DETAILS OF LOANS

NAST (Non Agricultural Short Term Loan)

• maximum amount
• Rs.1.00 Lakhs,Member Surety : 25000
• Eligibility
• A class Membership
• Interest rate
• As per the Circular of RCS Kerala
• Repayment
• 12-18 Months
• sureties
• Means acceptable to the bank
• Share Amount
• 2 % of the disbursed amount
• Service charges
• 0.5% of the sanctioned amount

NAMT (Non Agricultural Medium Term Loan)

• maximum amount
• Rs.50.00 Lakhs subject to the valuation of the property offered as security Loan amount sanctioned to 40 to 50% of valuation of property
• Eligibility
• A class Membership
• Interest rate
• As per the Circular of RCS Kerala in time to time
• Repayment
• 60 Months
• security
• Mortgage of Property
• Share Amount
• 2 % of the disbursed amount

NALT (Non Agricultural Long Term Loan)

• maximum amount
• Rs.50.00 Lakhs subject to the valuation of the property offered as security Loan amount sanctioned to 40 to 50% of valuation of property
• Eligibility
• A class Membership
• Interest rate
• As per the Circular of RCS Kerala in time to time
• Repayment
• 10 Year
• security
• Mortgage of Property
• Share Amount
• 2 % of the disbursed amount

KCC (Kissan Card Credit-Agricultural Purpose)

• maximum amount
• Rs.3.00 Lakhs
• Eligibility
• A class Membership
• Interest rate
• 5 To 7%
• Repayment
• 1 Year
• security
• UP to 100000 personal surety of members Above 1 Lakh mortgage surety