Kisan Mitra Loan

• Simplified Assessment
• Range of Facilities (Fund and Non fund) 
• Radius of operation upto 75 kms from rural lending designated branch

Competitive interest rate will be linked to Prevailing Repo Rate. Ceiling rate will be 18% Per annum. PF 0.75% + Applicable taxes.

• Repo Rate Reset Frequency - Once in 3 months or as decided by Bank, whichever is earlier.
• The Bank is free to decide the spread over the Repo Rate. The spread may undergo a change during the tenure of the loan.
• Customers who have already availed disbursement or received a sanction prior to October 1, 2019 will continue to operate on MCLR. Existing customers can get in touch with our customer care, if they wish to switch to Repo Rate.

Ceiling rate will be 18% per annum. PF 0.75% + Applicable Taxes.

• MCLR Reset frequency – Monthly/Quarterly/Half yearly/Yearly

• Existing Loan on the Base Rate will continue till maturity or can be converted into Repo rate on customer request.

• Overdraft   
• Cash Credit
• Working Capital Demand Loans
• Term Loan

• Letter of Credit (For Working Capital & Capex) both Domestic and FCY
• Bank Guarantee.

Financing working capital, capital expenditure and non-fund based requirement of the borrowers.

Minimum: Rs. 10.01 lakhs and maximum up to Rs. 500.00 lakhs

• 15 Crs. For Non-Proprietary entities
• No Cap for Proprietary Concerns
• Turnover arrived from throughput in case of commission Agents will not be considered for Turnover cap Limit

Proprietorship/partnership firm/LLP/Companies