[et_pb_section fb_built=”1″ admin_label=”Hero” _builder_version=”4.22.2″ use_background_color_gradient=”on” background_color_gradient_stops=”rgba(9,31,77,0.28) 0%|rgba(234,50,54,0.39) 100%” background_color_gradient_overlays_image=”on” background_color_gradient_start=”rgba(9,31,77,0.28)” background_color_gradient_end=”rgba(234,50,54,0.39)” background_image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2023\/10\/ARECANUT.jpg” custom_padding=”|0px|120px|0px|false|false” bottom_divider_style=”asymmetric3″ bottom_divider_color=”#ffffff” hover_enabled=”0″ da_disable_devices=”off|off|off” locked=”off” global_colors_info=”{}” title_text=”ARECANUT” sticky_enabled=”0″ background_size=”stretch” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”3_5,2_5″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”3_5″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.17.3″ text_font=”||||||||” text_text_color=”#FFFFFF” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_font_size=”40px” header_line_height=”1.4em” background_layout=”dark” max_width=”600px” custom_margin=”||30px|” custom_margin_last_edited=”off|desktop” header_font_size_tablet=”30px” header_font_size_phone=”24px” header_font_size_last_edited=”on|desktop” global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][et_pb_button button_url=”#loan-details” button_text=”view services” _builder_version=”4.16″ custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#003bde” button_border_width=”0px” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”|||on|||||” background_layout=”dark” custom_margin=”|||” custom_padding=”16px|40px|16px|40px|true|true” button_border_radius_hover=”4px” button_letter_spacing_hover=”1px” button_bg_color_hover=”#0053ef” global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”on” button_border_radius__hover=”4px” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”1px” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”on” button_bg_color__hover=”#0053ef” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_button][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”||10px||false|false” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/suco.bank.in\/wp-content\/uploads\/2023\/01\/Vachan-Clients-300-\u00d7-300-px-1920-\u00d7-608-px-510-\u00d7-288-px-4.jpg” title_text=”Vachan Clients (300 \u00d7 300 px) (1920 \u00d7 608 px) (510 \u00d7 288 px) (4)” _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” custom_css_main_element=”margin:auto;” global_colors_info=”{}”][et_pb_text _builder_version=”4.17.3″ text_font=”||||||||” text_line_height=”2em” header_2_font=”Poppins|600|||||||” header_2_font_size=”30px” header_2_line_height=”1.2em” max_width=”700px” module_alignment=”left” header_2_font_size_tablet=”24px” header_2_font_size_phone=”18px” header_2_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][et_pb_text _builder_version=”4.17.3″ text_font=”||||||||” text_font_size=”16px” text_line_height=”2em” header_font=”Poppins|600|||||||” header_font_size=”40px” header_line_height=”1.3em” text_font_size_tablet=”16px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]Area of operation of the Bank consists of different geographical areas and also different crops grown in the area. Arecanut is a commercial crop which is being grown in Davanagere & Chitradurga districts of our area. Hence we have designed a loan product known as \u201cLoan for Purchase of Arecanut Processing Machine\u201d specially for the branches situated at the places where Areca Nut is grown.[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Features” module_id=”loan-details” _builder_version=”4.16″ custom_padding=”0px||0px||true|false” da_disable_devices=”off|off|off” locked=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.16″ locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.17.3″ text_font=”||||||||” header_font_size=”40px” header_line_height=”1.3em” header_2_font=”Poppins|600|||||||” header_2_font_size=”32px” header_2_line_height=”1.6em” module_alignment=”center” header_2_font_size_tablet=”24px” header_2_font_size_phone=”18px” header_2_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” _builder_version=”4.17.3″ locked=”off” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”ELIGIBILITY ” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Margin-Gold-Loan-GL.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.17.3″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]Farmers having at least 3 acres of land are eligible to avail loan under this scheme.[\/et_pb_blurb][et_pb_blurb title=”QUANTUM OF FINANCE ” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Insurance-of-stock-GL.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.17.3″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]Loan amount can be granted as under depending upon the capacity of the machine.
