A member who is doing agriculture farming like Poultry farming/fish farming/vegetable farming persons of this co-operative Society can avail a AGL Loan for his farming.
Eligibility:A member must have to run a Savings/Current/Daily account on a regular basis for a minimum 3 years and above.
Mortgage: Loan can be given under the mortgage of NSC/KVP/LIC/other Insurances/gold and minimum 10% of loan amount can be kept as margin money including share Deposit. One member may be a family member or another member stood as guarantor/co-applicant.
Sl.No. | Maximum Limit | Maximum Repayment Period | Maximum Repayment Period |
1 | Rs. 100000/- | 12% (PA) reducing balance (T &C apply) | 5 Years |
Repayment:Loan can be paid by ECS/weekly/Monthly/ through Daily Account collected by society Agent.