JK Bank Karobar Card Loan Scheme Check Eligibility, Rate Of Interest

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To increase the flow of credit to individuals for entrepreneurial activity in the non-farm sector.

Both working capital and term loan.

  • Individuals engaged in the entrepreneurial activity in the non-farm sector, , which is eligible for classification under the priority sector guidelines
  •  Loan facility under General Credit Card (GCC) should, however, not be extended to ACC, WCC borrowers.
  • The borrowers should not have been loan defaulter at any bank/ branch.

 

Maximum of  1.00 lacs.

Maximum: 60 months including maximum moratorium period of 03 months.

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Micro Enterprise.

Upto 50,000: No margin is required for loans.

Above  50,000 and upto 1.00 lac: 10%.

For working capital: 20%.

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PRIMARY: Hypothecation of all the assets financed.

COLLATERAL: Nil.

 

RLLR+1.00%

Click here for rate of Interest

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