10 Dwarka New Delhi -110075