Caravan Loan to support caravan business.

About Caravan Loan

The support amount will be provided to the needy Tibetan caravan owners who are engaged in the business of horse trekking for the foreseeable future for their own livelihood. It is provided to maximize capital infusion into existing business and for purchase of new horses. Individuals should have good track record of loan repayment in the past.

Features & Benefits of Caravan Loans

The caravan loan support those Tibetan people who engage in caravan business specially in higher remote landscape. This product is designed specially for that purpose with following benefits.

High valueable loans

Max loan up to Rs. 1 lakh for caravan business

Easy Loan Repayment

Maximum tenure up to 6 months for Rs. 1 Lakh Loan size.

100% Transparency

Selection process is fair and need basis. The preference will be given to established business.

Quick and Easy Disbursals

Loan application process is  simple and loan disburse in respective bank account.

Preclosure and Prepayment

Flexible for prepayment and pre-closure of the loan account.

Attractive Rates of Interest

The rate of interest is 4% for the amount of Rs. 1 Lakh during the tenure of 6 months.

About Education Loan

No matter how long the educational path is, ease it with Borrow Education Loan. Borrow Bank Education Loan provides you with quick and completely transparent loans to fuel your future aspirations and dreams.

Eligibility Criteria

  • The age limit of the applicant is 25 to 60 years.
  • The applicant should be a Tibetan who is operating caravan livelihood businesses & should belong to any of the existing Tibetan settlements.
  • The applicant should have proper legal documents to run business as per the local rules and regulations.
  • Updated GB and RC
  • Borrowers should not belong to a same family.

Documents needs

  •   Fund Application Form signed and verified by The Tibetan Settlement Officer
  • Surety bond signed by all the concerned parties
  • Updated Registration Certificate (Optional) & Updated Green Book (GB)
  • SO’s support letter
  • One Passport Sized Photograph
  • Support application form
  • Surety & Promissory note
  • Support letter from local committee
  • Agreement of guarantor

Education Interest Rates & Charges

Here is an exhaustive list of all the fees and charges to be paid for the education loan.

1 Lakh

Loan size

4% pa

Rate of interest

6 Months

Loan tenure

  • Description of Charges
    Trinket Loan
  • Loan Processing Charges*
    Nil
  • Pre-payment charges*
    Nil
  • No Due Certificate
    Nil
  • Solvency Certificate
    Nil
  • Penalty Interest on delayed / overdue EMI
    Rs.50 per day for one month

Frequently Asked Questions

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Only Rs. 1 Lakh can be borrow for single applicant.

Applicant can pay anytime before tenure ends.

Yes, but not in development credit categories.

As and when loan application announcement being made from our office.