\nMinimum Loan Amount\t\t–\tRs. 1 Lakh
\nMaximum Loan amount\t\t–\tRs. 5 Lakh[\/et_pb_blurb][et_pb_blurb title=”RATE OF INTEREST ” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/sanctioning-authority.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.17.3″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]Rate of interest will be @14% PA. It will be reviewed and communicated by the Head Office from time to time. Penal interest will be @ 3% pa on overdue amount.[\/et_pb_blurb][et_pb_blurb title=”SECURITY ” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/sanctioning-authority.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.17.3″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
[\/et_pb_blurb][et_pb_blurb title=”SANCTIONING AUTHORITY” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Insurance-of-stock-GL.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.17.3″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]Cluster Managers have been empowered to sanction these loans based on the recommendations from the ABM. However the sanctions should get ratified by the Credit department. [\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.17.3″ custom_padding=”|||” custom_css_main_element=”margin:auto;” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”PURPOSE OF LOAN” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Storing-of-Goods-GL.png” icon_placement=”left” content_max_width=”1100px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.17.3″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]Loan is to be granted for purchase of Arecanut Processing unit which consists of a peeling machine and dryer. Cost of the machine is varied from Rs. 1 lakh to Rs. 5 lakh depending upon the capacity of the machine.[\/et_pb_blurb][et_pb_blurb title=”MARGIN MONEY ” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Storing-of-Goods-GL.png” icon_placement=”left” content_max_width=”1100px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.17.3″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]30% of the total cost of the machine is to be collected from the borrower before disbursement of the loan and credited to the borrower SB account and
\n70% of the total machine cost is to be granted as loan and is also to be credited to their SB account. Next by debiting the total amount from SB account issue Demand Draft \/ Pay Order for the total quotation amount along with a covering letter addressed to the dealer is to be sent to the dealer for supply of processing machine to the borrower.[\/et_pb_blurb][et_pb_blurb title=”PROCESSING FEE ” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Prequisite-Conditions-GL.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.17.3″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]Processing fee @1% has to be collected from the borrower before disbursement of the loan. [\/et_pb_blurb][et_pb_blurb title=”SUBMISSION OF DOCUMENTS ” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Period-of-loan.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.17.3″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
\u2022 Before Disbursement :<\/strong> \u2022 After Disbursement<\/strong> : [\/et_pb_blurb][et_pb_blurb title=”REPAYMENT PERIOD ” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/sanctioning-authority.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.17.3″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]Entire loan amount along with interest shall be repaid in 4 Half yearly installments.[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" LOAN FOR PURCHASE OF ARECANUT PROCESSING MACHINELOAN FOR PURCHASE OF ARECANUT PROCESSING MACHINEArea of operation of the Bank consists of different geographical areas and also different crops grown in the area. Arecanut is a commercial crop which is being grown in Davanagere & Chitradurga districts of our area. Hence we have designed a loan product […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"class_list":["post-245481","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/245481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/comments?post=245481"}],"version-history":[{"count":9,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/245481\/revisions"}],"predecessor-version":[{"id":246195,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/245481\/revisions\/246195"}],"wp:attachment":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/media?parent=245481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
a. R O R (Pahani) of 3 Acres for 3 years.
b. KYC documents
c. Quotation of Machinery to be purchased
d. Co-obligants :Govt. Servant – Job proof \/ Salary certificate \/ Xerox copy of the passbook where his salary is credited.
Farmer<\/strong> – ROR of 3 acres for 3 years.
Businessman<\/strong> – ITR for 2 years with income declaration of
Rs. 3 lakh or more.<\/p>\n
a) Collect original Invoice of the Machine
b) Collect Insurance Policy of the Machine with Banks hypothecation clause.<\/p>\n