Langpi Dehangi Rural Bank, sponsored by State Bank of India was established on 27th January 1982 under Section 3 (1) of Regional Rural Bank Act 1976. The Head Office of the Bank is situated at Diphu, the district head quarters of Karbi Anglong District.
The Bank has a total network of 42 Branches and 1 satellite office, out of which 34 Branches are operating in Karbi Anglong District and 8 Branches in N.C. Hills District. Out of 42 branches, 6 branches are situated in Semi-urban Centres and the remaining 36 branches are situated in rural areas. Its loan portfolio comprises of home loan, personal loan, education loan, car loans, business loan etc.
Purpose – For Purchase of new Car/Scooter/Two wheeler
Eligibility – Permanent employees of state/Central Govt., PSUs, Corporations, Reputed establishments; Professionals, self employed and others who are income tax assesses.
Quantum of Loan – Margin minimum 10%
Repayment Period – Maximum 60 months in equated monthly installments for loan up to Rs. 5.00 lakhs
Moratorium – NIL; Repayment will start from the following month of disbursement.
Security – Hypothecation of Car and third party guarantee of one Person to employers of Government/Semi Government /PSUS who there bye employer’s undertakings and for others cash security/ mortgage of land / third party guarantee
Processing Fee – 1.10% of the loan amount