KB SUVEGA VEHICLE LOAN FOR AGRICULTURIST
Farmers who are pledging landas collateral security will be eligible for Suvega Vehicle Loan. (These farmers should receive permanent additional income from agriculture, agri-allied activities). These farmers should also submit the revenue expenditure calculations for proving repayment capacity and the same will be evaluated by the branch manager.
Loan Limit: 30 times the monthly income or Rs. 10 lakhs, whichever is lesser. (Net income means 70% of monthly gross income).
Security: Extension of charge to be levied for the existing collateral security. All guidelines of mortgage loan to be followed.