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 – General Purpose Loan for individuals
Eligibility – Permanent employees of state/Central Government PSUs, Corporations, Private Sector Companies, Reputed establishments; The employee who are about to retire or having less than two years of service are ineligible under the scheme.
Loan Amount – Minimum – Rs.50000/- Maximum – Rs.300000/- (Employer has to agree to deduct the amount of installment at source from the salary of the employee and remit to the bank with repayment period of 84 months)
Margin – NIL
Repayment Period – Maximum 84 months in equated monthly installments
Moratorium – Maximum one month from the date of sanction
Security – Third party guarantee of one Person
Processing Fee – 1.10% of loan amount