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 Crescents and the remaining 36 branches are situated in rural areas. Its loan portfolio comprises of home loan, personal loan, education loan, business loan etc.
Purpose – For establishment of new business/ for expansion of existing business
Eligibility – Proprietorship/Partnership concerns/ Private Limited Firms with sole Proprietor/Partners/Directors over 18 years of age engaged in relevant business activities
Loan Amount – Need based finance –Computed on the basis of prevalent policy of the Bank for assessment of credit requirement.
Margin – Up to Rs.25000/- – Nil; Over Rs. 25000/- – 20%
Security – Primary – Hypothecation of Assets financed by Bank
Repayment Period – Cash Credit Limit shall be sanctioned for three years and shall be allowed to renew further subject to performance of account as per norms/policy of the Bank from time to time
Processing Fee – up to Rs. 25000/- Nil; Above Rs.25000 up to Rs.2.00 Lakh – Rs.500/- ; Above Rs.2.00Lakh – Rs.500/- per Lakh