South Indian Bank Agriculture Gold Loan

As I want to take loan from the South Indian Bank so please tell me about the types of loans provided by this bank? Give me details about the Agriculture loan and the Gold Loan of the South Indian Bank, also tell me about there interest rates?

Hello sir I am Bheem, can you please provide me application form for applying for Agriculture Loan of South Indian Bank???

[pawan]

South Indian Bank Limited (SIB) is a private sector bank headquartered at Thrissur City in Kerala, India.

Here as per your demand I am providing you application form of Agriculture Loan of South Indian Bank

Application form of Agriculture Loan of South Indian Bank





In this form you have to fill the following details:
1. Full Name of the applicant
2. Full Address
3. If a member of the Joint Hindu Family, if so,Name ofthe ‘Karta’
4. Caste
5. Particularsof land holdings
6.Net annual income oft he borrower from all known activities / occupations. Rs.
7.Particulars of existing liabilities of borrower
8.Particulars of Farm Equipments owned

Hello sir I want to know about South Indian Bank Agriculture and Gold Loan so here can you please give me basic details about loan ?

[Raman Vij]

Hey as South Indian Bank Limited is a private sector bank headquartered at Thrissur City in Kerala, India

Agriculture loan

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 :

Term Loan – Minimum Rs. 1.00 lac

Maximum Rs.25.00 lacs

Repayment capacity :

75% of the annual income certified by the Br.Manager will be treated as the annual repayment capacity of the borrower.

Security

Primary : Hypothecation of crops / assets created.

Collateral : Please contact the nearby branch.


Repayment period :

Up to 7 years in monthly / quarterly / half yearly instalments.

Disbursement :

Loan proceeds to be credited to the SB/CD account of the borrower.

Foreclosure penalty :

2% of the outstanding amount / DP at the time of closure, whichever is higher.

Gold max loan
Purpose :
To meet the customer personal requirement.
Minimum amount of advance:
Rs.5,000/-
Security :
Pledge of 22ct Gold Jewellery/Ornaments
Period of Advance:
6 months
Cut off date for redemption/auction:
7 months
Minimum interest:
Minimum for 5 days or Rs.50/-, whichever is higher.
Handling charges:
Nil