LOAN TO RELIGIOUS BODIES

Purpose of Loan Renovation and Refurbishment of places of worship
Maximum Loan Amount 6 times the annual grant received from the governing body to which the religious society is affiliated
Interest Rate 0% p.a. – Up to Rs 500,000

3%p.a. – Rs 500,001  to Rs 1,000,000

Penalty Rate 2% p.a. above normal interest rate
Repayment Period Up to 5 years
Repayment Mode Check off by governing body from grant money and remitted to DBM on a monthly basis
Project Costs To be certified by the Executive Committee
Disbursement Conditions Subject to progress of work certified by the Executive Committee of the religious society and site visit report

Loan Application
















I certify that the information provided on this application is accurate.