Micro Irrigation System Financing
This product would be offered to client / farmers who are in need of financing purchase / installation of MIS in their farms.
The usual tenor applicable for this loan can go upto 60 Months depending upon the requirement.
- Maximum Tenure - 60 months
- Minimum Margin - 15%
- Processing fees - 1%+ST
- Interest rate for tenure between 12 months 1 day upto 18 months - 11%
- Interest rate for tenure between 18 months 1 day upto 30 months - 12%
- Interest rate for tenure between 30 months 1 day upto 36 months - 13%
- Interest rate for tenure above 36 months - 17%