We provide Agricultural land Purchase term loan to individual farmers in order to increase agricultural production and productivity, cultivate fallow and waste land, and make small and marginal holdings economically viable. Loans will be long-term in nature and have a maximum length of ten years.
Features
Rates & Charges
Repayment
Eligibility Criteria
Documents Required
Features
- Quick financial aid for the purchase of land in order to increase their income.
- Long repayment period with competitive interest rates.
Rates & Charges
- Margin: 25 %
- Rate of Interest: 09.25% p.a.
- Pre-Payment Penalty:0.00% + GST
- Upfront Processing fee: @ 0.30% + GST on one-time basis, on total sanctioned
amount. - Penal interest: 2.00 % to be charged for the period of default in repayment.
Repayment
- The mode of repayment will Yearly/ Half Yearly or as per income generation/Cropping Pattern.
- The repayment tenure period will be a maximum of 10 years.
Eligibility Criteria
- Small & Marginal farmer.
- Age 18+
- Tenant farmers Or share croppers.
- A Class Member of our bank.
Documents Required
- Proof of identity
- Proof of address
- Proof of income
- Documents of the property.
- KYC of Applicant(s) & Guarantor(s)
NOTE: Margin, ROI, and delegation are subject to review by the authorities at the bank.
All other applicable rules & regulations in force should be fulfilled for eligibility.
