| 14th October 2016 05:13 PM | |
| shikha | Re: KCC Interest Rate SBI State bank of India SBI provide Kisan Credit Card Scheme at interest at saving bank rate on credit balance in KCC account Kisan Credit Card Scheme Features and benefits - Get interest at saving bank rate on credit balance in KCC account Free ATM cum debit card (State Bank Kisan Card) for all KCC borrowers Interest subvention @2%p.a.is available for loan amount uptoRs. 3 Lacs Additional interest subvention @3% p.a.for prompt repayments notified crops / notified areas are covered under crop insurance for all KCC loans Rate of Interest : Simple interest @7% p.awill be charged for one year or upto the repayment due date, whichever is earlier. In case of non-repayment within the due dates interest is applied at card rate Beyond due date interest will be compounded half yearly Eligibility : All farmers – individuals/Joint cultivator owners Tenant farmers, oral lessees and share croppers etc. SHGs or Joint liability groups including tenant farmers Quantum of loan: Quantum of loan for 1st year will be assessed on the basis of Cost of cultivation, post-harvest expenses and farm maintenance cost For subsequent 5 year loan will be sanction on the basis of increase in scale of finance Collateral Security : Collateral security is waived for KCC limit uptoRs. 1 lac. SanctionedKCClimit will beconsidered for the purpose of fixingcollateral security requirement Documents required- Duly filled in application form Identity proof- Voter ID card/PAN card/Passport/ Aadhaar card,/Driving License etc Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc Customer service: 1800 425 3800 |
| 14th October 2016 04:32 PM | |
| Unregistered | KCC Interest Rate SBI I want to know the interest rate on Kisan Credit Card Scheme in State bank of India SBI so can you tell me? |
