Objective
The product is a pre-approved term loan facility with option of multiple disbursements for multiple purposes. The product is aimed at facilitating growth among well rated existing customers.
Age
Minimum 21 years ; Maximum: 65 years
Target Group
Al...
Purpose
Loan granted by the Bank to the SHGs for income generation activities, social needs like housing, education, marriage, etc. and debt swapping etc.
Target Group
Business Facilitators, NGOs, Farmers Clubs, Farmers Associations, Panchayat Raj Institutio...
Purpose
All types of Allied Activities such as Dairy, Poultry, Piggery, Goatery, Duckery, & Fisheries etc.
Target Group
Individuals (singly or jointly), Farmers, Agricultural labourers, Self-Help Groups (SHGs) and Joint Liability Groups (JLGs).
Age
Minimu...
Objective
This scheme provides hassle free finance to borrowers in trade and service sector who are willing to furnish mortgage of property of adequate value, for acquiring fixed assets needed for business purposes and/or for build-up of inventory/current assets.
Age
Minim...
General Features of JLGs
A Joint Liability Group (JLG) is an informal group comprising a 4-10 individuals coming together for the purpose of availing Bank Loan on individual basis or through Group mechanism against mutual guarantee. Generally, the members of a JLG would engage in a simi...
Term deposits, also known as time deposits, are investment deposits made for a predetermined period of time, ranging from a few months to several years. The depositor receives a predetermined rate of interest on the term deposit over the specified time period. Funds deposited for longer time periods...
Purpose
Mortgage loan utilized for marriage/medical treatment/education/ foreign travel .
The proceeds of loan is not to be used for acquisition/ development of land or construction of building space or for any speculative purpose including speculation on real estate and capital mark...
All Individuals singly or jointly, Professionals, Shops, Proprietorships, Partnerships, Clubs, Associations, Charitable Trusts, Religious Institutions, Government bodies established under specific Acts are eligible to open these accounts.
Individual Customers should have valid KYC documents.
Oth...
Purpose
To provide hassle-free credit to customers from rural and semi-rural centres based on their cash flow without insistence on security, purpose and end-use of the credit. This is in nature of overdraft with no end-use stipulations.
Age
Minimum 21 years...
Meghalaya Rural Bank’s Internet banking facility is an online banking facility that can be accessed from the website. You need to register at the branch where you hold an account to avail the MRB Internet Banking services. After the services are enablled from the branch level, one can register thems...
Objective
Financing to
Primary and Higher secondary schools.
Graduation, Under-Graduation and Post-Graduation colleges
for the purpose of
Purchase of land for building / play ground
Construction of school building / auditorium
Repair / renovation of existing building
Purcha...