Compare Best Agriculture Loan Interest Rates in India
| Name of the Bank | Interest Rate |
|---|---|
| ICICI Bank (Agri Term Loan) | 10.00% – 15.33% p.a. |
| Central Bank of India (Cent Kisan Tatkal Scheme) | 8.70% p.a. onwards |
| IndusInd Bank (Crop Loan) | 10.15% – 14.75% p.a. |
| HDFC Bank (Retail Agri Loans) | 9.10% – 20.00% p.a. |
Which bank is best for agricultural loan?
- State Bank of India (SBI) State Bank of India (SBI) is the market leader when it comes to agriculture-related financing.
- ICICI Bank.
- HDFC Bank.
- Punjab National Bank (PNB)
- Allahabad Bank.
- Axis Bank.
- Oriental Bank of Commerce (OBC)
How can I get agriculture loan from Bank?
The documents that you may be asked to submit at the time of applying for an agriculture loan are as follows:
- Duly-filled application form.
- KYC documents.
- Land/asset documents.
- Security PDC.
- Any other document mandated by the lender.
Does Bank gives loan on agricultural land?
A agricultural land is pledged as a collateral. The borrower should have clear titles to the land to be eligible to apply for a Loan Against Agricultural Land. Most banks offer loans based on the size of the land pledged. They usually mention the minimum acres of land a farmer should have to apply for a loan.
How can I check my crop loan?
Visit the website of the bank where you have applied for the loan. Navigate to the section, “Check your loan status.” Provide the required details like – application number, mobile number, email id, etc. Once you provide all the required details, you can see the latest status of your crop loan on the screen.
What loans are given to farmers?
The most notable scheme launched by the NABARD is the Kisan Credit Card (KCC).
- Kisan Credit Card Scheme.
- State Bank of India Agricultural Loans.
- HDFC Bank Agricultural Loans.
- Allahabad Bank Agricultural Loans.
- Bank of Baroda Agricultural Loans.
- Punjab National Bank Agricultural Loans.
- ICICI Bank Agricultural Loans.
What is an agricultural loan?
Farm Ownership Loans will help you purchase or enlarge a farm or ranch, construct a new or improve an existing farm or ranch building, pay closing costs, and pay for soil and water conservation and protection. …
What are the interest rates on an agricultural loan?
Agriculture Loan: Interest Rates, Types & Eligibility Criteria Get to know here more about Agricultural Loan along with its Interest rates, types, eligibility criteria, documents required & Loan Providers
What are the requirements for bank of agriculture loan?
This type of loan is not collateralised but requires two acceptable guarantors. The applicant should have at least 10% deposit in the savings account. The loan covers every activity of the agriculture value chain. The loan can provide a maximum amount of N 5,000,000.00 for agricultural projects. The loan is collateralised.
How much credit has been given to agricultural sector?
With the introduction of SACP, the flow of credit to agricultural sector has increased significantly from Rs.8,255 crore in 1994-95 to Rs.1,22,443 crore in 2006-07 which were higher than the projection of Rs.1,18,160 crore.
Which is the best bank for farmer finance?
Farmer Finance / Agriculture Loan/ Krishi Loan. ICICI Bank offers a range of agriculture loans. You can use our overdraft facility to meet the cost of cultivation and working capital activities for farming and allied activities.
