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 – The loan is offered for the purpose of Truck, Bus, and Tractor, Taxi or other Commercial vehicles
Eligibility – Individuals over 18 years of age
Loan Amount – 75 to 80 % of the quotation rate of the vehicle
Margin – 20 to 25 % of the quotation rate of the vehicle
Repayment Period – Maximum 60 months in equated monthly installments
Moratorium – Two months from the date of disbursement
Security – Hypothecation of Vehicle
Processing Fee – up to Rs. 25000/- – Nil Above Rs.25000 up to Rs.2.00 Lakh – Rs.500/-; Above Rs.2.00Lakh Rs. /- – Rs.500/- per lakh