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  #1  
Old 30th November 2016, 02:54 PM
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Default 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  
Old 30th November 2016, 03:57 PM
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Join Date: Aug 2012
Default 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
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