Loan to Religious Bodies
Loan to Religious Bodies
Maximum Loan Amount
Rs 1 Million
Interest Rate
Loans of up to Rs 500,000 – 0% p.a and
RS 500,000 up to Rs 1M – 3.0% p.a
RS 500,000 up to Rs 1M – 3.0% p.a
Repayment Period
Up to 5 Years
Purpose of Loan
Renovation and Refurbishment of places of worship
Financing
5 times the annual grant received from the Governing Body
Eligibility
Religious Bodies Affiliated to Related Governing Bodies
Security
As per DBM Terms and Conditions