Term Loans for Agriculturist

JEWEL LOAN

I AGRICULTURAL PURPOSE
II PRODUCTIVE PURPOSE
III CONSUMPTION PURPOSE

EDUCATIONAL LOAN:

• Graduation & Post Graduation.
• Professional Courses (Engineering, Medical, Management, Agriculture)
• ICWA , CA, CFA etc.
• Courses conducted by IIM, IIT, IISC, NIFT etc.
• Courses offered by National Institutions
• Studies abroad.

All the courses should have been recognized by State/Central Govt.
Student.
I. Any major student or a minor student represented by parent or guardian of Indian Nationality.
II Secured admission on the basis of merit to Professional/ technical/ other courses through entrance test/selection process.
III Any student of Indian Nationality who has secured admission in any Foreign University subject to other eligibility conditions.
Loan Amount.
IV For studies in India:
Maximum Rs.10 Lakhs per Course or actual whichever is less.
V For studies abroad:
Maximum Rs.20 Lakhs per Course or actuals whichever is less.

Eligible expenses for deciding the finance:
1 Fee payable to College/School/Hostel
2 Lodging and Boarding expenses.
3 Examination/Library/ Laboratory fees.
4 Purchase of books/Equipment/Instrument/Uniform/Travel expenses/passage money for studies abroad.
5 Purchase of Computer if certified by the institution that it is essential for completion of the course.
6 Any other expenses required to complete the course.

Margin

I Up to Rs 4 Lakhs - Nil
II Above Rs 4 Lakhs - 5%
III Studies abroad - 15%


Security
I Up to Rs 4 Lakhs - Co-obligation of parents

II Above Rs 4 Lakh - Up to Rs.7.50 Lakh- co-obligation of parents together with collateral security in the form of third party guarantee.

III Above Rs.7.50 Lakhs - Collateral Security up to 150% of the loan amount, besides Co-obligation of parent or guardian.

Repayment
Moratorium: Course period+1 Year or 6 months after getting job, whichever is earlier. Loan to be repaid in 5-7 years. .

MORTGAGE LOAN

• Applicants with high integrity and having sufficient repaying capacity from known sources.
• Minimum Loan amount is Rs.50000/-
• Margin:- 30% where asset is created and in all other cases 50%.
• Security:
  1 Mortgage of property worth more than double the value of the loan.
  2 Properties Consisting of buildings which are leased out/rented out will not be accepted.
  3 One Co-obligants having landed property worth more than the loan amount.
• Repayment:
  Within a maximum period of 84 months.

HOUSING LOAN

• For acquiring house site and constructing house thereon.
• For construction of house on the land already owned by the party.
• For making extension/additions to the existing house.
• For carrying out repairs/ to damaged house.
• Individuals who are in gainful employment/profession/business are eligible.