Syndicate Farm House Scheme -
Bring Home the Happiness
- The scheme is meant for farmers to enable them to have a decent dwelling house
which also takes care of other requirements such as cattle shed, drying yard, farm
implements shed.
- Credit support is extended up to a limit of Rs.20 lakh for construction of farm
house. Loans for repair of damaged houses are also extended in rural and semi-urban
areas up to Rs.1.00 lakh.
- Loan is available for purchasing ready built house and also construction of additional
farm house. Maximum repayment period is 20 years for new farm house and five years for
repair of farm house and the repayment period is linked with the cash flow.
- The borrower should be an agriculturist with assured source of income and should not
be more than 55 years of age Margin to be contributed is 25% of the estimated cost
of construction / repair.
- No conversion of land is necessary and no income proof insisted.
Note:
PTLR = Prime Term Lending Rate.
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