State Bank Of Hyderabad Agricultural Loans

Hi buddy I want to apply for State Bank Of Hyderabad Agricultural Loans, so would you plz tell me basic info for this loan ??

State Bank of Hyderabad is a nationalized bank in India, with headquarters at Hyderabad, Telangana.

As you want to apply for State Bank Of Hyderabad Agricultural Loans, so here I am telling require info:

Margin :
No margin up to `10, 000
15% to 25% above `10, 000

Eligibility :
All individuals, groups of individuals, and corporate entrepreneurs who have experience in the line of activity

Security :
Term loan Where movable assets are created:

Up to `25000:
Hypothecation of assets

Over `25000:
Hypothecation of assets and mortgage or declaratory charge over farm lands or 3rd party guarantee.

Where movable assets are not created:
Up to `10000:
DP Note, DP Note delivery letter

Over `10000:
Mortgage of farmlands or 3rd party guarantee


Disbursement :
In Instalments according to the progress of work and amount payable direct to suppliers wherever moveable assets are financed

Repayment :
Minimum of 3 years with a maximum repayment period of 15 years including the gestation period depending on the type of schemes and in line with NABARD norms

Insurance :
Waived up to `10, 000

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Answered By StudyChaCha Member