CentralBank of India-Rural Agri Banking
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Cent Estate Purchase Scheme

Purpose * To provide loan for purchase of estates growing traditional plantation crops.
Eligibility * The purchaser should have yielding estates and should also be in a position to rejuvenate the Estate proposed to be purchased.
Nature of facility * Term Loan repayable within 9 years.
Quantum of Loan * Upto Rs.2.00 crores. Loans of more than Rs.2.00 crores can also be considered on merit.
Margin * 50% on purchase consideration or market value whichever is higher.
Security * Primary :
- Charge on property to be purchased.
- Hypothecation of Plantation crops raised on the land/estate.
Collateral :
- Charge on other landed/residential property.

 

Interest Rate Upto Rs.50,000/-
Above Rs.50,000/- upto Rs.5.00 lacs
Above Rs.5.00 lacs upto Rs.25.00 lacs
Above Rs. 25.00 Lakhs
MCLR + 0.50%
MCLR + 1.00%
MCLR + 1.50%
MCLR + 2.00%
Processing Charges * @ Rs.120/- per lac or part thereof, Maximum Rs.20,000/-.
Documentation Charges * NIL
Repayment Period * Within 9 years.
For further details, please contact our nearest branch.
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