Eligibility

Existing Kisan Credit Card (KCC) holders/ Kisan Samriddhi Yojana (KSY) borrowers. The borrower must have satisfactory track record (existing accounts should be in Standard/CBR-0/SMA-0 category) of atleast two years.

However, borrowers having CBR-0/SMA-0 category accounts as on the date of application/sanction will not be eligible.

Only standard and regular accounts as on date of application shall be considered for KTR eligibility

A borrower who has previously availed a similar facility (Kisan Tatkal Rin) from our Bank shall also be eligible provided the earlier loan has been fully repaid as on date of application.

Joint borrowers will not be eligible.

Nature of Loan

Term Loan for 5 years, payable in 5 yearly installments starting after 12 months from date of disbursement.

Extent of Loan

Need Based; 25% of the existing* limit with maximum of Rs.1.00 lakh.

Minimum: Rs.1000/-

Maximum : Rs.100000/-

*Existing limit means Kisan Credit Card (KCC) or Kisan Samriddhi Yojana (KSY) limit.

Margin

NIL

Service Charges

NIL

CIBIL Charges

Rs.100/-+ GST

Security

No additional security/ies required

Rate of Interest

Presently, MCLR + 1.25%

Repayment

5 years

Disbursement

Instant Disbursement in Saving Account of borrower