Medium Term Loans

Medium Term Loans

Medium Term Loans offered by Tripura State Co-operative Bank Ltd. are designed to support individuals, businesses, and farmers who require financial assistance for a period typically ranging from 1 to 5 years. These loans are ideal for financing capital expenditures, purchasing machinery or equipment, or meeting working capital requirements that cannot be covered through short-term facilities.

Purpose:

• Purchase of agricultural equipment and machinery
• Construction, expansion, or renovation of business premises
• Procurement of livestock or setting up small-scale farming units
• Acquisition of transport vehicles for commercial use
• Any other productive or income-generating activities

Loan Features:

• Loan Amount: Based on borrower’s requirement, project cost, and repayment capacity
• Repayment Period: 1 to 5 years, including moratorium (if applicable)
• Interest Rate: Competitive and as per RBI and bank’s guidelines
• Security: Hypothecation of assets created, third-party guarantee or collateral (as required)
• Processing Time: Quick and hassle-free with minimal documentation
• Repayment Mode: Monthly/Quarterly installments through ECS, cheque, or bank transfer

Eligibility Criteria:

• Individuals, self-employed persons, farmers, small traders, and SHGs
• Must be a member or eligible to become a member of the bank
• Satisfactory credit history and repayment capacity
• Submission of viable project or income-generation plan (if applicable)

Documents Required:

• Duly filled loan application form
• KYC documents (Aadhaar, PAN, etc.)
• Income proof or bank statements
• Project cost estimate or quotation (where applicable)
• Land/property documents (if offered as collateral)

Why Choose TSCB Medium Term Loans?

• Tailored to local and rural development needs
• Personalized customer service with flexible terms
• Transparent processing with no hidden charges
• Empowering farmers and entrepreneurs across Tripura