Nabard loan

[gnarendra2003]

HI Friends,

My father taken loan for Dairy farming in Bank of Baroda Andhrapradesh.

yesterday i came to know that

Loan Amount - 45000 (5lak Nabard scheme)
EMI -12000 FOR 70 MONTHS

24% INTEREST RATE (MORE THAN PERSONAL LOAN INTEREST RATE )

They cheated my father ?

Any body taken loan here for same purpose

Please give me some clarification then I can contact bank manager and can fight with him regarding this

Thanks

 

[timen1]

24% interest rate

At nay cost 24 percent is not nabad scheme, it might be business loan. Pl
inquire bank people and clarify.

Thanks and regards.
Francis K.A