Eligibility:
Branch area urban / rural non-defaulting persons who are willing to start private business, new business situation required substantial experience.
Loan Limit:
Maximum Rs 25000.00 (as the term or cash credits).
Based on the Business benefits and the borrower repayment capacity.
Validity:
Loans will be approved for a maximum of 5 years. To be renewed annually and the review of the renewed account is required.
Margin:
15% margin, and the loaning amount will be 85%.
Interest Rate:
Interest rate will be 10.50% annually and will be charged on a monthly basis.
** For more information please visit your nearest branch of District Co-Operative Bank Ltd. Lucknow
Admin can Login to their accounts here.
