Two-Wheeler Loan for agriculture by Karur Vysya Bank is given to agriculturists to assist them to purchase a two-wheeler. The loan is available at attractive rates of interest and can be repaid in easy installments.
- This loan is a hypothecation vehicle loan.
- It is eligible to all agriculturists who own farmland.
- It is for the purchase of a brand new two-wheeler.
- Security for the loan will be the new two-wheeler purchased out of bank finance.
|Eligibility Loan||Rs. 75,000/- per individual|
|Documentation Charges||Rs. 150/-|
|Repayment Period||3 to 5 annual installments or 6 to 10 half-yearly installments, along with interest according to cropping pattern / income of the farmer.|
Note : For details of Processing Charges and Other charges, prospective customers are requested to contact nearby branches.
|SCHEME||ROI (floating) p.a.|
|Farmers Two-Wheeler Scheme||One Year MCLR + 1.35%|