#1
30th November 2016, 02:54 PM
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Sbbj kcc
My father wants to apply for KCC at nearest branch of SBBJ Bank. He wants to know about interest rates given by SBBJ Bank for KCC, so do you have any idea about latest interest rate?
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#2
30th November 2016, 03:57 PM
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Re: Sbbj kcc
As you want to get information about KCC of State Bank of Bikaner and Jaipur (SBBJ), so here I am providing following details: Nature of Facility CASH CREDIT: Entire production credit requirement for the full year Credit requirements for ancillary needs such as maintenance of agriculture machinery/ implements, electricity bills, diesel charges & unforeseen credit needs related to crop production, be made upto 20% of aggregate scale of finance without cap. Quantum of Limit : The total limit (cash credit & term loan) should have a relationship with the projected net earning and the repayment capacity of the borrower including his existing loan obligations, if any MARGIN : For Cash Credit component NIL For Term Loan upto Rs.1,00,000/- NIL Above Rs.1,00,000/- 15 to 25% depending upon the capacity of thefarmer. Security : Upto Rs.1,00,000/-Hypothecation of crops and movable assets. Above Rs.1,00,000/-:- Primary :-Hypothecation of crops & movable assets created out of loan. Collateral :-Mortgage of land where only immovable assets are created / charge over land where movable assets are created. Rate of Interest : For Crop Loan(Working Capital): - Upto Rs. 3,00,000/-* = 7 % p.a. Above Rs. 3,00,000/- = as applicable to limit amount. For Term Loan: - As per limit amount & credit rating in agri. sector Repayment Period : Cash Credit: 12 Months Term Loan: 5 Years Validity Period : 5 (five) years State Bank of Bikaner and Jaipur KCC Details sbbjbank.com/We-offer/agriculture/applications/APPLICATIONFORMFORAGRICULTURECREDIT.pdf |