Farm Storage Development Loans: Secure Your Produce

Primary Security:

• Hypothecation of crops/Assets Created out of bank finance
• Mortgage of land where primary activities are undertaken, unit is constructed and which forms a part of developmental activity and connected with the activity.

Collateral Security:
For loan on leasehold landed property, if leasehold rights are not mortgaged, immovable or equivalent collateral security should be obtained of minimum 100% of the loan amount, wherein at least 50% security shall be by way of residential/commercial properties (land & buildings backed by approved building plan)