INTEREST RATE AND REBATE

Interest will be charged at the prevailing rate of interest, presently 14% p.a. As per the existing policy, rebate of @2.0% on the prevailing rate of interest is admissible for timely payment of principal and interest. Further rebate of @1.0% is also given under the incentive scheme for Good Borrowers (excluding real estate projects). Therefore, the net effective rate of interest, in eligible cases, shall be 11% per annum. For Real Estate sector project the interest, presently being charged is 16% p.a. As per the existing policy, rebate of @2.0% on the prevailing rate of interest is admissible for timely payment of principal and interest. Liquidated damages @ 2% per annum is being charged on the amount in default for the period default continues.

The brochure contains brief particulars of various schemes for providing term loan by the Corporation. The schemes in detail are available at the Head Office of the Corporation at Jaipur, Delhi Office at Bikaner House and Unit Offices in Rajasthan.

The details given in the scheme are prevailing as on date of publication of the brochure. Any change(s) effected by the Corporation from time to time will applicable to the applicants.

Updation date : 31/10/2011 Updation Friquency : As when required