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March 2011
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  Two Wheeler Loans

 

Objective

The main purpose of the this scheme is to purchase the new Two wheelers.

 

Eligibility

All existing agriculture borrowers having good track record with bank

Loan Limit

75% of the Value of Vehicle

Max of 25000/-

Margin

25 % of the value of vehicle

Security

1.Charge (hypothecation) on vehicle by the Bank

2.Letter of Guarantee from third Party.

Interest

 

 13% per annum.

Repayment

 

 10 equal half yearly installments.
 

 

                                                                                        

 
 
 
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 Agriculture Debt Waiver

 

The List of Debt Waiver customers of Malwa Gramin Bank.
                 Click for the List >>

    

 

 
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