PROJECT LOAN ELIGIBILITY CRITERIA
PROJECT LOAN ELIGIBILITY CRITERIA
Project Loan term and loan moratorium - The loan period will be for a maximum period of 10 years from the date of first issue which includes a loan moratorium period of maximum 2 years only on payment of principal amount (loan moratorium period is for the project only and not each release for) .
Interest Rate - The rate of interest for the last borrower will be 6.5% per annum (or fixed by NDDB from time to time) and will remain in effect for the entire payment period. Interest will be calculated on a daily product basis without compounding.
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PROJECT LOAN ELIGIBILITY CRITERIA?
