Two Wheeler Loan to Farmers

Beneficiary An agriculturist having land in his own name or his family member. Borrower should not less than 21 years at the time of application and not more than 60 years at the of maturity.
Purpose For the purchase of new two wheelers.
Loan Limit Maximum amount up-to Rs. 0.50 Lac or 75% of value of vehicle whichever is less.
Rate of Intt 12.00%
Margin 25%
Repayment Period Maximum 5 years.
Collateral Security Two Good Sureties as per satisfaction of the bank.
Area of Operation Loan shall be advanced in the area operation in the Muktsar district.