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Rate of Interest at a Glance

(Schemes, Pattern of Finance & Rate of Interest w.e.f. 01.04.2017)

(i) Term Loan
  • General Loan
  • New Swarnima for Women
  • Education Loan
(ii)

Micro Finance

  • Mahila Samridhi (For exclusive women SHGs)
  • Micro Credit (For mixed SHGs)

 

S.No.

Name of Scheme

Max. Loan Limit
Per Beneficiary

Pattern of Finance

Rate of Interest p.a.

Repayment Period (including moratorium period of six months.

Bank

Benef.

 

8 Years

1.

Term Loan (General)

Rs.10.00 Lakh

NBCFDC Loan # 100%

Upto Rs.5 Lakh

3%

6%

 

 

 

-do-

Above Rs.5 Lakh

4%

7%

2.

Education Loan

  • India
  • Abroad
 
Rs.10.00 Lakh
Rs.20.00 Lakh

 
-do-
 
1.5%*

 
4%**

Max. 15 Years
(As per banking norms)

-do-
1.5%*
4%**
 
 

-do-

Repayment period shall commence after completion of course or getting job whichever is earlier.

3.

New Swarnima Scheme

Rs.1.00 Lakh

-do-

2%

5%

8 Years

4.

Micro Finance

Rs.50,000/-

-do-

2%

5%

4 Years

5.

Mahila Samridhi Yojana for women SHGs.

Rs.50,000/-

-do-

1%

4%

4 Years

*0.5% rebate on timely repayment by Bank to NBCFDC under Education Loan only.
**Rate of interest 3.5% p.a. for girl student.
# NBCFDC loan will be available upto 100%, however, disbursement will be made as per specific demand of Channel Partners.

  • Advance funds. The advance funds should be utilized within 120 days and utilization certificate be submitted accordingly.
  • Refinance: The amount of refinance should be appropriated in the beneficiaries aadhar seeded loan account within 10 working days of drawal from NBCFDC as per Rate of Interest of NBCFDC scheme.
  • Banks may claim refinance of outstanding balance under Education Loan irrespective of year of loan disbursement.
  • For other schemes refinance can be claimed for the loan disbursed during current financial year only.

Slab-wise rate of interest:-

Utilization
(Days)

Rate of Interest
(p.a.)

1-120 days
3%
121-180 days
6%

The Banks are required to refund the un-utilized funds in case the funds are not utilized within 180 days of release and will be charged 8% interest from 180 days upto date of refund.

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Last Updated On : 2017-12-12 05:22:29