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, business loan etc.
Purpose – For Construction/Renovation/Addition & Alteration of Residential House/Flats
Eligibility – Permanent employees of state/Central Government, PSUs, Corporations, Private Sector Companies, Reputed establishments
Quantum of Loan – Maximum Rs.10 lakhs calculated @48 times of Gross monthly salary, subject to take home salary being not less than 50% of gross salary. In case spouse is also permanently employed and becomes joint borrower/guarantor, his/ her salary is taken into account to calculate loan eligibility
Repayment Period – Maximum 180 months in equated monthly installments subject to EMIs finishing at least 1 Year before retirement.
Moratorium – Nil; Repayment will start from the month following first disbursement.
Security – Equitable Mortgage of property including construction erected over the plot and third party guarantee
Processing Fee – 1.10% of loan amount
Pre-Payment – Permitted without penalty