Warehouse Loan
Warehouse Loan
A warehouse loan is intended to make it easier to store farm products in rural locations. As a result, loans for the construction of warehouses in rural areas are available. For the construction of warehouses for various purposes, banks do offer alternative credit packages.
NABARD regulates warehouse loans, which often have lower interest rates than other lending kinds. The current interest rate on this type of loan is from 10.5 to 11.5 per cent.
Warehouse loan interest rate:
Starting from With the down payment of 25%
we provide Warehouse loan for a repayment tenure upto ….
Warehouse Recipet Loan
| SR NO | GOLD VALUATION | RATE OF INT |
|---|---|---|
|
1 |
UP TO VALUATION 50% |
13% |
|
2 |
UP TO VALUATION 51 TO 70 |
13.5% |
|
3 |
UP TO VALUATION 71 % TO 80% |
15% |
|
4 |
UP TO VALUATION 81 TO 90 % |
17% |
Required Document
- Aadhaar Card Xerox
- Voting Card Xerox
- PAN Card Xerox
- Light Bill Xerox
- Ration Card Xerox
- Photo 4
- Vehicle key
- Vehicle Quotation
- Verify signature
- Driving License
- Bank Passbook Xerox (Nationalized Bank)
- Encumbrance the name of the institution on the RC book and insurance receipt
Guarantor 2
- Aadhaar Card Xerox
- Voting Card Xerox
- PAN Card Xerox
- Light Bill Xerox
- Ration Card Xerox
- Photo 1
Note :- Borrower and both guarantors must have membership and income proofs of the organization
10% reduction in loan amount
Interest Rate :- 15 %
Rate of interest on arrears :- 2 %
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