Corporation Bank Kisan Credit Card | CCCK Eligibility – Features Full Detail

Corporation Bank Kisan Credit Card

The corporation bank is also providing the facilities of kisan credit card for meeting the financial needs of farmers. With Corporation Bank Kisan Credit Card, farmers can fulfill requirements of working capital, investment credit needs for agriculture and allied activities.

Moreover, they can also easily meet the expenses of post-harvest. No doubts, corporation bank is very known banking organization which offers multiple kind of banking and financial services to its customers. But the facility of corporation bank KCC is especially introduced for the benefits of farmers. Let’s read about the corporation bank kisan credit card features and full detail below.

Features Corporation Bank Kisan Credit Card

CCCK Eligibility

All the farmers are entitled to apply for corporation bank kisan credit card and the below given maximum loan amount can be availed by the applicants.

Check Here – Corporation Bank Credit Card Customer Care

Corporation Bank Kisan Credit Card Loan Amount

Short term credit that is derived on the 1st year as determined by the crop’s scale of finance plus a contingency limit which is 30% of the short term credit limit plus a consumption limit which is 30% of the short term credit limit (with a maximum cap of Rs.15.00 lakh).

Get Details – Corporation Bank Customer Care

Security:

The security conditions of corporation bank for providing the loan services are

  • The crophypothecation as security will be done according to reserve bank of India guidelines for the credit limit that is up to Rs 1 lakh.
  • The loans sanctioned against a credit card limit of not more than Rs. 3, 00,000 with the hypothecation of crops, and a tie up for recovery.
  • If the credit limit is above Rs. 1,00,000 with no ties for recovery, then loan applicant need to pledge a collateral security as specified by the Bank.

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Repayment:

The maximum period of corporation bank kisan credit card validity is 5-7 years. The corporation bank will undertake the annual review and monitoring of available cash credit to the holders and will renew the card validity. The repayment will be done after taking into consideration the harvesting and selling of crops.

The loan repayment will completely depends upon this activity but loan which is available against the corporation bank KCC must be repaid within time duration of 5-7 years.

Get Details – 10 Top Credit Cards Usage Tips

How To Apply For Corporation Bank Kisan Credit Card?

The interested applicants can apply for corporation bank kisan credit card at the official website of bank www.corpbank.com.If the user is having question or doubts about corp kisan credit card scheme (CCCK), then you can contact on corporation bank customer care number.

That’s all about corporation bank kisan credit card, go to Official Website for more details and stay connected with our web portal customer-carenumber.com

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