Q1: Can the loan be used for livestock purchase?.
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Agriculture Loan
Loan
Agriculture Loan
Our agriculture loan product is dedicated to supporting farmers, cultivators, and allied agricultural professionals by providing crucial financial backing for diverse farming activities. These loans finance the purchase of seeds, fertilizers, pesticides, farm machinery, irrigation infrastructure, livestock, and other inputs essential for enhancing agricultural productivity. Designed to cater to both seasonal and long-term agricultural needs, our loans offer flexible repayment schedules aligned with crop cycles and market realities. With competitive fixed interest rates and repayment tenures from 1 to 10 years, farmers gain access to affordable credit that enables the adoption of modern techniques and expansion of operations. Our company emphasizes a hassle-free application process, requiring essential documentation such as land ownership or lease agreements, identity proof, and income statements. By empowering the agricultural community, we contribute to food security, rural development, and sustainable farming practices.
Features
- Loan can be used for purchasing seeds, fertilizers, pesticides, farm equipment, irrigation facilities, livestock, and other farming inputs
- Loan disbursal within 15 working days
- Flexible repayment tenure ranging from 1 year to 10 years
- File Security Money of ₹3,860/- applicable, with ₹3,300/- refundable upon loan closure
Eligibility & Documents Required.
- Indian resident engaged in farming or allied agricultural activities
- Land ownership documents or lease agreements
- Documents required include valid ID proof (Aadhar, PAN, Passport), address proof, land ownership or lease documents, income proof, and recent passport-sized photographs
Interest Rate
Fixed interest rate of 6% per annul applicable on the loan amount Interest rates are fixed and non-negotiable.
Loan Tenure
Loan repayment tenure ranges from 1 year to 10 years, depending on loan amount and borrower’s preference.
Processing Responsibility
Any delay or interruption in the loan application or disbursal process arising from the customer’s or agent’s side will be beyond the company’s control and responsibility.
Frequently Asked Questions (FAQs)
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Q1: Can the loan be used for livestock purchase?
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Q2: Is the loan applicable for both crop cultivation and allied activities?A: Yes, it covers a wide range of agricultural activities including crop farming, dairy, poultry, fisheries, etc.
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Q3: What is the typical loan tenure?A: Loan tenure ranges from 1 to 10 years depending on the purpose and borrower's choice.