Bank has become live on E-Commerce and PoS transactions.          IFS CODE: UTIB0SLDH01          An ISO 9001:2000 certified bank by JAS-ANZ          Bank will remain closed on Second and Fourth saturday of every month          The Ludhiana Central Cooperative Bank Ltd. - An 'A' class cooperative bank          Preserve your success with smart financing         
  • Dairy Loans

  • Agricultural Loans

    We offer term loans for buying cattle, purchase of equipment for irrigation and other agricultural requirements.

  • Vehicle Loans

    This festive season, get the vehicle loan at lowest EMI of just Rs 2052.00 per lac for 5 years and EMI of Rs 1440 per lakh for 8 years

  • Home Loans

    Avail the 15 year term loan facility with lowest EMI Rs 1090/- per lac and no hidden cost.

FAQs >>Loans >> Agriculture Loans

FAQs on RCC (Revolving Cash Credit Limit)

1.  Who can apply for this loan?

Any individual having at least one acre irrigated land.

2.  What would be minimum or maximum age for getting this loan?

Age should be 21 years minimum.

3.  How much loan I can get?

2.00 Lacs per acre subject to maximum of 15.00 Lacs

4.  Where can I utilize this loan amount?

The limit can be used to purchase agriculture implements or to meet socio economic needs and domestic needs.

5.  In how much time I can repay this loan?

The Limit must be revolved half yearly i.e. on 30th September and 31st March.

6.  Can I prepay this loan?

Yes, loan can be prepaid without any prepayment charges.

7.  What would be the Rate of Interest for this loan?

11.50% p.a. or as contracted at the time of advancement on reducing balance.

8.  Will there be any Charges?

Yes, Processing Fee @0.50% maximum RS. 1000/-- will be charged before disbursement of loan.

9.  What would be the documents required for this loan?

Residential proof, Proof of ownership of land i.e. fard/jamabandi, Non Encumbrance certificate of the land, .

10.  Will there be any Collateral Security Required?

No collateral security is required, only mortgage of the land as per D.C. collecteral rate

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